Global Palm Methyl Ester Market Overview:
Palm oil is considered as a golden crop and is the most productive oil crop which has significantly contributed to the increase in the global oil and fat trade. Palm oil is converted into biodiesel or palm methyl ester (PME) by the transesterification process. It uses methanol as a catalyst. The palm methyl ester is an alternative fuel that is produced for producing other products. The palm methyl ester is widely used in industrial, food, cosmetic, and pharmaceutical. It is also in oil field drilling fluids, fatty alcohol production, crop oil, and alkanol amides production.
Growth Drivers
- Growing Environmental Concerns over Use of Fossil Fuels
- Focus Towards Renewable Fuels in Comparison to Traditional Fuels
Roadblocks
- Increasing Regulatory Pressure on Companies to Source Palm Oil from Sustainable Farms
Opportunities
- Rise in Use of Palm Methyl Ester in various Industries Such as Food & Agriculture And Automotive
- Commercial Adoption of Palm oil-based Biodiesel
Competitive Landscape:
Some of the key players profiled in the report are CREMER (Germany), Carotino Group (United States), Wilmar Corporation (United States), Ecogreen Oleochemicals, Timur OleoChemicals (Malaysia), PMC Biogenix (United States) and Pacific Oleochemicals (Malaysia). Analyst at AMA Research see United States Vendors to retain maximum share of Global Palm Methyl Ester market by 2026. Considering Market by Product Type, the sub-segment i.e. Methyl Caprylate will boost the Palm Methyl Ester market.
What Can be Explored with the Palm Methyl Ester Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Palm Methyl Ester Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Palm Methyl Ester
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Palm Methyl Ester market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Palm Methyl Ester market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Traders, Distributors, and Suppliers, Government and Regional Agencies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.