Fatty Acid Methyl Esters Market, By Type, By Application, By Geography

Description

Fatty acid methyl esters market is estimated to be valued at USD 22.95 Bn in 2024 and is expected to reach USD 32.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 22.95 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.00%	2031 Value Projection:	US$ 32.35 Bn

Figure. Fatty Acid Methyl Esters Market Share (%), By Region 2024

Fatty acid methyl esters are the products obtained when fatty acids react with an alcohol in a process known as transesterification. This reaction is commonly carried with methanol to produce biodiesel, a renewable fuel made from plant and animal fats. Fatty acid methyl esters have similar properties to conventional diesel fuel and can be directly used in compression ignition engines. The global demand for biodiesel is rising steadily owing to the depleting fossil fuel reserves and stringent government regulations aimed at reducing vehicular emissions. As a result, the production and trade of FAMEs, which are the primary component of biodiesel, is expanding across major economies.

Market Dynamics:

The global fatty acid methyl esters market is driven by the rising demand for biodiesel from the transportation sector. Government incentives and subsidies for biodiesel production and adoption are boosting the market growth. The mandatory blending targets for biodiesel being adopted by countries will augment the consumption of FAMEs in the coming years. For instance, the European Union has set a target of 14% renewable energy in the transportation sector by 2030. However, the fluctuating supply of raw materials such as vegetable oils can hamper the market growth. Moreover, the higher production cost of biodiesel compared to fossil fuels remains a key challenge. Nonetheless, technological advancements in refining processes and the development of alternative low-cost feedstock are expected to unlock new opportunities. Advancements in feedstock technologies and development of non-edible feedstocks provide new opportunities for sustainable biodiesel production. Market players are investing in R&D to develop advanced technologies to produce biodiesel from algae-based and waste feedstocks.

Key Features of the Study:

This report provides in-depth analysis of the global fatty acid methyl esters market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global fatty acid methyl esters market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Acme Synthetic Chemicals, ADM (Archer Daniels Midland Company), Cargill, Incorporated, Chemrez Technologies, Inc., CREMER OLEO GmbH & Co. KG, Elevance Renewable Sciences, Inc., Emery Oleochemicals, Godrej Industries Limited, JNJ Oil Industries, Inc., KLK OLEO, Krishi Oil Limited, Mohini Organics Pvt. Ltd., P&G Chemicals, Renewable Energy Group, Inc., Stepan Company, Univar Solutions Inc., Vertec BioSolvents Inc., Victorian Chemical Company Pty Ltd., and Wilmar International Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global fatty acid methyl esters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fatty acid methyl esters market

Market Segmentation

Type Insights (Revenue, USD, 2019 - 2031)
- Rapeseed Methyl Ester
- Soy Methyl Ester
- Palm Oil Methyl Ester
- Others
Application Insights (Revenue, USD, 2019 - 2031)
- Fuel
- Lubricants
- Coatings
- Food and Agriculture
- Metalworking Fluids
- Personal Care Products
- Others
Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Acme Synthetic Chemicals
- ADM (Archer Daniels Midland Company)
- Cargill, Incorporated
- Chemrez Technologies, Inc.
- CREMER OLEO GmbH & Co. KG
- Elevance Renewable Sciences, Inc.
- Emery Oleochemicals
- Godrej Industries Limited
- JNJ Oil Industries, Inc.
- KLK OLEO
- Krishi Oil Limited
- Mohini Organics Pvt. Ltd.
- P&G Chemicals
- Renewable Energy Group, Inc.
- Stepan Company, Univar Solutions Inc.
- Vertec BioSolvents Inc.
- Victorian Chemical Company Pty Ltd.
- Wilmar International Ltd.

Product Code: CMI5008

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Fatty Acid Methyl Esters Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Fatty Acid Methyl Esters Market - COVID-19
Impact Analysis

5. Global Fatty Acid Methyl Esters Market, By Type, 2019-2031 (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Rapeseed Methyl Ester
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Soy Methyl Ester
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Palm Oil Methyl Ester
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Fatty Acid Methyl Esters Market, By Application, 2024-2031 (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Fuel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Lubricants
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food and Agriculture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Metalworking Fluids
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Personal Care Products
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Fatty Acid Methyl Esters Market, By Region, 2024-2031 (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031 (USD Bn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031 (USD Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031 (USD Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031 (USD Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031 (USD Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031 (USD Bn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Acme Synthetic Chemicals
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- ADM (Archer Daniels Midland Company)
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Cargill, Incorporated
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Chemrez Technologies, Inc.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- CREMER OLEO GmbH & Co. KG
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Elevance Renewable Sciences, Inc.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Emery Oleochemicals
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Godrej Industries Limited
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- JNJ Oil Industries, Inc.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- KLK OLEO
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Krishi Oil Limited
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Mohini Organics Pvt. Ltd.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- P&G Chemicals
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Renewable Energy Group, Inc.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Stepan Company, Univar Solutions Inc.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Vertec BioSolvents Inc.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Victorian Chemical Company Pty Ltd.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates
- Wilmar International Ltd.
  - Company Overview
  - Chair Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact