Biodiesel's eco-friendliness is expected to boost demand during the predicted period. Biodiesel uses fatty acid methyl ester, which is transesterified from vegetable oils. Countries are turning to biodiesel as fossil fuel reserves run out. Fatty acid methyl ester, a biodiesel raw ingredient, is predicted to increase in consumption.Fatty acid methyl ester biodiesel burns incompletely, reducing emissions. Fatty acid methyl ester demand is predicted to expand due to government restrictions favoring bio-based products. Favorable government regulations for bio-based goods in the U.S., Europe, India, and China are likely to promote biodiesel consumption and fatty acid methyl ester demand.
The global Fatty Acid Methyl Esters Market is estimated to surpass US$ 82,939.6 Million by the end of 2030, in terms of revenue, exhibiting at a CAGR of 4.8% during the forecast period (2022 to 2030).
Key Competitors in the Fatty Acid Methyl Esters Industry:
1) ADM
ADM (Archer-Daniels-Midland Company) is a multinational food processing company. It was founded in the year 1902. Products manufactured include oils and meal from various nuts and seeds like cottonseed, sunflower seeds, flax seed. ADM was founded in Minneapolis, Minnesota, U.S. The headquarters are located in Chicago, Illinois, U.S. The company was founded by George A. Archer and John W. Daniels. ADM was listed on the New York Stock Exchange in the year 1924.
In December 2021, ADM completed the acquisition of FISA, a company that specializes in the manufacture of dry flavors, juice mixes, and premixes.
2) Cargill Incorporated
Cargill incorporated, is a privately held American global food corporation. Some of the products manufactured include Agricultuis one of Asia's leading agribusiness groupsral services, crop and livestock, food, health and pharmaceutical etc. The company was founded in the year 1865, and the headquarters are located in Minnetonka, Minnesota, U.S. the company was founded by William Wallace Cargill.
In Jun 2022, Cargill completed the acquisition of Delacon, a company that develops plant-based phytogenic additives. In November 2022, the company acquired Owensboro Grain, a fifth-generation family owned soybean processing facility and refinery.
3) Wilmar International Limited
Wilmar International Limited is one of Asia's leading agribusiness groups. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (SGX). Wilmar International business activities include oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleo chemicals, and biodiesel manufacturing, grains processing and merchandising, and sugar milling and refining. The company was founded in the year 1991, by William Kuok Khoon Hong Martua Sitorus.
In 2021, Wilmar placed 2nd on FoodTalks' Global Top 30 Specialty Oil Companies list
4) Chemrez Technologies, Inc.
Chemrez Technologies, Inc. is a manufacturer of powder coatings based in the Philippines. It has been listed on the Philippine Stock Exchange since December 8, 2000 and is a member of the D&L Group of Companies. The company was founded in the year 1989, and the headquarters are located in Bagumbayan, Quezon City, Metro Manila.
5) Godrej Industries Limited
Godrej Industries Limited is a holding company of the Godrej Group. Godrej Industries operates through its factories located in Ambernath, Wadala, Valia and Dombivali, Maharashtra. The company's operations are spread across India, Indonesia, and Singapore. Products manufactured include Oleo-chemicals and their precursors and derivatives edible oils and others. The company was founded in the year 1963, and the headquarters are located in Mumbai Maharashtra.
As of June 2022, Godrej Industries had announced that the company has made further investment in Godrej Capital Limited, its subsidiary.
More Insights:
Definition: Fatty acid esters are FAME. Depending on the vegetable oil, fatty acid esters are closer to fossil diesel fuels than pure vegetable oils.
