Sales of Oleate Esters Is Projected to Reach Valuation of US$ 3.3 Billion by 2032
Newly-released Oleate Esters Market analysis report by Fact.MR shows that global sales of Oleate Esters Market in 2021 were held at US$ 1.8 Bn. Oleate Esters Market is projected to reach valuation of US$ 3.3 Bn, expanding at a CAGR of 5.8% by 2032.
Lubricants is expected to be the highest revenue-generating application, with a projected CAGR of over 7.3% during 2022 – 2032.
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Based on the product type, methyl oleate segment is touted to garner significant gains in the coming years. Methyl oleate is a fatty acid methyl ester made by the formal condensation of methanol and oleic acid. It is generally present in liquid form and is insoluble in water. The product is extensively used in lubricants, agricultural chemicals, water treatment products, personal care products, and more.
Ethyl oleate segment, on the other hand, is projected to gain substantial returns over the ensuing years. This can be credited to the soaring consumption of ethyl oleate owing to its property of high solvency, making it useful in a diverse range of applications and in various formulations.
In terms of application, oleate esters are used in lubricants due to their attributes like stability, renewability, and biodegradability. A subtle rise in the rate of industrialization and the growing number of automotive industries would further drive the use of oleate esters in lubricants in the ensuing years.
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Competitive Analysis
The nature of the market is said to alter on a regular basis as a result of changes in the methods used to produce oleate esters. The number of firms operating in the oleate esters market may grow in the coming years.
Some of the recent developments of key Oleate Esters providers are as follows:
- In January 2021, Emery Oleochemicals increased its distribution agreement with Omya Inc. Omya’s North America company will provide technical help and support to Emery’s Green Polymer Additives (GPA) products, including release agents, lubricants, specialty plasticizers, antistatic and antifogging agents, to both new and current customers in the United States.
- In May 2020, Kao Corporation finished the new facility of its joint venture firm PT Apical Kao Chemicals, in Sumatra, Indonesia.
- In January 2020, Ineos Chemicals Holdings Luxembourg S.A. completed the purchase of Wilmar France Holdings S.A.S., an indirect wholly-owned subsidiary of Wilmar that owns and operates an ethoxylation plant in Lavera, France, by Wilmar International Limited and Ineos Oxide.
- In October 2019, Emery Oleochemicals GmbH inked a new distribution deal with IMCD Nordic. Emery’s Green Polymer Additives business unit’s natural-based lubricants, releasing agents, antistatic and antifogging agents, and specific plasticizers will be distributed and supported by IMCD Nordic.
Key Companies Profiled:
- P&G Chemicals
- Wilmar International Ltd.
- Kao Corporation
- Emery Oleochemicals
- Victorian Chemical Company
- Italmatch Chemical S.p.A.
- Croda International Plc.
- INEOS Group
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Market Segments Covered :
- By Type :
- Ethyl Oleate
- Methyl Oleate
- Butyl Oleate
- Trimethylolpropane Trioleate
- By Application :
- Lubricants
- Plasticizers
- Agrochemicals
- Cosmetics
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
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