Fatty Acid Methyl Ester Market Share, Industry News, Applications, Growth with Analysis Report 2023
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.
By type, the medium chain triglyceride is the fastest growing type of FAME among others due to surging demand from the foods & beverages industry. Glyceryl monostearate, another substantial type of FAME, is majorly used as an emulsifier in baking operations.
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.
BASF S.E. (Germany), Archer Daniels Midland Company (ADM) (U.S.), Cargill Inc. (U.S.), Wilmar International Limited (Singapore), Procter & Gamble (Singapore), Emery Oleochemicals Group (Malaysia), Evonik Industries AG (Germany), KLK Oleo (Malaysia), Longyan Zhuoyue New Energy Co. Ltd. (China), and Alnor Oil Co. Inc. (U.S.)
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Fatty Acid Methyl Ester (FAME) Market
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Detailed Regional Insights:
The global fatty acid methyl ester (FAME) market is spanned across five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Asia Pacific held over 40% share of the market share in 2016 and is expected to dominate the global market during the forecast period, 2018–2023. Rapid industrialization, growing automotive industry, and prospective growth scenario of the food processing industry is driving the growth of the regional market. The developing countries such as India, China, Vietnam, Myanmar, and Indonesia are the major contributors to the regional market.
North America is the second largest region in the global market. This region projected to occupy a significant share in the global fatty acid methyl ester (FAME) market on account of the huge production of the product and increasing demand as a fuel additive due to stringent environmental regulation favoring the growth of the regional market.
Europe is following North America in terms of market size. Latin America and the Middle East & Africa are other substantial regions in this market, which are expected to follow the leading regions in the years to come.
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