Pune, 7, Dec, 2022: As per Maximize Market research, a global business research and consultancy firm, the total global market for Methyl Palmitate Market was 2.2 Bn in 2021 and is expected to grow at CAGR of 5.2 % over the forecast period to reach 3.3 Bn by 2029
Methyl Palmitate Market Scope and Research Methodology
Methyl Palmitate Market Report offers comprehensive, well-researched data. It offers details on important market players, factors driving the Methyl Palmitate market, a precise estimation of the market size, upcoming trends, changes in consumer behavioural patterns, the market’s competitive landscape, key market vendors, and other Industry features in order to gain an in-depth analysis of the market. Additionally, the report includes a compilation of qualitative and quantitative evaluations made by industry experts and business people from every link in the value chain.
In-depth analysis on the key manufacturers in the market is provided for the competitive analysis of the methyl palmitate market, including their revenue, financial situation, portfolio, technological adoptions, mergers and acquisitions, joint ventures, and strategic alliances. A list of recent market entrants is also provided, along with a discussion of their chances for future growth and the outlook for their businesses. Stakeholders, investors, market participants, followers, and new entrants can use this analysis as a guide to develop their investment strategies and marketing plans by getting a broad overview of the methyl palmitate market.
For a segment-wise analysis of the Methyl Palmitate Market, it is divided by Type, Source, Application, and for understanding the factors affecting the market growth positively and negatively. The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of the Methyl Palmitate Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Methyl Palmitate Market.
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Methyl Palmitate Market Overview
Methyl palmitate (MP), a naturally occurring fatty acid ester, is known to suppress the growth of inflammatory cells. A muscarinic receptor antagonist is methyl palmitate (PAME), a fatty acid ester of palmitic acid. Upon electrical depolarization, methyl palmitate acts as a vasodilator and relaxes the arterioles in the retina. Nicotinic receptors are modulated by methyl palmitate in the superior cervical ganglion. The superior cervical ganglion’s nicotinic receptor-mediated transmission is modified by endogenous methyl palmitate.
Methyl palmitate has frequently been used as a standard to assess the impact of cerebral blood flow using laser Doppler flowmetry (LDF) tests and to calculate retention indices (RIs) using a gas chromatograph-mass spectrometer. The manufacturing of detergents, emulsifiers, wetting agents, stabilisers, resins, lubricants, plasticizers, and animal feeds also uses methyl palmitate more and more frequently as a raw ingredient. The demand for methyl palmitate is expected to increase from a variety of end users over the forecast period. The Methyl Palmitate market, however, has tremendous potential due to growing Methyl Palmitate penetration in pharmaceuticals for the treatment of liver cancer.
Methyl Palmitate Market Dynamics
Methyl palmitate is commonly used as a raw ingredient for emulsifiers or oiling agents for meals, spin finishes, textiles, plastic lubricants, paint and ink additives, surfactants, and fundamental components for scent in a number of industries. In the agricultural industry, they are also used as oil transporters, solvents, or cosolvents. The Methyl Palmitate market is expected to be driven by the increased demand from various sectors. Methyl palmitate prevents bleomycin-induced lung fibrosis and inflammation in rats by acting as an anti-inflammatory and anti-fibrotic medication. Methyl palmitate is therefore frequently used in laboratories for research involving rats.
Agents that protect the heart and reduce the risk of cardiotoxicity are known as cardioprotective agents. The cardioprotective properties of natural compounds have recently drawn a lot of interest. Because methyl palmitate (MP) is a naturally occurring methyl ester, it is widely used in the pharmaceutical business as a naturally occurring cardioprotective agent, which is what is causing the Methyl Palmitate industry size to grow.
MP showed anti-inflammatory activity as evidenced by a decrease in pro-inflammatory cytokine production and an increase in anti-inflammatory cytokine expression. Additionally, increased anti-apoptotic protein expression and decreased pro-apoptotic protein expression showed that MP had anti-apoptotic effects. Due to MP’s antioxidant, anti-inflammatory, anti-apoptotic, anti-fibrotic, and vasodilatory properties, it has significant cardioprotective advantages. These qualities expected to grow Methyl Palmitate Market substantially throughout the forecast period.
Methyl Palmitate Market Regional Insights
APAC held the largest Methyl Palmitate Market share of about 38% in 2021. The significant usage of methyl palmitate in personal care and cosmetics goods is also expected to help the region maintain its dominance over the forecast period. The region’s manufacturing and food processing industries have been notably fueled by rising industrial production and population expansion, particularly in China, India, and Southeast Asia.
North American market is expected to the fastest growing market in the forecast period. The demand for natural ingredients and cosmetic products is increasing as awareness of environmental and health issues grows. Demand for products is expected to be driven by rising standards of living, an increase in attention paid to appearance, beauty, and grooming, primarily as a result of social media influence, shifting consumer perceptions, and the implementation of new promotional strategies by major personal care companies.
Methyl Palmitate Market Segmentation
- Palm Oil
- Coconut Oil
- Sunflower Oil
- Olive Oil
- Peanut Oil
- Others Vegetable Oils
- Wetting Agents
Methyl Palmitate Market Key Manufacturers:
- Merck KGaA (Germany)
- Handan Shijia Chemical Technology Co.,ltd (China)
- Thermo Scientific (US)
- Veeprho (India)
- Glentham Life Sciences (United Kingdom)
- Acme synthetic chemicals (India)
- CYMIT QUÍMICA S.L. (Spain)
- Acme-Hardesty (US)
- Alfa Aesar, Hebei Jingu Group
- Anhui Fengyuan Bio-Energy
- Haiyan Fine Chemical
- CiteAb (United Kingdom)
- Spectrum Chemical Mfg. Corp (US)
- Tokyo Chemical Industry Co., Ltd. (TCI) (Japan)
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Key questions answered in the Methyl Palmitate Market are:
- What is Methyl Palmitate?
- What is the growth rate of Methyl Palmitate Market for the forecast years?
- What is the nature of competition in Methyl Palmitate industry in developed and developing economies?
- Who are the key players in the Methyl Palmitate Market?
- Who are the market leaders in Methyl Palmitate in Europe?
- Who are the market leaders in Methyl Palmitate in USA and Canada?
- Who are the market leaders in Methyl Palmitate in India, China, Japan and South Korea?
- What are the factors affecting growth in the Methyl Palmitate Market?
- Who held the largest market share in Methyl Palmitate Market?
- What are the factors for the growth of Asia-Pacific region in Methyl Palmitate Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Source, Application, and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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