Market Challenges And Opportunities

Market Dynamics

Increasing environmental concerns due to non-renewable fuel consumption is expected to increase demand for renewable fuel, which in turn will drive growth of palm methyl ester market. Moreover, environmental agencies such as Environmental Protection Agency is taking initiatives to encourage consumption of renewable fuels over diesel, which is expected to drive growth of the market over the forecast period.

Depleting source of fossil fuels and increasing demand for palm methyl ester from various end-use industries such as food and agriculture, automotive, and oil & gas industries are other major factors that are expected to fuel growth of the palm methyl ester market.