According to TechSci Research report, “Global Fatty Acids Methyl Ester Market By Product (Glyceryl Monostearate, Medium Chain Triglycerides, Polyol Esters, Glycol Esters, Isopropyl Palmitate and Sucrose Esters), By Product (Glyceryl Monostearate, Medium Chain Triglycerides, Polyol Esters, Glycol Esters, Isopropyl Palmitate and Sucrose Esters), By Region, Competition, Forecast & Opportunities, 2025”, global fatty acid methyl ester market is expected to grow at steady CAGR during the forecast period.
The Important Factors of Fatty Acids Methyl Ester Market
The utilization of FAME in metals of engines as well as in a 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, the enactment of stringent environmental regulations by the government across the globe is further anticipated to drive market growth in the coming years. Furthermore, the growing requirement for the safety of fuel is making developing countries 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 the main raw material that 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, the incompatibility of fatty acid with seals and hoses that are produced from natural rubber, polypropylene materials, etc. is one of the key factors that might restrain the growth of the global fatty acids methyl ester market through 2025.
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The global fatty acids 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 acids 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, the 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.
The Major competitors of the Fatty Acid Methyl Ester Market
- Biofuels Corporation
- ADM Biodiesel
- Diester Industries
- Evonik Industries
- Cargill
- Green Fuels
- Biopetrol Industries
- Western Lowa Energy
- P&G Chemicals and Novaol are among others the leading players operating in the 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 competitive strategies include research and development activities for product development and technological advancements, along with integration through supply chain management.
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“North America is forecast to dominate the global fatty acids methyl ester market during the next five years on account of high biodiesel production in the region. Additionally, stringent environmental regulations are expected to contribute to the growth of the 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 the global fatty acids methyl ester market until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Fatty Acids Methyl Ester Market By Product (Glyceryl Monostearate, Medium Chain Triglycerides, Polyol Esters, Glycol Esters, Isopropyl Palmitate and Sucrose Esters), By Product (Glyceryl Monostearate, Medium Chain Triglycerides, Polyol Esters, Glycol Esters, Isopropyl Palmitate and Sucrose Esters), By Region, Competition, Forecast & Opportunities, 2025” 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 make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global fatty acids methyl ester market.
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