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.