Palm Methyl Ester Derivatives Market Report 2025

The palm methyl ester derivatives market size has grown strongly in recent years. It will grow from $3.86 billion in 2024 to $4.09 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rise in biodiesel production, environmental regulations, volatility in crude oil prices, global expansion of palm oil production, consumer awareness of sustainable products, shift toward green chemistry.

The palm methyl ester derivatives market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to biojet fuels development, global push for carbon neutrality, global energy security concerns, policy support for biofuel industries, emergence of advanced biofuels. Major trends in the forecast period include investments in green technologies, focus on product innovation, collaborations and partnerships, technological advancements in biodiesel processing, advancements in conversion technologies.

Increasing awareness of natural ingredients in personal care is anticipated to drive the growth of the palm methyl ester derivatives market in the future. Natural ingredients are those derived from natural resources through physical processing. As palm methyl ester derivatives are utilized in personal care products, the rising demand for natural products is expected to boost the market. For example, a report published by Forbes, a US-based business magazine, in October 2022 indicated that 93% of beauty product buyers consider nature and animal welfare crucial factors, and 90% of consumers believe that ethical considerations, such as sustainability, should influence their purchasing decisions for beauty items. Thus, the growing awareness of natural ingredients in personal care is fueling the palm methyl ester derivatives market.

The increasing emphasis on ethical sourcing is projected to further enhance the growth of the palm methyl ester derivatives market. Ethical sourcing refers to acquiring goods and services with a focus on social and environmental responsibility. Palm methyl ester derivatives significantly contribute to ethical sourcing across various industries. Sourced from natural palm oil, these derivatives provide a sustainable and eco-friendly alternative for numerous applications, including personal care products. By offering a renewable and biodegradable ingredient for personal care items, palm methyl ester derivatives align with the rising consumer demand for products that emphasize environmental sustainability and ethical production. For instance, a January 2022 survey published by Forbes, which involved 25,000 consumers from 12 countries, revealed that 81% of respondents were concerned about purchasing ethically sourced or produced products, a concern that has grown since COVID. While 78% of participants showed overall interest, only 25% stated they consistently prioritized ethical sourcing. Therefore, the heightened importance of ethical sourcing is driving the palm methyl ester derivatives market.

Innovation is a significant trend gaining traction in the palm methyl ester derivatives market. Major companies in this sector are concentrating on developing innovative extraction processes to enhance their market position. For example, in November 2022, the American Chemical Society, a US-based scientific organization, introduced a new extraction method for methyl ester from oil seeds. This single-step process employs heterogeneous catalysts to achieve maximum oil extraction, as opposed to the traditional two- or three-step methods.

Leading companies in the palm methyl ester derivatives market are increasing their production capacities by establishing new manufacturing facilities to bolster their market presence. Expanding production capabilities involves strategic efforts by a company to enhance its ability to manufacture goods or deliver services. This expansion encompasses a range of activities aimed at improving overall output, efficiency, and production scale to meet rising demand, explore new markets, or boost competitiveness. For instance, in June 2023, Oleon NV, a Belgium-based chemical manufacturing firm, inaugurated a new oleochemistry plant designed to significantly reduce CO2 emissions from the production of enzymatic esters for the food and cosmetics sectors. This plant utilizes innovative technology to produce esters solely from natural building blocks, such as proteins or enzymes, thereby contributing to the supply of sustainably produced esters.

In March 2022, Vantage Specialty Chemicals, a US-based supplier of specialty ingredients and customized solutions, acquired JEEN International Corporation for an undisclosed sum. This acquisition will allow Vantage to leverage combined resources to enhance its capabilities and establish leadership in the personal care ingredients sector. JEEN International Corporation is a US-based manufacturer and supplier of specialty chemicals, including lanolins and palm methyl esters.

Major companies operating in the palm methyl ester derivatives market are Wilmar International Limited, The Procter & Gamble Company, Carotino Sdn Bhd, KLK OLEO Group of Companies, Musim Mas Holdings Pte. Ltd., Emery Oleochemicals Group, Hebei Jingu Plasticizer Co. Ltd., CREMER Oleo GmbH & Co. KG, PT Ecogreen Oleochemicals, VVF Limited Liability Company, Timur Oleochemicals Malaysia Sdn Bhd, Pacific Oleochemicals Sdn Bhd, Godrej Industries Limited, Cargill Incorporated, PTT Global Chemical Public Company Limited, PT Sinar Mas Agro Resources and Technology Tbk, Peter Cremer North America LP, Asian Agri Group, Apical Group Ltd., IOI Loders Croklaan Group, Kao Corporation, Vantage Specialty Chemicals Inc., Twin Rivers Technologies - Specialties LLC, Oxiteno USA LLC, Procter & Gamble Chemicals, Kuala Lumpur Kepong Berhad, Oleon NV, Croda International PLC, Chemical Associates Inc.

Asia-Pacific was the largest region in the palm methyl ester derivatives market share in 2024. Europe was the second-largest region in the palm methyl ester derivatives market. The regions covered in the palm methyl ester derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the palm methyl ester derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Palm methyl ester derivatives, derived from crude palm oil, represent a category of oleochemicals sourced from organic materials such as plant and animal lipids. These derivatives find primary utilization in various chemical compounds across industries.

The primary palm methyl ester derivatives encompass palm methyl caprylate, palm methyl laurate, palm methyl myristate, palm methyl palmitate, palm methyl stearate, palm methyl oleate, and palm methyl linoleate. Palm methyl caprylate, a subset of fatty acid methyl esters, is predominantly employed in cosmetic applications. These derivatives are sourced from crude palm oil and palm kernel oil and serve diverse end-users, including soaps, detergents, personal care products, cosmetics, food and beverages, lubricants, additives, solvents, among others.

The palm methyl ester derivatives market research report is one of a series of new reports that provides palm methyl ester derivatives market statistics, including palm methyl ester derivatives industry global market size, regional shares, competitors with a palm methyl ester derivatives market share, detailed palm methyl ester derivatives market segments, market trends and opportunities, and any further data you may need to thrive in the palm methyl ester derivatives industry. This palm methyl ester derivatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The palm methyl ester derivatives market consists of sales of palm methyl ester derivatives used as feedstock for biodiesel production. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.