Palm Methyl Ester Derivatives Market Global Industry Size, Share, Business Growth and Demand For Players: Wilmar International, Procter & Gamble, IOI Corporation Berhad, Musim Mas Group & VVF Group

Palm methyl ester derivatives market is projected to reach $2,106.7 million by 2024. The market growth is expected to be driven by high-volume demand for these chemicals in several chemical formulations such as soaps and detergents, personal care products and cosmetics, and agricultural products; and growth in disposable income across the Asia-Pacific (APAC) and Latin America (LATAM) region.

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The palm methyl ester derivatives market is segmented on basis of type, product, and application. Furthermore, the market is categorized by type into crude palm oil (CPO) and palm kernel oil (PKO). Among these, PKO is estimated to account for larger volume share in the market.

High oil content and its ability to provide beneficial properties and nutrients (antioxidants, Vitamin A and Vitamin K, and other unsaturated fats) to final product formulations are attributed to account for its high-volume demand.

Based on product, the palm methyl ester derivatives market is primarily classified into methyl caprylate, methyl laurate, methyl myristate, methyl palmitate, methyl stearate, methyl oleate, and methyl linoleate. In 2018, methyl oleate is estimated to generate the largest revenue share in the market.

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Some of the major players operating in the global palm methyl ester derivatives market are Wilmar International Ltd., The Procter & Gamble Company, IOI Corporation Berhad, Musim Mas Group, KLK Oleo, Emery Oleochemicals Group, VVF LLC, and Oleon NV.

A large number of companies operating in the market have their processing facilities of palm methyl ester derivatives in Indonesia and Malaysia or source their raw materials from these countries as these are the two major palm oil and its derivatives producers in the world.

GLOBAL PALM METHYL ESTER DERIVATIVES MARKET SEGMENTATION

By Type

• Crude Palm Oil (CPO)
• Palm Kernel Oil (PKO)

By Product

• Methyl Caprylate

o By application
 Solvents
 Agricultural products
 Lubricants and additives
 Food and beverages
 Personal care products and cosmetics
 Others

• Methyl Laurate
o By application
 Soaps and detergents
 Solvents
 Chemicals
 Personal care products and cosmetics
 Paints and inks
 Food and beverages
 Others

• Methyl Myristate
o By application
 Soaps and detergents
 Lubricants and additives
 Personal care products and cosmetics
 Others

• Methyl Palmitate
o By application
 Soaps and detergents
 Lubricants and additives
 Food and beverages
 Personal care products and cosmetics
 Others

• Methyl Stearate
o By application
 Soaps and detergents
 Lubricants and additives
 Food and beverages
 Personal care products and cosmetics
 Others

• Methyl Oleate
o By application
 Soaps and detergents
 Lubricants and additives
 Personal care products and cosmetics
 Solvents
 Others

• Methyl Linoleate
o By application
 Soaps and detergents
 Personal care products and cosmetics
 Solvents
 Food and beverages
 Others

• Others
By Application

• Soaps and Detergents
• Personal Care Products and Cosmetics
• Food and Beverages
• Lubricants and Additives
• Solvents
• Others

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