Palm Methyl Ester Market - Global Industry Analysis

Palm Methyl Ester Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028

Published Date: 29-Jun-2021 Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-586 Status : Published

The Global Palm Methyl Ester Market was accounted for USD 6.14 Billion in 2020 and is expected to reach USD 8.66 Billion by 2028, growing at a CAGR of around 4.3% between 2021 and 2028.

Description

Global Palm Methyl Ester Market Overview     

The Global Palm Methyl Ester Market accounted for USD 6.14 Billion in 2020 and is expected to reach USD 8.66 Billion by 2028, growing at a CAGR of around 4.3% between 2021 and 2028.    

The palm methyl ester is an aliphatic organic ester derived from vegetable oil. Vegetable oil is first to hamper to methyl ester with methanol as a catalyst.  As it isn't possible to use vegetable oil directly due to its high viscosity, they're converted to palm methyl esters. The palm methyl ester is the base material for biofuels and may be used as lubricants within the automotive sector.

Palm methyl ester is widely used as solvents, polymers, and surfactants in agriculture, paint and coating industry, plasticizers industry. The palm methyl ester is environmentally friendly and price-efficient. Therefore increasing demand for palm methyl ester in the biofuel industry is predicted to drive the marketplace for palm methyl ester market in coming years. Environmental agencies had imposed various stringent regulations over the utilization of conventional fuel is probably going to strengthen the expansion of the palm methyl ester market within the forecast period. However, issues like deforestation for the plantation of palm may barricade the expansion of the palm methyl ester market.

Nonetheless, ongoing research for the innovating novel line is anticipated to impel the expansion of the palm methyl ester market within the forecast period. Moreover, growing demand from the food industry for the palm methyl ester market is probably going to supply new opportunities within the coming years.

COVID-19 Impact Analysis

The COVID-19 outbreak has hit commercial platforms hard which could stall development in emerging markets. As a result, automotive, aviation, railways, and roadways have fallen sharply, which has prompted to chop capacity. Many are closed by governments to contain the spread of the virus. The result's a pointy fall in revenues of Palm Methyl Ester market. Given the importance to all to the economic development of cities, countries, and regions, the broader impact of COVID-19 on the worldwide economy is enormous.

Growth Factors

The industry is predicted to be driven by increasing vegetable oil-based bio-diesel acceptance across the planet. Growing environmental concerns and health problems on account of non-renewable fuel consumption have spurred the necessity for environmentally friendly products. Environmental agencies like EPA, UNEP, and WNO which aim at protecting the environment and promoting environmentally sound practices and regulations are encouraging the consumption of renewable fuels over diesel. Such initiatives also are expected to drive global palm methyl ester industry demand over the forecast period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis Preview   

There are numerous applications of palm methyl ester like bio-fuel, food, lubricants, surfactants, agriculture, solvents, polymers, and metalworking fluids among others. Among all, the lubricants segment dominated the palm methyl ester market with a significant market share in 2017. The palm methyl ester is extensively used because of the lubricant in automotive, fibers, transformers, biodegradable lubes, and hydraulic fluid. Palm methyl ester also is used as emulsifiers within the food industry and as solvents within the agricultural industry for attaining better adhesion in an eco-friendly and sustainable manner which radically contributes to the growth of the palm methyl ester market.

Regional Segment Analysis Preview   

The palm methyl ester market was dominated by the Asia Pacific in 2017 and is expected to realize traction within the forecast period. This was owing to the high consumption of palm methyl ester due to its wide selection of assets like an emulsifier, lubricant, and surfactants in several industrial applications like automotive, paint and coating, and the food industry. India, China, and Japan are expected to be the foremost potent markets within the near future owing to the increasing automotive and agricultural industry in these regions.

In 2017, Europe was considered the effective market for the palm methyl ester market. This was mainly due to the compelling of the European government to be used of renewable fuels. Latin America is predicted to experience lucrative growth over the number of years due to the growing industrialization and food industry in Brazil. the center East and Africa are anticipated to propel the expansion of the palm methyl ester market in the forecast period due to high growth in the agricultural sector.

Key Market Players & Competitive Landscape

Some of the global major players in the palm methyl ester are OnBiz Enterprise, PG Worldwide Trade SDN BHD, Pure Diesel Co. Ltd., RITS, Bioinvent Sdn Bhd., LOL Oleochemicals Sdn. Bhd., International Source, AM Biofuels Sdn Bhd., Natural Fuel PTE Ltd., Green and Natural Sdn Bhd., Agricode Bio-Technology Pte Ltd., and Alternative Fuels Holdings Sdn Bhd among others.

The global Palm Methyl Ester Market is segmented as follows:

By Application

  • Bio-fuel
  • Food
  • Lubricants
  • Surfactants
  • Agriculture
  • Solvents
  • Polymers
  • Metal Working Fluids
  • 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

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Palm Methyl Ester Market , 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Palm Methyl Ester Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Bio-Fuel
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Food
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Lubricants
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Surfactants
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Agriculture
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Sulvents
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Pulymers
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.9. Metal Working Fluids
      • 4.9.1. Market Size and Forecast, By Region (USD Billion)
      • 4.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.9.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.10. Others
      • 4.10.1. Market Size and Forecast, By Region (USD Billion)
      • 4.10.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.10.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Palm Methyl Ester Market – Region Segment Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 5.2.5. U.S.
        • 5.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 5.2.6. Canada
        • 5.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
      • 5.2.7. Mexico
        • 5.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 5.3.5. Germany
        • 5.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
      • 5.3.6. France
        • 5.3.6.1. France Market Revenue, By Application, 2016 – 2028
      • 5.3.7. U.K.
        • 5.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 5.3.8. Italy
        • 5.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
      • 5.3.9. Spain
        • 5.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
      • 5.3.10. Rest of Europe
        • 5.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 5.4.5. China
        • 5.4.5.1. China Market Revenue, By Application, 2016 – 2028
      • 5.4.6. Japan
        • 5.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
      • 5.4.7. India
        • 5.4.7.1. India Market Revenue, By Application, 2016 – 2028
      • 5.4.8. South Korea
        • 5.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
      • 5.4.9. South-East Asia
        • 5.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 5.4.10. Rest of Asia Pacific
        • 5.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 5.5.5. Brazil
        • 5.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 5.5.6. Argentina
        • 5.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 5.5.7. Rest of Latin America
        • 5.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 20285
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.5. GCC Countries
        • 5.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 5.6.6. South Africa
        • 5.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.7. Rest of Middle-East Africa
        • 5.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 6: Palm Methyl Ester Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Palm Methyl Ester Market : Company Market Share, 2019
      • 7.1.2. Global Palm Methyl Ester Market , Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Palm Methyl Ester Market , Company Y-o-Y Growth, 2017 – 2028 (%)
      • 7.1.4. Global Palm Methyl Ester Market : Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. OnBiz Enterprise
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. PG Worldwide Trade SDN BHD
    • 8.3 Pure Diesel Co. Ltd.
    • 8.4 RITS
    • 8.5 Bioinvent Sdn Bhd
    • 8.6 Lul uleochemicals Sdn. Bhd.
    • 8.7 International Source
    • 8.8 AM Biofuels Sdn Bhd.
    • 8.9 Natural Fuel PTE Ltd.
    • 8.10 Green and Natural Sdn Bhd.
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Palm Methyl Ester Market  Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 6. Global Palm Methyl Ester Market  for Bio-Fuel, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Palm Methyl Ester Market  for Bio-Fuel, By Country, 2020 & 2028
FIG NO. 8. Global Palm Methyl Ester Market  for Food, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Palm Methyl Ester Market  for Food, By Country, 2020 & 2028
FIG NO. 10. Global Palm Methyl Ester Market  for Lubricants, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Palm Methyl Ester Market  for Lubricants, By Country, 2020 & 2028
FIG NO. 12. Global Palm Methyl Ester Market for Surfactants, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Palm Methyl Ester Market for Surfactants, By Country, 2020 & 2028
FIG NO. 14. Global Palm Methyl Ester Market for Agriculture, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Palm Methyl Ester Market for Agriculture, By Country, 2020 & 2028
FIG NO. 16. Global Palm Methyl Ester Market for Solvents, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Palm Methyl Ester Market for Solvents, By Country, 2020 & 2028
FIG NO. 18. Global Palm Methyl Ester Market for Polymers, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Palm Methyl Ester Market for Polymers, By Country, 2020 & 2028
FIG NO. 20. Global Palm Methyl Ester Market for Metal Working Fluids, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Palm Methyl Ester Market for Metal Working Fluids, By Country, 2020 & 2028
FIG NO. 22. Global Palm Methyl Ester Market  for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Palm Methyl Ester Market  for Others, By Country, 2020 & 2028
FIG NO. 24. Global Palm Methyl Ester Market  Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America Palm Methyl Ester Market  Revenue, 2016 - 2028 (USD Billion)
FIG NO. 26. Porter’s Five Forces Analysis for Global Palm Methyl Ester Market 
FIG NO. 27. PEST Analysis for Global Palm Methyl Ester Market 
FIG NO. 28. Pricing Analysis for Global Palm Methyl Ester Market 
FIG NO. 29. Value Chain Analysis for Global Palm Methyl Ester Market 
FIG NO. 30. Company Share Analysis, 2019
FIG NO. 31. Radar Determinant Chart, 2019
FIG NO. 32. Company Strategic Developments – Heat Map Analysis
FIG NO. 33. L-3 Security Detection Systems Business Segment Revenue Share, 2020 (%)
FIG NO. 34. L-3 Security Detection Systems Geographical Segment Revenue Share, 2020 (%)
FIG NO. 35. Market Channels
FIG NO. 36. Marketing Channel Development Trend
FIG NO. 37. Growth in World Gross Product, 2008-2018
FIG NO. 38. Research Methodology – Detailed View
FIG NO. 39. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Palm Methyl Ester Market : Snapshot
TABLE NO. 2. Quarterly Palm Methyl Ester Market  Revenue by Region, 2020
TABLE NO. 3. Quarterly Palm Methyl Ester Market  Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Palm Methyl Ester Market  for Bio-fuel, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Palm Methyl Ester Market  for Food, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Palm Methyl Ester Market  for Lubricants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Palm Methyl Ester Market  for Surfactants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Palm Methyl Ester Market  for Agriculture, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Palm Methyl Ester Market  for Solvents, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Palm Methyl Ester Market  for Polymers, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Palm Methyl Ester Market  for Metal Working Fluids, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Palm Methyl Ester Market  for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Palm Methyl Ester Market  Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Palm Methyl Ester Market  Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Palm Methyl Ester Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Palm Methyl Ester Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Palm Methyl Ester Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Palm Methyl Ester Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Drivers for the Palm Methyl Ester Market : Impact Analysis
TABLE NO. 22. Restraints for the Palm Methyl Ester Market : Impact Analysis
TABLE NO. 23. Major Buyers of Palm Methyl Ester
TABLE NO. 24. Distributors/Traders List of Palm Methyl Ester
TABLE NO. 25. Global Palm Methyl Ester Market , Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 26. Global Palm Methyl Ester Market , Company Y-o-Y Growth, 2017 – 2028 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Palm Methyl Ester market. Zion Research has collected and analyzed key data belong to the global Palm Methyl Ester market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Palm Methyl Ester across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Palm Methyl Ester industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Palm Methyl Ester market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Palm oil is one of majorly consumed oil in several regions across the globe. However, palm oil possesses high viscosity, therefore, cannot be used directly as engine oil. Henceforth, they are reacted with methanol to form methyl esters. In recent times, palm methyl esters act as the substitute for conventional fuels. As palm methyl esters are the base material for producing bio fuels. This factor is likely to reinforce the growth of palm methyl ester market in near future.

The increasing trend for eco-friendly fuel is likely to drive the palm methyl ester market. Moreover, rising demand from end-user industry such as food industry, lubricant agriculture is expected to trigger the growth of palm methyl ester market in the coming years. Growing industrial sector is expected to aid the growth of palm methyl ester market in the coming years. High accomplishment from the government for use of bio-based fuel is predicted to bloom the palm methyl ester market in the forecast period. However, environment concerns regarding plantation of palm may impede the growth of the palm methyl ester market. Nevertheless, ongoing research for exploiting properties and untapped opportunities of palm methyl ester is likely to positively impact on palm methyl ester market in the coming years.

Global-Palm-methyl-ester-Market

Several applications for palm methyl ester are biofuel, food, lubricants, surfactants, agriculture, solvents, polymers, metal working fluids and others. Lubricants and biofuel were the leading segment of the palm methyl ester market in 2015. Various agencies such as EPA, UNEP, and WNO are practicing to encourage the consumption of renewable fuel which is expected to shore up the growth of palm methyl esters market in near future. Growing awareness for eco-friendly and efficient fuel is likely to boost the biofuel market which will result in the high growth of palm methyl ester market in coming years.

Asia Pacific governed the palm methyl ester market in 2015 with 56% of the total market share. This is mainly attributed to the presence of abundant raw material especially in India. Asia-Pacific is the major consumer for palm oil, as it is majorly used as emulsifiers in the food industry and lubricants in the automotive sector in various regions of Asia Pacific. Escalating investment in bio fuels by Europe is likely to boost the bio fuel market which in turn is expected to spur the growth of palm methyl ester in the forecast period. The Middle East and Africa is witnessing predominant growth for the palm methyl ester in recent times and is to gain traction in the forecast period. Huge usage of palm methyl ester in surfactants along with utilization of palm methyl ester as lubricants in the agricultural industry is likely to brisk the growth of palm methyl ester market in coming years. Increasing government initiatives to uphold the eco-friendly development in the manufacturing sectors is expected to aid the growth of palm methyl ester market in this region. Latin America is likely to witness decent growth in the forecast period.

Some of the global major players in the palm methyl ester are OnBiz Enterprise, PG Worldwide Trade SDN BHD, Pure Diesel Co. Ltd., RITS, Bioinvent Sdn Bhd., LOL Oleochemicals Sdn. Bhd., International Source, AM Biofuels Sdn Bhd., Natural Fuel PTE Ltd., Green and Natural Sdn Bhd., Agricode Bio-Technology Pte Ltd., and Alternative Fuels Holdings Sdn Bhd among others.

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FrequentlyAsked Questions

The global Palm Methyl Ester Market was valued at USD 6.14 Billion in 2020.

The global Palm Methyl Ester Market is expected to reach USD 8.66 Billion by 2028, growing at a CAGR of 4.3% between 2021 to 2028.

Some of the key factors driving the global Palm Methyl Ester Market growth are Rapid urbanization,  and increasing environmental concerns and health problems on account of non-renewable fuel consumption have spurred the need for environmentally friendly products.

Asia Pacific region held a substantial share of the Palm Methyl Ester Market in 2020.

The key companies operating in Palm Methyl Ester market include OnBiz Enterprise, PG Worldwide Trade SDN BHD, Pure Diesel Co. Ltd., RITS, Bioinvent Sdn Bhd., LOL Oleochemicals Sdn. Bhd., International Source, AM Biofuels Sdn Bhd., Natural Fuel PTE Ltd., Green and Natural Sdn Bhd., Agricode Bio-Technology Pte Ltd., and Alternative Fuels Holdings Sdn Bhd among others.

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