Global Palm Methyl Ester Market Market To Witness Impressive Growth, Revenue To Surge To USD 1137 Million By 2028
From 2016 to 2021, the global fatty acid methyl ester (FAME) market is predicted to increase at a CAGR of 5.1 percent, from USD 17.26 billion in 2016.
This market study’s key goals are as follows:
To define and segment the global market for fatty acid methyl esters by type, application, and geography.
To value and volume estimate and predict the worldwide fatty acid methyl esters market
To estimate and predict the global market for fatty acid methyl esters by type and application at the nation level in each region.
The goal of this study is to identify and analyse the key drivers, restraints, and opportunities impacting the global fatty acid methyl ester market.
To examine major regional patterns in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
In each matrix type, to strategically identify and profile major market players, as well as to examine their core strengths.
To create a competitive landscape by examining current developments and competitive strategies used by major key companies operating in the worldwide fatty acid methyl ester market, such as alliances, joint ventures, and mergers and acquisitions.
The market for fatty acid methyl esters has been categorised by type, application, and geography. For this report, the following years were considered:
2015 is the base year.
2016 is the year that is predicted to be the most productive.
2021 is the anticipated year.
2016-2021 (estimated)
The basis year for corporate profiles is 2015; where information for the base year was not available, the previous year was utilised.
Methodology of Research
Various secondary sources, such as company websites, directories, and databases like Hoovers, Bloomberg, Chemical Weekly, Factiva, RadTech, and other government and private websites, were used to identify and collect data for this extensive commercial study of the global fatty acid methyl ester (FAME) market. Experts from linked sectors were interviewed as primary sources to verify and collect key information as well as appraise the market’s future possibilities. To verify the market size, a top-down strategy was used. The exact numbers of the overall parent market size and specific market sizes were determined and confirmed in this study using the data triangulation technique and validation of data through primary.
Ecosystem Market:
Suppliers of important raw materials such as soy oil, rapeseed oil, palm oil, and other chemicals make up the worldwide fatty acid methyl ester market’s ecosystem. Backward integration has been used by a number of corporations, including Wilmar International Limited (Singapore), Cargill Inc. (US), and ADM Company (US), to satisfy their production demands. End-user industries such as biodiesel, polymer, lubricants, coatings, textile, pulp & paper, leather, food & beverage, agriculture, personal, and home care are among the demand-side industries.
The report’s intended audience:
The report’s intended audience is as follows:
Fatty Acid Methyl Ester Producing Companies
Fatty Acid Methyl Ester Merchants, Distributors, and Suppliers
Fatty Acid Methyl Ester Companies Active in a Variety of End-Use Market Segments
Government agencies and research institutes
Industrial Bodies and Associations
Firms that conduct research and offer advice
Organizations/Agencies of National and Local Government
Institutes of Research and Development
NGOs that help the environment
Available Customizations for Investment Banks and Private Equity Firms:
For the report, there are the following customization options:
Analyzed Product
Each company’s product portfolio is compared in detail in a product matrix.
Analyses by Country
The European fatty acid methyl ester market is further segmented by significant nations, including Poland, Belgium, and the United Kingdom.
Further segmentation of the Asia-Pacific fatty acid methyl ester market by significant nations, such as Taiwan, Indonesia, and Malaysia.
The global fatty acid methyl ester market is broken down further by growing markets in the Middle East and Africa, as well as Latin America.
Details about the business
Additional market participants are analysed and profiled in depth.
From 2016 to 2021, the global fatty acid methyl ester (FAME) market is predicted to increase at a CAGR of 5.1 percent, from USD 17.26 billion in 2016. During the projected period, environmental laws and rising demand for biodiesel are expected to propel the fatty acid methyl esters market forward.
In 2015, the worldwide fatty acid methyl ester market was headed by rapeseed methyl esters. This is due to the fact that rapeseed-based biodiesel is more efficient and performs better than other methyl ester-based biodiesels. Rapeseed has a higher oil content, making it a better choice for lubricating, coating, and metalworking fluids. In the next years, these elements are projected to drive rapeseed segment growth.
These economies are looking for alternative fuels such as biodiesel to meet their growing demand for fuel security. Countries are looking for alternate fuel sources due to their increasing reliance on fossil fuels and their diminishing reserves. As fatty acid methyl ester is a primary raw material utilised in the production of biodiesel, this is projected to drive market expansion. Because of its features, such as high lubricity, non-toxicity, and biodegradability, fatty acid methyl ester is a preferable alternative to traditional mineral-based products for applications in lubricants, coatings, food and agriculture, and so on. Leather, food, agriculture, and a variety of other industries use it as well.
In 2015, the market for fatty acid methyl esters in North America was the most developed. The Asia-Pacific fatty acid methyl ester market is predicted to grow rapidly over the forecast period, owing to rising environmental consciousness and government support for biodiesel use through tax incentives and rebates. The market in the region is still in its infancy, but China, Japan, India, and South Korea all have significant development potential.