Fatty Acid Methyl Esters market
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<strong>Fatty</strong> <strong>Acid</strong> <strong>Methyl</strong> <strong>Esters</strong> <strong>market</strong><br />
The fatty acid methyl esters <strong>market</strong> is primarily driven by ever growing demand for biodiesel.<br />
Government funding for research and development of alternative green fuel and rising<br />
awareness among end-users for use of biodiesel is another key driving factor for fatty acid<br />
methyl esters <strong>market</strong>. Capital intensive manufacturing technology and higher cost of<br />
production is one of the major constraints for the industry participants.<br />
Polyol esters, sucrose esters, glyceryl monostearate, isopropyl palmitate, medium chain<br />
triglycerides and glycol esters are key product segments of fatty acid methyl esters <strong>market</strong>.<br />
Medium chain triglycerides was the largest product segment with highest share of total<br />
volume fatty acid methyl esters consumed in 2015. Glyceryl monostearate is likely to exhibit<br />
rapid CAGR during the forecast period owing its increasing usage in bakery products and<br />
confectionaries.<br />
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Some of the key application <strong>market</strong>s for fatty acid methyl esters include, fuel, polymer,<br />
lubricant, coating, food, metalworking fluid and agriculture among others. Fuel was the<br />
largest application <strong>market</strong> of fatty acid methyl esters in 2015. It is also expected to keep<br />
dominating the global fatty acid methyl esters <strong>market</strong> during 2016 to 2021.<br />
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