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Showing posts with the label Palm Methyl Ester Derivative

Growing Trends of Palm Methyl Ester Derivative Market Professional Survey 2019

Growing demand for CPO and PKO derived products from a wide range of sectors including personal care, home care, and food along with other industrial products such as adhesives, lubricants, paints, coatings, and inks is expected to influence product demand over the forecast period. The Global Palm Methyl Ester Derivatives Market is anticipated to reach USD 1.01 billion by 2025, according to a new report by Grand View Research, Inc. Palm methyl ester derivatives are essentially oleochemicals processed from CPO and PKO, leading to greater global demand driven by sustainability along with environmental and health concerns. Rising consumer preference for natural ingredients and process sustainability in personal care, food, and other sectors is also anticipated to boost product demand. In the past few years, the industry has witnessed increasing investments in R&D activities for the development of biodegradable products, which can substitute the petroleum-based ones.