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 $2.6 billion by 2030 from $1.8 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 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.
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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 [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Lucintel
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