Fatty Acid Methyl Ester Market to Grow with 5.40% CAGR by 2026
" COVID-19 Impact on Fatty acid methyl ester market, size, share, growth, industry analysis and forecast 2020-2026 "
The fatty acid methyl ester is applicable mainly as a key constituent in biodiesel. It is considerably preferred over standard diesel owing to its many beneficial characteristics such as less toxic emissions and its eco-friendly nature. The fatty acid methyl ester is extracted from vegetable oils, animal fats, or waste cooking oils by trans-esterification.
The leather chemical industry utilizes it to make a leather fat-liquoring agent used as a special textile detergent. Increasing demand for detergent is predicted to support the fatty acid methyl ester market growth during the forecast period. Its supplemented characteristics, such as outstanding lubricity, excellent dissolvability in organic solvents, and high boiling points, are raising its preference in many end-use industries, eventually augmenting fatty acid methyl ester market growth.
Request for sample copy of the report @ https://www.infoholicresearch.com/request-a-sample-report/?repid=14673
Furthermore, due to the fatty acid methyl ester properties, such as less toxic and bio-degradable, governments of various countries have been encouraging its automotive industry to boost the market growth. Additionally, demand in the Asia Pacific is providing opportunities for the market.
The Fatty Acid Methyl Ester Market research report titled “Fatty Acid Methyl Ester Market based on Product, Application, and Geography – Global Forecast up to 2026.”
Few well-known companies are Archer Daniels Midland Company, Emery Oleochemicals Group, Longyan Zhuoyue New Energy Co. Ltd., Wilmar International Limited, and Alnor Oil Co. Inc.
Moreover, North America leads the fatty acid methyl ester market due to the increasing demand from the end-use industries. On the other hand, Asia Pacific has a lucrative growth rate due to the high urbanization and rising disposable income.
Access full report summary @ https://www.infoholicresearch.com/report/fatty-acid-methyl-ester-market/
The report consists of 77 Tables and 46 charts depicting the in-depth market study and the impact analysis of COVID-19.
Global Fatty Acid Methyl Ester Market as per the Type
- Rapeseed methyl ester
- Soy methyl ester
- Palm oil methyl ester
Global Fatty Acid Methyl Ester Market as per the Application
- Metal Working Fluids
- Food & Agriculture
Global Fatty Acid Methyl Ester Market as per the Geography
- North America
- Asia Pacific
- Rest of the World