Methyl Oleate Market size was valued at USD 2.21 billion in 2024 and is expected to reach USD 4.32 billion by 2037, registering around 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of methyl oleate is assessed at USD 2.4 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.
Author Credits: Rajrani Baghel
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