Global Fatty Acid Methyl Ester (FAME) Market, By Product (Glyceryl Monostearate, Medium Chain Triglycerides, Polyol Esters, Glycol Esters, Isopropyl Palmitate and Sucrose Esters), Type (Rapeseed Methyl Ester, Soya Methyl Ester, Palm Oil Methyl Ester and Other), Application (Lubricants and Fuels, Surfactants and Detergents, Personal Care and Cosmetics, Food and Pharmaceutical), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Fatty Acid Methyl Ester (FAME) Market
Data Bridge Market Research analyses that the fatty acid methyl ester (FAME) market will witness a CAGR of 6.40% for the forecast period of 2022-2029.
The fatty acid methyl ester is a by-product of the trans-esterification of methanol and fatty acids. Fatty acid methyl esters are also said to be made from a variety of biosources, including rapeseed, palm oil, soybeans, and so on. Rapeseed biodiesel or biofuel is said to have high oil content, reduces carbon emissions, and completely burns fuels, leaving no residue.
The high demand for fatty acid methyl ester can be used as a substitute for diesel fuel, which is the primary driver of market growth. It is also an organic compound, as the growing demand in the cosmetics industry is also a major growth factor in the market growth segment, as it is non-toxic and biodegradable, which will lead to market growth.
Furthermore, its properties such as excellent solubility in organic solvents, good lubricity, and high boiling points are increasing its demand in a variety of end-use industries such as metalworking fluids, lubricants, solvents, fuels, detergents and surfactants, coating and food, to name a few. These are easily biodegradable and less harmful to the environment, and they help prevent problems such as global warming, which is a major factor and thus opens up a lot of market opportunities.
However, fatty acid methyl ester market participants are expected to face challenges due to high fatty acid esters costs and, as a result, high raw material procurement costs. The easy availability of the desired raw materials in the developing areas can lead to the overcrowding in a particular area, which poses a significant challenge to the development of this market.
This fatty acid methyl ester (FAME) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fatty acid methyl ester (FAME) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. Product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on
Global Fatty Acid Methyl Ester (FAME) Market Scope and Market Size
Global fatty acid methyl ester (FAME) market is segmented on the basis of product, material and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the fatty acid methyl ester (FAME) market is segmented into glyceryl monostearate, medium chain triglycerides, polyol esters, glycol esters, isopropyl palmitate, and sucrose esters.
- Based on material, the fatty acid methyl ester (FAME) market is segmented into rapeseed methyl ester, soya methyl ester, palm oil methyl ester and other.
- Based on application, the fatty acid methyl ester (FAME) market is segmented into lubricants and fuels, surfactants and detergents, personal care and cosmetics, food and pharmaceutical.
Fatty Acid Methyl Ester (FAME) Market Country Level Analysis
The fatty acid methyl ester (FAME) market is analysed and market size, volume information is provided by country, basis of product, material and application industry as referenced above.
The countries covered in the fatty acid methyl ester (FAME) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fatty acid methyl ester (FAME) market, which is expected to grow significantly over the forecast period due to high demand from end-user industries in the United States. Regional fatty acid methyl ester market growth is expected to be driven by high fat care product demand. Furthermore, in order to combat global warming, regulatory compliance for biodiesel has been implemented in North America in tandem with the region's market growth.
The country section of the fatty acid methyl ester (FAME) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fatty Acid Methyl Ester (FAME) Market Share Analysis
The fatty acid methyl ester (FAME) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fatty acid methyl ester (FAME) market.
Some of the major players operating in the fatty acid methyl ester (FAME) market are Alnor Oil Company, ADM, Berg + Schmidt GmbH & Co. KG, Cargill, Inorporated., Emery Oleochemicals Group, Longyan Zhuoyue New Energy Co. Ltd., Wilmar International Lt, P&G Chemicals, BASF SE, KLK Oleo, Avantor Performance Materials, Eastman Chemical Company, FUSHIMI Pharmaceutical Co., The Chemical Company, Velsicol Chemical LLC, Smart Chemicals Group Co, Swastik Industries, Nitro Química, Dow, DupPont, Zhejiang Honghao Technology Co. Ltd., SK chemicals and Hemadri Chemicals among others.