27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Fatty Acid Methyl Ester Market By Product (Polyol Esters, Sucrose Esters, Glyceryl Monostearate, Isopropyl Palmitate, Medium Chain Triglycerides, and Glycol Esters) and By Application (Fuels, Polymers, Lubricants, Coatings, Food, Metalworking Fluids, Agriculture and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Fatty Acid Methyl Ester market in 2019 was approximately USD 20000 Million. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 28300 Million by 2026.
Fatty acid esters are carboxylic esters that are formed by condensing alcohol to fatty acids. Methanol interacts to form methyl esters of the fatty acids with fatty acids. The methyl esters of fatty acids are non-toxic and biodegradable Their properties depend on the oil used to manufacture methyl esters of fatty acids. Palm oil, rapeseed oil, soya oil, animal fats, and sunflower oil are used as the raw material for processing methyl esters of fatty acids.
Browse the full “Fatty Acid Methyl Ester Market By Product (Polyol Esters, Sucrose Esters, Glyceryl Monostearate, Isopropyl Palmitate, Medium Chain Triglycerides, and Glycol Esters) and By Application (Fuels, Polymers, Lubricants, Coatings, Food, Metalworking Fluids, Agriculture and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/fatty-acid-methyl-ester-market-by-product-polyol-997
The rising demand for detergents is projected to propel the growth of the global market in the forthcoming time. In addition, its features such as excellent solubility in organic solvents, strong lubricity, and high boiling points projected to increase its demand in various end-use industries such as lubricants, metalworking fluids, oils, solvents, detergents, and coating. Consequently, its ability to cater for a wide range of end-use industries is projected to boost the global market growth in the forthcoming time. The high cost of fatty acid esters and consequently the high cost of production of raw materials are estimated to present challenges for Fatty acid esters market participants in the forecasted period.
The products of the fatty acid sucrose esters, methyl esters are the polyol esters, glyceryl monostearate, medium-chain triglycerides isopropyl palmitate, and glycol esters. Medium-chain triglycerides show the largest segment in the food industry due to increased use. Glyceryl monostearate emerged as a potential segment and projected to grow expressively in the forthcoming time. This is mainly due to the increasing use as an emulsifier of glyceryl monostearate in confectionery and baking.
The main end applications on the methyl esters fatty acids market can be categorized as polymers, oils, lubricants, food, coatings, metalworking fluids, and agriculture. Fuel is the prominent segment projected to see rapid growth due to its increasing employment in vehicle mining equipment, power generators, agricultural machinery, and construction equipment. Lubricants are led by coatings due to strong demand from the automotive and manufacturing industries. It is also estimated that agricultural applications will have augmented demand due to the aggregate demand for pesticides and fertilizers.
The Asia Pacific market is projected to support market growth due to escalating disposable income and rapid industrialization in India and China. Latin America and Middle East & Africa are also projected to see substantial growth in the demand for methyl esters of fatty acids in the forecasted period. North America accounted for the largest share of the methyl esters fatty acids market due to an increase in end-use applications. The U.S. is projected to see augmented growth in the years ahead.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 20,000 Million |
Projected Market Size in 2026 |
USD 28,300 Million |
CAGR Growth Rate |
5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Diester Industries, Western Iowa Energy, Biofuels Corporation, Novaol, Biopetrol Industries, Cargill and ADM Biodiesel., and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Diester Industries, Western Iowa Energy, Biofuels Corporation, Novaol, Biopetrol Industries, Cargill and ADM Biodiesel.
This report segments the Fatty Acid Methyl Ester market as follows:
By Type Segmentation Analysis
- Polyol esters
- Sucrose esters
- Glyceryl monostearate
- Isopropyl palmitate
- Medium-chain triglycerides
- Glycol esters
By Application Segmentation Analysis
- Fuels
- Polymers
- Lubricants
- Coatings
- Food
- Metalworking fluids
- Agriculture
- Other
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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