Fatty Acid Methyl Ester Market to Achieve 5.1% CAGR Oct 2016 | Page 2

Fatty Acid Methyl Ester Market: Global Forecasts to 2021 “The global fatty acid methyl ester market size is projected to reach USD 22.13 billion by 2021” The global fatty acid methyl ester market is projected to reach USD 22.13 billion by 2021, from USD 16.52 billion in 2015, registering a CAGR of 5.1% between 2016 and 2021. The main reasons for the growth of this market are the increasing use of this fatty acid methyl ester due to its environmental friendly nature and increasing usage of biodiesel in the various region. “Rapeseed methyl ester: The largest type segment of the market” Rapeseed methyl ester segment was the largest type segment of the global fatty acid methyl ester market in 2015. Rapeseed oil is the largest source of fatty acid methyl ester feedstock in the world, with more than 1.5 million gallons of biodiesel produced from rapeseed globally in 2009. Rapeseed has better oil content than other types of raw materials of fatty acid methyl ester. Other type includes soy methyl ester, palm oil methyl ester and so on. © RnRMarketResearch.com ; [email protected]