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Fatty Acid Methyl Esters (FAME) - Global Market Trajectory & Analytics

  • ID: 5029732
  • Report
  • February 2022
  • Region: Global
  • 270 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • BASF S.E.
  • Cargill, Incorporated
  • Crown Oil Ltd
  • Evonik Industries AG
  • Novaol S.R.L.
  • Western Iowa Energy, LLC

Global Fatty Acid Methyl Ester (FAME) Market to Reach $21.1 Billion by 2026


FAME or fatty acid methyl ester (FAME) is a fatty acid ester type that is derived by transesterifying fats with methanol. The biodiesel`s molecules primarily are FAME, which are obtained usually from vegetable oils through transesterification. FAME is used in the production of biodiesel and detergents and is produced typically by a reaction that is alkali-catalyzed between methanol and fats when base substances like sodium methoxide, potassium hydroxide, or sodium hydroxide are present. FAME-based biofuel is the most commonly available biodiesel type in the marine industry and is frequently used for blending with standard marine diesel. The use of FAME as a thickening and emulsifying agent in the food industry is expected to boost market prospects. The growing popularity of stain resistant coatings also bodes well for overall growth of FAME in this end-use sector as FAME is widely used as a solvent in coatings.

Amid the COVID-19 crisis, the global market for Fatty Acid Methyl Ester (FAME) estimated at US$16.7 Billion in the year 2020, is projected to reach a revised size of US$21.1 Billion by 2026, growing at a CAGR of 4.1% over the analysis period. Fuels, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metalworking Fluids segment is readjusted to a revised 2.6% CAGR for the next 7-year period. This segment currently accounts for a 17.7% share of the global Fatty Acid Methyl Ester (FAME) market. Engineering materials that optimize the process of metalworking are called metalworking fluids. The move toward environmentally acceptable metalworking fluid formulations is expected to drives prospects for fatty acid methyl esters.



The U.S. Market is Estimated at $5 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026


The Fatty Acid Methyl Ester (FAME) market in the U.S. is estimated at US$5 Billion in the year 2021. The country currently accounts for a 29.32% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2026 trailing a CAGR of 5.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$3 Billion by the end of the analysis period.

By Application, Lubricants Segment to Reach $3.4 Billion by 2026


Biolubricants are emerging into the spotlight a readily biodegradable, non-toxic product that breaks down by a minimum amount of 60% within a period of 28 days. Concerns for the environment, sustainability, and safety in their totality, drive the growth of the global bio-lubricants industry. The scenario is opening up new windows of opportunities in researching the potential of FAME in biolubricants production. Several studies have already validated the effective lubricity of methyl-branched fatty acid methyl esters in providing excellent protection on metal surfaces against friction. In the global Lubricants segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$219.4 Million by the year 2026, while Latin America will expand at a 5% CAGR through the analysis period.

Select Competitors (Total 31 Featured) -

  • BASF S.E.
  • Berg + Schmidt America LLC
  • Cargill, Incorporated
  • Evonik Industries AG
  • Crown Oil Ltd
  • Novaol S.R.L.
  • Western Iowa Energy, LLC
  • Wilmar International Limited
Frequently Asked Questions about the Global Market for Fatty Acid Methyl Ester (FAME)

What is the estimated value of the Global Market for Fatty Acid Methyl Ester (FAME)?

The Global Market for Fatty Acid Methyl Ester (FAME) was estimated to be valued at $16.7 Billion in 2020.

What is the growth rate of the Global Market for Fatty Acid Methyl Ester (FAME)?

The growth rate of the Global Market for Fatty Acid Methyl Ester (FAME) is 4.0%, with an estimated value of $21.1 Billion by 2026.

What is the forecasted size of the Global Market for Fatty Acid Methyl Ester (FAME)?

The Global Market for Fatty Acid Methyl Ester (FAME) is estimated to be worth $21.1 Billion by 2026.

Who are the key companies in the Global Market for Fatty Acid Methyl Ester (FAME)?

Key companies in the Global Market for Fatty Acid Methyl Ester (FAME) include BASF S.E., Berg + Schmidt America LLC, Cargill, Incorporated, Evonik Industries AG, Crown Oil Ltd, Novaol S.R.L. and Wilmar International Limited.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF S.E.
  • Cargill, Incorporated
  • Crown Oil Ltd
  • Evonik Industries AG
  • Novaol S.R.L.
  • Western Iowa Energy, LLC

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • Fatty Acid Methyl Esters (FAME) – Global Key Competitors Percentage Market Share in 2022 (E)
  • Decarbonizing the World, the Cornerstone for Growth in the Fatty Acid Methyl Ester (FAME) Market
  • Role of Biodiesel in Decarbonizing the World
  • How the Year 2020 Was a Year of Astounding Disruption & Unbelievable Transformation
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Continued High Unemployment Levels Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • As Mass Vaccination Drives Get Underway Worldwide, Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of COVID-19 Vaccinations (Per 100 People) As of February 2021 by country
  • Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • How Major End-Use Industries Are Impacted by the Pandemic & What’s the New Normal?
  • Agriculture & Allied Industries
  • Global Agriculture & Allied Industries Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Agrochemicals Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Food Industry
  • Global Food & Beverage Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Food Supermarkets Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Food Services Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Paints & Coatings
  • Manufacturing, Machine Tools & Metalworking Fluid (MWF)
  • Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Transportation & Lubricants
  • Global Transportation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Clean Technologies & Biofuel
  • A Strong Rebound in Clean Technologies Brings Good News for Biofuel Consumption & Demand: Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Fatty Acid Methyl Ester (FAME): Definition, Production Methods & Applications
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Biodiesel, the Largest Application Area to Benefit from the Growing Global Focus on Alternative Fuels
  • Robust Growth Projected for Biodiesel Brightens the Outlook for FAME: Global Market for Biofuel (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Stricter Biodiesel Regulations Especially in North America to Benefit Growth
  • Redoubled Focus on Environment Post COVID-19 to Give a Renewed Growth Boost for Biodiesel Consumption
  • Growing Role of Liquid Biofuels to Reduce Ship Emissions to Spur Demand for FAME Based Biofuel
  • Pandemic Induced Spike in Packaged Food Consumption to Spur Use of FAME in Food Processing & Production
  • Suitable Lubrication Properties of FAME Drives Interest in Its Synthesis in Production of Potential Biolubricants
  • Robust Outlook for Biolubricants Opens New R&D Interest in FAME as an Intermediary in Biolubricants Production: Global Market for Biolubricants (In US$ Million) for Years 2020, 2022, 2024, 2026
  • Green Trend in Metalworking Industry to Fuel Market Prospects
  • Increasing Preference for Natural Ingredients in Personal Care Products Drives Demand for FAME
  • Healthy Outlook for Coatings to Spur Demand for FAME
  • Healthy Outlook for Paints & Coatings Bodes Well for Consumption of FAME: Global Paints & Coatings Market (In Billion Gallons) for Years 2020 Through 2024

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Fatty Acid Methyl Esters (FAME) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 31
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • BASF S.E.
  • Berg + Schmidt America LLC
  • Cargill, Incorporated
  • Evonik Industries AG
  • Crown Oil Ltd
  • Novaol S.R.L.
  • Western Iowa Energy, LLC
  • Wilmar International Limited
Note: Product cover images may vary from those shown