Methyl Oleate Market Size

Methyl Oleate Market size was over USD 2.1 Billion in 2023 and is expected to exceed USD 4.07 Billion by the end of 2036, witnessing over 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of methyl oleate is evaluated at USD 2.2 Billion. The rise in the pesticide industry is attributed to market growth along with the increasing use of methyl oleate as a substitute for methylbenzene in the pesticide industry is expected to have a positive impact on market growth. The national estimates for pest control workers are about 85,370 employees available in 2021 in the United States, as per the U.S. Bureau of Labor Statistics.

The growing chemical industries as well as the increased use of methyl oleate in the petroleum industry as a lubricant along with the rising consumption of petroleum products is estimated to boost the market growth.