Market Overview:
The global palm industrial oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for biofuel, paints and coatings, cosmetics and personal care products, pharmaceuticals, and other applications. Palm industrial oil is available in three grades: light, medium, and heavy. The light grade is used for making biofuel while the medium grade is used for making paints and coatings, cosmetics and personal care products, pharmaceuticals etc. The heavy grade is mainly used as an ingredient in animal feed formulations. Region-wise, the global palm industrial oil market has been segmented into North America (U.S., Canada), Latin America (Brazil), Europe (Germany), Asia Pacific (China), Middle East & Africa (South Africa).
Product Definition:
Palm Industrial Oil is a type of vegetable oil that is derived from the fruit of the palm tree. It has a variety of uses, including as an ingredient in food products, as a fuel source, and in various industrial applications.
Grade I (Light):
Grade I (Light) is a very rare type of oil. It has low viscosity, high flash point and low saturated fat content. This grade is used in the manufacturing of several products such as engine oils, hydraulic fluids and lubricants among others.
Grade II (Medium):
Palm industrial oil is a special type of engine oil developed for the specific needs of the palm-based industry. It has high viscosity, which makes it less suitable for conventional motor oils. Palm industrial oils are specially formulated to meet all the requirements necessary to ensure long life and smooth functioning of machinery in extreme conditions.
Application Insights:
Biofuel emerged as the dominant application segment and accounted for over 57.0% of the total revenue share in 2017. Palm-based industrial oils are being increasingly used for biodiesel production as they reduce emissions, produce less waste and consume fewer resources when compared to other cooking oils.
The Cosmetics & Personal Care segment is expected to witness a significant growth rate of 5.9% from 2018 to 2030 owing to rising consumer awareness regarding personal hygiene and skin health coupled with increasing product demand in this sector over the forecast period due to its high melting point, resistance towards oxidation, stability against oxygen content during storage, low foaming tendency along with few others properties that make it an ideal ingredient for use in cosmetics formulations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia and Thailand. Rapid industrialization coupled with increasing per capita income in these countries has resulted in an increased demand for consumer goods such as vehicles and electronics. This trend is projected to continue over the coming years which will have a positive impact on industry growth across Asia Pacific.
Europe was estimated as the second-largest regional segment followed by North America owing to high demand for bio-based products coupled with stringent regulations imposed by various regulatory bodies such as U.S.-EPA regarding VOC emissions from conventional petroleum based products used across various industries including construction; automotive; packaging; adhesives & sealants; furniture etc.).
Growth Factors:
- Increasing demand from end-use industries such as paints & coatings, lubricants, and plastics is expected to drive the growth of the palm industrial oil market during the forecast period.
- Rising awareness about the benefits of using palm industrial oil is projected to fuel its demand in various end-use industries over the next few years.
- The increasing use of palm industrial oil in biofuels is anticipated to create new opportunities for this market during the forecast period.
- Growing investments by key players in research and development activities are likely to boost the growth of this market in near future. 5) Stringent government regulations regarding environment protection are projected to propelthe adoptionofpalmindustrialoilin variousend-usenindustriesduringtheforecastperiod
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Industrial Oil Market Research Report
By Type
Grade I (Light), Grade II (Medium), Grade III (Heavy)
By Application
Biofuel, Paints and Coatings, Cosmetics and Personal Care, Pharmaceuticals, Others
By Companies
Cargill, Bunge Limited, Wilmar International, Louis Dreyfus Company, Archer Daniels Midland, Buhler Group, Gemtek Products
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Palm Industrial Oil Market Report Segments:
The global Palm Industrial Oil market is segmented on the basis of:
Types
Grade I (Light), Grade II (Medium), Grade III (Heavy)
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
Biofuel, Paints and Coatings, Cosmetics and Personal Care, Pharmaceuticals, Others
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:
- Cargill
- Bunge Limited
- Wilmar International
- Louis Dreyfus Company
- Archer Daniels Midland
- Buhler Group
- Gemtek Products
Highlights of The Palm Industrial Oil 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:
- Grade I (Light)
- Grade II (Medium)
- Grade III (Heavy)
- By Application:
- Biofuel
- Paints and Coatings
- Cosmetics and Personal Care
- Pharmaceuticals
- Others
- 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 Industrial Oil 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Industrial Oil is a blend of palm oil and other oils that are used in industrial applications.
Some of the key players operating in the palm industrial oil market are Cargill, Bunge Limited, Wilmar International, Louis Dreyfus Company, Archer Daniels Midland, Buhler Group, Gemtek Products.
The palm industrial oil 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 Industrial Oil 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 Industrial Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palm Industrial Oil 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 Industrial Oil 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 Industrial Oil Market Size & Forecast, 2020-2028
4.5.1 Palm Industrial Oil Market Size and Y-o-Y Growth
4.5.2 Palm Industrial Oil 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 Grade I (Light)
5.2.2 Grade II (Medium)
5.2.3 Grade III (Heavy)
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 Biofuel
6.2.2 Paints and Coatings
6.2.3 Cosmetics and Personal Care
6.2.4 Pharmaceuticals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palm Industrial Oil 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 Industrial Oil 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 Grade I (Light)
9.6.2 Grade II (Medium)
9.6.3 Grade III (Heavy)
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 Biofuel
9.10.2 Paints and Coatings
9.10.3 Cosmetics and Personal Care
9.10.4 Pharmaceuticals
9.10.5 Others
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 Grade I (Light)
10.6.2 Grade II (Medium)
10.6.3 Grade III (Heavy)
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 Biofuel
10.10.2 Paints and Coatings
10.10.3 Cosmetics and Personal Care
10.10.4 Pharmaceuticals
10.10.5 Others
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 Grade I (Light)
11.6.2 Grade II (Medium)
11.6.3 Grade III (Heavy)
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 Biofuel
11.10.2 Paints and Coatings
11.10.3 Cosmetics and Personal Care
11.10.4 Pharmaceuticals
11.10.5 Others
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 Grade I (Light)
12.6.2 Grade II (Medium)
12.6.3 Grade III (Heavy)
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 Biofuel
12.10.2 Paints and Coatings
12.10.3 Cosmetics and Personal Care
12.10.4 Pharmaceuticals
12.10.5 Others
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 Grade I (Light)
13.6.2 Grade II (Medium)
13.6.3 Grade III (Heavy)
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 Biofuel
13.10.2 Paints and Coatings
13.10.3 Cosmetics and Personal Care
13.10.4 Pharmaceuticals
13.10.5 Others
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 Industrial Oil Market: Competitive Dashboard
14.2 Global Palm Industrial Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 Bunge Limited
14.3.3 Wilmar International
14.3.4 Louis Dreyfus Company
14.3.5 Archer Daniels Midland
14.3.6 Buhler Group
14.3.7 Gemtek Products
