Fatty Acid Methyl Ester Market to Grow with a CAGR of 4.73% through 2031F
Increase in the use of fatty acid methyl ester in biodiesel to drive the growth of global fatty acid methyl ester market 2027-2031.
According
to TechSci Research report, “The Global Fatty Acid Methyl Ester Market is projected to grow from USD 18.94 Billion in 2025 to USD 24.99 Billion by 2031 at a 4.73% CAGR. Fatty Acid Methyl Esters (FAME) are a class of compounds primarily derived from the transesterification of natural fats and oils with methanol, predominantly utilized as biodiesel. The market for FAME is significantly propelled by the increasing global demand for renewable energy and the subsequent governmental support through favorable policies and blending mandates. Expanding industrial applications, alongside a growing emphasis on decarbonization and sustainability objectives, further contribute to market expansion.”,
global fatty acid methyl ester market is expected to
grow at steady CAGR during the forecast period. Utilisation of FAME in metals of engines as well in
production facility is one of the major factors which is expected to
bode well for the growth of global fatty acid methyl ester through the forecast
period. This is because FAME helps in nullifying the corrosion caused by free
fatty acids. Moreover, enactment of stringent environmental regulations by the
government across the globe is further anticipated to drive the market growth
in the coming years. Furthermore, growing requirement for the safety of fuel is
making the developing countries to search for alternative fuels such as
biodiesel. Depleting fossil fuel reserves is therefore supposed to drive the
growth of the fatty acid methyl ester market, as fatty acid methyl ester is a main
raw material which is being used during its manufacturing. The FAME is used in leather,
food, agriculture, and many other industries because of its superior properties,
like high lubricity, biodegradability and non-toxicity. However, incompatibility
of fatty acid with seal and hoses that are produced from natural rubber,
polypropylene materials, etc. is one of the key factors that might restrain the
growth of global fatty acid methyl ester market through 2025.
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Global
fatty acid methyl ester market can be segmented based on product, application, company and
region. Considering the product, the market is fragmented into glyceryl
monostearate, medium chain triglycerides, polyol esters, glycol esters,
isopropyl palmitate and sucrose esters. The medium chain triglycerides segment dominated
the global fatty acid methyl ester market and is further anticipated to lead
the market during the forecast period as these medium chain triglycerides are
widely used in food industries. Additionally, glyceryl monostearate segment is also
expected to witness rapid growth over the years to come, which can be
attributed to its use as an emulsifier in confectionaries and baking
preparations.
Biofuels
Corporation, ADM Biodiesel, Diester Industries, Evonik Industries, Cargill,
Green Fuels, Biopetrol Industries, Western Lowa Energy, P&G Chemicals, Novaol
are among others are the leading players operating in global fatty acid methyl
ester market. The leading players are adopting several growth strategies to
enhance the market scenario of fatty acid methyl ester. Other some their
competitive strategies include research and development activities for product
development and technological advancements, along with integration through
supply chain management.
Major companies operating in Global Imaging Chemicals Market are:
- Bunge Limited
- Cargill, Incorporated
- Louis Dreyfus Company B.V.
- Wilmar International Limited
- Neste Oyj
- Renewable Energy Group, Inc.
- Archer Daniels Midland Company
- Green Biofuels, Inc.
- Kraft Heinz Company
- PetroChina Company Limited
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“North America is forecast to dominate the global fatty acid methyl
ester market during the next five years on the account of high biodiesel
production in the region. Additionally, stringent environmental regulations are
expected to contribute to the growth of fatty acid methyl ester market.
Furthermore, increased product demand from end-use industries in the United
States is further expected to boost the
growth of global fatty acid methyl ester market until 2025.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Fatty Acid Methyl Ester Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Feedstock (Rapeseed, Sunflower, Palm oil, Soybean, Animal Fat and Others), By End-Use (Fuels, Food Processing, Lubricants, Coatings, Pharmaceuticals, Others), By Region and Competition 2021-2031F” has evaluated the future growth potential
of global fatty acid methyl ester market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities in
global fatty acid methyl ester market.
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