Rising Demand for Biodiesel Fuels Palm Methyl Ester Derivatives Industry Growth

The palm methyl ester derivatives industry is projected to rise in the coming years. APAC is projected to experience the fastest industry growth in the near future. It is led by rise in the manufacturing facilities, ascribed to massive beauty and personal care products demand in the region, including huge end-formulation products demand, owing to rising middle class population.

Presently, the customer preference is shifting toward the natural personal care products developed from chemically synthesized products led by long term benefits for skin. It boosts the organic products production in the personal care industry and results in surging use of palm oil derivatives in hair care, skin care, and beauty products.

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Presently, the personal care sector has experienced a massive growth more specifically in the emerging economies of the APAC and LATAM regions, owing to the rising disposable income, growing skin care awareness, and organic products adoption.

The palm oil derivatives are used as humectants, emollients, and viscosity modifiers. Such properties propel the palm oil derivatives adoption. Palm oil and derivatives, including stearin and olein are utilized as precursors in the beauty products manufacturing. The massive availability, and palm oil and its derivative suitability used as a feedstock for personal care products is projected to fuel the industry demand.

The rising R&D activities on biodiesel production from palm oil derivatives, which produces energy efficiently and have lower environmental impact. Moreover, the possible palm oil commercial adoption in biodiesel production, led by easy feedstock availability, less product price, and efficient performance of blends and biodiesels.

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APAC holds the extensive share of the industry, and it is projected to retain its position in the coming future, led by massive availability of feedstock, coupled with lesser manufacturing cost, and increasing beauty and personal care products demand.

Therefore, the rising demand for palm methyl ester derivatives is led by its usage in the biodiesel production.

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Biodiesel Industry Report - https://www.psmarketresearch.com/press-release/biodiesel-market

Fatty Acid Esters Industry Report - https://www.psmarketresearch.com/press-release/fatty-acid-esters-market

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