Fatty Acid Methyl Ester Market Sales Expected


United States, Rockville MD, 05 Jul. 28, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, global consumption of fatty acid methyl esters has increased at a CAGR of approximately 3.8% over the past last semester. decade. The Global Fatty Acid Methyl Ester Market is valued at USD 18 Billion in 2021 and is projected to reach USD 29.8 Billion by 2032, growing at a CAGR of 4.7% from 2022 to 2032 .

The features discussed above along with the applications of fatty acid methyl esters are expected to drive the market expansion throughout the projection period. The fatty acid methyl ester market is expected to be hampered by the limited availability of various kinds of raw materials. Due to the growing demand for biodiesel, the global fatty acid methyl ester market is expected to increase significantly over the forecast period.

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Due to its superior qualities, such as reducing harmful emissions, fatty acid methyl ester is mainly used as diesel compared to regular diesel. These are easily biodegradable and therefore have a lower environmental impact. They contribute to the prevention of environmental problems such as global warming.

Manufacturing activity has been halted due to supply chain disruptions and labor shortages, or for safety reasons to stop the spread of COVID-19, causing the market to slump . End-user sectors, such as food and beverage, paints and coatings, faced significant challenges due to the COVID-19 outbreak, including statewide shutdowns and companies that shifted their sourcing out of China, impacting the market in the short term. The market is expected to expand in the medium term owing to the growing demand for biodiesel.

  • The fatty acid methyl ester market was valued at US$18 billion in 2021. According to Fact.MR, the fatty acid methyl ester market revenue will grow 1.5x between 2022 and 2032, reaching around 11 billion US dollars in 2032.
  • In terms of application, the application of fuels represents the highest predicted CAGR of over 5.6%.
  • The United States is the dominant region in the fatty acid methyl esters market with an absolute dollar growth opportunity of over US$3.6 billion.

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Market segmentation and coverage

Medium-chain triglycerides have become the dominant mass-produced group for dietary reasons due to their prevalence in the food and beverage industry. It has an outsized demand for use as an emulsifier in confectionery and bakery mixes. Due to its extensive use in these applications, glyceryl monostearate is going to see a big increase.

Due to its wide use in automobiles, stationary generators and machinery such as construction equipment, agricultural equipment and mining equipment, fuel is the most important FAME application sector. The regional market for fatty acid methyl esters is expected to increase owing to the increased demand for personal care products.

Winning strategy

When basic chemicals such as sodium methoxide, potassium hydroxide, or sodium hydroxide are present, an alkali-catalyzed reaction between methanol and lipids produces FAME, which is used in the manufacture of biodiesel and detergents. The most widely available type of biodiesel in the marine sector is FAME-based biofuel, which is usually blended with regular marine diesel. The application of FAME in the food sector as a thickening and emulsifying agent is expected to increase the market prospects. Since FAME is commonly used as a solvent in coatings, the growing popularity of stain-resistant coatings bodes well for the overall expansion of FAME into this end-use sector.

Competitive environment

Due to the presence of several companies without major market share, the market for fatty acid methyl esters is fragmented. Univar Solutions, Larodan Inc., TCI Chemicals (India) Pvt. Ltd, BASF SE and Elevance are some of the leading companies in the fatty acid methyl ester market.

Some of the recent developments from leading fatty acid methyl ester suppliers are:

• In 2020, Dow, a global chemical company based in the United States, had sales of $7.95 billion in its Performance Materials and Coatings segment.

• In July 2020, ABITEC Corporation, a subsidiary of ABF Ingredients, announced the acquisition of Larodan AB, an international manufacturer and distributor of high purity research lipids.

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Market segments covered in the Fatty Acid Methyl Ester market analysis

  • Per application:
    • Fuels
    • Metal working fluids
    • Lubricants
    • Food and Agriculture
    • coating
    • Other Apps
  • By region:
    • North America
    • Latin America
    • Europe
    • APAC
    • AEM

More valuable information

Fact.MR, presents an unbiased analysis of the global Fatty Acid Methyl Esters market, in its new report, presenting historical market data for the years 2017-2021 and forecast statistics for the period 2022-2032.

The study reveals critical application insights (Fuels, Metalworking Fluids, Lubricants, Food & Agriculture, Coatings) in major regions of the world (North America, Latin America, Europe, APAC, Middle East & Africa).

Knowledge of the field of Future Market Insight in Chemicals and Materials Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced chemicals and materials team help customers around the world meet their unique business intelligence needs. With a repository of over a thousand reports and over a million data points, the team has analyzed the chemicals and materials industry in over 50 countries for more than a decade. The team provides unparalleled end-to-end research and advisory services.

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