Palm Industrial Oil Market

The biodiesel industry is expected to become a major source of revenue for industrial oil manufacturers in the next few years due to its reduced impact on the environment. Due to the development of the chemical, biodiesel and cosmetics industries, the industrial sectors of emerging countries in the Asia-Pacific region are also growing, of which China and India are the hubs of industrial oils. The industrial oil market is divided into soybeans, corn, sunflower, cottonseed, rapeseed, palm and others (olive oil, safflower, copra, peanut, linseed / flaxseed and grapeseed). The palm oil market is expected to account for the largest share of the global market in 2019. The Asia Pacific market has witnessed rapid growth in Indonesia and Malaysia, which account for more than 85% of global palm oil. This provides growth opportunities for palm oil manufacturers in these countries as they can export and use them domestically in industries such as biofuels.
Palm Industrial Oil Market contains market size and forecasts of Palm Industrial Oil in global, including the following market information:
Global Palm Industrial Oil Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Palm Industrial Oil Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Palm Industrial Oil companies in 2021 (%)
The global Palm Industrial Oil market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Grade I (Light) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Palm Industrial Oil include Cargill, Bunge Limited, Wilmar International, Louis Dreyfus Company, Archer Daniels Midland, Buhler Group and Gemtek Products, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Palm Industrial Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Palm Industrial Oil Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Palm Industrial Oil Market Segment Percentages, by Type, 2021 (%)
Grade I (Light)
Grade II (Medium)
Grade III (Heavy)
Global Palm Industrial Oil Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Palm Industrial Oil Market Segment Percentages, by Application, 2021 (%)
Biofuel
Paints and Coatings
Cosmetics and Personal Care
Pharmaceuticals
Others
Global Palm Industrial Oil Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Palm Industrial Oil Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Palm Industrial Oil revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Palm Industrial Oil revenues share in global market, 2021 (%)
Key companies Palm Industrial Oil sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Palm Industrial Oil sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cargill
Bunge Limited
Wilmar International
Louis Dreyfus Company
Archer Daniels Midland
Buhler Group
Gemtek Products