Palm Methyl Ester Derivatives Market worth $2.6 billion by 2027 – At a CAGR of 6.3%

The According to a market research report, the “Palm Methyl Ester Derivatives Market by Product, Source (Crude Palm Oil, Palm Kernel Oil), End-Use (Soaps & Detergents, Personal Care & Cosmetic Products, Food & Beverages, Lubricants & Additives, Solvents), and Region – Global Forecast to 2027″, is projected to grow from USD 1.9 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 6.3% during the forecast period. High demand for personal care & cosmetic products in countries such as China and India along with the shift in consumer preference towards products having natural additives is expected to drive the palm methyl ester derivatives market.

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• 167 Market data Tables
• 32 Figures
• 166 Pages and in-depth TOC on “Palm Methyl Ester Derivatives Market – Global Forecast to 2027″

This report also provides a comprehensive analysis of the companies listed below:

Some of the leading players in this market include The Procter & Gamble Company (US), Wilmar International Ltd (Singapore), Musim Mas (Singapore), KLK OLEO (Malaysia), Emery Oleochemicals (US), and Hebei Jingu Plasticizer Co., Ltd. (China), among others.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Palm Methyl Ester Derivatives Market.

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The Procter & Gamble Company is one of the major players in the global palm methyl ester derivatives market. It is involved in the production and selling of palm methyl ester derivatives. The company serves approximately 80 countries across the Americas, Asia Pacific, and other regions of the world. It has about 31 domestic manufacturing facilities across the US along with other overseas manufacturing facilities which allows the company to meet the consumer demand. The company has a considerable focus on its fabric & home care segment as it generates 34% of revenue for the company. This indicates a good platform for the growth of its palm methyl ester derivatives business.

Another important player in the global palm methyl ester derivatives market is Musim Mas. In October 2019, Musim Mas announced the opening of its new innovation and research and development center in Singapore. The company aims to develop innovative solutions for using palm oil-based functional blends and specialty fats to address diverse needs across the food & beverage industry. With this expansion, Musim Mas will be more capable of meeting the rising demand for palm methyl ester derivatives in the Asia Pacific market and ensure steady customer supply.

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