Market Overview:
The global palm fatty acid distillate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for palm fatty acid distillate from various end-use industries, such as energy, feed, and oleochemicals. In terms of volume, Asia Pacific is expected to lead the global market during the forecast period.
Product Definition:
Palm fatty acid distillate is a by-product of palm oil production that is used as a feedstock for the production of biodiesel. Palm fatty acid distillate can also be used to produce soap, detergents, and other chemicals.
Industrial Grade:
Industrial grade is the product which has been obtained from hydrogenation of vegetable oils. It consists of medium chain triglycerides and is used as a raw material in pharmaceuticals, cosmetics, food & beverages and other industries. The industrial grade palm fatty acid distillate (PFA) market is expected to grow at a significant rate owing to its increasing demand for manufacturing biodiesel fuel.
Food Grade:
Food grade is the standard used for palm oil fatty acid distillate (PFAD) market. It is a type of vegetable shortening that has been processed to remove impurities and to make it suitable for human consumption. Food-grade PFAD can be used in various food products such as bakery, confectionery, dairy & frozen foods, meat & poultry products and sauces among others.
Application Insights:
The global palm fatty acid distillate market is segmented on the basis of application into the energy industry, feed industry, oleochemicals industry and others. The energy application segment accounted for a major share in 2017 and is expected to witness significant growth over the forecast period. Palm oil distillates are used as an industrial grade product in power generation plants across various regions due to its high thermal efficiency and low emissions during combustion compared to other fossil fuels such as coal or gas.
In addition, they also have high burning rates which makes them ideal for use in small boilers that produce steam for turbines driving machines or large amounts of electricity needed by communities living off-grid from conventional power grids. These factors are anticipated to drive demand over the forecast period particularly across developing countries where electricity needs remain unmet owing to a lack of resources coupled with increasing population density resulting in higher per capita consumption of food products leading people opt for this renewable resource generating unit (ORGU).
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of palm oil production worldwide. Furthermore, Asia Pacific is one of the most important consumer markets for Palm Fatty Acid Distillate as it has a high demand from various end-use industries including energy, automotive, food & beverage and oleochemicals.
The growth in emerging economies such as India and China on account of increasing automobile sales will drive product demand over the forecast period. In addition, growing industrialization along with rising concerns regarding environmental pollution are expected to propel PFA distillates consumption in chemical manufacturing applications such as refrigeration/freeze-dry units and solvent recovery units within these countries over the next eight years.
Growth Factors:
- Increasing demand for biofuels as a cleaner and more sustainable alternative to gasoline and diesel fuels
- Growing awareness of the benefits of palm fatty acid distillate as a fuel additive among fleet operators and consumers
- Stringent environmental regulations that incentivize the use of biofuels over traditional fossil fuels
- Technological advancements that make palm fatty acid distillate more affordable and accessible to consumers and fleet operators alike
- Rising prices of crude oil, which makes biofuels a more cost-effective option
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Fatty Acid Distillate Market Research Report
By Type
Industrial Grade, Food Grade
By Application
Energy Industry, Feed Industry, Oleochemicals Industry
By Companies
Neste, Nuansa Kimia, Sarawak Oil Palms Berhad(SOPB), Future Prelude, Permata Hijau Group, Kong Hoo Pte Ltd, Ranama, Universal Preserv-A-Chem Inc (UPI), Acid Charban Shimi, Zibo Tenghui Oil Fat Chemical Industry, Sichuan Tianyu Oil Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Palm Fatty Acid Distillate Market Report Segments:
The global Palm Fatty Acid Distillate market is segmented on the basis of:
Types
Industrial Grade, Food Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Energy Industry, Feed Industry, Oleochemicals Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Neste
- Nuansa Kimia
- Sarawak Oil Palms Berhad(SOPB)
- Future Prelude
- Permata Hijau Group
- Kong Hoo Pte Ltd
- Ranama
- Universal Preserv-A-Chem Inc (UPI)
- Acid Charban Shimi
- Zibo Tenghui Oil Fat Chemical Industry
- Sichuan Tianyu Oil Chemical
Highlights of The Palm Fatty Acid Distillate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Food Grade
- By Application:
- Energy Industry
- Feed Industry
- Oleochemicals Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Palm Fatty Acid Distillate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Palm Fatty Acid Distillate is a natural oil derived from the fatty acids found in palm oil. It is a light, clear liquid with a mild, nutty flavor. Palm Fatty Acid Distillate can be used as an ingredient in food and cosmetic products or as a carrier for other ingredients.
Some of the key players operating in the palm fatty acid distillate market are Neste, Nuansa Kimia, Sarawak Oil Palms Berhad(SOPB), Future Prelude, Permata Hijau Group, Kong Hoo Pte Ltd, Ranama, Universal Preserv-A-Chem Inc (UPI), Acid Charban Shimi, Zibo Tenghui Oil Fat Chemical Industry, Sichuan Tianyu Oil Chemical.
The palm fatty acid distillate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Palm Fatty Acid Distillate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Palm Fatty Acid Distillate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palm Fatty Acid Distillate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Palm Fatty Acid Distillate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Palm Fatty Acid Distillate Market Size & Forecast, 2020-2028
4.5.1 Palm Fatty Acid Distillate Market Size and Y-o-Y Growth
4.5.2 Palm Fatty Acid Distillate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Food Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Energy Industry
6.2.2 Feed Industry
6.2.3 Oleochemicals Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palm Fatty Acid Distillate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Palm Fatty Acid Distillate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Food Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Energy Industry
9.10.2 Feed Industry
9.10.3 Oleochemicals Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Food Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Energy Industry
10.10.2 Feed Industry
10.10.3 Oleochemicals Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Food Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Energy Industry
11.10.2 Feed Industry
11.10.3 Oleochemicals Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Food Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Energy Industry
12.10.2 Feed Industry
12.10.3 Oleochemicals Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Food Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Energy Industry
13.10.2 Feed Industry
13.10.3 Oleochemicals Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Palm Fatty Acid Distillate Market: Competitive Dashboard
14.2 Global Palm Fatty Acid Distillate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neste
14.3.2 Nuansa Kimia
14.3.3 Sarawak Oil Palms Berhad(SOPB)
14.3.4 Future Prelude
14.3.5 Permata Hijau Group
14.3.6 Kong Hoo Pte Ltd
14.3.7 Ranama
14.3.8 Universal Preserv-A-Chem Inc (UPI)
14.3.9 Acid Charban Shimi
14.3.10 Zibo Tenghui Oil Fat Chemical Industry
14.3.11 Sichuan Tianyu Oil Chemical
