Market Size of Fatty Acid Methyl Ester Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fatty Acid Methyl Ester (FAME) Market Analysis
The fatty acid methyl ester market is projected to register a CAGR of over 5% during the forecast period (2022-2027).
Manufacturing activities were halted due to supply chain disruptions and labor shortages or as a protective measure to stop the spread of COVID-19, thereby negatively affecting the market. Various end-user industries such as food and beverage and paints and coatings witnessed some major issues due to the pandemic, including the effects of nationwide lockdowns and companies moving to source away from China, thereby affecting the market on a short-term basis.
- Over the medium term, the growing demand for biodiesel has been driving market growth.
- However, the high manufacturing cost due to volatile raw material prices is likely to hinder the growth of the studied market.
- The North American region dominated across the world, with increasing consumption from countries such as the United States and Canada.
