FATTY ACID METHYL ESTERS MARKET ANALYSIS

Fatty Acid Methyl Esters Market, By Type (Rapeseed Methyl Ester, Soy Methyl Ester, Palm Oil Methyl Ester, and Others), By Application (Fuel, Lubricants, Coatings, Food and Agriculture, Metalworking Fluids, Personal Care Products, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Oct 2024
Code : CMI5008
Pages :190
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

Key Takeaways from Analyst

The fatty acid methyl esters market is expected to experience growth driven by increasing demand for biodiesel. FAME plays a vital role as it is the primary component used in biodiesel production. Growing environmental concerns regarding carbon emissions from conventional diesel and government policies supporting biodiesel adoption will drive more biodiesel production, which, in turn, will augment the demand for FAME. Advancements in biodiesel production technologies are further supporting growth.

However, volatile feedstock prices remain a key challenge. As FAME is derived from vegetable oils and animal fats, fluctuations in agricultural commodity prices directly impact FAME prices. Availability of low-cost feedstock is important for market’s growth. Subsidy cuts in certain regions can also negatively impact demand.