The global palm methyl ester market is projected to reach USD 9.52 Billion by 2028 at a CAGR of 5.5% during the forecast period.

Global Palm Methyl Ester
Global Palm Methyl Ester

Palm methyl esters fall under the family of renewable diesel fuel that is also known as FAME (fatty acid methyl ester). Palm oil is a type of vegetable oil, which is converted to biodiesel through a chemical process known as transesterification using methanol as the catalyst to form palm methyl esters. Palm methyl ester (PME) is being used in diesel engines without any modification and can be also blended with conventional diesel fuel to produce PME-diesel blend fuels. Apart from its primary use as fuel, palm methyl esters are used in a wide range of applications including its use as solvents, lubricants, emulsifiers, hydraulic fluids and so on.

Global Palm Methyl Ester Market
Global Palm Methyl Ester Market

Palm methyl esters are used in various end-use industries such as food & agriculture, as a fuel in the automotive industry, as drilling fluid in oil & gas industry and others. Depleting source of fossil fuels and the growing environmental concerns are some of the major factors which are driving the market of palm methyl ester around the world.

Some of the key Impact Factors:

  • Growing environmental concerns
  • Focus on renewable fuels in comparison to traditional fuels
  • Government initiatives in countries like India, Malaysia

What does this report provide?

This report provides a detailed understanding of the palm methyl ester market from a qualitative and quantitative perspective with a forecast of 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Application:

  • Fuels
  • Lubricants
  • Solvents
  • Metal Working Fluids
  • Surfactants
  • Others

By End-Use Industry:

  • Automotive
  • Personal & Home Care
  • Food & Agriculture
  • Industrial
  • Chemical
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region ( South America, Africa)
    • By Application
    • By End-Use Industry

Companies Covered: Wilmar International Limited, ADM Company, Cargill Inc., Natural Fuel PTE Ltd, KLK OLEO…

Reasons to buy this report:

  • Market size estimation of palm methyl ester market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/ country

For more information, contact: [email protected]

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Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

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What this study provides
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