The report "Fatty Acid Methyl Ester Market by Type (Soya Methyl Ester, Rapeseed Methyl Ester, Palm Oil Methyl Ester & Others), Application (Fuels, Lubricants, Coatings, Food & Agriculture, Metal Working Fluids & Others), Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) - Global Forecast to 2021", The fatty acid methyl ester market is expected to grow from USD 17.26 Billion in 2016 to USD 22.13 Billion by 2021, at a CAGR of 5.1% from 2016 to 2021. Increase in the use of fatty acid methyl ester in biodiesel and the growing concern for environment is expected to drive the growth of fatty acid methyl ester market.
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Browse 106 market data tables and 53 figures spread through 154 pages and in-depth TOC on “Fatty Acid Methyl Ester Market by Type (Soya Methyl Ester, Rapeseed Methyl Ester, Palm Oil Methyl Ester & Others), Application (Fuels, Lubricants, Coatings, Food & Agriculture, Metal Working Fluids & Others), Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) - Global Forecast to 2021”

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The global fatty acid methyl ester market was valued at USD 16.52 Billion in 2015 and is projected to reach USD 22.13 Billion by 2021, at a CAGR of 5.1% from 2016 to 2021. Stringent environmental rules, growing concern of environmental friendly products, growing biodiesel demand are some of the factors that are expected to drive the growth of the fatty acid methyl ester market during the forecast period.
The rapeseed methyl ester type segment led the global fatty acid methyl ester market in 2015. This can be attributed to the fact that rapeseed methyl ester based biodiesel shows greater efficiency and better performance than the other types of methyl ester. Rapeseed contains higher oil contents which makes it more suitable for use in lubricating, coating and metal working fluid applications. Rapeseed is abundantly available in European region where the environmental and other norms are most strict. All this factor will led the market of rapeseed methyl ester in the overall fatty acid methyl ester market.
Fuel as an application consumed highest fatty acid methyl ester in 2015 and this trend is expected to remain same in near future as well. Fatty acid methyl ester is the prime constituent of biodiesel. The growing dependency on fossil fuel and depleting reserves of fossil fuel has forced the countries to think for an alternative of this fossil fuel based products. Biodiesel is an alternative for the fossil diesel and are widely used as in various countries. Fatty acid methyl ester is also a preferred alternative to conventional mineral-based products for applications in lubricants, coatings, food & agriculture, and so on, owing to its properties, such as high lubricity, non-toxicity, and biodegradability. It is also used in leather, food, agriculture, and many other industries.