The global palm methyl ester derivatives market size is expected to reach USD 3.28 billion by 2032, according to a new study by Polaris Market Research. The report "Palm Methyl Ester Derivatives Market Share, Size, Trends, Industry Analysis Report, By Product (Palm Methyl Caprylate, Palm Methyl Laurate, Palm Methyl Myristate, Palm Methyl Stearate, and Others); By Source; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rapid expansion of personal care & cosmetics product applications globally has paved the way for greater adoption of the product, as they are widely used as lubricants and emulsifiers in numerous personal care and cosmetic products.
Moreover, rising investment in R&D activities to innovate biodegradable products and expand their production capacities along with the surging focus of giant market players towards utilization of palm oil as a bio-based component, are expected to create lucrative growth opportunities for the market. For instance, in May 2022, Olean, announced the establishment of new manufacturing facility in Baytown, with a total investment of USD 50 Mn. The new facility will be started by the end of 2023 and will be producing esters by utilizing the company's newest technology.
Demand and prevalence for sustainable and non-toxic alternative insulating fluid has been on the rise globally due to growing negative impacts on environment of mineral-based insulating fluids. Additionally, this ester derivatives are being heavily used as raw materials for food emulsifiers, as it acts as a flavoring agent and flavor stabilizer, which creates huge potential for market.
Methyl esters, that are derived from the natural fats and oils, might be used as effective alternative to the fatty acids in the manufacturing of large number of oleochemicals & its associated derivatives. Methyl esters have gained huge penetration as feedstock to produce many other oleo-chemicals including fatty alcohol, sulphonates, iso-propyl esters, sucrose poly-esters, & alkanol-amides.
Palm Methyl Ester Derivatives Market Report Highlights
Palm methyl oleate segment led the global market share in 2022, mainly due to rising utilization of the product in wide range of applications including industrial cleaners and metals & precision metals
Palm kernel oil segment is expected to grow prominently during the anticipated period, which is driven by growth in the demand for soaps & detergents worldwide
Personal care & cosmetic segment held the significant market share in 2022, on account of widespread adoption of these products due to change in consumer lifestyles and increased disposable income
Asia Pacific region dominated the global market with majority share in 2022, owing to high burden of population and rapid growth in end-use industries including food & beverages and automotive
The global key market players include: Emery Oleochemicals, The Procter & Gamble Company, Carotino Group, Apical Group, and Wilmar International
Polaris Market Research has segmented the palm methyl ester derivatives market report based on product, source, end-use, and region:
Palm Methyl Ester Derivatives, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Palm Methyl Caprylate
- Palm Methyl Laurate
- Palm Methyl Myristate
- Palm Methyl Stearate
- Palm Methyl Oleate
- Palm Methyl Palmitate
- Palm Methyl Linoleate
- Others
Palm Methyl Ester Derivatives, Source Outlook (Revenue - USD Billion, 2019 - 2032)
- Crude Pam Oil
- Palm kernel Oil
Palm Methyl Ester Derivatives, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Soaps & Detergents
- Personal Care & Cosmetic Products
- Food & Beverages
- Lubricants & Additives
- Solvents
- Others
Palm Methyl Ester Derivatives, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Palm Methyl Ester Derivatives Market Insights
- 4.1. Palm Methyl Ester Derivatives Market - End-Use Snapshot
- 4.2. Palm Methyl Ester Derivatives Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising awareness regarding the health, wellness, and personal grooming
- 4.2.1.2. Consumer awareness regarding natural ingredients
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Fluctuation in palm oil prices
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Palm Methyl Ester Derivatives Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Palm Methyl Ester Derivatives Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 5.3. Palm Methyl Caprylate
- 5.3.1. Global Palm Methyl Ester Derivatives Market, by Palm Methyl Caprylate, by Region, 2019-2032 (USD Billion)
- 5.4. Palm Methyl Laurate
- 5.4.1. Global Palm Methyl Ester Derivatives Market, by Palm Methyl Laurate, by Region, 2019-2032 (USD Billion)
- 5.5. Palm Methyl Myristate, Palm Methyl Stearate
- 5.5.1. Global Palm Methyl Ester Derivatives Market, by Palm Methyl Myristate, Palm Methyl Stearate, by Region, 2019-2032 (USD Billion)
- 5.6. Palm Methyl Oleate
- 5.6.1. Global Palm Methyl Ester Derivatives Market, by Palm Methyl Oleate, by Region, 2019-2032 (USD Billion)
- 5.7. Palm Methyl Palmitate
- 5.7.1. Global Palm Methyl Ester Derivatives Market, by Palm Methyl Palmitate, by Region, 2019-2032 (USD Billion)
- 5.8. Palm Methyl Linoleate
- 5.8.1. Global Palm Methyl Ester Derivatives Market, by Palm Methyl Linoleate, by Region, 2019-2032 (USD Billion)
- 5.9. Others
- 5.9.1. Global Palm Methyl Ester Derivatives Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Palm Methyl Ester Derivatives Market, by Source
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 6.3. Crude Palm Oil
- 6.3.1. Global Palm Methyl Ester Derivatives Market, by Crude Palm Oil, by Region, 2019-2032 (USD Billion)
- 6.4. Palm Kernel Oil
- 6.4.1. Global Palm Methyl Ester Derivatives Market, by Palm Kernel Oil, by Region, 2019-2032 (USD Billion)
7. Global Palm Methyl Ester Derivatives Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Soaps & Detergents
- 7.3.1. Global Palm Methyl Ester Derivatives Market, by Soaps & Detergents, By Region, 2019-2032 (USD Billion)
- 7.4. Personal Care & Cosmetic Products
- 7.4.1. Global Palm Methyl Ester Derivatives Market, by Personal Care & Cosmetic Products, By Region, 2019-2032 (USD Billion)
- 7.5. Food & Beverages
- 7.5.1. Global Palm Methyl Ester Derivatives Market, by Food & Beverages, By Region, 2019-2032 (USD Billion)
- 7.6. Lubricants & Additives
- 7.6.1. Global Palm Methyl Ester Derivatives Market, by Lubricants & Additives, By Region, 2019-2032 (USD Billion)
- 7.7. Solvents
- 7.7.1. Global Palm Methyl Ester Derivatives Market, by Solvents, By Region, 2019-2032 (USD Billion)
- 7.8. Others
- 7.8.1. Global Palm Methyl Ester Derivatives Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Palm Methyl Ester Derivatives Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Palm Methyl Ester Derivatives Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Palm Methyl Ester Derivatives Market - North America
- 8.3.1. North America: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.3.2. North America: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.3.4. Palm Methyl Ester Derivatives Market - U.S.
- 8.3.4.1. U.S.: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.3.5. Palm Methyl Ester Derivatives Market - Canada
- 8.3.5.1. Canada: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4. Palm Methyl Ester Derivatives Market - Europe
- 8.4.1. Europe: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.4. Palm Methyl Ester Derivatives Market - UK
- 8.4.4.1. UK: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.5. Palm Methyl Ester Derivatives Market - France
- 8.4.5.1. France: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.6. Palm Methyl Ester Derivatives Market - Germany
- 8.4.6.1. Germany: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.7. Palm Methyl Ester Derivatives Market - Italy
- 8.4.7.1. Italy: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.8. Palm Methyl Ester Derivatives Market - Spain
- 8.4.8.1. Spain: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.9. Palm Methyl Ester Derivatives Market - Netherlands
- 8.4.9.1. Netherlands: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.4.10. Palm Methyl Ester Derivatives Market - Russia
- 8.4.10.1. Russia: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5. Palm Methyl Ester Derivatives Market - Asia Pacific
- 8.5.1. Asia Pacific: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5.4. Palm Methyl Ester Derivatives Market - China
- 8.5.4.1. China: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5.5. Palm Methyl Ester Derivatives Market - India
- 8.5.5.1. India: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5.6. Palm Methyl Ester Derivatives Market - Malaysia
- 8.5.6.1. Malaysia: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5.7. Palm Methyl Ester Derivatives Market - Japan
- 8.5.7.1. Japan: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5.8. Palm Methyl Ester Derivatives Market - Indonesia
- 8.5.8.1. Indonesia: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.5.9. Palm Methyl Ester Derivatives Market - South Korea
- 8.5.9.1. South Korea: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.6. Palm Methyl Ester Derivatives Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.6.4. Palm Methyl Ester Derivatives Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.6.5. Palm Methyl Ester Derivatives Market - UAE
- 8.6.5.1. UAE: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.6.6. Palm Methyl Ester Derivatives Market - Israel
- 8.6.6.1. Israel: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.6.7. Palm Methyl Ester Derivatives Market - South Africa
- 8.6.7.1. South Africa: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.7. Palm Methyl Ester Derivatives Market - Latin America
- 8.7.1. Latin America: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.7.4. Palm Methyl Ester Derivatives Market - Mexico
- 8.7.4.1. Mexico: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.7.5. Palm Methyl Ester Derivatives Market - Brazil
- 8.7.5.1. Brazil: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
- 8.7.6. Palm Methyl Ester Derivatives Market - Argentina
- 8.7.6.1. Argentina: Palm Methyl Ester Derivatives Market, by Product, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Palm Methyl Ester Derivatives Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Palm Methyl Ester Derivatives Market, by Source, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Wilmar International
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Emery Oleochemicals
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Hebei Jingu Plasticizer
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Musim Mas
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. The Procter & Gamble
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Ecogreen Oleochemicals
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Kao Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Carotino Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Peter Cremer
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. KLK OLEO
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. VVF LLC
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Asian Agri
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Apical Group
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Vantage Specialty
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Timur Oleochemicals
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. IOI Corporation Berhad
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Oleon
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development