Global Fatty Acid Methyl Ester (FAME) Market, By Market Type (Rapeseed Methyl Ester, Soya Methyl Ester, Palm Oil Methyl Ester, Other), By Application (Lubricants, Fuels, Coatings, Metal Working Fluids, Food & Agriculture, Other), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Fatty Acid Methyl Ester (FAME) Market
The Global Fatty Acid Methyl Ester (FAME) Market is expected to reach USD 25.2 billion by 2025, from USD 17.1 billion in 2017 growing at a CAGR of 5.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Fatty Acid Methyl Ester (FAME) Market
Fatty acid methyl ester (FAME) is produced by transesterification process of animal fats, vegetable oils and waste cooking oils. It is non – toxic and biodegradable. FAME is widely used in cosmetics and personal care such as lotions, creams, moisturizers. It is mainly used in the in the production of biodiesel. It does not require any modification to the diesel engine to use biodiesel; there are several benefits of using biodiesel such as it reduces the exhaust emissions and low toxic in comparison to diesel fuel. FAME has a wide application such as - cosmetics, pharmaceutical, detergents, personal care, coatings, lubricants, food and agriculture. According to National Center for Biotechnology Information (NCBI), it has been estimated that by 2050, the people falling under the age of 80 years will contribute 10.4% of the Poland population as compared to that of 2013 which was 3.9%. As per the Africa Agriculture Status Report, in 2017, the World Bank estimated that by 2030 the growth in African food market will increase from USD 1 trillion toUSD 300 billion. By 2050 demand for food is also projected to be doubled. This above factor proves that the demand for cosmetics, biodiesel and food products around the globe is growing and will drive the demand for fatty acid methyl ester (FAME).
- High demand because it can be used as a substitute for diesel fuel.
- Increasing demand because it is non – toxic and biodegradable.
- Rising demand in the cosmetic industry as it is an organic compound.
- High cost of production.
- Gap between demand and supply.
Global Fatty Acid Methyl Ester (FAME) Market Segmentation:
By Market Type
- Rapeseed Methyl Ester
- Soya Methyl Ester
- Palm Oil Methyl Ester
- Fuels, Coatings
- Metal Working Fluids
- Food & Agriculture
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Landscape: Global Fatty Acid Methyl Ester (FAME) Market
The global fatty acid methyl ester (FAME) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the fatty acid methyl ester (FAME) market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Fatty Acid Methyl Ester (FAME) Market
The key players operating in the global Fatty Acid Methyl Ester (FAME) market are –
- P&G Chemicals
- Cargill Inc.
- BASF S.E.
The other players in the market are KLK Oleo, Archer Daniels Midland Company, Wilmar International Limited, Berg + Schmidt, Emery Oleochemicals Group, Longyan Zhuoyue New Energy Co. Ltd., Alnor Oil Co. Inc, Avantor Performance Materials, Eastman Chemical Company, FUSHIMI Pharmaceutical Co., The Chemical Company, Velsicol Chemical LLC, Smart Chemicals Group Co., Swastik Industries, Hemadri Chemicals among others.
Research Methodology: Global Fatty Acid Methyl Ester (FAME) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global fatty acid methyl ester (FAME) market.
- Analyze and forecast the fatty acid methyl ester (FAME) market on the basis of market type and application.
- Trends of key regional and country-level markets for market type and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.