The global fatty acid methyl ester market is projected to reach USD 22.13 billion by 2021, from USD 16.52 billion in 2015, registering a CAGR of 5.1% between 2016 and 2021.
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While main reasons for the growth of this market are the increasing use of this fatty acid methyl ester due to its environmental friendly nature and increasing usage of biodiesel in the various region.
1 Attractive Opportunities in the Global Fatty Acid Methyl Ester Market
2 Global Fatty Acid Methyl Ester Market, By Region
3 Global Fatty Acid Methyl Ester Market: Major Segments
4 Global Fatty Acid Methyl Ester Market Growth
5 Global Fatty Acid Methyl Ester Market, By Type
Asia-Pacific fatty acid methyl ester market is the fastest-growing market. The Asia-Pacific FAME market is in a relatively nascent; however, it has huge growth potential in India, China, and Japan.
These nations are among the largest consumers of oil fuels and 70% to 85% of their fuel requirement is dependent upon imports.
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Governmental rural welfare programs, which encourage community and small-scale biodiesel production projects in countries such as India and the need to reduce Greenhouse Gas (GHG) emissions, are expected to drive the Asia-pacific fatty acid methyl ester market.
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Rapeseed methyl ester segment was the largest type segment of the global fatty acid methyl ester market in 2015. Rapeseed oil is the largest source of fatty acid methyl ester feedstock in the world, with more than 1.5 million gallons of biodiesel produced from rapeseed globally in 2009.
Breakdown of profile of primary participants:
- By Company Type: Tier 1 – 11%, Tier 2 – 33%, and Tier 3 - 56%
- By Designation: Director Level - 10%, C Level - 20% Others – 70%
- By Region: Europe – 33% North America - 25%, Asia-Pacific - 25%, RoW - 17%
As a part of qualitative analysis, the report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. Rapeseed has better oil content than other types of raw materials of fatty acid methyl ester.
Other type includes soy methyl ester, palm oil methyl ester and so on.
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