© 2016 Global Market Insights, Inc. USA. All Rights Reserved Palm Methyl Ester Derivatives Market Size will witness a rapid growth to 2025

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Palm Methyl Ester Derivatives Market size will experience a substantial growth from 2019 to 2025 owing to its increasing use in personal care and detergents industry. Methyl esters are kind of fatty acids produced by alkali-catalyzed reaction in between fatty acids (or fats) and methanol. Palm oil-based derivatives of methyl esters are increasing in demand owing to their intrinsic properties offered by their base vegetable oil.  Global personal care and cosmetics market has been observing a steady rise in past few years. In 2017, it was reported over USD 200 billion in global sales. The global cosmetics market has grown from 2.9% in 2008 to about 5% in It is indicative of the growing cosmetics industry, mainly due to wide customer base (including both, men & women) and growing e-commerce sector, which is pushing cosmetics sales in previously limited geographical markets. As the cosmetics industry grows, it will propel the product demand over the forecast period. Key Insights Palm Methyl Ester Derivatives Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued…  The palm methyl ester derivatives market is segmented based on the type of derivatives It mainly includes methyl linoleate, methyl laurate, methyl palmitate, methyl caprylate, methyl myristate, methyl palmitate, methyl stearate, methyl oleate, and others. Methyl oleate is likely to have a considerable share in the coming years. It is owing to methyl oleate’s role in various processes for manufacturing a number of products for various end-user industries. Methyl oleate is used as defoamer and solvent in the production of inks and coatings. It is also used as a lubricant for metalworking. It acts as an emulsifier, degreaser, and solvent in laundry and household cleaning products. These utility characteristics shall significantly propel palm methyl ester derivatives demand over the forecast timeframe.  Application segments of the palm methyl ester derivatives market include detergents, antioxidants, emulsifiers, wetting agents, stabilizers, waxes, and others. Palm methyl ester derivatives are used in a variety of applications for various chemical processes. The detergents and soap application segment are likely to have a larger share soon.

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Major Companies Palm Methyl Ester Derivatives Market: P&G Chemicals Wilmar International Timur olechemicals UNIVAR USA INC Godrej KLK Oleo

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific will be a significant region, for palm methyl ester derivatives market growth in the coming years. Owing to rapid industrialization in Asia Pacific, the disposable income of consumers is steadily growing. The increased spending capacity coupled with increasing penetration of soap and detergent use for specifically personal hygiene purposes will be a leading factor for fueling product demand in the region.  Additionally, the growing industrialized areas of the region will need a greater amount of cleaning products for everyday operations. This factor will also govern the product demand in the coming years. The mentioned developments will cumulatively play a vital role in positively influencing product demand in the region over the forecast timeframe. Regional Insights Palm Methyl Ester Derivatives Market:

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