Fatty Acid Methyl Ester (FAME) Market worth 22.13 Billion USD by 2021

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Fatty Acid Methyl Ester (FAME) Market by Type,
Application Region - Global Forecast to 2021
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Fatty Acid Methyl Ester (FAME) Market worth 22.13
Billion USD by 2021
The report "Fatty Acid Methyl Ester (FAME) Market
by Type (Soya Methyl Ester, Rapeseed Methyl
Ester, Palm Oil Methyl Ester), Application
(Fuels, Lubricants, Coatings, Food Agriculture,
Metal Working Fluids), and Region - Global
Forecast to 2021", The fatty acid methyl ester
market is expected to grow from USD 17.26 Billion
in 2016 to USD 22.13 Billion by 2021, at a CAGR
of 5.1 from 2016 to 2021. Increase in the use of
fatty acid methyl ester in biodiesel and the
growing concern for environment are expected to
drive the growth of fatty acid methyl ester
market.
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Fatty Acid Methyl Ester (FAME) Market worth 22.13
Billion USD by 2021
Browse gtgt 106 data tables
53 figures
154 pages and in-depth TOC on Fatty Acid Methyl
Ester (FAME) Market Early buyers will receive
10 customization on this report. This is a
Premium Report Priced at US 5650 for single
user. The global fatty acid methyl ester market
is expected to grow from USD 17.26 Billion in
2016 to USD 22.13 Billion by 2021, at a CAGR of
5.1 from 2016 to 2021. Report Price - Single
User License US 5650 Corporate User License
US 8150
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Fatty Acid Methyl Ester (FAME) Market worth 22.13
Billion USD by 2021
Rapeseed methyl ester is the largest segment of
the fatty acid methyl ester market The rapeseed
methyl ester segment was the largest segment of
the global fatty acid methyl ester market. This
can be attributed to the increasing use of
rapeseed as the primary raw material for fatty
acid methyl ester production, as rapeseed has
better oil content than other types of raw
material for fatty acid methyl ester
manufacturing. Soybean has 18 to 22 oil
content, while rapeseed has 30 to 37 oil
content. The high cetane number of biodiesel
produced from rapeseed oil enables complete
combustion and thus lowers emissions.
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Fatty Acid Methyl Ester (FAME) Market worth 22.13
Billion USD by 2021
Fuel largest application segment of fatty acid
methyl ester market The fuel application segment
contributed the largest share to the global fatty
acid methyl ester market among various
applications of fatty acid methyl ester. This
growth can be attributed to the significant rise
in demand from the biodiesel industry. Fatty acid
methyl ester is the primary constituent of
biodiesel. Growing environmental concerns on the
use of fossil fuel products that increase
pollution levels as well as contain toxic
volatile organic compounds, are significantly
impacting the market for biodiesel as it can be
an environment-friendly substituent for fossil
fuel.
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Fatty Acid Methyl Ester (FAME) Market worth 22.13
Billion USD by 2021
North America largest market for fatty acid
methyl ester, globally North America was the
largest market for fatty acid methyl ester in
2015. The rise in the demand for fatty acid
methyl ester in biodiesel production and the
stringent environmental regulations in North
America are expected to contribute to the growth
of fatty acid methyl ester market in this region.
Soy methyl ester was the largest type segment in
North America, since North America is a global
leader in the production of soybean. The growing
application industries, such as fuel, lubricants,
and coating, among others are expected to drive
the growth of the fatty acid methyl ester market
in the region.
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Fatty Acid Methyl Ester (FAME) Market worth 22.13
Billion USD by 2021
Key Players - Key players operational in the
fatty acid methyl ester market include Wilmar
International Limited (Singapore), Cargill Inc.
(U.S.), KLK Oleo (Malaysia), ADM Company (U.S.),
Emery Oleochemicals (Malaysia), and BASF SE
(Germany) etc. Purchase a Copy of this Report
Today !
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