Fatty Acid Methyl Ester Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Fatty acid methyl ester is a class of fatty acid esters which is derived by transesterification of fats with methanol. The physical properties of fatty acid methyl esters are more similar to petroleum diesel than pure vegetable oils. The mixture of different fatty acid methyl esters is usually referred as bio diesels. Fatty acid methyl esters is a nontoxic, biodegradable biodiesel that can be produced from a wide range of oil seeds such as sunflower, palm, soy as well as animal fats. It can be used both as a blending component in fossil diesel and also as a pure fuel. Fatty acid methyl ester is fully miscible with fossil diesel and is used to improve lubricating properties. It can also be used as pure fuel in the form of B100.

MARKET DYNAMICS

The global fatty acid methyl ester market is growing at a significant pace owing to driving factors such as increasing demand for fatty acid methyl esters from end-use industries such as leather, coatings, energy, oil, agriculture, and lubricants. It is growingly used as a green solvent in the paints and coating industry owing to its biodegradability and low volatile organic compound content. Growing demand for biodiesel due to its environment-friendly nature, low carbon and green house gas emissions, as well as reduced particulate matter emissions has earned it a large consumer base. The gradual transition of automotive sector to green mobility is anticipated to drive the global fatty acid methyl esters market in the forecast period. Moreover, in leather chemical industry, it is used to produce leather fat liquoring agent, which is used as an excellent textile detergent. Growing detergents demands is anticipated to spur the growth of the global fatty acid methyl esters market growth in the forecast period. As fatty acid methyl esters are biodegradable in nature they should be consumed within six months to avoid oxidation and polymerization process of fatty acid methyl esters. The short storage time compared to petrol based fuels is a drawback to the fatty acid methyl esters industry. Vehicles that run on pure fatty acid methyl esters also need approval by the vehicle manufacturer to ensure compatibility of materials and engine settings. The incompatibilty of fatty acid with seal and hoses made from natural rubber, polyvinyl, and polyprpoylene materials is anticipated to slow the growth of fatty acid methyl esters to some extent.

MARKET SCOPE

The "Global Fatty Acid Methyl Ester Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fatty acid methyl ester market with detailed market segmentation by, type, application, and geography. The global fatty acid methyl ester market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fatty acid methyl ester market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global fatty acid methyl ester market is segmented on the basis of, type and application. On the basis of type, the fatty acid methyl ester market is segmented into, rapeseed methyl ester, soy methyl ester, palm oil methyl ester, and other methyl ester. Based on application, the global fatty acid methyl ester market is segmented into, fuels, lubricants, coatings, metal working fluids, food & agriculture, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fatty acid methyl ester market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fatty acid methyl ester market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the fatty acid methyl ester market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fatty acid methyl ester market in these regions.

MARKET PLAYERS

The reports cover key developments in the fatty acid methyl ester market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from fatty acid methyl ester market are anticipated to lucrative growth opportunities in the future with the rising demand for fatty acid methyl ester in the global market. Below mentioned is the list of few companies engaged in the fatty acid methyl ester market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fatty acid methyl ester market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Alnor Oil Company
•  Archer Daniels Midland Company (ADM)
•  BASF SE
•  Berg + Schmidt
•  Cargill, Incorporated
•  Emery Oleochemicals
•  KLK OLEO
•  P&G Chemicals
•  TCI Chemicals (India) Pvt. Ltd.
•  Wilmar International Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Fatty Acid Methyl Ester Report Scope