Palm Methyl Ester Derivatives Market Synopsis

Palm Methyl Ester Derivatives Market Size Was Valued at USD 1.7 Billion in 2023 and is Projected to Reach USD 2.9 Billion by 2032, Growing at a CAGR of 6.1% From 2024-2032.

Palm methyl ester derivatives are a class of chemical compounds that are produced via the esterification process from palm oil. Palm oil, derived from the fruit of the oil palm tree, is subjected to chemical transformations that result in the formation of methyl esters. These esters are subsequently subjected to additional modifications to yield a diverse array of derivatives. The industrial applications of these derivatives include personal care products, lubricants, surfactants, solvents, and plasticizers. Palm methyl ester derivatives are regarded as ecologically sustainable substitutes for compounds derived from petroleum due to their renewable and biodegradable characteristics. In addition to exhibiting exceptional performance attributes, they actively contribute to sustainability initiatives across diverse industries.

• Numerous personal care products, cleansers, detergents, lubricants, food and additives, and a variety of other applications are supported by these items. At present, a number of significant industry participants are transitioning to the use of palm-based raw materials in the production of diverse compounds, in response to a change in consumer preferences. It is anticipated that the development of numerous oleochemicals, including alcohols, glycerol, and other downstream chemicals, will be positively impacted by these factors.
• Increasing product demand from a diverse array of end-use sectors is anticipated to Be the primary demand driver throughout the period of forecast. An additional factor that is anticipated to contribute to the increased demand for personal care and home care products in the near future is the growing awareness of the value of natural ingredients contained in such products.

Palm Methyl Ester Derivatives Market Trend Analysis

Increasing Biofuel Demand

• The issue of fuel supply sustainability has garnered considerable global interest as a result of its expanded utilization across various sectors, the exhaustion of petroleum reserves, and the unpredictable nature of crude oil market valuations. As a result of numerous petrochemicals, the escalating emissions of hazardous pollutants and greenhouse gases have also contributed to environmental problems. Therefore, the utilization of renewable energy sources, such as biofuel, is critical. Its safety is complemented by the fact that it is biodegradable, non-toxic, and generates less air pollution per unit of net energy generated than petroleum fuel.
• Biofuels are practical alternatives to fossil fuels because they are produced from renewable natural resources. Palm-based biofuel is extensively utilized in internal combustion engines without requiring any engine modifications. In general, these substances are known as "methyl esters" and are produced via the "transesterification" method using palm oil. Methyl ester derived from palm contains less sulfur and carbon than conventional biofuels derived from petroleum, resulting in more eco-friendly vehicle emissions. The incorporation of palm methyl esters into fuel derived from rapeseed oil or soybean oil can increase the cetane index and oxidation stability.
• The International Energy Agency projects that the demand for biofuels will increase by 6%, or 9,100 MLPY, in 2022, relative to 2021. By virtue of advantageous policies implemented in the European Union and the United States, renewable diesel will comprise the majority of fuel consumption in 2021. Blending mandates and financial incentives support the rises in demand for biodiesel in Brazil and India, while Indonesia's 30% biodiesel blending mandate promotes the fuel's use there.
• The global demand for biofuels is projected to increase by 20%, or 35,000 MLPY, between 2022 and 2027, per the IEA's base case forecast. Emerging economies are increasingly adopting biofuel as a means to balance oil import reduction with domestic resource utilization, thereby stimulating the local economy. Government policies that are favorable to the increase in biofuel demand in developed nations are contributing to a rise in greenhouse gas emissions. Thus, the increasing demand for biofuel will ultimately contribute to the growth of the palm methyl ester derivative market over the period of forecast.

Global Application of Personal Care and Cosmetic Products

• The global application of personal care and cosmetic products is expanding. Palm methyl ester derivatives are extensively employed in the personal care and cosmetics industry due to their utilization as emulsifiers and lubricants in a wide range of cosmetic and personal care products. The expansion of the cosmetics and personal care industries will propel the palm methyl ester derivative market in the coming years. For example, according to data from the Cosmetics, Toiletry and Perfumery Association (CTPA), the European region experienced the greatest global demand for cosmetics in 2020, with Germany leading the way with US$ 16.25 billion, followed by France with US$ 13.35 billion, and the United Kingdom with US$ 11.37 billion. Similarly, according to data from Invest India for September 2021, Reliance retail will shortly begin selling cosmetic products online in response to the explosive growth of the cosmetics market in India. This rapid expansion in the use of personal care and cosmetics products will propel market expansion over the forecast period.

Palm Methyl Ester Derivatives Market Segment Analysis:

Palm Methyl Ester Derivatives Market Segmented based on Product, and Application.

By Application, personal care and cosmetics segment is expected to dominate the market during the forecast period

• The market is segmented according to application into the following categories: personal care and cosmetics, lubricants and additives, biofuel, textile treatments, paints and coatings, and agriculture, among others. The palm methyl ester derivative industry was dominated by the personal care and cosmetics sector in 2021, and it is anticipated that this sector will experience the most rapid growth from 2022 to 2030. The reason for this is the exponential growth in the personal care and cosmetics sector's need for ester-based surfactants. The European cosmetics and personal care industry is estimated by the Cosmetic Europe Association to be worth €80 billion (USD 85.95 billion) in 2021, based on retail sales. This figure places Europe alongside the United States, which is the largest market for cosmetic products worldwide. An estimated €29 billion is contributed annually to the European economy by the cosmetics and personal care industry. The supplier chain contributes an additional €18 billion, or €11 billion, indirectly, to the cosmetics industry. The expanding use of palm methyl ester derivatives in a variety of end-use sectors will therefore have a positive effect on the market.

By Product type, methyl oleate segment held the largest share of XX% in 2023

• According to product, the market for palm methyl ester derivatives is comprised of the following: methyl caprylate, methyl laurate, methyl myristate, methyl palmitate, methyl stearate, methyl oleate, and methyl linoleate. In 2021, the methyl oleate segment dominated the revenue of the Palm Methyl Ester Derivative Market. This is predominantly due to the fact that the increasing global demand for biodiesels will ultimately lead to a rise in methyl oleate prices, thus fostering the growth of the palm methyl ester derivative market. For example, the International Energy Agency projects that annual global biodiesel production will increase by 11,288 million liters between 2021 and 2027, from its current level of approximately 45,712 million liters.Increasing adoption of environmentally friendly products as a result of reduced carbon emissions will spur the development of palm methyl ester derivatives containing methyl oleate over the forecast period.

Palm Methyl Ester Derivatives Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The palm methyl ester derivative market in Asia-Pacific is projected to grow at a substantial CAGR throughout the study period and will hold the largest market share in 2021. The expansion can be ascribed to the proliferation of sustainable products and the establishment of manufacturing facilities in the area, according to market data.
• China is one of the largest manufacturing centers for a wide range of products, including biofuels, cosmetics, lubricants, agricultural products, soaps & detergents, and many others. As an illustration, the palm methyl ester derivative market in China is the most rapidly expanding market. In 2021, China is projected to produce approximately 1.7 billion liters of biodiesel, an increase of over 54% from 2020 attributed to robust exports, as reported by the United States Department of Agriculture. Asia-Pacific is therefore anticipated to experience the highest rate of development between 2024 and 2032, according to projections.

Active Key Players in the Palm Methyl Ester Derivatives Market

• Musim Mas
• KLK Oleo
• Emery Oleochemicals Group
• Carotino Group
• Apical Group
• Asian Agri
• Ecogreen Oleochemicals
• Oleon NV
• VVF LLC
• Kao Corporation
• Other Key Players

Key Industry Developments in the Palm Methyl Ester Derivatives Market:

• In April 11, 2023, KLK Emmerich GmbH (KLKE), a subsidiary of Kuala Lumpur Kepong Berhad (KLK) under KLK OLEO, completed the acquisition of a controlling stake in Temix Oleo SpA. The acquisition, finalized after securing all necessary approvals and meeting customary conditions, aligns with KLK OLEO’s strategy to diversify products, enhance customer access, and strengthen European operations. CEO Uwe Halder welcomed the Temix Oleo team.
• In April 2023, Emery Oleochemicals, a global leader in natural-based specialty chemicals, introduced INFIGREEN® 420R, a recycled content polyester polyol made from post-industrial waste. This polyol, 50% USDA BioPreferred® certified biobased, features autocatalytic properties, and offers excellent mechanical and hydrolytic resistance.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. PALM METHYL ESTER DERIVATIVES MARKET BY PRODUCT TYPE (2017-2032)
   1. PALM METHYL ESTER DERIVATIVES MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. METHYL CAPRYLATE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. METHYL LAURATE
   5. METHYL MYRISTATE
   6. METHYL PALMITATE
   7. METHYL STEARATE
   8. METHYL OLEATE
   9. METHYL LINOLEATE
7. PALM METHYL ESTER DERIVATIVES MARKET BY APPLICATION (2017-2032)
   1. PALM METHYL ESTER DERIVATIVES MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SOAP AND DETERGENT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PERSONAL CARE AND COSMETICS
   5. LUBRICANTS AND ADDITIVES
   6. BIOFUEL
   7. TEXTILE TREATMENTS
   8. PAINTS AND COATINGS
   9. AGRICULTURE
   10. OTHERS
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Palm Methyl Ester Derivatives Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. MUSIM MAS
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. KLK OLEO
   4. EMERY OLEOCHEMICALS GROUP
   5. CAROTINO GROUP
   6. APICAL GROUP
   7. ASIAN AGRI
   8. ECOGREEN OLEOCHEMICALS
   9. OLEON NV
   10. VVF LLC
   11. KAO CORPORATION
9. GLOBAL PALM METHYL ESTER DERIVATIVES MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Product Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PALM METHYL ESTER DERIVATIVES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PALM METHYL ESTER DERIVATIVES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PALM METHYL ESTER DERIVATIVES MARKET COMPETITIVE RIVALRY
TABLE 005. PALM METHYL ESTER DERIVATIVES MARKET THREAT OF NEW ENTRANTS
TABLE 006. PALM METHYL ESTER DERIVATIVES MARKET THREAT OF SUBSTITUTES
TABLE 007. PALM METHYL ESTER DERIVATIVES MARKET BY TYPE
TABLE 008. CRUDE PALM OIL (CPO) MARKET OVERVIEW (2016-2028)
TABLE 009. PALM KERNEL OIL (PKO) MARKET OVERVIEW (2016-2028)
TABLE 010. PALM METHYL ESTER DERIVATIVES MARKET BY APPLICATION
TABLE 011. FATTY ALCOHOLS MARKET OVERVIEW (2016-2028)
TABLE 012. PERSONAL CARE & COSMETICS MARKET OVERVIEW (2016-2028)
TABLE 013. FOOD MARKET OVERVIEW (2016-2028)
TABLE 014. LUBRICANT & ADDITIVES MARKET OVERVIEW (2016-2028)
TABLE 015. SOLVENT/CO-SOLVENT MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA PALM METHYL ESTER DERIVATIVES MARKET, BY TYPE (2016-2028)
TABLE 017. NORTH AMERICA PALM METHYL ESTER DERIVATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 018. N PALM METHYL ESTER DERIVATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE PALM METHYL ESTER DERIVATIVES MARKET, BY TYPE (2016-2028)
TABLE 020. EUROPE PALM METHYL ESTER DERIVATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 021. PALM METHYL ESTER DERIVATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC PALM METHYL ESTER DERIVATIVES MARKET, BY TYPE (2016-2028)
TABLE 023. ASIA PACIFIC PALM METHYL ESTER DERIVATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 024. PALM METHYL ESTER DERIVATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA PALM METHYL ESTER DERIVATIVES MARKET, BY TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA PALM METHYL ESTER DERIVATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 027. PALM METHYL ESTER DERIVATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA PALM METHYL ESTER DERIVATIVES MARKET, BY TYPE (2016-2028)
TABLE 029. SOUTH AMERICA PALM METHYL ESTER DERIVATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 030. PALM METHYL ESTER DERIVATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 031. CREMER: SNAPSHOT
TABLE 032. CREMER: BUSINESS PERFORMANCE
TABLE 033. CREMER: PRODUCT PORTFOLIO
TABLE 034. CREMER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. CAROTINO GROUP: SNAPSHOT
TABLE 035. CAROTINO GROUP: BUSINESS PERFORMANCE
TABLE 036. CAROTINO GROUP: PRODUCT PORTFOLIO
TABLE 037. CAROTINO GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. ECOGREEN OLEOCHEMICALS: SNAPSHOT
TABLE 038. ECOGREEN OLEOCHEMICALS: BUSINESS PERFORMANCE
TABLE 039. ECOGREEN OLEOCHEMICALS: PRODUCT PORTFOLIO
TABLE 040. ECOGREEN OLEOCHEMICALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. VVF: SNAPSHOT
TABLE 041. VVF: BUSINESS PERFORMANCE
TABLE 042. VVF: PRODUCT PORTFOLIO
TABLE 043. VVF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. VANTAGE: SNAPSHOT
TABLE 044. VANTAGE: BUSINESS PERFORMANCE
TABLE 045. VANTAGE: PRODUCT PORTFOLIO
TABLE 046. VANTAGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. TIMUR OLEOCHEMICALS: SNAPSHOT
TABLE 047. TIMUR OLEOCHEMICALS: BUSINESS PERFORMANCE
TABLE 048. TIMUR OLEOCHEMICALS: PRODUCT PORTFOLIO
TABLE 049. TIMUR OLEOCHEMICALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. PMC BIOGENIX: SNAPSHOT
TABLE 050. PMC BIOGENIX: BUSINESS PERFORMANCE
TABLE 051. PMC BIOGENIX: PRODUCT PORTFOLIO
TABLE 052. PMC BIOGENIX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. PACIFIC OLEOCHEMICALS: SNAPSHOT
TABLE 053. PACIFIC OLEOCHEMICALS: BUSINESS PERFORMANCE
TABLE 054. PACIFIC OLEOCHEMICALS: PRODUCT PORTFOLIO
TABLE 055. PACIFIC OLEOCHEMICALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. JINGU GROUP: SNAPSHOT
TABLE 056. JINGU GROUP: BUSINESS PERFORMANCE
TABLE 057. JINGU GROUP: PRODUCT PORTFOLIO
TABLE 058. JINGU GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. WILMAR: SNAPSHOT
TABLE 059. WILMAR: BUSINESS PERFORMANCE
TABLE 060. WILMAR: PRODUCT PORTFOLIO
TABLE 061. WILMAR: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY TYPE
FIGURE 012. CRUDE PALM OIL (CPO) MARKET OVERVIEW (2016-2028)
FIGURE 013. PALM KERNEL OIL (PKO) MARKET OVERVIEW (2016-2028)
FIGURE 014. PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY APPLICATION
FIGURE 015. FATTY ALCOHOLS MARKET OVERVIEW (2016-2028)
FIGURE 016. PERSONAL CARE & COSMETICS MARKET OVERVIEW (2016-2028)
FIGURE 017. FOOD MARKET OVERVIEW (2016-2028)
FIGURE 018. LUBRICANT & ADDITIVES MARKET OVERVIEW (2016-2028)
FIGURE 019. SOLVENT/CO-SOLVENT MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA PALM METHYL ESTER DERIVATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)