Global Fatty Acid Methyl Esters Market will Reach USD 2,340.0 Million in 2021: atozresearch

The report covers forecast and analysis for the fatty acid methyl esters market on a global and regional level. According to the report, global demand for fatty acid methyl esters market was valued at around USD 1,820.0 million in 2015 and it is expected to reach around USD 2,340.0 million in 2021, growing at a CAGR of slightly above 4.0% between 2016 and 2021.The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the fatty acid methyl esters market on a global level.

In order to give the users of this report a comprehensive view on the fatty acid methyl esters market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the fatty acid methyl esters market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

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The fatty acid methyl esters market is primarily driven by ever growing demand for biodiesel. Government funding for research and development of alternative green fuel and rising awareness among end-users for use of biodiesel is another key driving factor for fatty acid methyl esters market. Capital intensive manufacturing technology and higher cost of production is one of the major constraints for the industry participants.

Polyol esters, sucrose esters, glyceryl monostearate, isopropyl palmitate, medium chain triglycerides and glycol esters are key product segments of fatty acid methyl esters market. Medium chain triglycerides was the largest product segment with highest share of total volume fatty acid methyl esters consumed in 2015. Glyceryl monostearate is likely to exhibit rapid CAGR during the forecast period owing its increasing usage in bakery products and confectionaries.

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Some of the key application markets for fatty acid methyl esters include, fuel, polymer, lubricant, coating, food, metalworking fluid and agriculture among others. Fuel was the largest application market of fatty acid methyl esters in 2015. It is also expected to keep dominating the global fatty acid methyl esters market during 2016 to 2021.

The study provides a decisive view on the fatty acid methyl esters market by segmenting the market based on product, application and region. Polyol esters, sucrose esters, glyceryl monostearate, isopropyl palmitate, medium chain triglycerides and glycol esters are the products of the fatty acid methyl esters. The key end applications for the fatty acid methyl esters market can be classified as fuels, polymers, lubricants, coatings, food, metalworking fluids and agriculture among others. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021.The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.

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The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Western Iowa Energy, Novaol, ADM Biodiesel, Cargill, Biopetrol Industries, Biofuels Corporation, Diester Industries and Green Fuels among others.

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