Methyl Oleate Market

Methyl Oleate Market Overview (2022 to 2032)

 The rapid growth of the chemical industry across the world is creating immense demand for methyl oleate. The global methyl oleate market size was estimated to be worth around USD 1.8 Billion in 2022. With the growing adoption of methyl oleate in a multitude of applications such as agrochemicals, lubricants, plasticizers, and cosmetics, the overall sales are projected to rise at a moderate CAGR of around 4.5% between 2022 and 2032, totaling approximately USD 2.45 Billion by 2032.

Report Attribute	Details
Methyl Oleate Market Estimated Base Year Value (2021)	USD 1.7 Billion
Methyl Oleate Market Expected Market Value (2022)	USD 1.8 Billion
Methyl Oleate Market Anticipated Forecast Value (2032)	USD 2.45 Billion
Methyl Oleate Market Projected Growth Rate (2022 to 2032)	4.5% CAGR

Methyl Oleate is a fatty ester usually derived from natural oils including palm oil, canola oil, and soyabean oil. It is formed by condensation of a carboxy group of oleic acid with methanol.

Owing to its versatile properties such as excellent solvency, low toxicity and eco-friendly nature, methyl oleate is being extensively used as an intermediate for emulsifiers, stabilizers, plasticizers detergents, textile treatments rubbers etc.

and the trend is likely to continue in the future. It is being used as a chemical for manufacturing ester-based detergent surfactants such as methyl ester ethoxylates, alkanol amides, and sulfonated methyl esters.

Methyl oleate has become an ideal substitute for methylbenzene, dimethyl benzene and several other products in the pesticide industry. Furthermore, it finds application in natural and biodegradable paints used in the construction industry.

Besides this, various studies are being conducted to replace soybean oil and other liquids with methyl oleate for the production of erythromycin (antibiotic bacterium). This will further create growth prospects for market players in the future.

Which Factors are Propelling the Growth of Methyl Oleate Market?

The rising shift towards natural products, increasing adoption of methyl oleate as an intermediate for the production of various substances and exponential growth of end-use industries such as chemicals, petrochemicals, and cosmetics are some of the major factors driving the methyl oleate market.

Methyl oleate has become one of the most commonly used methyl esters due to its degradable and harm-free nature. With growing consumer preference for bio-based products, demand for methyl oleate is projected to increase at a significant pace over the forecast period.

Methyl esters such as methyl oleate are excellent solvents for polymers, inks, and oils with low volatility and better solubility. They are widely used as solvents in industrial cleaners, surfactants in personal care products, lubricants for metal cleaning, and deformers for inks and coatings. The rising adoption of methyl oleate as an ideal solvent for various applications will continue to push sales during the forecast period.

Similarly, increasing usage of methyl oleate in personal care and cosmetics due to its low toxicity and eco-friendly features will continue to provide a strong thrust to the market growth during the forecast period.

What are the Challenges Faced by the Methyl oleate Industry?

There is no doubt that methyl oleate has become one of the most commonly used chemicals in the modern world. However, the market is still facing various challenges that are likely to pose a threat to its growth.

Some of the major factors that are restraining the growth of the methyl oleate market are the expensive nature of methyl oleate and the availability of various alternatives such as ethyl oleate. Moreover, various end-use industries are still preferring to use conventional chemicals for the preparation of various products. This is also limiting the growth of the methyl oleate market.

What Makes Asia Pacific a Highly Lucrative Pocket for Methyl Oleate Manufacturers?

Asia Pacific, spearheaded by China is anticipated to dominate the global methyl oleate market owing to the rising adoption of methyl oleate across various industries, the heavy presence of both domestic and regional players, and growing consumer awareness regarding the benefits of using natural products.

With the rapid economic boom and expansion of chemicals and agrochemicals industries, countries like China and India are becoming attractive markets for methyl oleate. It is being increasingly used in metal working fluids and agrochemicals.

The rising adoption of methyl oleate as an ideal solvent across various applications along with growing demand for paints & coatings, cosmetics, lubricants, printing inks, agrochemicals and other numerous products will continue to generate growth avenues within the Asia Pacific methyl oleate market during the forecast period.

What is the Demand Outlook for North America Methyl Oleate Market?

According to Future Market Insights, North America is poised to exhibit strong demand owing to the increasingly stringent regulations on the use of synthetic chemicals. Rising investments in research and development activities for developing biodegradable products that can replace petroleum-based derivatives are acting as a key driver in accelerating the growth of the methyl oleate market.

With the rapid advancement in technology and increasing consumer preference for natural products, demand for methyl oleate is witnessing substantial rise across developed nations like the United States and the trend is likely to continue during the foreseeable future.

Moreover, the expansion of end-use industries such as lubricants, paints & coatings and agrochemicals will further create sales prospects for methyl oleate during the assessment period.

Market Competition

Some of the key participants present in the global methyl oleate market include Tokyo Chemical Industry Co., Ltd., Lion Corporation, KLK OLEO, Croda International Plc, Acme Synthetic Chemicals, Tei-Tech Chemical Company Pty. Ltd., Hebei Jingu Plasticizer Co., Ltd., Victorian Chemical Co. Pty. Ltd., Wilmar International Ltd.

These key players are continuously focusing on expanding their product portfolios to increase their customer base. Besides this, they are entering into strategic partnerships and agreements with end-user companies.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Source, Grade, Application, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Tokyo Chemical Industry Co., Ltd.; Lion Corporation; KLK OLEO; Croda International Plc; Acme Synthetic Chemicals; Tei-Tech Chemical Company Pty. Ltd.; Hebei Jingu Plasticizer Co., Ltd.; Victorian Chemical Co. Pty. Ltd., Wilmar ; International Ltd.; Wilmar International Ltd.

Key Segments Profiled in the Methyl Oleate Industry Survey

By Source:

• Palm Oil
• Canola Oil
• Soyabean Oil
• Others

By Grade:

• Methyl Oleate 99% Purity Grade
• Methyl Oleate 70% Purity Grade

By Application:

• Printing Inks
• Agrochemicals
• Metal Working Fluids
• Cleaning Chemical
• Lubricant
• Absorbent
• Plasticizer
• Cosmetics
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

Frequently Asked Questions

At what rate will the methyl oleate market grow until 2032?

FMI projects the global methyl oleate market to expand at around 4.5% CAGR throughout the forecast period.

Which region is forecast to be the leading methyl oleate market growth?

Asia Pacific is anticipated to emerge as the most opportunistic market for methyl oleate during the forecast period.

Which are some prominent methyl oleate manufacturers?

Tokyo Chemical Industry Co., Ltd., Lion Corporation, KLK OLEO, Croda International Plc, Acme Synthetic Chemicals, Tei-Tech Chemical Company Pty. Ltd. are some prominent methyl oleate manufacturers