According to the recent study the palm methyl ester derivative market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by rising preference for bio-based and natural products, continuous industrial shift toward utilization of palm-based raw materials for manufacturing various products, and growing investment in R&D activities to develop biodegradable products.
Browse XX figures /
charts and XX tables in this 150 -page report to understand trends, opportunities
and forecast in palm methyl ester derivative market by source (crude palm oil
and palm kernel oil), product (methyl caprylate, methyl laurate, methyl
myristate, methyl stearate, methyl oleate, methyl palmitate, and methyl
linoleate), application (soap and detergent, personal care and cosmetics,
textile treatments, inks, rubber, waxes, food and beverages, lubricants and
additives, agricultural products, biofuel, paints and coatings, pharmaceutical
ingredients, plasticizers, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
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https://www.lucintel.com/palm-methyl-ester-derivative-market.aspx
“Methyl laurate market is expected to
remain the largest segment during the forecast period.”
Based on product, the
palm methyl ester derivative market is segmented into methyl caprylate, methyl
laurate, methyl myristate, methyl stearate, methyl oleate, methyl palmitate,
and methyl linoleate. Lucintel forecasts that the methyl laurate market is
expected to remain the largest segment due to its superior quality as compared
to its other substitutes, increasing usage among various application, and huge
demand from personal care & cosmetics industry.
“Within the palm methyl ester derivative market, the personal care
and cosmetics segment is expected to remain the largest application.”
Based on application the
personal care and cosmetics segment is expected to witness the highest growth
over the forecast period due to the growing population of emerging countries,
increasing demand for cosmetics among population and growing usage of methyl
ester as lubricating agents and emulsifiers among personal care and cosmetic
industry.
“Asia pacific will dominate the palm methyl ester derivative
market in near future.”
Asia Pacific will remain
the largest region due to the increasing demand from a wide range of end use
industries, growing health concern among consumers, and low-cost raw materials
available in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/palm-methyl-ester-derivative-market.aspx.
Major players of palm
methyl ester derivative market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Musim
Mas Mas, Oleon, KLK Oleo, Wilmar International, VVF, Emery Oleochemicals, and
Carotino are among the major palm methyl ester derivative providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/palm-methyl-ester-derivative-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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