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Fatty Acid Methyl Ester Market- Emerging Trends, Leading Global Players Insight and Forecast to 2023
Fatty Acid Methyl Ester (Fame) Market Information by Applications (Cosmetics & Personal Care, Fuel, Lubricant, Metalworking Fluids, Coatings), Type (Isopropyl Palmitate, Medium Chain Triglyceride, Glyceryl Monostearate), Region, and Forecast to 2023
Fatty Acid Methyl Ester or FAME is an organic chemical, produced by trans-esterification of methanol and fatty acids. The product can be derived from various bio-based sources such as rapeseed, palm oil, vegetable oil, and soya beans. Rapeseed is most commonly preferred to produce fatty acid methyl ester due to better oil content (over 30%) than other material sources. Additionally, the bio-fuel or biodiesel produced from rapeseed has high cetane content, which gives complete combustion by lowering the emissions of harmful gases.
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Top Key Players:
Some of the Top Key Players in the global Fatty Acid Methyl Ester (FAME) Market are; Procter & Gamble (Singapore), KLK Oleo (Malaysia), Longyan Zhuoyue New Energy Co. Ltd. (China), BASF S.E. (Germany), Archer Daniels Midland Company (ADM) (U.S.), Cargill Inc. (U.S.), Wilmar International Limited (Singapore), Emery Oleochemicals Group (Malaysia), Evonik Industries AG (Germany), and Alnor Oil Co. Inc. (U.S.)
The Global Fatty Acid Methyl Ester (FAME) Market is categorized into application, type, and region.
- Metalworking Fluids,
- Medium Chain Triglyceride,
- Isopropyl Palmitate,
- Glyceryl Monostearate,
- Glycol Ester,
- Polyol Ester,
- Sucrose Ester
- North America,
- Latin America,
- Asia Pacific,
- the Middle East & Africa
The Global Fatty Acid Methyl Ester (FAME) Market is segmented across five main regions: North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
Among these, Asia Pacific held over 40% share of the market share in 2016 and is expected to dominate the global market during the forecast period, 2018–2023. Rapid industrialization, growing automotive industry, and prospective growth scenario of the food processing industry is driving the growth of the regional market. The developing countries such as India, China, Vietnam, Myanmar, and Indonesia are the major contributors to the regional market.
North America is the second largest region in the global market. This region projected to occupy a significant share in the global fatty acid methyl ester (FAME) market on account of the huge production of the product and increasing demand as a fuel additive due to stringent environmental regulation favoring the growth of the regional market.
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