Palm Methyl Ester Derivatives Market - by Type (Palm Kernel Oil [PKO] and Crude Palm Oil [CPO]), by Application (Personal Care Products & Cosmetics, Soaps & Detergents, Lubricants & Additives, Food & Beverages, and Solvents), by Product (Methyl Laurate, Methyl Caprylate, Methyl Palmitate, Methyl Myristate, Methyl Oleate, Methyl Stearate, and Methyl Linoleate) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Palm Methyl Ester Derivatives market is set to accrue revenue worth nearly 2500 (USD Million) by 2026.

14-Aug-2020 | Number of pages: 110 | Report Code: ZMR-4048 | Report Format : | Status : Published

Abstract

The global Palm Methyl Ester Derivatives market is set to accrue revenue worth nearly 2500 (USD Million) by 2026. The report offers assessment and analysis of the Palm Methyl Ester Derivatives market on a global and regional level. The study provides an in-depth assessment of the industry competition, limitations, sales revenues, opportunities, emerging trends, and industry-validated information. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Introduction

Palm methyl ester derivatives are kind of oleo chemicals that are extracted from crude palm oil as well as palm kernel oil. A surge in the customer preference for natural materials in food items, cosmetic products, and personal care items will enhance the popularity of palm methyl ester derivatives in the coming years.

Market Growth Dynamics

The growth of the market over the forecast timespan is owing to rise in the purchase of personal care items & cosmetics having natural ingredients. Apart from this, rise in the health awareness and preference for organic and skin-friendly items will further proliferate the demand for palm methyl ester derivatives in the coming years. In addition to this, the products are biodegradable as well as non-toxic and this will benefit the market growth over the forecasting years. Furthermore, palm oil ester derivatives are utilized as viscous modifiers, emollients, and humectants, thereby creating humungous scope for the market over the forthcoming years.

With government promoting the use of bio-based items and players focusing the addition of natural ingredients for manufacturing cosmetic & personal care items, the market is likely to gain traction over the estimated timespan. The rise in the product penetration across the globe can be attributed to tax benefits & incentives offered by various governments for manufacturing bio-based chemicals.

Asia Pacific Market To Accrue Huge Gains Over Forecast Timeframe

The growth of the market in the Asia Pacific zone over the period from 2020-2026 is due to easy availability of raw materials in the countries like Malaysia, China, and Indonesia. In addition to this, these nations are also the major exporters & manufacturers of palm oil and this will contribute remarkably towards the regional market size over the ensuing years.

Key players profiled in the report include Emery Oleochemicals Group, The Procter & Gamble Company, Musim Mas Group, Oleon NV, KLK Oleo, Wilmar International Ltd., IOI Corporation Berhad, and VVF LLC.

The global palm methyl ester derivatives market is segmented as follows:

By Type

  • Crude Palm Oil (CPO)
  • Palm Kernel Oil (PKO)

By Product

  • Methyl Caprylate
    • By application
      • Solvents
      • Agricultural products
      • Lubricants and additives
      • Food and beverages
      • Personal care products and cosmetics
      • Others
  • Methyl Laurate
    • By application
      • Soaps and detergents
      • Solvents
      • Chemicals
      • Personal care products and cosmetics
      • Paints and inks
      • Food and beverages
      • Others
  • Methyl Myristate
    • By application
      • Soaps and detergents
      • Lubricants and additives
      • Personal care products and cosmetics
      • Others
  • Methyl Palmitate
    • By application
      • Soaps and detergents
      • Lubricants and additives
      • Food and beverages
      • Personal care products and cosmetics
      • Others
  • Methyl Stearate
    • By application
      • Soaps and detergents
      • Lubricants and additives
      • Food and beverages
      • Personal care products and cosmetics
      • Others
  • Methyl Oleate
    • By application
      • Soaps and detergents
      • Lubricants and additives
      • Personal care products and cosmetics
      • Solvents
      • Others
  • Methyl Linoleate
    • By application
      • Soaps and detergents
      • Personal care products and cosmetics
      • Solvents
      • Food and beverages
      • Others
  • Others

By Application

  • Soaps and Detergents
  • Personal Care Products and Cosmetics
  • Food and Beverages
  • Lubricants and Additives
  • Solvents
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Surge in the purchase of personal care items & cosmetics having natural ingredients is likely to bolster the growth of the Palm Methyl Ester Derivatives Market over the forecast timeline.

Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.

The key market players include The Procter & Gamble Company, Musim Mas Group, Wilmar International Ltd., Emery Oleochemicals Group, IOI Corporation Berhad, Oleon NV, KLK Oleo, and VVF LLC.

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