In October 2025, the global oleochemicals market is experiencing remarkable growth, projected to reach USD 31.69 billion, up from USD 29.43 billion in 2024, reflecting a CAGR of 7.7%. This surge is closely linked to the rising demand for sustainable and bio-based solutions across industries, as companies increasingly prioritize eco-friendly and renewable ingredients. At Tradeasia International, our extensive network in palm and oleochemical trading ensures businesses have access to reliable supply channels, timely market insights, and high-quality feedstocks, enabling them to remain competitive in this rapidly evolving market.

Unlocking the Potential of Methyl Palmitate

Methyl Palmitate, a fatty acid methyl ester derived from palm oil, has become indispensable across several industrial applications. The global methyl palmitate market was valued at USD 2.43 billion in 2023 and is projected to grow at a CAGR of 5.23%, reaching nearly USD 3.47 billion by 2030. The Asia Pacific region, particularly Indonesia and Malaysia, remains a major production hub, supplying high-quality raw materials to meet the growing demand. Methyl Palmitate's versatility is evident in its use in personal care and cosmetics as an emollient and emulsifier, in biodiesel production as a renewable energy source, and in lubricants and industrial applications for improved performance. Experts note that aligning with reliable partners such as Tradeasia International can secure consistent feedstock supply and provide strategic market insights. Understanding production trends, regulatory updates, and shifting consumer preferences is crucial for firms looking to capitalize on opportunities in October and beyond, while ensuring sustainable growth and supply chain stability.

Sources:

  1. Oleochemicals Market Report 2025 – The Business Research Company
     

  2. Methyl Palmitate Market Report 2025 – Maximize Market Research
     

  3. Tradeasia International – Palm & Oleochemicals