Oleate Esters Market by Product, Sources, Application

List of Tables

[188 Pages Report] The Oleate Esters Market size was estimated at USD 2.21 billion in 2023 and expected to reach USD 2.33 billion in 2024, at a CAGR 5.27% to reach USD 3.18 billion by 2030.

Oleate esters are derived from the esterification process between fatty acids and alcohol, specifically oleic acid and alcohol. These versatile esters exhibit numerous beneficial properties, such as enhanced lubricity, biodegradability, low toxicity, and high oxidative stability. The improved solvency, low viscosity, high biodegradability, and low toxicity to humans and the environment have improved the adoption of oleate esters in agrochemical manufacturing. The rising need for effective and environmentally friendly agrochemicals to fulfill agricultural product requirements has led to increased utilization of oleate esters to provide an ideal alternative to traditional solvents that may have detrimental effects on the environment. The high thermal stability and superior lubricating properties of oleate esters make them suitable for use as automotive and industrial lubricants to effectively reduce wear and tear on machinery, decrease energy consumption, and minimize the release of harmful emissions. However, the high cost of production and the availability of low-cost substitutes may adversely impact the use of oleate esters by the end-use sectors. The emerging use of oleate esters in the personal care sector and ongoing research to expand applications of oleate esters are anticipated to increase the adoption of oleate esters by the end-use sectors worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.21 billion
Estimated Year [2024]	USD 2.33 billion
Forecast Year [2030]	USD 3.18 billion
CAGR (%)	5.27%

Regional Insights

The oleate esters market is evolving in the Americas owing to its well-developed industrial infrastructure and growing preference for environmentally friendly alternatives to conventional petrochemical-based products driving a positive shift toward bio-based oleate esters in various applications, such as automotive lubricants and industrial solvents. Moreover, the stringent regulations imposed by government authorities have compelled industries to adopt sustainable raw materials such as oleate esters that comply with normative guidelines. Rapid industrialization, increasing demand for cosmetics & personal care products, and rise in textile production are accelerating the use of oleate esters in the APAC region. The EMEA region is witnessing a growing demand for oleate esters driven by its well-established personal care and cosmetics industry and increasing focus on environmental sustainability. The regulatory framework within the EMEA region, which promotes increased use of biofuels in transport applications, is leading to increased demand for oleate esters as biodiesel components. Additionally, consumer awareness regarding eco-friendly products is expected to contribute significantly to the adoption of oleate esters in several end-use industries across the globe.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Oleate Esters Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Surge in need for agrochemicals to meet the rising agricultural product demands
- Adoption of oleate esters across various industrial procedures

Market Restraints
- Limited availability and price volatility of raw materials for the production

Market Opportunities
- Development of new methodologies for the production of the oleate esters
- Extensive usage of oleate esters in the formulations in personal care and pharmaceutical products

Market Challenges
- Several stringent regulatory standards coupled with the availability of low-cost substitutes

Market Segmentation Analysis
- Product: Diverse forms of the oleate esters are produced with the help of the esterification process between fatty acids and alcohol for several applications
- Application: Accelerating the use of oleate esters in cosmetics and agrochemical production facilities worldwide

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Oleate Esters Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Oleate Esters Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

RGE Builds China's Largest Oleochemical Industry Integration Facility

Apical Oleochemical (Taixing) Co., Ltd. constructed the Royal Golden Eagle (Taixing) Health Industry Project integration facility in China. This impressive facility is situated in Rudong County, Jiangsu Province. This project has generated 1000 employment opportunities, contributing to local economic growth through research initiatives. Its comprehensive infrastructure ensures seamless operations and underscores RGE's commitment to excellence in the oleochemical industry. [Published On: 2023-07-11]

BASF Launches Euperlan NL Pearl Wax-based Pearlizer

BASF SE introduced EUPERLAN NL, including hydrogenated vegetable oil, Cocamidopropyl betaine, and glyceryl oleate, to develop a pearl wax-based pearlizer. This innovative product offers natural shine and pigment effects to cosmetic formulations while remaining aligned with sustainability objectives. [Published On: 2022-12-06]

BASF Strengthens InVigor Health Hybrids Portfolio Through Acquisition of Idaho Canola Seed Production Facility

BASF SE acquired a majority stake in Invigor Health Hybrids, introducing oleate esters into its portfolio. This acquisition bolsters BASF's presence in the health and nutrition industry while expanding the company's access to invaluable research and development capabilities about oleate esters. As a result, BASF can further develop products that cater to specific customer needs, thus strengthening its market share in the industry. [Published On: 2022-11-01]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Oleate Esters Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Oleate Esters Market, highlighting leading vendors and their innovative profiles. These include Acme Synthetic Chemicals, Acme-Hardesty, Alzo International Inc., Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Cayman Chemical, CREMER OLEO GmbH & Co. KG, Croda International PLC, DeWolf Chemical, ECOGREEN OLEOCHEMICALS (SINGAPORE) PTE. LTD., Emery Oleochemicals, Evonik Industries AG, Hallstar Innovations Corp., Hebei Jingu Plasticizer Co., Ltd., INEOS Group, Italmatch Chemicals S.p.A., Kao Corporation, KLK OLEO, Kuala Lumpur Kepong Berhad, Lubrizol Corporation, Mosselman S.A, Oleon NV, Procter & Gamble Company, Seppic S.A., Spectrum Chemical Mfg. Corp., Stepan Company, Univar Solutions Inc., Victorian Chemical Company Pty Ltd., and Wilmar International Ltd..

Market Segmentation & Coverage

This research report categorizes the Oleate Esters Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Butyl Oleate
- Ethyl Oleate
- Methyl Oleate
- Tri-Methylolpropane Trioleate

Sources
- Corn
- Granules
- Soy
- Urea

Application
- Absorbent
- Agrochemical
- Cosmetics
- Lubricant
- Plasticizer

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-036C5CF3A8B7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Surge in need for agrochemicals to meet the rising agricultural product demands
  - 5.1.1.2. Adoption of oleate esters across various industrial procedures
- 5.1.2. Restraints
  - 5.1.2.1. Limited availability and price volatility of raw materials for the production
- 5.1.3. Opportunities
  - 5.1.3.1. Development of new methodologies for the production of the oleate esters
  - 5.1.3.2. Extensive usage of oleate esters in the formulations in personal care and pharmaceutical products
- 5.1.4. Challenges
  - 5.1.4.1. Several stringent regulatory standards coupled with the availability of low-cost substitutes
5.2. Market Segmentation Analysis
- 5.2.1. Product: Diverse forms of the oleate esters are produced with the help of the esterification process between fatty acids and alcohol for several applications
- 5.2.2. Application: Accelerating the use of oleate esters in cosmetics and agrochemical production facilities worldwide
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Oleate Esters Market, by Product

6.1. Introduction
6.2. Butyl Oleate
6.3. Ethyl Oleate
6.4. Methyl Oleate
6.5. Tri-Methylolpropane Trioleate

7. Oleate Esters Market, by Sources

7.1. Introduction
7.2. Corn
7.3. Granules
7.4. Soy
7.5. Urea

8. Oleate Esters Market, by Application

8.1. Introduction
8.2. Absorbent
8.3. Agrochemical
8.4. Cosmetics
8.5. Lubricant
8.6. Plasticizer

9. Americas Oleate Esters Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Oleate Esters Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Oleate Esters Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. RGE Builds China's Largest Oleochemical Industry Integration Facility
- 12.3.2. BASF Launches Euperlan NL Pearl Wax-based Pearlizer
- 12.3.3. BASF Strengthens InVigor Health Hybrids Portfolio Through Acquisition of Idaho Canola Seed Production Facility
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio