How Does Environment Concerns Boost Palm Methyl Ester Derivatives Industry?

The palm methyl ester derivatives industry is projected to rise in the coming years. APAC is projected to experience the fastest industry growth in the near future. It is led by rise in the manufacturing facilities, ascribed to massive beauty and personal care products demand in the region, including huge end-formulation products demand, owing to rising middle class population.

Presently, the customer preference is shifting toward the natural personal care products developed from chemically synthesized products led by long term benefits for skin. It boosts the organic products production in the personal care industry and results in surging use of palm oil derivatives in hair care, skin care, and beauty products.

Presently, the personal care sector has experienced a massive growth more specifically in the emerging economies of the APAC and LATAM regions, owing to the rising disposable income, growing skin care awareness, and organic products adoption.

The palm oil derivatives are used as humectants, emollients, and viscosity modifiers. Such properties propel the palm oil derivatives adoption. Palm oil and derivatives, including stearin and olein are utilized as precursors in the beauty products manufacturing. The massive availability, and palm oil and its derivative suitability used as a feedstock for personal care products is projected to fuel the industry demand.

The increasing palm oil-based biodiesel commercial adoption is considered as a major opportunity for industry players to grow. There has been a quick shift from traditional energy resources to renewable sources, which significantly has lesser impact on environment.

Biodiesel is a non-polluting fuel, derived from the vegetable oils’ fatty acid methyl esters, including palm oil and rapeseed oil, that massively produces energy and have lesser impact on environment compare to diesel fuels.

The rising R&D activities on biodiesel production from palm oil derivatives, which produces energy efficiently and have lower environmental impact. Moreover, the possible palm oil commercial adoption in biodiesel production, led by easy feedstock availability, less product price, and efficient performance of blends and biodiesels.

The palm kernel oil captures the substantial revenue share in the industry. It is used a raw material for final formulations manufacturing of pharmaceuticals, detergents, food and beverages, and other medium-chain fatty alcohol-based substances. It is led by antioxidants presence, vitamin A and vitamin K, healthy unsaturated fats, and other nutrients found in the kernel oil.

Under the product segment, the methyl oleate is predicted to experience the rapid growth, in terms of revenue in the near future. It is led by massive oleate demand in few end-use industries. For example, oleate is used in industrial cleaners in the form of solvent. It is used in personal care products as surfactant, and as lubricant for metal and precision metal cleaning.

APAC holds the extensive share of the industry, and it is projected to retain its position in the coming future, led by massive availability of feedstock, coupled with lesser manufacturing cost, and increasing beauty and personal care products demand.

Therefore, the rising demand for palm methyl ester derivatives is led by its usage in the biodiesel production.

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