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Fatty Acid Methyl Ester Market is estimated to grow at a CAGR of 5.1% during the forecast period of 2023-2030 : Cognitive Market Research
Fatty Acid Methyl Ester Market is estimated to grow at a CAGR of 5.1% during the period of 2023-2030 : Cognitive Market Research
- The fatty acid methyl ester is a by-product of the trans-esterification of methanol and fatty acids. Additionally, it is suggested that fatty acid methyl esters can be produced using a range of biosources, such as soybeans, rapeseed, palm oil, and so forth. It is claimed that rapeseed biodiesel or biofuel has a high oil content, lower carbon emissions, and totally consumes fuels without leaving behind any residue. They are frequently used in a wide range of applications because of their lubricating, oxidation-resistance, and solvency qualities. Animal fat and vegetable oils both serve as the source of fatty acid esters.
Summary:
- The Global Fatty Acid Methyl Ester Market reached USD 43,182.3 million in 2022 and will grow a CAGR of 5.1% during the forecast period (2023-2030).
"To know more about The Fatty Acid Methyl Ester Market statistics click here: https://www.cognitivemarketresearch.com/fatty-acid-methyl-ester-market-report
Market Dynamics
- The rising demand for fatty acid methyl ester which is used as a substitute for diesel fuel dominates the growth of the global fatty acid methyl ester market. In addition, increasing consumer spending on green products and rising awareness about the harmful effects of chemicals used in cosmetic products are likely to drive the demand for the global market. This is attributed to these are easily biodegradable and less harmful to the environment, and they help to prevent problems such as global warming that dominate the global market growth. Furthermore, increasing awareness and preference towards biodiesels will offer opportunities for the growth of the market.
• What are the restraining factors for the global fatty acid methyl esters market?
However, high fatty acid esters costs and, as a result, high raw material obtaining costs. The easy accessibility of the desired raw materials in emerging regions might result in overcrowding in certain areas may hamper the growth of the global market.
Market Segmentation:
Product Type:
• Glyceryl monostearate
• Medium-chain triglycerides
• Polyol esters
• Glycol esters
• Isopropyl palmitate
• Sucrose esters
Based on product type, Medium-chain triglycerides dominate the global fatty acid methyl esters market due to their increasing use in the food industry.
Application:
• Fuels
• Detergents & Surfactants
• Lubricants & Metal Working Fluids
• Paints & Coatings
• Personal Care & Cosmetics
• Food Additives
• Agrochemicals
• Others (Wetting Agents, Plasticizers, etc.)
Based on application the fuel segment dominates the growth of the global fatty acid methyl esters market. This is attributed to the increased use of fuel in vehicles drives the demand for the global market.
Source:
• Vegetable Oils
• Animal Fats
• Used Cooking Oils
Based on the source, the global market is segmented into animal fats, vegetable oils, and used cooking oils. The vegetable oils segment is forecasted to dominate the global market.
The Major Players in Fatty Acid Methyl Ester Market are:
Archer Daniels Midland, Wilmar, BASF SE, Cargill, KLK Oleo, Berg + Schmidt, P&G, Emery Oleochemicals, Longyan Zhuoyue New Energy, Western Lowa Energy, Evonik Industries, Biofuels, Diester Industries, Green Fuels, Novaol
Get free sample pages of the latest published Fatty Acid Methyl Ester Market Report: https://www.cognitivemarketresearch.com/fatty-acid-methyl-ester-market-report#request_sample
Regional Analysis:
- North America has the highest revenue share in the global fatty acid methyl esters market.
North America region is forecasted to dominate the growth of the global fatty acid methyl esters market with the highest growth rate. This is attributed to increasing demand from the end-use industry in the United States. Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to increasing consumer spending on green products and rising awareness about the harmful effects of chemicals used in cosmetic products in the country
Market Recent Development:
• Pertamina has released engine oil that can accommodate 20% biodiesel mixes
In May 2020, Pertamina has released engine oil that can accommodate 20% biodiesel mixes. The state-owned oil and gas corporation expects to use up to 5.14 million kiloliters of fatty acid methyl esters (FAME) to blend with petroleum diesel fuel when the 20% biodiesel mix is eventually put into place. In order to support Indonesia's required biodiesel program, Pertamina has prepared 63 gasoline terminals in 31 cities to store diesel fuel and act as distribution hubs.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Fatty Acid Methyl Ester Market
• 3.1 Global Fatty Acid Methyl Ester Market Size 2018 - 2030, (USD Million)
• 3.2 Global Fatty Acid Methyl Ester Value, Absolute & Opportunity Analysis
• 3.3 Global Fatty Acid Methyl Ester Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Fatty Acid Methyl Ester Market Statistics 2022: Snapshot
Chapter 4 Global Fatty Acid Methyl Ester Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Fatty Acid Methyl Ester Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Fatty Acid Methyl Ester Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Fatty Acid Methyl Ester Market by Source Segmentation Analysis (2018-2030)
Chapter 12 Global Fatty Acid Methyl Ester Market Regional Analysis
• 12.1 Detailed Qualitative Analysis
• 12.2 Global Fatty Acid Methyl Ester Market Revenue by Region (2018-2030)
• 12.2 Global Fatty Acid Methyl Ester Market Share (%) by Region (2018-2030)
Chapter 13 North America Fatty Acid Methyl Ester Market Outlook (2018 - 2030)
Chapter 14 Europe Fatty Acid Methyl Ester Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Fatty Acid Methyl Ester Market Outlook (2018 - 2030)
Chapter 16 Latin America Fatty Acid Methyl Ester Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Fatty Acid Methyl Ester Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Fatty Acid Methyl Ester Market TOC click here: https://www.cognitivemarketresearch.com/fatty-acid-methyl-ester-market-report#table_of_contents
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• Fatty Acid Ester Market - https://www.cognitivemarketresearch.com/fatty-acid-ester-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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