Global Oleate Esters Market Expected To Cross Value Of US$ 2.63 Billion By 2027

 Global Oleate Esters Market: Highlights

• The global oleate esters market is projected to grow at a CAGR of nearly 5.0% between 2019 and 2027. The primary reason for the high rate of utilization of ethyl oleate in lubricants is their superior qualities such as absorbency, solvency and their resistance to low temperatures while being incorporated in any reaction. The demand for oleate esters is expected to increase in the future due to the rising awareness among the people regarding the superior properties of oleate esters and the wide range of applications that they serve.
• Oleate Esters are known as the esters or salts of oleic acids. Esters are synthesized by the reaction between alcohol and oleic acids in presence of catalysts. They are obtained from natural sources such as animal fats and vegetable oils, most preferably palm oil, canola oil, soybean oil, etc. As they are obtained from natural raw materials, they are preferred over other chemical compounds.

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• The segment of lubricant is expected to increase the consumption of oleate esters in its formulations due to the changing trends and the demands of the industries where lubricants have an important role. There is an increasing amount of interest in the consumption of oleate esters in agrochemical and cosmetics owing to rapid developments in agricultural products as well as personal care commodities respectively.
• Oleate esters are used in wide range of applications during present days .Oleate esters include a varied range of products such as ethyl oleate, TMPTO, methyl oleate, butyl oleate, and others such as sorbitan oleate, sodium oleate, etc. which can be used efficiently in number of industrial purposes. The use of vegetable oils as natural materials gives oleate esters a benefit over other chemicals, which also means it is comparatively safer and less toxic. 

global pr oleate esters market

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Global Oleate Esters Market: Segmental Trends

• Ethyl oleate esters dominated the global oleate esters market in 2018. Ethyl oleate is an ethyl ester of oleic acid. It is synthesized artificially by condensation of ethanol and oleic acid. Ethyl oleate offers good solvency; hence, it can be used in a wide range of applications.
• Methyl oleate accounted for substantial share in global oleate esters market. Methyl oleate is used extensively in agrochemical, lubricants, etc. due to its high solvency.
• The lubricants segment dominated the global market for oleate esters in 2018, holding approximately 30% of the global oleate esters market. Properties such as renewability, stability, and biodegradability drive the demand for oleate esters in the lubricants application segment
• The consumption of oleate esters in agrochemicals is also increasing at a steady pace. Oleate esters when used along with agrochemicals are known to enhance their efficiency by improving its properties such as spreading onto the crop surface. They act as excellent solvents and emulsifiers when used along with agrochemicals.

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Global Oleate Esters Market: Competition Landscape

• Since oleate esters are obtained from natural resources and its demand is also said to be increasing in the future, manufacturers are devising methods or alternatives through which they can produce oleate esters at a faster rate in order to meet the demands from various fields of application. Manufacturers are nowadays looking for chemicals which can be used as raw materials for the synthesis of oleate esters on a large scale. 
• The nature of market is said to be changing constantly as a result of variations in techniques involved in the manufacturing of oleate esters. In coming days, there may be a rise in the number of players involved in the market of oleate esters. Modifications in the nature of the oleate esters can be possible due to the stringent R&D activities being undertaken by the market players.
• Some of the major manufacturers operating in the global oleate esters market include Procter & Gamble, Wilmar International Ltd., Kuala Lumpur Kepong Berhad (KLK), Kao Corporation, Italmatch Chemicals S.p.A., and The Victorian Chemical Company

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