A recent report ongoing study by
Infinium Global Research on the oleate esters market provides an in-depth analysis of
segments and sub-segments in the global as well as regional oleate esters
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional oleate esters market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global oleate esters market. According to the
report, the global oleate esters market is projected to grow at a significant CAGR
over the forecast period of 2022-2028.
Market
Insight
Oleate esters are derived from
oleic acids and are synthesized by a reaction between alcohol and oleic acids
with catalysts. Oleate esters are obtained from natural sources such as
vegetable oils and animal fats. Among vegetable oils, canola oil, soybean oil,
and palm oil are the preferred options. These oils are given preference over
chemical compounds because they are derived from natural raw materials. Natural
raw materials give oleate esters an advantage over other chemicals. The oleate esters
market consists of various products like ethyl oleate and butyl oleate, which
can be used in multiple industrial applications. Ethyl oleate is obtained by a
reaction between ethanol and oleic acid, and the reason behind their high
consumption is their excellent solvency property.
The demand for oleate esters is
expected to rise due to the rapid rate of industrialization and awareness among
consumers regarding the benefits of using them. The global oleate esters market
is primarily driven by growing application industries and growth in emerging
markets. However, the increase in the worldwide oleate esters market is likely
to be hampered by factors such as the high price of oleate esters high cost of
production. The market is expected to experience constant change due to
improvements in the techniques involved in the manufacturing processes. Due to
the continuous changes in the market, there can be improvements in the standard
and quality of oleate esters, which would change the market dynamics. However,
the growth of the oleate esters market is projected to be hampered by the
increase in the production costs of the compound. Nevertheless, the elevating
demand for PVC would further offer lucrative growth opportunities for the oleate
esters market in the foreseeable span. Meanwhile, ongoing R&D practices by
prominent players in the global market to develop advanced and safe lubricants
and agrochemicals are further likely to propel the business dynamics over the
forecast period.
The novel COVID-19 pandemic
outbreak in 2020 induced disruptions in the global oleate esters market mainly
due to the stringent movement restriction and imbalance in demand to supply
ratio. The need for lubricants, paints, coatings, and agrochemicals observed a
downscale in the coronavirus period, negatively influencing the growth of the
oleate esters market. Moreover, consumer demand has also subsequently reduced
as individuals are now keener on eliminating non-essential expenses from their
respective budgets as the general economic status of most individuals has been
severely affected by this outbreak. These aforementioned elements are expected
to burden the revenue trajectory of the global oleate esters market over the
forecast timeline. However, as respective governing authorities begin to lift
these enforced lockdowns, the global oleate esters market is expected to
recover accordingly.
Among the geographies, Asia
Pacific is expected to be the largest oleate esters market over the forecast
period. Due to rapid industrialization trends, the Asia-Pacific region will
take a significant share of the oleate esters market. China and India are the
leading players in the regional agrochemical industry, and the demand for
pesticides and fertilizers will continue to grow. North America and Europe will
see significant growth in the oleate esters market due to advances in the
lubricant industry. The emerging aerospace and automotive industries in both
regions will accelerate the demand for lubricants and fuel future market
growth. The large production and consumption capacity in the Asia Pacific is
driving the market’s growth. Furthermore, the growing demand for oleate esters
is due to the increase in industrialization and the awareness regarding the use
of materials obtained from natural sources in the Asia Pacific. Different
regions are anticipated to grow evenly, with the Asia Pacific showing
exceptional growth over the years.
Segment
Covered
The report on the global oleate esters
market covers segments such as product, application, and raw materials sources.
On the basis of product, the sub-markets include methyl oleate, ethyl oleate,
tri methylpropane trioleate, butyl oleate, and others. On the basis of
application, the sub-markets include agrochemical, cosmetics, lubricant,
plasticizer, absorbent, and others. On the basis of raw materials sources, the
sub-markets include corn, granules, urea, and others.

Companies
Profiled:
The report provides profiles of
the companies in the market such as Cargill, Incorporated, BASF SE, Archer
Daniels Midland Company, Graincorp Ltd., Quality Liquid Feeds, Inc, Dallas,
Keith Ltd., Alliance Liquid Feeds, Midwest Liquid Feeds, LLC, Ridley Corporation
Limited, and Agridyne, LLC (Mix30).
Report
Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the oleate esters market. Moreover, the study highlights current market
trends and provides forecasts for 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.