Palm Methyl Ester Market - Global Industry Size, Market Share, Trends, Analysis, And Forecasts 2012 - 2018
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.
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Market Segmentation
Based on applications:
Lubricants
Automotive
Hydraulic Fluid
Biodegradable Lubes
Transformers
Fibers
Fuel
Trucks
Rail Roads
Heating Candles
Generators
Food
Emulsifiers
Polymers
Plasticizer
Coatings
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