Methyl Oleate Market Size & Share, by Source (Palm Oil, Canola Oil, Soyabean Oil); Purity (99%, 70%); Application (Printing Inks, Agrochemicals, Metal Working Fluids, Cleaning Chemicals, Lubricants, Absorbents, Plasticizers, Cosmetics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4387
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Methyl Oleate Market size is projected to cross USD 3 Billion by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of methyl oleate was USD 2 Billion. The rise in the pesticide industry is attributed to market growth along with the increasing use of methyl oleate as a substitute for methylbenzene in the pesticide industry is expected to have a positive impact on market growth. The national estimates for pest control workers are about 85,370 employees available in 2021 in the United States, as per the U.S. Bureau of Labor Statistics.

The growing chemical industries as well as the increased use of methyl oleate in the petroleum industry as a lubricant along with the rising consumption of petroleum products is estimated to boost the market growth.


Methyl-Oleate-Market-Size
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Methyl Oleate Sector: Growth Drivers and Challenges

Growth Drivers

  • Rapid Growth of the Chemical Industry - The increasing use of chemicals by other industries fuels the growth of the chemical industry. Also, the high price of chemicals and closure of many plants across China, and high inflation during the pandemic are estimated to boost the methyl oleate market.  The total industrial production in 2022 raised from 0.6% to 3.9%.

  • Increasing Demand for Food and Beverages - 11.9% of U.S household consumer expenditures share was occupied by food ranking third in 2020.

  • High Demand for Detergent Surfactants Such as Methyl Ester Ethoxylates - The value of detergents and washing preparations increased from 99.5 in 2009 to 111.3 in 2019.

  • Growing Paint Industry – The total number of paint and coating establishments in United States in 2020 was 50,000.

  • Increase Use of Personal Care and Cosmetic Products - The average annual expenditure on personal care products raised from 762 in 2017 to 786 in 2019

Challenges

  • High Cost of Methyl Oleate – owing to the rising prices of chemicals globally. The disadvantage is associated with the large amount of energy required in the reboiler to purify the mixture is expected to hinder market growth in the near future.
  • Increasing Use of Ethyl Oleate
  • Industries Still Use Conventional Chemicals

Methyl Oleate Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2033)

~ USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)  
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Methyl Oleate Segmentation

Application (Printing Inks, Agrochemicals, Metal Working Fluids, Cleaning Chemicals, Lubricants, Absorbents, Plasticizers, Cosmetics)

The global methyl oleate market is segmented and analyzed for demand and supply by application into printing inks, agrochemicals, metal working fluids, cleaning chemicals, lubricants, absorbents, plasticizers, cosmetics, and others. Out of these, agrochemicals are anticipated to hold the largest market size by the end of 2033 on the back of increasing use in metalworking fluids and agrochemicals such as pesticides, herbicides, plant growth chemicals, and weedicides. The worldwide exported value of herbicides, anti-sprouting products, and plant growth regulators in 2021 was 15,432,371.

Our in-depth analysis of the global market includes the following segments:

  By Source

  • Palm Oil
  • Canola Oil
  • Soyabean Oil
  • Others

      By Grade

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

      By Application

  • Printing Inks
  • Agrochemicals
  • Metal Working Fluids
  • Cleaning Chemicals
  • Lubricants
  • Absorbents
  • Plasticizers
  • Cosmetics
  • Others

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Methyl Oleate Industry - Regional Synopsis

North American Market Forecast   

North America methyl oleate market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, owing to stringent regulations on the use of synthetic chemicals owing to their ill effects on health and the environment. FDA removed 7 synthetic flavoring substances and flavor enhancers in 2018. Among them, 6 substances are ethyl acrylate, methyl eugenol, pulegone, pyridine, synthetically derived benzophenone, and myrcene.

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Companies Dominating the Methyl Oleate Landscape

top-features-companies
    • Archer Daniels Midland Company

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Tokyo Chemical Industry Co., Ltd.
    • Lion Corporation
    • KLK OLEO
    • Croda International Plc
    • acme synthetic chemicals
    • Tri-Tech Chemical Company
    • Hebei Jingu Plasticizer Co., Ltd.
    • Victorian Chemical Company Pty Ltd
    • Wilmar International Limited

In-the-news

In The News

  • Stepan Company - introduced STEPOSOL ME a naturally derived methyl oleate from soyabean oil. This product was approved for use as an insert ingredient under U.S EPA 40 CFR 180.910 with REACH registered. Also, exhibit thaw stability, excellent freeze, and opt for solvents or co-solvents in agricultural applications.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4387
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rapid growth of chemical industry and growing paint industry are the major factors driving the growth of the methyl oleate market.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

High cost and use of ethyl oleate are the challenges affecting the market growth.

The market in North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Archer Daniels Midland Company, Tokyo Chemical Industry Co., Ltd., Lion Corporation, KLK OLEO, Croda International Plc, acme synthetic chemicals, Tri-Tech Chemical Company, Hebei Jingu Plasticizer Co., Ltd., Victorian Chemical Company Pty Ltd, and Wilmar International Limited.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by source, grade, application, and by region.

The agrochemicals segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Methyl Oleate Market Report Scope
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