The growing use of methyl oleate in a variety of industries, such as agrochemicals, lubricants, plasticizers, and cosmetics, is driving the market’s steady expansion, which is expected to reach a valuation of USD 1.8 billion globally in 2022. Based on projections, there is a moderate compound annual growth rate (CAGR) of approximately 4.5% from 2022 to 2032. It is estimated that total sales will reach approximately USD 2.45 billion by 2032. This upward trend highlights the growing need for methyl oleate and its essential function in numerous global industries.
Methyl oleate, a fatty acid methyl ester derived from oleic acid, has been gaining prominence across various industries due to its versatile applications and eco-friendly nature. With its unique properties such as high biodegradability, low toxicity, and excellent solvency, methyl oleate has emerged as a preferred choice in sectors ranging from cosmetics to lubricants.
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The global methyl oleate market has witnessed robust growth in recent years, propelled by increasing awareness regarding sustainable alternatives and stringent environmental regulations. Methyl oleate finds extensive usage as a solvent, emollient, lubricant, and surfactant in diverse industries including personal care, pharmaceuticals, agriculture, and automotive. Moreover, its compatibility with various formulations and favorable chemical properties have spurred its demand worldwide.
Key Growth Drivers:
- Rising Demand for Bio-based Products: Growing environmental concerns and the shift towards sustainable practices have fueled the demand for bio-based chemicals like methyl oleate.
- Expanding Personal Care Industry: Methyl oleate’s use in cosmetics, skincare, and hair care products due to its emollient and moisturizing properties has surged with the rising consumer preference for natural ingredients.
- Industrial Applications: Its effectiveness as a solvent and lubricant in industrial processes, coupled with its low toxicity, has led to increased adoption across multiple industries.
- Technological Advancements: Ongoing research and development activities aimed at enhancing the production efficiency and expanding the application scope of methyl oleate are further driving market growth.
Top Key Players in the Methyl Oleate Industry
- Tokyo Chemical Industry Co., Ltd.
- Lion Corporation
- KLK OLEO
- Croda International Plc
- Acme Synthetic Chemicals
- Tei-Tech Chemical Company Pty. Ltd.
- Hebei Jingu Plasticizer Co., Ltd.
- Victorian Chemical Co. Pty. Ltd.,
- Wilmar International Ltd.
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Key Segments Profiled in the Methyl Oleate Industry Survey
By Source:
- Palm Oil
- Canola Oil
- Soyabean Oil
- Others
By Grade:
- Methyl Oleate 99% Purity Grade
- Methyl Oleate 70% Purity Grade
By Application:
- Printing Inks
- Agrochemicals
- Metal Working Fluids
- Cleaning Chemical
- Lubricant
- Absorbent
- Plasticizer
- Cosmetics
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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