Global Trend & Forecast of Fatty Acid Methyl Ester (FAME) Market by 2021
Fatty Acid Methyl Ester (FAME) Market by Type (Soya Methyl Ester, Rapeseed Methyl Ester, Palm Oil Methyl Ester), Application (Fuels, Lubricants, Coatings, Food & Agriculture, Metal Working Fluids), and Region - Global Forecast to 2021
Fatty Acid Methyl Ester (FAME) Market by Type (Soya Methyl Ester, Rapeseed Methyl Ester, Palm Oil Methyl Ester), Application (Fuels, Lubricants, Coatings, Food & Agriculture, Metal Working Fluids), and Region - Global Forecast to 2021
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<strong>Fatty</strong> <strong>Acid</strong> <strong>Methyl</strong> <strong>Ester</strong> (<strong>FAME</strong>) <strong>Market</strong> worth 22.13 Billion USD <strong>by</strong> <strong>2021</strong><br />
The report "<strong>Fatty</strong> <strong>Acid</strong> <strong>Methyl</strong> <strong>Ester</strong> (<strong>FAME</strong>) <strong>Market</strong> <strong>by</strong> Type (Soya <strong>Methyl</strong> <strong>Ester</strong>, Rapeseed <strong>Methyl</strong> <strong>Ester</strong>,<br />
Palm Oil <strong>Methyl</strong> <strong>Ester</strong>), Application (Fuels, Lubricants, Coatings, Food & Agriculture, Metal Working Fluids),<br />
and Region - <strong>Global</strong> <strong>Forecast</strong> to <strong>2021</strong>", The fatty acid methyl ester market is expected to grow from USD 17.26<br />
Billion in 2016 to USD 22.13 Billion <strong>by</strong> <strong>2021</strong>, at a CAGR <strong>of</strong> 5.1% from 2016 to <strong>2021</strong>. Increase in the use <strong>of</strong> fatty<br />
acid methyl ester in biodiesel and the growing concern for environment are expected to drive the growth <strong>of</strong><br />
fatty acid methyl ester market.<br />
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Browse 106 market data tables and 53 figures spread through 154 pages and in-depth TOC on “<strong>Fatty</strong> <strong>Acid</strong><br />
<strong>Methyl</strong> <strong>Ester</strong> (<strong>FAME</strong>) <strong>Market</strong>”<br />
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Rapeseed methyl ester is the largest segment <strong>of</strong> the fatty acid methyl ester market<br />
The rapeseed methyl ester segment was the largest segment <strong>of</strong> the global fatty acid methyl ester market. This<br />
can be attributed to the increasing use <strong>of</strong> rapeseed as the primary raw material for fatty acid methyl ester<br />
production, as rapeseed has better oil content than other types <strong>of</strong> raw material for fatty acid methyl ester<br />
manufacturing. Soybean has 18% to 22% oil content, while rapeseed has 30% to 37% oil content. The high<br />
cetane number <strong>of</strong> biodiesel produced from rapeseed oil enables complete combustion and thus lowers<br />
emissions.<br />
Fuel: largest application segment <strong>of</strong> fatty acid methyl ester market<br />
The fuel application segment contributed the largest share to the global fatty acid methyl ester market among<br />
various applications <strong>of</strong> fatty acid methyl ester. This growth can be attributed to the significant rise in demand<br />
from the biodiesel industry. <strong>Fatty</strong> acid methyl ester is the primary constituent <strong>of</strong> biodiesel. Growing<br />
environmental concerns on the use <strong>of</strong> fossil fuel products that increase pollution levels as well as contain toxic<br />
volatile organic compounds, are significantly impacting the market for biodiesel as it can be an environmentfriendly<br />
substituent for fossil fuel.<br />
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North America: largest market for fatty acid methyl ester, globally<br />
North America was the largest market for fatty acid methyl ester in 2015. The rise in the demand for fatty acid<br />
methyl ester in biodiesel production and the stringent environmental regulations in North America are<br />
expected to contribute to the growth <strong>of</strong> fatty acid methyl ester market in this region. Soy methyl ester was the<br />
largest type segment in North America, since North America is a global leader in the production <strong>of</strong> soybean.<br />
The growing application industries, such as fuel, lubricants, and coating, among others are expected to drive<br />
the growth <strong>of</strong> the fatty acid methyl ester market in the region.<br />
Key players operational in the fatty acid methyl ester market include Wilmar International Limited (Singapore),<br />
Cargill Inc. (U.S.), KLK Oleo (Malaysia), ADM Company (U.S.), Emery Oleochemicals (Malaysia), and BASF SE<br />
(Germany) etc.
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