Palm Methyl Ester Market for Bio-fuel, Food, Lubricants, Surfactants, Agriculture, Solvents, Polymers, Metal Working Fluids and Others Trends and Forecast, 2015 – 2021

Palm Methyl Ester Market for Bio-fuel, Food, Lubricants, Surfactants, Agriculture, Solvents, Polymers, Metal Working Fluids and Others Trends and Forecast, 2015 – 2021

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According to the report, global demand for palm methyl ester market was valued at over USD 4.56 billion in 2015, is expected to reach above USD 6.45 billion in 2021 and is anticipated to grow at a CAGR of slightly above 5.10% between 2016 and 2021.Palm methyl ester is aliphatic organic esters derived from palm oil. Palm oil is first cut down to methyl ester with methanol as a catalyst. As it is not possible to use palm oil directly owing to its high viscosity, they are converted to palm methyl esters. Palm methyl ester is the base material for bio fuels and can be used as lubricants in the automotive sector.

 

According to the report, global demand for palm methyl ester market was valued at over USD 4.56 billion in 2015, is expected to reach above USD 6.45 billion in 2021 and is anticipated to grow at a CAGR of slightly above 5.10% between 2016 and 2021.

Palm oil is one of majorly consumed oil in several regions across the globe. However, palm oil possesses high viscosity, therefore, cannot be used directly as engine oil. Henceforth, they are reacted with methanol to form methyl esters. In recent times, palm methyl esters act as the substitute for conventional fuels. As palm methyl esters are the base material for producing bio fuels. This factor is likely to reinforce the growth of palm methyl ester market in near future.

The increasing trend for eco-friendly fuel is likely to drive the palm methyl ester market. Moreover, rising demand from end-user industry such as food industry, lubricant agriculture is expected to trigger the growth of palm methyl ester market in the coming years. Growing industrial sector is expected to aid the growth of palm methyl ester market in the coming years. High accomplishment from the government for use of bio-based fuel is predicted to bloom the palm methyl ester market in the forecast period. However, environment concerns regarding plantation of palm may impede the growth of the palm methyl ester market. Nevertheless, ongoing research for exploiting properties and untapped opportunities of palm methyl ester is likely to positively impact on palm methyl ester market in the coming years.

Global-Palm-methyl-ester-Market

Several applications for palm methyl ester are biofuel, food, lubricants, surfactants, agriculture, solvents, polymers, metal working fluids and others. Lubricants and biofuel were the leading segment of the palm methyl ester market in 2015. Various agencies such as EPA, UNEP, and WNO are practicing to encourage the consumption of renewable fuel which is expected to shore up the growth of palm methyl esters market in near future. Growing awareness for eco-friendly and efficient fuel is likely to boost the biofuel market which will result in the high growth of palm methyl ester market in coming years.

Asia Pacific governed the palm methyl ester market in 2015 with 56% of the total market share. This is mainly attributed to the presence of abundant raw material especially in India. Asia-Pacific is the major consumer for palm oil, as it is majorly used as emulsifiers in the food industry and lubricants in the automotive sector in various regions of Asia Pacific. Escalating investment in bio fuels by Europe is likely to boost the bio fuel market which in turn is expected to spur the growth of palm methyl ester in the forecast period. The Middle East and Africa is witnessing predominant growth for the palm methyl ester in recent times and is to gain traction in the forecast period. Huge usage of palm methyl ester in surfactants along with utilization of palm methyl ester as lubricants in the agricultural industry is likely to brisk the growth of palm methyl ester market in coming years. Increasing government initiatives to uphold the eco-friendly development in the manufacturing sectors is expected to aid the growth of palm methyl ester market in this region. Latin America is likely to witness decent growth in the forecast period.

Some of the global major players in the palm methyl ester are OnBiz Enterprise, PG Worldwide Trade SDN BHD, Pure Diesel Co. Ltd., RITS, Bioinvent Sdn Bhd., LOL Oleochemicals Sdn. Bhd., International Source, AM Biofuels Sdn Bhd., Natural Fuel PTE Ltd., Green and Natural Sdn Bhd., Agricode Bio-Technology Pte Ltd., and Alternative Fuels Holdings Sdn Bhd among others.

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global market revenue, 2015 – 2021(Kilo Tons)(USD Billion)
    • 2.2. Global palm methyl ester market: Snapshot
  • Chapter 3. Palm methyl ester Market – Global and Industry Analysis
    • 3.1. Palm methyl ester : Market dynamics
    • 3.2. Market drivers
      • 3.2.1. Drivers of global palm methyl ester market: Impact analysis
      • 3.2.2. Sharp rise in demand of bio fuel
    • 3.3. Market restraints
      • 3.3.1. Restraints of global palm methyl ester market: Impact analysis
    • 3.4. Opportunities
      • 3.4.1. Growing application
      • 3.4.2. Ongoing research for untapped opportunities
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by application segment
      • 3.6.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Palm Methyl Ester Market – Competitive Landscape
    • 4.1. Company market share, 2015 (Subject to Data Availability)
      • 4.1.1. Global palm methyl ester market : company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  • Chapter 5. Global Palm Methyl Ester Market – Application Analysis
    • 5.1. Global palm methyl ester market: application overview
      • 5.1.1. Global palm methyl ester market revenue share, by application , 2015 – 2021
    • 5.2. Bio-fuel
      • 5.2.1. Global palm methyl ester market, for bio-fuel, 2015 – 2021 (Kilo Tons)(USD Billion)
    • 5.3. Food
      • 5.3.1. Global palm methyl ester market, for food, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.4. Lubricants
      • 5.4.1. Global palm methyl ester market, for lubricants, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.5. Surfactants
      • 5.5.1. Global palm methyl ester market, for surfactants, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.6. Agriculture
      • 5.6.1. Global palm methyl ester market, for agriculture, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.7. Solvents
      • 5.7.1. Global palm methyl ester market, for solvents, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.8. Polymers
      • 5.8.1. Global palm methyl ester market, for polymers, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.9. Metal Working Fluids
      • 5.9.1. Global palm methyl ester market, for metal working fluids, 2015 – 2021(Kilo Tons)(USD Billion)
    • 5.10. Other
      • 5.10.1. Global palm methyl ester market, by other application, 2015 – 2021 (Kilo Tons)(USD Billion)
  • Chapter 6. Global Palm Methyl Ester Market – Regional Analysis
    • 6.1. Global palm methyl ester market: Regional overview
      • 6.1.1. Global palm methyl ester market revenue share by region, 2015 – 2021
    • 6.2. North America
      • 6.2.1. North America palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
    • 6.6. Middle East and Africa
      • 6.6.1. Middle East and Africa palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
  • Chapter 7. Company Profile
    • 7.1. OnBiz Enterprise
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. PG Worldwide Trade SDN BHD
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Pure Diesel Co. Ltd.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. RITS
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. Bioinvent Sdn Bhd
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. LOL Oleochemicals Sdn. Bhd
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. International Source
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. AM Biofuels Sdn Bhd.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Natural Fuel PTE Ltd.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments
    • 7.10. Green and Natural Sdn Bhd
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product portfolio
      • 7.10.4. Business strategy
      • 7.10.5. Recent developments
    • 7.11. Agricode Bio-Technology Pte Ltd
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product portfolio
      • 7.11.4. Business strategy
      • 7.11.5. Recent developments
    • 7.12. Alternative Fuels Holdings Sdn Bhd
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product portfolio
      • 7.12.4. Business strategy
      • 7.12.5. Recent developments

List of Figures

1. Palm methyl ester market segmentation
2. Global palm methyl ester market revenue, 2015 – 2021 (Kilo Tons)(USD Billion)
3. Palm methyl ester : Market attractiveness analysis, by application  segment
4. Palm methyl ester : Market attractiveness analysis, by regional segment
5. Global Palm methyl ester Market : Company Market Share, 2015
6. Global palm methyl ester market revenue share by application , 2015 – 2021
7. Global palm methyl ester market, for bio-fuel, 2015 – 2021 (Kilo Tons)(USD Billion)
8. Global palm methyl ester market, for food, 2015 – 2021(Kilo Tons)(USD Billion)
9. Global palm methyl ester market, for lubricants, 2015 – 2021(Kilo Tons)(USD Billion)
10. Global palm methyl ester market, for surfactants, 2015 – 2021(Kilo Tons)(USD Billion)
11. Global palm methyl ester market, for agriculture, 2015 – 2021(Kilo Tons)(USD Billion)
12. Global palm methyl ester market, for solvents, 2015 – 2021(Kilo Tons)(USD Billion)
13. Global palm methyl ester market, for polymers, 2015 – 2021(Kilo Tons)(USD Billion)
14. Global palm methyl ester market, for metal working fluids, 2015 – 2021(Kilo Tons)(USD Billion)
15. Global palm methyl ester market, by other application, 2015 – 2021 (Kilo Tons)(USD Billion)
16. Global palm methyl ester market revenue share by region, 2015 – 2021


List of Tables

1. Global palm methyl ester market estimates and forecast, 2015 – 2021 (Kilo Tons)(USD Billion)
2. Global palm methyl ester market, by region, 2015 – 2021 (Kilo Tons)(USD Billion)
3. Global palm methyl ester market, by application, 2015 – 2021 (Kilo Tons)(USD Billion)
4. Palm methyl ester – Key market driver analysis
5. Palm methyl ester – Key market restraint analysis
6. North America palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
7. Europe palm methyl ester market revenue, by application mode, 2015 – 2021 (Kilo Tons)(USD Billion)
8. Asia Pacific palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
9. Latin America palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)
10. Middle East and Africa palm methyl ester market revenue, by application , 2015 – 2021 (Kilo Tons)(USD Billion)

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