Fatty Acid Methyl Ester (FAME) Market Opportunities by BASF S.E., Wilmar International Limited, Evonik Industries AG, Archer Daniels Midland Company (ADM), Cargill Inc.

The global fatty acid methyl ester (FAME) market is segmented by type, application, and region. On the basis the application, the global fatty acid methyl ester (FAME) market is segmented into fuel, metalworking fluids, lubricant, food, agriculture, coatings, and others. Based on the type, the market is segmented into medium chain triglyceride, isopropyl palmitate, glyceryl monostearate, glycol ester, polyol ester, sucrose ester, and others.

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Leading Players:

BASF S.E.
Archer Daniels Midland Company (ADM)
Cargill Inc.
Wilmar International Limited
Procter & Gamble
Emery Oleochemicals Group
Evonik Industries AG
KLK Oleo
Longyan Zhuoyue New Energy Co. Ltd.
Alnor Oil Co. Inc.

Based on applications, the product is primarily used as a substantial constituent of biodiesel and is preferred over conventional diesel due to non-toxic and biodegradable nature. Additionally, FAME is majorly used to nullify any corrosion that can be caused by free fatty acids to the metals of engines and production facilities. In the food & beverages industry FAME is used an emulsifying and thickening agent. The product finds its usage in a range of applications such as fuel additives, coatings, lubrication, metalworking fluids, and cosmetics & personal care.

Market Overview:

The fatty acid methyl ester is an organic chemical compound, synthesized through transesterification of fatty acids and methanol. It can be derived from the vegetable source such as palm oil, rapeseed, vegetable oil, and soya beans. Rapeseeds are mainly preferred to produce fatty acid methyl ester due to high oil content (over 30%–40%), and it's high cetane content that gives complete combustion as well as lowers the emissions of harmful gases.

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Regional Insights:

The global fatty acid methyl ester (FAME) market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific is the largest regional market across the globe due to increasing industrialization and growing automotive industry along with significant growth of the agriculture sector in this region. Countries namely India, China, South Korea, Malaysia, and Singapore are the major contributors to the growth of this region owing to the significant presence of major end-use industries namely foods & beverages, automotive, agrochemicals.

North America is the second leading region in the global fatty acid methyl ester (FAME) market. The U.S. is the leading market in this region owing to the presence of well-established end-user industries and substantial manufacturers of the FAME such as Archer Daniels Midland Company (ADM), Alnor Oil Co. Inc., and Cargill Inc.

Europe is another substantial region in the global fatty acid methyl ester (FAME) market. The major contributors to the growth of this regional market are the U.K., Germany, France, and Poland, wherein the automotive sector is the major consumer of FAME.

The Middle East & Africa and Latin America are holding a relatively little share of the market. Yet, these regions are projected to have a significant share in the global fatty acid methyl ester (FAME) market during the years to follow.

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This release was published on openPR.