Palm methyl ester is a base used for producing biodiesel. It is produced from palm oil in a chemical process is known as transesterification. Methanol acts as a catalyst to convert palm oil to methyl ester. Palm oil cannot be directly used as engine oil due to higher viscosity than that of petroleum products. It is first converted to smaller molecules of methyl ester before being used as a diesel fuel. Palm methyl ester is a ready substitute for diesel. It is successfully tested and used as fuel for power stations and passenger cars. Increasing use of this substitute fuel is driving the palm methyl ester market. It is expected to witness significant growth in the coming years.
Based on applications:
Metal Working Fluids
The research report analyzes different market segments and major geographies. It is a complete analysis of the current market trends, industry growth drivers, factors affecting market growth, and market predictions for the coming years. The report includes analysis of recent technological developments in this market, Porter’s five force analysis, and company profiles of the top industry players. It also provides a review of the micro and macro factors significant for the existing players and new entrants along with detailed value chain analysis.
The major geographies analyzed under this research study are North America, the Asia-Pacific, Europe and the Rest of the World.
Some of the major players in this industry are OnBiz Enterprise, PG Worldwide Trade SDN BHD, Ruchi Soya Industries Ltd., Pure Diesel Co. Ltd., Alternative Fuels Holdings Sdn Bhd, RITS, Krishna Tradings, Bioinvent Sdn Bhd., LOL Oleochemicals Sdn. Bhd., International Source, Hanzhong Yongyang Rasha Petroleum Pvt. Ltd., AM Biofuels Sdn Bhd., Mill Trade Co. Ltd., Natural Fuel PTE Ltd., Green and Natural Sdn Bhd., Agricode Bio-Technology Pte Ltd., and others.
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