The Global Market for Fatty Acid Methyl Esters is Anticipated to Prosper from Rising Demand for Fatty Acid Methyl Esters from Different End-use Industries.
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Moreover, one of the main drivers projected to propel the expansion of the worldwide fatty acid ester market is expected to be the low toxicity of fatty acid esters and the changing preference of consumers for biodiesel over conventional diesel. Due to their low cost and decomposing ability, fatty acids are predicted to expand as the automotive industry gradually shifts to green technology. According to the National Biodiesel Board, biodiesel, renewable diesel, and renewable jet fuel use in air transportation, electricity generation, and home heating applications will exceed six billion gallons by 2030, thus eliminating over 35 million metric tons of CO2 equivalent greenhouse gas emissions annually.
Increasing Demand of Renewable Energy Sources
Fatty Acid Methyl Ester (FAME) is preferred over conventional diesel because of its properties, such as lower toxic emissions. Because of its advantages over traditional diesel, such as its lower air pollutants, fatty acid methyl ester is preferred. As a result, it is regarded as non-toxic and biodegradable. Fatty Acid Methyl Ester (FAME) is a widespread thickening and emulsifying agent in the food industry. The expanding food sector is anticipated to support the fatty acid methyl ester market's expansion. It is frequently employed as a green solvent in solvent applications because of its low VOC concentration and biodegradability.Demand from Various End-Use Industries
The global fatty acid and methyl acid markets are driven by demand from numerous end-use industries. It creates a leather fat liquoring agent utilized as a great textile detergent in the leather industry. Its properties, such as superior solubility in organic solvents, good lubricity, and high boiling temperatures, are also driving up demand for it in various end-use industries, including coatings, food, and metalworking fluids, lubricants, solvents, and fuels.Market Segmentation
Global Fatty Acid Methyl Ester Market is segmented based on Feedstock, and End-Use. Based on Feedstock, the market is divided into Rapeseed, Sunflower, Palm oil, Soybean, Animal Fat and Others. Based on End-Use, the market is divided into Fuels, Food Processing, Lubricants, Coatings, Pharmaceuticals and Others.Market players
Cargill Inc., DuPont, Estelle Chemicals Pvt. Ltd., Evonik Industries, Faci Asia Pacific Pte. Ltd, Fine Organics, KLK Oleo, Metroshen International Corporation, Oleon N.V., TCI Chemicals Pvt. Ltd are some of the key players operating in the market.Report Scope:
In this report, global plastic films & sheets market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Green Fatty Acid Methyl Ester Market, By Feedstock:
- Rapeseed
- Sunflower
- Palm oil
- Soybean
- Animal Fat
- Others
Green Fatty Acid Methyl Ester Market, By End-Use:
- Fuels
- Food Processing
- Lubricants
- Coatings
- Pharmaceuticals
- Others
Green Fatty Acid Methyl Ester Market, By region:
- Europe
- France
- Germany
- United Kingdom
- Russia
- Sweden
- Denmark
- Switzerland
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Middle East and Africa
- Saudi Arabia
- UAE
- Qatar
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Fatty Acid Methyl Ester market.Available Customizations:
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargill Inc.
- DuPont
- Estelle Chemicals Pvt. Ltd.
- Evonik Industries
- Faci Asia Pacific Pte. Ltd.
- Fine Organics
- KLK Oleo
- Metroshen International Corporation
- Oleon N.V.
- TCI Chemicals Pvt. Ltd.