Europe palm methyl ester derivatives market trends to be driven by rising demand for food & beverages

Rapid industrialization and steady growth of the manufacturing sector has propelled revenues for palm methyl ester derivatives market from industrial cleaning applications.

Global Market Insights, Inc. announces an ongoing comprehensive report on the “Palm Methyl Ester Derivatives Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, U.K, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025”. This report provides an exhaustive account of the industry including:

• Palm methyl ester derivatives market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major palm methyl ester derivatives industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies

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Rapid industrialization and steady growth of the manufacturing sector has propelled revenues for palm methyl ester derivatives market from industrial cleaning applications. The ingredient is used for wetting agents, which considerably lower the surface tension of liquids to allow for an effortless spreading of aqueous solutions.

Wetting agents are useful in surface cleaners and other products deployed with water to help clean equipment and other surfaces at manufacturing plants. These substances are also required for oilfield applications to enhance performance and lower operational costs. Continuous rise in industrial activities in addition to the need for producing bio-based cleaning products will bolster palm methyl ester derivatives market outlook.

Global food and beverage sector has witnessed exponential growth in the last few decades owing to increasing population and a notable surge in purchasing power of consumers. Processed food products such as jams often contain preservatives and flavoring agents to help enhance their quality and shelf life.

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Reportedly, around USD 3.5 billion worth of jams had been exported globally in 2018, which was a 4% rise as compared to the previous year. Robust demand for food & beverage products will foster global palm methyl ester derivatives size, as these naturally-sourced ingredients are used as safe flavoring agents.

Increasing consumption of packaged food products and gradually expanding industrial sector will boost the demand for palm oil derived chemicals in Europe. The region has a vast network of retail and convenience stores which provides a strong channel for distribution of detergents, soaps and cosmetic products containing bio-based ingredients. Reliable shipping routes connecting the region with leading palm oil producers in Asia and Africa will provide a continuous raw material supply, ensuring the growth of Europe palm methyl ester derivatives market share. Growing preference of manufacturers towards adoption natural ingredients in cleaning products will fuel the competitive landscape.

Some of the companies mentioned in the report include Timur olechemicals Malaysia, P&G Chemicals, Carotino Group, Godrej, Penta Manufacturing Company and Wilmar International. The industry has witnessed various players building an integrated supply chain for achieving cost-efficiency and expanding their global footprint.

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