The global oleate esters market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are ethyl oleate\'s excellent solubility which allows it to be used in a wide variety of products and formulations. Oleate esters can be used in the food industry, but only in tiny doses. However, because of rapid advancements in agriculture and personal care sectors, there is a growing interest in the use of oleate esters in agrochemical and cosmetics. Various characteristics such as renew-ability, stability, and biodegradability promote demand for oleate esters in the lubricant industry.
Esters or salts of oleic acids are also known as oleate esters. Oleic acids react in the presence of catalysts to form esters. These are made from various natural sources, including animal fats and vegetable oils. Palm oil, canola oil, and soybean oil are some of the most common sources. These sources are preferred over other chemical sources. Natural resources such as vegetable oils and animal fats are commonly used to make oleate esters. Furthermore, due to rapid industrialization and higher consumer knowledge about the benefits of utilizing these, demand for oleate esters is projected to increase in the near future. As a result of these factors, various firms are seeking alternate raw materials to replace natural raw resources. Obtaining oleate esters on a big scale might be easier if chemicals were used.
Top Players in the Global Oleate Esters Market:
- Procter Gamble
- Wilmar International Ltd
- Kao Corporation
- Emery Oleochemicals
- Victorian Chemical Company
- Italmatch Chemical S.p.A.
- Croda International Plc.
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Market segmentation based on Product Type Outlook:
- Methyl Oleate
- Ethyl Oleate
- Butyl Oleate
- Tri-methylolpropane Trioleate TMPTO
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Oleate Esters market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Oleate Esters market?
- Which regional market is expected to lead in terms of revenue share in the global Oleate Esters market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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