Methyl Oleate Market Trends

Growth Drivers

Rapid Growth of the Chemical Industry - The increasing use of chemicals by other industries fuels the growth of the chemical industry. Also, the high price of chemicals and closure of many plants across China, and high inflation during the pandemic are estimated to boost the methyl oleate market. The total industrial production in 2022 raised from 0.6% to 3.9%.
Increasing Demand for Food and Beverages - 11.9% of U.S household consumer expenditures share was occupied by food ranking third in 2020.
High Demand for Detergent Surfactants Such as Methyl Ester Ethoxylates - The value of detergents and washing preparations increased from 99.5 in 2009 to 111.3 in 2019.
Growing Paint Industry – The total number of paint and coating establishments in United States in 2020 was 50,000.
Increase Use of Personal Care and Cosmetic Products - The average annual expenditure on personal care products raised from 762 in 2017 to 786 in 2019

Challenges

High Cost of Methyl Oleate – owing to the rising prices of chemicals globally. The disadvantage is associated with the large amount of energy required in the reboiler to purify the mixture is expected to hinder market growth in the near future.
Increasing Use of Ethyl Oleate
Industries Still Use Conventional Chemicals

Methyl Oleate Market: Key Insights

Base Year	2022
Forecast Year	2023-2033
CAGR	~5%
Base Year Market Size (2022)	~ USD 2 Billion
Forecast Year Market Size (2033)	~ USD 3 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

Base Year	2024
Forecast Year	2025-2037
CAGR	5.3%
Base Year Market Size (2024)	USD 2.21 billion
Forecast Year Market Size (2037)	USD 4.32 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of methyl oleate is assessed at USD 2.4 billion.

The 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. Rapid growth of chemical industry and growing paint industry will boost the market growth.

North America industry is poised to hold largest revenue share by 2037, led by stringent regulations on the use of synthetic chemicals owing toir ill effects on health and the environment.

The major players in the market are Tokyo Chemical Industry Co., Ltd., Lion Corporation, KLK OLEO, Croda International Plc, acme synthetic chemicals, Tri-Tech Chemical Company, Hebei Jingu Plasticizer Co., Ltd., Victorian Chemical Company Pty Ltd, Wilmar International Limited

Methyl Oleate Market Trends