Fatty Acid Methyl Ester (FAME) Market Report - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2023
Fatty Acid Methyl Ester (FAME) Market Overview Fatty acid methyl ester or FAME demand will continue to growth healthy in the next decade. It is bio-based product, which primarily derived from vegetable oil, soya beans, palm oil and rapeseed. Market Research Future (MRFR) reports that the global fatty acid methyl ester (FAME) market will exhibit a healthy growth between 2018 and 2023. Rise of bio-fuel has reflected favorably on the market. FAME is a key constituent in biodiesel. In recent years, biodiesel has emerged as one of the better options to replace conventional fossil fuels. FAME is a low emission and non-toxic product. The product is also used in manufacturing facilities for greasing and lubrication purpose. It prevents corrosion in machineries and equipment. FAME is also popular in the food & beverage sector. It is used as thickening agent and emulsifying agent in various types of packaged food. The application of fatty acid methyl ester market spans across ...