Press release
Oleate Esters Market - Global Industry Analysis 2016 - 2024
oleate esters market
According to Transparency Market Research (TMR), the opportunity in the global market for oleate esters, which stood at US$1.4 bn in 2015, is likely to rise at a CAGR of 4.80% between 2016 and 2024 and increase to US$2.2 bn by 2024. The shipment volume of oleate esters across the world is predicted to expand at a CAGR of 4.10% over the same time period.
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Ethyl Oleate to Continue Witnessing Strong Demand
Methyl oleate, ethyl oleate, butyl oleate, and tri-methylolpropane trioleate (TMPTO) have emerged as the main products available in the global market for oleate esters. Among these, the demand for ethyl oleate has been higher, owing to its extensive usage in the formulations of lubricants. The segment is projected to retain its dominance expanding at a CAGR of 5.10% throughout the forecast period.
On the other hand, the demand for methyl oleate and TMPTO is anticipated to decline over the next few years. Butyl oleate, however, is projected to maintain a stable rise in its demand in the years to come.
Asia Pacific to Retain its Lead in Global Oleate Esters Market
The Middle East and Africa, Europe, North America, Latin America, and Asia are the key regional markets for oleate esters. Thanks to the rising industrialization, Asia Pacific has emerged as the leading contributor to the overall market. Researchers expect this regional market to continue its leading streak over the forecast period. The easy availability of raw materials for oleate esters, the presence of well-established production units, and the continued increase in research and development activities are likely to boost the Asia Pacific market for oleate esters in the years to come.
North America and Europe are also registering a significant rise in their respective markets for oleate esters due to the presence of several large production facilities. The growing number of industries is also propelling this market in these regions. Over the next few years, the rising consumption of personal care products is expected to stimulate the market for oleate esters in North America, whereas, the augmenting demand for organic esters will support the Europe market for oleate Esters.
Emery Oleochemicals, Kuala Lumpur Kepong Berhad (KLK), Ecogreen OleochemicalsTATA Global Oleate Esters Ltd., Kowa India Pvt. Ltd., Kao Corp., Acme Chem, CHS Endüstriyel Ürünler San. ve Tic. A.?., Mohini Organics Pvt. Ltd., Hebei Jingu Plasticizer Co. Ltd, Italmatch Chemicals S.p.A., Croda International Plc Huntsman International LLC, Procter & Gamble, Victorian Chemical Company Pty Ltd., and Wilmar International Ltd. are some of the leading vendors of oleate esters across the world.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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