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Analysis of Palm Kernel Oil Market applications and companies active in the industry

Global Palm Kernel Oil Market size is anticipated to witness decent growth in the forecast period.<br><br><br>Get more details @ https://goo.gl/iiHeXj

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Analysis of Palm Kernel Oil Market applications and companies active in the industry

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  1. Palm Kernel Oil Market Analysis, Trends & Forecast to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Palm Kernel Oil Market : • U.S. food industry is forecasted to grow at a decent CAGR till 2024 owing to increased consumption of packaged food and beverage products. This makes North America a significant contributor in palm kernel oil market as it is used as a cooking oil in food preparation. Asia Pacific is likely to register healthy growth during the forecast period due to its developing cosmetics and personal care industry. Emerging economies like India have witnessed increased purchasing power of people along with improved living standard and this has contributed to a healthy cosmetic industry in the region. Europe is recognized globally in vehicle production and hubs major giants such as Volkswagen, BMW, and Mercedes-Benz. Along with automobile manufacturing, it is indulged in research of alternate fuels for the vehicles and has evolved with biodiesel technology. Escalating consumption of biodiesel in Germany, Spain and other countries has led to an upsurge in palm kernel oil market in Europe.

  3. Application Analysis of Palm Kernel Oil Market : • Palm kernel oil is also extensively consumed in lubricant and biodiesel applications. One such application includes formulation of biodiesel by using sodium hydroxide pellets and methanol along with palm kernel oil in trans-esterification reaction. When 0.7g sodium hydroxide and 37g methanol is trans-esterified with 187g palm kernel oil, it results in conversion of 90.53% palm kernel oil feedstock and 15.2g glycerol. Biodiesel helps in reducing greenhouse gas emission by 58 to 85%. Escalating biodiesel usage in vehicles due to its affordability and environment friendly nature as compared to other fuels is likely to propel palm kernel oil market between 2017 and 2024.

  4. Competitive Market Share of Palm Kernel Oil Market : • Prominent manufacturers in the market include Alami Group, Musim Mas Group, Kulim Bhd, London Sumatra, IOI Corp, PT Astra Agro Lestari Tbk, Godrej Agrovet Limited, Golden Agri Resources Limited, Sime Darby, Wilmar International Limited, United Palm Oil Industry Public Company Limited and Cargill Inc.

  5. Browse Full Market Research Report On Palm Kernel Oil Market @ https://goo.gl/iiHeXj Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1659

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