According to a market report by Lucintel, the future of the global palm methyl ester derivative market looks promising with opportunities in the soap & detergent, personal care & cosmetic, food & beverage, lubricant & additive, and solvent markets. The global palm methyl ester derivative market is expected to reach an estimated $3 billion by 2030 from $2 billion in 2024 at a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rapidly increasing the soaps & detergents industry worldwide, increasing demand from the personal care and cosmetic industry, and growing interest in biodiesel.
A more
than 150-page report to understand trends, opportunity and forecast in global palm
methyl ester derivative market to 2030 by product type (palm methyl caprylate,
palm methyl laurate, palm methyl myristate, palm methyl palmitate, palm methyl
stearate, palm methyl oleate, palm methyl linoleate, and others), source (crude
palm oil and palm kernel oil), end use (soap & detergent, personal care &
cosmetic, food & beverage, lubricant & additive, solvent, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the product type category palm methyl oleate will remain
the largest segment over the forecast period due to its growing usage as a
lubricant for precision and metal cleaning, solvents in industrial cleaners,
surfactants in personal care products, and solvents and defamers in the
manufacturing of inks and coatings.
Within the
end-use category, personal care & cosmetic products are expected to witness
the highest growth.
Download
sample by clicking on palm
methyl ester derivative market.
In terms
of regions, APAC will remain the largest region over the forecast period due to
rising demand for palm methyl ester derivatives in various industries, such as
beauty and personal care as well as the car industry in the region.
Qorvo,
Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo
Electric Industries, Win Semiconductors are the major suppliers in the palm methyl ester derivative market.
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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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