The report "Palm Methyl Ester Derivatives Market by Product, Source (Crude Palm Oil, Palm Kernel Oil), End-Use (Soaps & Detergents, Personal Care & Cosmetic Products, Food & Beverages, Lubricants & Additives, Solvents), and Region - Global Forecast to 2027", is projected to grow from USD 1.9 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 6.3% during the forecast period. High demand for personal care & cosmetic products in countries such as China and India along with the shift in consumer preference towards products having natural additives is expected to drive the palm methyl ester derivatives market.
Browse 167 market data Tables and 32 Figures spread through 166 Pages and in-depth TOC on "Palm Methyl Ester Derivatives Market by Product, Source (Crude Palm Oil, Palm Kernel Oil), End-Use (Soaps & Detergents, Personal Care & Cosmetic Products, Food & Beverages, Lubricants & Additives, Solvents), and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/palm-methyl-ester-derivatives-market-50625075.html
The soaps & detergents segment, by end-use, is expected to account for the largest market share during the forecast period
Based on end-use, the palm methyl ester derivatives is classified into soaps & detergents, personal care & cosmetic products, food & beverages, lubricants & additives, solvents, and others. Growing population of countries such as India and China with a significant growth in urban population has given a boost in the demand for soaps & detergents. Thus, usage of palm methyl ester derivatives in the production of soaps & detergents is expected to drive the market.
Crude palm oil segment, by source, is expected to account for the largest share of the palm methyl ester derivatives market, during the forecast period
Based on source, the palm methyl ester derivatives is classified into crude palm oil and kernel palm oil. Crude palm oil is the major source used in the production of palm methyl ester derivatives. Crude palm oil is expected to account for the largest share in 2022, in terms of value and volume. With rising awareness about the benefits of utilizing natural elements, especially in personal care and home care products, the demand is increasing for palm methyl ester derivatives. This in turn is generating demand for crude palm oil.
Palm methyl laurate segment, by product, is expected to be the fastest growing segment for palm methyl ester derivatives market, during the forecast period
Based on product, the palm methyl ester derivatives is classified into palm methyl caprylate, palm methyl laurate, palm methyl myristate, palm methyl palmitate, palm methyl stearate, palm methyl oleate, palm methyl linoleate, and others. Methyl laurate is used in various other industries such as textile, metal working fluids, and lubricants & greases. There is significant growth related to the textile industry in some of the key countries, such as India and the US which is driving the market for palm methyl laurate derivative.
Asia Pacific region is expected to be the largest and fastest-growing palm methyl ester derivatives market
Asia Pacific is expected to lead the palm methyl ester derivatives market during the forecast period by value. This demand can be attributed to the high growth in emerging economies such as China and India, that has made Asia Pacific a huge market for palm methyl ester derivatives. China is one of the largest markets for palm methyl ester derivatives across the globe and is expected to contribute a major portion to the overall regional demand for palm methyl ester derivatives during the forecast period.
Some of the leading players in this market include The Procter & Gamble Company (US), Wilmar International Ltd (Singapore), Musim Mas (Singapore), KLK OLEO (Malaysia), Emery Oleochemicals (US), and Hebei Jingu Plasticizer Co., Ltd. (China), among others.
Don’t miss out on business opportunities in Palm Methyl Ester Derivatives Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441