DUBLIN--(BUSINESS WIRE )--The "Global Fatty Acid Methyl Esters Market by Source, Product Type, Application, and Region - Size, Share, Outlook, and Opportunity Analysis, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
This report provides an in-depth analysis of the global fatty acid methyl esters market, and provides market size (US$ Million & Kilotons) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year.
FAME (fatty acid methyl ester) is a form of fatty acid ester produced by transesterifying fats with methanol. The primary molecules in biodiesel are FAME, which are obtained by transesterification from vegetable oils. When base chemicals like sodium methoxide, potassium hydroxide, or sodium hydroxide are present, an alkali-catalyzed reaction between methanol and lipids produces FAME, which is employed in the manufacturing of biodiesel and detergents.
The most widely accessible biodiesel type in the marine industry is FAME-based biofuel, which is typically blended with regular marine diesel. FAME's application in the food industry as a thickening & emulsifying agent is expected to drive the market growth during the forecast period.
Growing demand for fatty acid methyl ester from various end-use industries is expected to benefit the global fatty acid methyl esters market. Fatty acid methyl ester is the most preferred alternative to conventional mineral-based products for applications in lubricants, paints & coatings, food & agriculture, detergent & surfactants, metal working, emulsifiers, and others.
This is owing to its superior properties such as high lubricity, excellent solubility inorganic solvents, high boiling points, non-toxicity, and biodegradability. Additionally, growing demand for fatty acid methyl ester in agrochemicals such as pesticide and fertilizer preparation is anticipated to further drive the fatty acid methyl ester market growth. Thus, the aforementioned properties and applications are expected to be key factors driving the global fatty acid methyl ester market growth over the forecast period.
However, the market's growth is expected to be restrained by high manufacturing costs due to unpredictable prices of raw materials and the global outbreak of coronavirus. Fatty acid esters required high processing cost. As a result, emerging nations such as Asia Pacific and the Middle East and Africa are still not able to employ high-cost technologies, which could limit the market for fatty acid esters.
Key features of the study:
Global Fatty Acid Methyl Esters Market, By Source:
Global Fatty Acid Methyl Esters Market, By Product Type:
Global Fatty Acid Methyl Esters Market, By Application:
Global Fatty Acid Methyl Esters Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/xslqx7
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900