PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269695
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269695
Global Palm Methyl Ester Derivatives Market is valued at approximately USD 1.79 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3 % over the forecast period 2022-2029. Biodiesel (methyl esters) is defined as a clean alternative fuel which is mainly derived from renewable resources. Palm oil and other vegetable-based oils are mainly used as feedstock for biodiesel production. Moreover, derivatives of palm Methyl Ester have application in a wide range of industries such as chemical intermediates in surfactants including soaps & detergents. The increasing expansion of the soap & detergent industry worldwide and shifting consumer preferences for natural materials are key factors driving the market growth.
The increasing expansion of the soap & detergent industry is contributing towards the growth of the Global Palm Ester Derivatives Market. For instance - as per Statista - as of 2019, the global laundry detergent market was valued at USD 120 billion, and the market is further projected to reach USD 180 billion by 2026. Also, rising demand for food emulsifiers as well as high demand from the personal care and cosmetic industry would create a lucrative growth prospectus for the market over the projected period. However, the limited availability of raw materials and concern over deforestation for palm tree framing hinder the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Palm Methyl Ester Derivatives Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand for organic ingredient-based products as well as the presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising expansion of a wide range of industries, such as food and beverage, personal care, biodiesel, and lubricants and availability of low-cost raw materials in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable