Fatty Acid Methyl Ester Market worth 5.19% CAGR by 2028
[Bengaluru, July] – Fatty acid methyl ester is mostly applicable as a key constituent in biodiesel. It is considerably preferred over usual diesel owing to its many beneficial characteristics such as less toxic emissions and its eco-friendly nature. The fatty acid methyl ester is extracted from vegetable oils, animal fats, or waste cooking oils by the procedure of trans-esterification.
Consumers are becoming more conscious of their environmental footprint and are increasingly inclined towards products that are derived from sustainable and eco-friendly sources. Fatty acid methyl ester is used in various consumer goods, such as personal care products and detergents, which align with the changing consumer preferences which is a factor accelerating the fatty acid methyl ester market growth.
Furthermore, the increasing demand for biodiesel as a renewable and sustainable alternative to fossil fuels presents significant opportunities for the fatty acid methyl ester market. Governments and industries worldwide are promoting biodiesel use, creating a favorable market environment for fatty acid methyl ester manufacturers.
Moreover, the fatty acid methyl ester has versatile applications beyond biodiesel, including lubricants, metalworking fluids, surfactants, and personal care products. The development of innovative formulations and increased consumer acceptance of bio-based products open up new market opportunities for fatty acid methyl ester in these segments.
The Fatty Acid Methyl Ester Market research report titled as “Fatty Acid Methyl Ester Market based on Product, Application and Geography – Forecast up to 2028”
Few well known companies of the fatty acid methyl ester market are Wilmar International Ltd., Cargill Inc., Archer Daniels Midland Company (ADM), BASF SE, and KLK Oleo Group
Moreover, North America is leading the fatty acid methyl ester market owing to the increasing demand for the end use industries. On the other hand, Asia Pacific is having the lucrative growth rate due to the drastic urbanization and rising disposable income in this region.
The report consists of —- Tables 77 and charts 47 depicting the in-depth market study and the impact analysis of COVID-19 by Vendor name. View detailed TOC here.
Global Fatty Acid Methyl Ester Market as per the Product:
- Glyceryl Monostearate
- Medium Chain Triglycerides
- Polyol Esters
- Glycol Esters
- Isopropyl Palmitate
- Sucrose Esters
Global Fatty Acid Methyl Ester Market as per the Application:
- Lubricants & fuels
- Surfactants & detergents
- Personal care & cosmetics
- Food and pharmaceutical
Global Fatty Acid Methyl Ester Market as per the Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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