Oleate Esters Market (Product - Methyl Oleate, Ethyl Oleate, Tri Methylpropane Trioleate, Butyl Oleate, and Others; Application - Agrochemical, Cosmetics, Lubricant, Plasticizer, Absorbent, and Others; Raw Materials Sources - Corn, Granules, Urea, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

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 CAGR of nearly 5% over the forecast period of 2022-2028.

Market Insight

The global oleate esters market was valued at about USD 1.7 Billion in 2022 and is expected to reach over USD 2.3 Billion in 2028, with a CAGR of nearly 5% during the forecast period. 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.