Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2000 Million | USD 5000 Million | 6.5% | 2022 |
FrequentlyAsked Questions
Palm methyl ester derivatives are a kind of oleo chemicals that are extracted from crude palm oil as well as palm kernel oil.
The global palm methyl ester derivatives market growth over forecast period can be owing to palm oil ester derivatives are utilized as viscous modifiers, emollients, and humectants.
According to a study, the global palm methyl ester derivatives industry size was $2000 million in 2022 and is projected to reach $5000 million by the end of 2030.
The global palm methyl ester derivatives market is anticipated to record a CAGR of nearly 6.5% from 2023 to 2030.
European palm methyl ester derivatives industry is set to register the fastest CAGR over the forecasting timeline subject to a rise in the demand for bio-based products in a slew of end-use sectors in countries such as Germany, the UK, Italy, Russia, and France. Moreover, the promotion of the use of environment-friendly fuels by various governments in Europe will drive the growth of the industry in the continent.
In addition to this, the large-scale acceptance of green products in European countries owing to strict EU directives on carbon emissions will proliferate the size of the industry in Europe over the coming years.
The global palm methyl ester derivatives market is led by players such as Emery Oleochemicals Group, IOI Corporation Berhad, The Procter & Gamble Company, KLK Oleo, Musim Mas Group, Hebei Jingu Plasticizer Company Limited, Wilmar International Limited, Oleon NV, and VVF LLC.
The global palm methyl ester derivatives market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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