FAME (fatty acid methyl ester) is a form of fatty acid ester produced by transesterifying fats with methanol. The primary molecules in biodiesel are FAME, which are obtained by transesterification from vegetable oils. When base chemicals like sodium methoxide, potassium hydroxide, or sodium hydroxide are present, an alkali-catalyzed reaction between methanol and lipids produces FAME, which is employed in the manufacturing of biodiesel and detergents. The most widely accessible biodiesel type in the marine industry is FAME-based biofuel, which is typically blended with regular marine diesel. FAME's application in the food industry as a thickening & emulsifying agent is expected to drive the market growth during the forecast period.
Market Dynamics
Growing demand for fatty acid methyl ester from various end-use industries is expected to benefit the global fatty acid methyl esters market. Fatty acid methyl ester is the most preferred alternative to conventional mineral-based products for applications in lubricants, paints & coatings, food & agriculture, detergent & surfactants, metal working, emulsifiers, and others. This is owing to its superior properties such as high lubricity, excellent solubility inorganic solvents, high boiling points, non-toxicity, and biodegradability. Additionally, growing demand for fatty acid methyl ester in agrochemicals such as pesticide and fertilizer preparation is anticipated to further drive the fatty acid methyl ester market growth. Thus, the aforementioned properties and applications are expected to be key factors driving the global fatty acid methyl ester market growth over the forecast period.
However, the market's growth is expected to be restrained by high manufacturing costs due to unpredictable prices of raw materials and the global outbreak of coronavirus. Fatty acid esters required high processing cost. As a result, emerging nations such as Asia Pacific and the Middle East and Africa are still not able to employ high-cost technologies, which could limit the market for fatty acid esters.
Key features of the study:
- This report provides an in-depth analysis of the global fatty acid methyl esters market, and provides market size (US$ Million & Kilotons) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global fatty acid methyl esters market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Acme Synthetic Chemicals, ADM (Archer Daniels Midland Company), Berg + Schmidt GmbH & Co. KG, Cargill, Incorporated, Chemrez Technologies, Inc., CREMER OLEO GmbH & Co. KG, Elevance Renewable Sciences, Inc., Emery Oleochemicals, Godrej Industries Limited, JNJ Oil Industries, Inc., KLK OLEO, Krishi Oil Limited, Mohini Organics Pvt. Ltd., P&G Chemicals, Renewable Energy Group, Inc., Stepan Company, Univar Solutions Inc., Vertec BioSolvents Inc., Victorian Chemical Company Pty Ltd., and Wilmar International Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global fatty acid methyl esters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fatty acid methyl esters market
Detailed Segmentation:
- Global Fatty Acid Methyl Esters Market, By Source:
- Vegetable Oils
- Animal Fats
- Used Cooking Oils
- Global Fatty Acid Methyl Esters Market, By Product Type:
- Methyl Oleate
- Methyl Laurate
- Methyl Myristate
- Methyl Caprate
- Methyl Stearate
- Others (Methyl Palmitate, Coconut Methyl Esters, etc.)
- Global Fatty Acid Methyl Esters Market, By Application:
- Fuels
- Paints & Coatings
- Food Additives
- Detergents & Surfactants
- Lubricants & Metal Working Fluids
- Agrochemicals
- Personal Care & Cosmetics
- Others (Wetting Agents, Plasticizers, etc.)
- Global Fatty Acid Methyl Esters Market, By Region:
- North America
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- By Country:
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Company Profiles
- Acme Synthetic Chemicals*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- ADM (Archer Daniels Midland Company)
- Berg + Schmidt GmbH & Co. KG
- Cargill, Incorporated
- Chemrez Technologies, Inc.
- CREMER OLEO GmbH & Co. KG
- Elevance Renewable Sciences, Inc.
- Emery Oleochemicals
- Godrej Industries Limited
- JNJ Oil Industries, Inc.
- KLK OLEO
- Krishi Oil Limited
- Mohini Organics Pvt. Ltd.
- P&G Chemicals
- Renewable Energy Group, Inc.
- Stepan Company
- Univar Solutions Inc.
- Vertec BioSolvents Inc.
- Victorian Chemical Company Pty Ltd.
- Wilmar International Ltd.
“*” marked represents similar segmentation in other categories in the respective.
