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Oleate Esters Market 2019-2025: Leading Key Players Croda International plc, Acme Synthetic Chemicals, The Victorian Chemical Company, Ecogreen Oleochemicals
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It has liquid form and used in lubricants and its related additives, plating agents, and surface treating agents. Butyl oleate is a fatty acid ester obtained by the condensation of oleic acid with butan-1-ol; and is a yellow liquid with mild odor. Its industry applications include anti-adhesive agents, plasticizers, lubricants and lubricant additives, paint and coatings additives, etc. The others segment comprises of decyl oleate, trimethylpropane trioleate (TMPTO), etc.
Based on application, oleate esters market is classified into lubricants, plasticizers, agricultural chemicals, personal care products and others. In agricultural industry, they are used as a solvent and oil carrier in the formation of agrochemicals. They are used as a plasticizer for natural and synthetic rubbers & defoamers. In personal care products, they are used to control viscosity as well as for improving the texture, performance and fragrance.
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The Asia Pacific region will capture a significant share in oleate esters market owing to rapid industrialization trends. China and India are the leading players in regional agrochemicals industry and demand for pesticides & fertilizers will continue to remain on higher side.
The above mentioned trends will assist the global market growth. North America and Europe will show steady growth in oleate esters market due to progressions in lubricant industry. Thriving aerospace and automotive industry in both these regions will accelerate the pace of lubricant demand and will trigger the market growth in future.
Some of the key players in the market are Croda International plc, Acme Synthetic Chemicals, The Victorian Chemical Company, Ecogreen Oleochemicals, Procter & Gamble, Emery Oleochemicals, Kuala Lumpur Kepong Berhad, Cayman Chemical Company and others.
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