Producers in Oleate Esters Market Consolidating Output to Meet Demands in Wide Spectrum of Applications, Global Valuation to Surpass US$ 2.63 Bn by 2027: TMR

- Uptake of oleate esters rapidly rising in agrochemicals and lubricants, ethyl oleate a lucrative segment

- Asia Pacific and North America are attractive markets, manufacturers pursuing cost-effective raw materials for producing at massive scale

ALBANY, N.Y., April 14, 2021 /PRNewswire/ -- Oleate esters are the esters or salts of oleic acids, where the raw materials are sourced from animal fats and wide variety of vegetable oils, including palm oil. The use of natural raw materials make oleate esters highly attractive in a wide spectrum of industrial and commercial applications. Some of them are methyl oleates, ethyl oleates, and butyl oleates, where a majority of products is utilized for their high solvency in lubricants, agrochemicals, and oil-based formulations. For instance, methyl ester is preferred in making lubricants due to its stability, biodegradability, and renewability. The consumption of oleate esters is rising in personal care industry. Constant focus on improving the efficacy and safety of major product categories is a key trend in the oleate esters market.

The global oleate esters market is projected to clock CAGR of ~ 5.0% between 2019 and 2027. By the end of this period, the valuation is expected to surpass US$ 2.63 Bn.

Request for Covid-19 Impact Analysis on Oleate Esters Market: https://www.transparencymarketresearch.com/Covid19.php

Key Findings of Oleate Esters Market Study

• Vast Uptake due to Wide Range of Applications to Drive Innovation

The rising uptake of oleate esters in wide range of applications including agrochemical, cosmetics, and lubricants is a key driver for revenue growth in the oleate esters market. They are also utilized in plasticizers, and absorbents, due to the presence of natural raw materials. The presence of palm oil, canola oil, soybean oil makes it a desirable chemical formulation in all major applications. Thus, it is essential for manufacturers of oleate esters to aim at formulations that can modify the properties suitably such as for meeting the functional characteristics of the final products. Thus, they are finding massive demand in the lubricant industry. Rise in demand for oleate esters for agrochemicals makes the agriculture industry a potentially lucrative segment in the oleate esters market.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php

• Manufacturers Keen on Spurring Production Volumes

In the backdrop of the massive scale of demand in various industries, manufacturers are leaning on boosting their production output. A great deal of the demand is due to the vast utilization of oil based formulations in chemicals of commercial significance. The use of cost-effective raw materials is thus a key trend expanding the avenue in the market. Growing demand for these in automotive industries is a key factor in spurring volumes of production of oleate esters.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/18347

Oleate Esters Market: Key Driving Factors and Avenues

• Rapid pace of industrialization is a key trend spurring the uptake of oleate esters in various industrial applications
• Growing awareness about the use of natural raw sources is a key aspect

Oleate Esters Market: Regional Assessment

• North America and Asia Pacific are lucrative markets.
• The rapid pace of industrialization over the past few decades is a key trend in these markets.
• Their combined share is more than 50% of the global oleate esters market
• Vast scale of production and consumption drive the revenue in the regional market
• Strides made in personal care ingredients in the U.S. are bolstering the sales in the market.
• Europe is expected to be emerging market over the forecast horizon.

Oleate Esters Market: Key Participants

• The Victorian Chemical Company
• Italmatch Chemicals S.p.A.
• Kao Corporation
• Kuala Lumpur Kepong Berhad (KLK)
• Wilmar International Ltd.
• Procter & Gamble

Top players are engaging in strategic partnerships to gain a competitive edge over their rivals and peers. A growing number of players have been consolidating their production capacity in major and emerging regional markets.

Purchase Premium Research Report on Oleate Esters Market @ https://www.transparencymarketresearch.com/checkout.php

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Sodium Oleate Market - https://www.transparencymarketresearch.com/sodium-oleate-market.html

Trimethylolpropane Trioleate Market - https://www.transparencymarketresearch.com/trimethylolpropane-trioleate-market.html

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/oleate-esters-market.htm 
Website: http://www.transparencymarketresearch.com

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo