Palm Methyl Ester Market Analysis, Forecast, and Assessment 2018

Palm methyl ester is a base used for producing biodiesel. It is produced from palm oil in a chemical process is known as transesterification. Methanol acts as a catalyst to convert palm oil to methyl ester. Palm oil cannot be directly used as engine oil due to higher viscosity than that of petroleum products. It is first converted to smaller molecules of methyl ester before being used  as a diesel fuel. Palm methyl ester is a ready substitute for diesel. It is successfully tested and used as fuel for power stations and passenger cars. Increasing use of this substitute fuel is driving the palm methyl ester market. It is expected to witness significant growth in the coming years.

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Market Segmentation

Based on applications:

Lubricants

  • Automotive
  • Hydraulic Fluid
  • Biodegradable Lubes
  • Transformers
  • Fibers

Fuel

  • Trucks
  • Rail Roads
  • Heating Candles
  • Generators

Food

  • Emulsifiers

Polymers

  • Plasticizer
  • Coatings

Surfactants

  • Detergents
  • Fabric Softeners
  • Personal Care

Agriculture

  • Adjuvants
  • Active Carriers
  • Solvents
  • Pest Control
  • Enzymatic Processes

Solvents

  • Inks
  • Paint Strippers
  • Graffiti Removers
  • Electronics
  • Cleansers

Metal Working Fluids

  • Alternate Base Oils
  • Metal Cleaning
  • Cooling
  • Lubrication

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Some of the major players in this industry are OnBiz Enterprise, PG Worldwide Trade SDN BHD, Ruchi Soya Industries Ltd., Pure Diesel Co. Ltd., Alternative Fuels Holdings Sdn Bhd, RITS, Krishna Tradings, Bioinvent Sdn Bhd., LOL Oleochemicals Sdn. Bhd., International Source, Hanzhong Yongyang Rasha Petroleum Pvt. Ltd., AM Biofuels Sdn Bhd., Mill Trade Co. Ltd., Natural Fuel PTE Ltd., Green and Natural Sdn Bhd., Agricode Bio-Technology Pte Ltd., and others.

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