(MENAFN- America News Hour) Research Nester published a report titled “methyl oleate market : Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global methyl oleate market in terms of market segmentation by source, by grade, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global methyl oleate market is estimated to garner the most significant revenue by growing at ~5% CAGR over the forecast period, i.e., 2023-2033. The global methyl oleate market is segmented by application into printing inks, agrochemicals, metal working fluids, cleaning chemicals, lubricants, absorbents, plasticizers, cosmetics, and others. Among these, agrochemicals are anticipated to hold the largest share in the market on account of increase use of methyl oleate in metal working fluids and agrochemicals such as herbicides, plant growth chemicals, pesticides, and weedicides. The exported value of herbicides, anti-sprouting products, and plant growth regulators across the world in 2021 was 15,[m1]
,371.
The global methyl oleate market is estimated to grow on the back of the rise in the pesticide industry is attributed to market growth. According to the U.S. Bureau of Labor Statistics, the national estimates for pest control workers include 85,[m2]
employment in 2021 in the U.S. Further, the rise in the use of methyl oleate as a lubricant in the petroleum industry is attributed to the growth of the market during forecast period. [m3]
Regionally, the global methyl oleate market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is estimated to witness noteworthy growth over the forecast period on the back of stringent regulations on the use of synthetic chemicals. [m4]
Rapid Growth of the Chemical Industry to Drive the Market Growth
In 2022, the total industrial production increased to 3.9% [m5]
0.6% in 2021.
The rise in the use of chemicals by other industries is anticipated to boost the growth of the chemical industry. Additionally, the increase in the cost of chemicals and shutting down of various production units in China, and variation in inflation during the pandemic are expected to fuel the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the high cost and use of ethyl oleate are expected to operate as key restraints to the growth of the global methyl oleate market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global methyl oleate market which includes company profiling of 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 profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global methyl oleate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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