The market is expected to generate an incremental $ opportunity of US$ 11,102.1 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00223 Format: PDF Pages: 300
Global Fatty Acid Methyl Ester Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Fatty Acid Methyl Ester Market was worth US$ 16,422.3 Mn and is expected to grow at a CAGR of 5.3% over the forecast period. While the historical CAGR is 4.5%, the market is expected to hit US$ 27,524.4 Mn by 2032 end.
Transesterifying lipids with methanol produces FAME (fatty acid methyl ester), a type of fatty acid. FAME is the main component of biodiesel and is produced by transesterifying vegetable oils. FAME, used in the production of biodiesel and detergents, is produced by an alkali-catalyzed reaction between methanol and lipids when base chemicals like sodium methoxide, potassium hydroxide, or sodium hydroxide are present.
One of the key elements anticipated to propel the expansion of the worldwide fatty acid ester business is the low toxicity of fatty acid esters and the shift in end customers’ preferences toward biodiesel over conventional diesel. Because fatty acids are inexpensive and biodegradable, the gradual transition of the automotive industry to green mobility is anticipated to accelerate this expansion.
The high price of raw materials and fatty acid esters, however, are anticipated to limit the growth of this industry shortly. The market for fatty acid esters may be hampered by the high processing costs of fatty acid esters and the fact that emerging nations like those in the Asia Pacific and the Middle East and Africa are not yet completely ready to use the high-cost technologies.
Market Segments Covered in Report
By Region and Country:
Why does the rapeseed methyl ester segment hold the largest share?
The rapeseed methyl ester segment dominated the market for fatty acid methyl ester. Rapeseed is increasingly employed as the main raw material for the production of oil methyl ester because it has a higher oil content (30–37%) than other types of raw materials.
Rapeseed oil biodiesel has a high cetane number, which allows for complete combustion and reduces emissions. Weather and low profitability are anticipated to impact rapeseed planting and oil methyl ester production. Most injection pump diesel engines can be utilized in pure form or combined with petroleum diesel at any concentration.
Why Fatty acid methyl ester is the most preferred alternative to conventional mineral-based products?
The most favored substitute for traditional mineral-based products in lubricants and coatings is fatty acid methyl ester. Its exceptional qualities include high lubricity, great inorganic solvent solubility, high boiling temperatures, non-toxicity, and biodegradability.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Presence of several companies with no major market share, the fatty acid methyl ester market is fragmented.
The key developments in the Global Fatty Acid Methyl EsterMarket are:
A list of some of the key suppliers present in the market are:
Global Fatty Acid Methyl Ester Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, Source, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|