Cooling Fabrics Market Industry Leaders & New Revenue Pockets

Cooling fabrics are manufactured by using innovative and technologically advanced spinning processes on fibers (synthetic fibers such as nylon, polyester, and spandex and natural fibers such as jade, cocoa beans, and bamboo fibers). These fabrics provide cooling with a temperature 1-2 ℃ lower than the ambient temperature to the wearer. Cooling fabrics can remove sweat and water from the skin very quickly, thus, providing dryness and coolness.

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Major companies operating in the cooling fabrics market include Ventex (Korea), Nan Ya Plastics (Taiwan), Tex-Ray Industrial Co. Ltd. (Taiwan), Invista (U.S.), Ahlstrom (Finland), Formosa Taffeta Co. Ltd. (Taiwan), Singtex (Taiwan), Nike (U.S.), Adidas (Germany), Puma (Germany), and Coolcore LLC (U.S.), among others.

New product launches and acquisitions are the strategies adopted by key companies in the cooling fabrics market. These companies also invested in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the market.

Invista (U.S.) is one of the leading producers of cooling fabrics and accounted for the largest share in terms of development of the cooling fabrics market due to its customer base and global presence across America, Europe, China, Korea, Japan, and New Zealand and high revenue generated from its fabrics business. In July 2016, the company introduced the next generation of LYCRASPORT technology at the Outdoor Retailer Summer Market in Salt Lake City, Utah. This new technology is introduced to provide comfort, fit, and support for stretchable active wear. This new product will help the company provide sport specific garments, especially for athletes and active consumers to optimize the performance along with a high comfort level. In November 2014, INVISTA opened an applied technology laboratory in Qingpu facility in Shanghai, China. This laboratory is designed to improve product development cycle time, offer enhanced technical services in the region, and provide innovative solutions to the customers working with INVISTA.

Coolcore LLC is another leading producer of cooling fabrics, which are used by major consumer brands across the globe to make athletic apparel and other wicking cloths. In January 2016, the company acquired all assets and intellectual property from Tempnology, a provider of temperature regulated fabrics and technologies. This acquisition helped the company retain a leadership position in the cooling fabrics market. In July 2015, Coolcore LLC partnered with Concept III (U.S.) that develops and manufactures creative performance products and innovative textiles. This partnership helped the companies develop and offer cooling fabrics technology that can cater to the market demand.
The cooling fabrics market was valued at USD 1.80 billion in 2016 and is projected to reach USD 2.94 billion by 2021, at a CAGR of 10.3% from 2016 to 2021. Cooling garments are used to ensure safety of personnel in workplaces where they are exposed to extreme weather conditions. Cooling garments help remove metabolic heat and prevent heat exchange between the body and environment. Factors, such as growing demand from sportswear and protective wearing market applications, innovations in the textile industry, and demand for new garments that provide long lasting cooling effect are also expected to drive the cooling fabrics market in the coming years.

Based on type, the cooling fabrics market has been segmented into synthetic and natural cooling fabrics. The cooling fabrics market is dominated by the synthetic segment, which is also projected to grow at the highest CAGR during the forecast period due to its increasing demand and usage across various industries. Durability of synthetic fabrics and cooling provided by them, which are sometimes not achievable with natural fabrics, lead to their higher market share. Easy availability of raw materials used to make these fabrics is another factor that drives the growth of this segment. Hence, synthetic cooling fabrics are widely used in different end-use industries.

Major applications in the cooling fabrics market include sports apparel, protective wearing, lifestyle, and others. The protective wearing application segment is estimated to be the fastest-growing in the global cooling fabrics market during the forecast period due to the growing demand for cooling fabrics from defense, industrial, and firefighting end-use applications.

The Asia-Pacific cooling fabrics market is projected to grow at the highest rate during the forecast period due to the development in sportswear market, increasing concerns for health and safety, and developing economic conditions in this region. The increasing investments by technical textile manufacturers, availability of cheap labor, and low operational costs are the major drivers for the growth of the cooling fabrics market in this region.

Major market players covered in the report are Ventex (Korea), Nan Ya Plastics (Taiwan), Tex-Ray Industrial Co. Ltd. (Taiwan), Invista (U.S.), Ahlstrom (Finland), Formosa Taffeta Co. Ltd. (Taiwan), Singtex (Taiwan), and Coolcore LLC (U.S.), among others.

Europe & Asia-Pacific: The Key Market for Metal Cleaning Chemicals

The report “Metal Cleaning Chemicals Market by Type (Aqueous & Solvent), by Metal Type (Steel, Aluminum, Copper Alloys & Others), by Region - Global Trends & Forecasts to 2020”, defines and segments the metal cleaning chemicals market with an analysis and forecast for type, metal type, and regions by volume as well as value. The metal cleaning chemicals market size by value is projected to reach USD 16.3 Billion by 2020, registering a CAGR of 4.9% between 2015 and 2020.

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Asia-Pacific is the key market for metal cleaning chemicals

Asia-Pacific dominated the metal cleaning chemicals market in 2014. China is the key market for metal cleaning chemicals and accounted for more than 22% of the global metal cleaning chemicals market. The demand is high due to huge demand from the automotive and industrial sectors. The growing manufacturing activities in China, India, and Japan are likely to be major boost to the growth of the metal cleaning chemicals market.

The European market for metal cleaning chemicals is growing from the residential and aerospace sectors. North America accounted for the third-largest market share for metal cleaning chemical in 2014 and is expected to show steady demand in the coming years. The metal cleaning chemicals market in the RoW, especially, in the Middle East & Africa is expected to grow at a good pace in next few years.

Aqueous-based metal cleaners to dominate the global metal cleaning chemicals market

The metal cleaning chemicals market is dominated by aqueous-based metal cleaners and accounted for 84% of the overall market in 2014. The market for aqueous metal cleaning chemicals is projected to register a CAGR of 5.3% between 2015 and 2020. While there was growth in sales of aqueous metal cleaning chemicals, there have been moves toward solvent-based metal cleaners. Recent technical advancement may make solvent cleaning a more cost-effective solution than aqueous cleaning in certain critical applications. Use of solvent-based metal cleaners is, especially, seen in the Asia-Pacific region due lax environmental regulations. Similarly, the Middle East & Africa also enjoys the use of solvent-based metal cleaners due to flexible regulations and policies.

Steel (metal type) to dominate the global metal cleaning chemicals market

Steel is one of the most common materials used in the world and it accounted for more than 80% of the overall cleaning chemicals used in 2014. The Asia-Pacific region is experiencing record sales growth of cleaning chemicals for steel as the region is expected to see decent growth in steel demand. In Asia-Pacific, China, India, and other developing economies are expected to drive the metal cleaning chemicals.

Asia-Pacific Chemical Tankers Market is Projected to Grow at the Highest CAGR

The chemical tankers market is projected to reach USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022. Note: Chemical tankers market includes revenues earned through shipping of chemicals and related products. The construction process of chemical tankers is governed by the safety standards established by the International Bulk Chemical Code (IBC Code). According to the IBC Code, there are three types of chemical tankers, which include IMO 1, IMO 2, and IMO 3. The main products transported by chemical tankers are organic chemicals, inorganic chemicals, and vegetable oils & fats.

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Expansions, joint ventures, acquisitions, and agreements were the key strategies adopted by the major players to achieve growth in the chemical tankers market between 2014 and 2017. The major players operating in the chemical tankers market include Bahri (Saudi Arabia), Stolt-Nielsen (UK), Odfjell (Norway), Navig8 (UK), MOL Chemical Tankers (Singapore), Nordic Tankers (Denmark), Wilmar International (Singapore), MISC Berhad (Malaysia), Team Tankers (Bermuda), and Iino Kaiun Kaisha (Japan).

Odfjell (Norway) has adopted agreements as a major strategy to increase its share in the chemical tankers market and cater the increasing demand for chemical tankers to ship various types of chemical products. In November 2017, Odfjell (Norway) signed an agreement with Sinochem Shipping (Singapore). According to this agreement, Odfjell (Norway) is expected to take four new orders from Sinochem Shipping (Singapore) for manufacturing 840,900 Dead Weight Tonnage (DWT) chemical tankers. In March 2017, Odfjell (Norway) received a contract from Hudong-Zhonghua Shipbuilding (China) for the manufacturing of two chemical tankers. These tankers are expected to have 40 stainless steel cargo tanks with a capacity of 38,000 DWT. In July 2014, Odfjell (Norway) signed a contract with Hyundai Mipo Dockyard (South Korea) to construct four new 46,000 DWT chemical tankers with an option for four additional vessels.

Stolt-Nielsen (UK) has adopted acquisitions as a major growth strategy to strengthen its position in chemical tankers market. In July 2016, Stolt-Nielsen (UK) acquired the chemical tanker operations of Jo Tankers (Norway). This development involved acquisition of 13 chemical tankers by Stolt-Nielsen (UK) and 50% share in a joint venture having eight new tanker buildings. This acquisition enabled Stolt-Nielsen (UK) to increase the number of chemical tankers owned by it.

The chemical tankers market is projected to reach USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022. Note: Chemical tankers market includes revenues earned through shipping of chemicals and related products. The easy and low-cost water transportation of goods makes chemical tankers a suitable choice for chemical importers and exporters across the globe. These chemical tankers are ships, designed specifically for carrying various types of chemicals. One of the major drivers for the chemical tankers market is the rapidly growing chemical industry across the globe. Increasing use of different types of chemicals in various end-use industries such as automotive, aerospace, manufacturing, and construction has led to the growth of the chemicals industry across the globe, which, in turn, has fueled the growth of the chemical tankers market. Moreover, the growing consumption of vegetable oils & fats by masses also acts as a driver for the growth of the chemical takers market across the globe.

Marine bunkers account for a share of 7% of the total global demand for barrels. The growing dependence of masses on oil has led to the formulation of new environmental regulations across the globe that restrict the use of oil. The new IMO regulations, which are expected to be implemented in January 2020, ensure low sulfur cap of bunkers.

Among product types, the vegetable oils & fats segment of the chemical tankers market is projected to grow at the highest AGR, in terms of both, value and volume during the forecast period. The growth of this segment of the market can be attributed to the growing health awareness among masses and ease of transporting vegetable oils & fats. Increasing popularity of olive oil and palm oil is one of the major drivers for the growth of the vegetable oils & fats segment of the chemical tankers market. Different environmental and geographical conditions across the globe have enabled a few countries to produce vegetable oils & fats in abundance. The increasing demand for vegetable oils & fats in the international market is expected to fuel the growth of the vegetable oils & fats segment of the chemical tankers market in the coming years. Among fleet types, the IMO 2 segment of the chemical tankers market is projected to grow at the highest CAGR, in terms of both, value and volume during the forecast period. IMO 2 chemical tankers are mostly used to transport vegetable oils & fats from one place to another. They are also designed to carry chemicals, which require significant care during their transportation.

Among fleet materials, the stainless steel segment of the chemical tankers market is projected to grow at the highest CAGR, in terms of both, value and volume during the forecast period. The favorable properties of stainless steel such as improved chemical resistance and ease of cleaning tanks manufactured from it, make stainless steel a suitable material for developing chemical tankers. 

The Asia Pacific chemical tankers market is projected to grow at the highest CAGR, in terms of both, value and volume during the forecast period. The growth of the Asia Pacific chemical tankers market can be attributed to the flourishing chemical industry in China, increasing domestic production of chemicals in India, and rising number of industries that are dependent on chemicals in Japan and South Korea.

Iodine Market worth 1,041.0 Million USD By 2022 - At a CAGR of 4.58%

Expansions and new product launches are the key development strategies adopted by leading players in the global iodine market.

Iodine is a non-metallic element with a blue-black color and lustrous appearance. It belongs to the halogen family in the periodic table and is the least reactive among the halogens. Iodine is a trace element that can be obtained mainly from three sources, which are underground brines, caliche ore, and seaweed. It is also recycled in many parts of the world, mainly in Japan. Iodine is either used in elemental or isotopic form and in the form of inorganic salts & complexes and organic compounds. It is widely used in numerous applications, such as X-ray contrast media, pharmaceuticals, iodophors, and optical polarizing films in LCDs, catalyst in polymer synthesis, biocides, human nutrition, animal feed, and fluorochemicals. Increasing use of iodine in optical polarizing films in LCD applications and growing deficiency of iodine in developing countries are the major factors driving the market for iodine globally. The growth is further driven by its application in X-ray contrast media, fluorinated derivatives, and photography. The global iodine market is estimated at USD 832.1 million in 2017 and is projected to reach USD 1,041.0 million by 2022, at a CAGR of 4.58% between 2017 and 2022.

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Key companies manufacturing iodine were majorly involved in expansions to strengthen their positions in the market. It was the most preferred strategy adopted by the market players from 2013 to 2017. The increase in the number of expansions indicates that manufacturers are expanding their production facilities to establish a strong foothold in the iodine market and cater the escalating demand for iodine due to its deficiency, especially in developing countries. New product launch was the second-most preferred growth strategy by manufacturers. Major market players are adopting this strategy to diversify their product portfolio by bringing out new, innovative products.

Major manufacturers such as Sociedad Química y Minera (SQM) (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), Algorta Norte SA (Chile), Nippoh Chemicals Co., Ltd (Japan), Kanto Natural Gas Development Co., Ltd (Japan), Toho Earthtech Co., Ltd (Japan), and Godo Shigen Co., Ltd (Japan), among others, are profiled in this report. These companies have large production facilities and have adopted organic strategies to become the leading players in the global iodine market.

Sociedad Química y Minera (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), and Algorta Norte SA (Chile) are the leading players in the global iodine market. These companies accounted for the highest number of strategic activities, with expansions and product launches being the most preferred ones.

                           

SQM is the leading manufacturer of iodine with the largest production capacity of iodine globally. The company manufactures around 10,000 tons of iodine and its derivatives annually. The company, in 2016 launched a new product Ethyl-TriPhenyl-Phosphonium Iodide (ETPPI) through its brand Iodeal. ETPPI is a quaternary phosphonium salt used in the advancement or curing of thermosetting powder coatings and phenolic-based epoxy resins, as a phase transfer catalyst, and a Wittig reagent. This product launch helped the company enhance and broaden its product offerings.

Iofina is another major company operating in iodine manufacturing after SQM. For instance, in 2017, Iofina expanded its iodine production with the construction of IO#7, a new production plant for manufacturing iodine and its derivatives. With this expansion, the company will be able to increase its iodine production with lower per kilo cost of production.

Increasing use of iodine in optical polarizing films in LCD as well as other versatile applications and growing iodine deficiency disorders in developing countries are driving the growth of the iodine market.

Iodine is a trace element found in nature, occurring in earth’s crust as mineral deposits, in underground brines, and in seaweeds. It is a non-metallic element with a blue-black color and lustrous appearance. Iodine is essential for human and animals for proper functioning of thyroid glands, brain activities, and reproducibility. Iodine, owing to its high reactivity and occurrence in several oxidation states, gives numerous organic and inorganic compounds. It is used in a plethora of applications in three major forms, namely, organic compounds, inorganic salts & complexes, and elemental & isotopic form. It is used in many applications across the industrial sector. It is used in table salts for human consumption, and as an additive in animal feed, pharmaceutical, and healthcare applications. It is also used in polarizing films along with PVA in LCD components. It is used in iodophors, nylon manufacturing, as catalyst in polymer synthesis, as biocide in manufacturing of fluorinated compounds, and in agricultural intermediates and heat stabilizers. The market is witnessing growth due to its increasing use in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and use of iodine in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine. The global iodine market is estimated at USD 832.1 million in 2017 and is projected to reach USD 1,041.0 million by 2022, at a CAGR of 4.58% between 2017 and 2022.

Asia Pacific is estimated to be the fastest-growing market, in terms of both value and volume, during the forecast period. China is projected to be the fastest-growing iodine market in Asia Pacific, accounting for a major share of the demand for iodine in the region. The growth in the chemical manufacturing industry, favorable demographic scenario, the rise in aging population, growing investments in the radiology market, and increasing government support to strengthen healthcare services in the emerging countries such as China, India, and Nepal are expected to increase the demand for iodine in the region during the forecast period.

Recycling is estimated to be the fastest-growing segment of the iodine market, by source during the forecast period. Owing to the continuous commercial exploitation of mineral deposits and underground brines, iodine reserves may eventually deplete. Recycling of iodine will ensure its sustainable availability in the near future.

Organic compounds is estimated to be the fastest-growing segment of the iodine market, by form during the forecast period. It is the fastest-growing segment due to the increasing consumption of organic compounds such as methyl iodide in pesticides and soil fumigants in the agrochemical industry. The growing consumption of organic compounds in electronics and healthcare industry is also expected to boost their demand during the forecast period.

Optical polarizing films is estimated to be the fastest-growing segment of the iodine market, by application during the forecast period. The growing demand for iodine in optical polarizing films is attributed to the improved standards of living, rise in disposable income in developing countries, and increasing preference for advanced and visually appealing LCD display panels. The aforementioned factors are expected to drive the demand for iodine from the optical polarizing films application during the forecast period.
Major players in the global iodine market undertook various development strategies in recent years. Expansions and new product launches are some of the key strategies undertaken by major manufacturers such as Sociedad Química y Minera (SQM) (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), and Algorta Norte SA (Chile). These strategies have helped these companies increase their production facilities and enhance their shares in the iodine market. For instance, in the period of 2016-2017, companies such as Iofina and IOCHEM Corporation expanded their manufacturing facilities by constructing new manufacturing plants and drilling of production wells respectively to increase their production capacities in the coming years.

North America is the Key Market for Biocides

The report “Biocides Market by Type (Halogen compounds, Metallic compounds, Organosulfurs, Organic acids, Phenolics, and Others) and by Application (Water treatment, Personal care, Wood preservation, Food & beverage, Paints & coatings, and Others) - Global Trends and Forecasts to 2020”, defines and segments the biocides market with an analysis and forecast for types and applications by volume as well as value. The biocides market size by value is projected to reach USD 10.6 Billion by 2020, with a CAGR of 4.8% between 2015 and 2020.

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North America is the key market for Biocides

North America dominated the biocides market in 2014. The U.S. is the key market for biocides in the region. The growing demand for biocides in water treatment and food & beverage segments is driving the market for biocides in the region. Furthermore, the reviving construction industry in North America drives the market for biocides in paints & coatings and wood preservation segments. Paints & coatings segment is expected to witness growth during the projected period.

Asia-Pacific is the fastest-growing for biocides market during the projected period. The ensuing increase in investments and rise in the number of new manufacturing establishments is anticipated to witness Asia-Pacific emerge into a prime driver of growth for the biocides market. Furthermore, the food & beverage segment is expected to witness decent growth during the forecast period. This is due to the rising concern for safe packaged food in the region. Moreover, the rising construction activities drive the market for biocides in paints & coatings and wood preservation applications.

Water treatment application to dominate the global biocides market

Water treatment segment dominated the biocides market with ~25.6% the global market share in 2014, in terms of volume. The increasing demand for treated municipal and industrial water from the end-use industries is driving the market for biocides. The increased emphasis on clean water by the government of both the developed and developing nations paves a way for the growth of biocides. Biocides provide unparalled benefits in the water treatment and other segments.

Food & beverage is the other key application area of biocides. The stringent food safety norms in the developed nations of Europe and North America drive the market for biocides. Moreover, the growing food & beverage industry in the Asia-Pacific region drives the market for biocides, where they are used as preservatives.

Halogen Compounds projected to have the highest growth

Halogen compounds had the largest market share in 2014 and are projected to dominate the global market by 2020. They are very effective microbial growth control agents, less costly, efficient, have wide spectrum of applications, and relatively low occurrence of resistance. All these factors act as a driver for the halogen compounds.

Metallic compounds are used in wood preservation, food & beverage, and paint & coating applications as biocides. Silver-based biocides are widely used as an antibacterial agent in consumer products because of their properties such as high thermal stability and health and environmental safety. The organosulfur biocides are used to control microbial activity in the oil refineries industry. Organic acids such as formic or acetic acids are used as biocides on account of their less reactive nature as compared with strong mineral acids such as hydrochloric acid (HCl), mixtures of HCl and hydrofluoric acid (HF). Despite of these properties, these compounds do not hold larger market share than halogen compounds. Halogen compounds are more cost-efficient which is why they are used in a variety of applications.

Problem & Solutions of Ceramic Membrane Market Industry

The ceramic membrane market is projected to register a market size of $5.1 Billion by 2020, signifying a firm annualized growth of 11.7% between 2015 and 2020.

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Asia-Pacific – The biggest market for ceramic membranes

The ceramic membranes market in Asia-Pacific is projected to register one of the highest growth rates mainly due to the presence of emerging economies, such as China, Japan, and India as well as emerging activities in the water & wastewater treatment, pharmaceuticals, food & beverage, and biotechnology sectors. Asia-Pacific is the largest market for ceramic membranes with a share of more than 35% of the global market in terms of value in 2014, which was majorly contributed by China. China is the fastest-growing market for ceramic membranes in the region owing to growing population, favorable investment policies, and government initiatives to promote industrial growth. Increasing consumption of ceramic membranes technologies, such as ultrafiltration, microfiltration, nanofiltration, and others has been observed in Asia-Pacific owing to continuous industrialization and growth in the manufacturing sector.

Nanofiltration Technology – The fastest-growing technology segment of ceramic membranes

The nanofiltration technology segment is the fastest-growing technology segment of ceramic membranes market. Asia-Pacific is currently the largest consumers of nanofiltration ceramic membranes technology. This technology segment accounted for a share of around 9% of the total ceramic membranes market in 2014. Nanofiltration technology is used in liquid phase membrane separation processes for separation of natural organic and inorganic substances. Its water softening ability, recycling, sterilization, and stability in very high or low pH environments makes it a suitable technology for various application industries, such as water & wastewater treatment, food & beverages, biotechnology, and pharmaceuticals. These features make this technology a feasible option in comparison with other ceramic membrane technologies.

Water & Wastewater Treatment Industry – The largest market for ceramic membrane

The water & wastewater treatment is the largest application industry of ceramic membranes and this trend is projected to continue in the near future due to the increasing issues of water scarcity, growing demand of quality water, and water desalination processes. Asia-Pacific is the largest market for water & wastewater treatment industry. This application segment accounted for a share of around 55% of the total ceramic membrane market in 2014. Food & beverages is projected to be the fastest-growing application segment, followed by biotechnology, between 2015 and 2020 due to the increasing demand of recycling, recovery of materials, clarification of juices and beer, sterilization of milk, and so on.

Major players such as Jiangsu Jiuwu Hi-Tech Co., Ltd. (China) and Metawater Co., Ltd. (Japan) have adopted the development strategies of expansions, partnerships, and product developments to achieve growth in the ceramic membranes market.

Research on “Ceramic Membrane Market by Material (Titania, Alumina, Zirconium Oxide), by Application (Water and Wastewater Technology, Pharmaceuticals, Food and Beverage, Chemical Processing, Biotechnology), by Technology (Ultrafiltration, Microfiltration, Nanofiltration), by Region - Global Trends & Forecasts to 2020”

Fatty Acid Methyl Ester (FAME) Market Industry Leaders Research Insight & New Revenue Pockets

The global fatty acid methyl ester market is projected to reach USD 22.13 billion by 2021, at a CAGR of 5.1% between 2016 and 2021. Growing demand for biodiesel due to its environment friendly nature, tax incentives from the government and recyclability are some of the factors driving the global fatty acid methyl ester market.

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The key companies offering fatty acid methyl ester have been mainly involved in expansion and acquisitions strategies. They have been rigorously adopting these strategies to strengthen their position in the global fatty acid methyl ester market. The large players operating in this market have been taking initiatives to enhance their global reach, while small companies have been concentrating increasingly on the development of new products between 2012 and 2016.

The strategy of acquisitions has been most important growth strategy adopted by the company’s manufacturing fatty acid methyl ester between 2012 and 2016. This strategy accounted for a share of 35% of all strategic developments that took place in the market between 2012 and 2016. The strategy of joint ventures & expansions were the second-most preferred growth strategies adopted by the manufacturers and accounted for a share of 29% of the total development strategies that took place in the global fatty acid methyl ester market between 2012 and 2016.

Wilmar International Limited (Singapore), Cargill Inc. (U.S.), KLK Oleo (Malaysia), ADM Company (U.S.), Emery Oleochemicals (Malaysia), BASF SE (Germany), are some of the key players operational in the fatty acid methyl ester market.

Wilmar International limited (Singapore), is the leading player in the fatty acid methyl ester market. The company offers wide range of fatty acid methyl ester. The company follows both, organic as well as inorganic growth strategies to increase its market share in the global fatty acid methyl ester market. The company has been focusing on joint ventures and also expanding its business in new geographies. This has helped the company expand its global footprint and to tap the critically advantageous geographic regions that are witnessing rapid growth in the fatty acid methyl ester market. For instance, in September 2016, Wilmar International and ADM (U.S.), formed a joint venture company, Olenex. Through this joint venture, Wilmar and ADM will be able to offer its products more efficiently to the huge customer base in Europe. In May 2016, Adani Wilmar Ltd, a joint venture between Adani Enterprises Ltd (AEL) and Wilmar International Ltd, has proposed to join hands with Ruchi Soya to create one of India’s leading consumer goods companies. This joint venture will help the companies to increase their market presence in India and other South-East Asian countries.

ADM Company (U.S.) is another key player operating in this market. This company manufactures and supplies a wide range of fatty acid methyl ester. The products range from soy methyl ester, rapeseed methyl ester, palm methyl ester and so on. The company adopted both expansion and acquisitions strategies over the years to expand its global footprint in the fatty acid methyl ester market. In June 2016, ADM started its new soybean crushing capacity at its oilseeds plant in Straubing, Germany and also expanding its soy crushing options at other facilities in northwest Europe. This will help ADM expand its products offering to the European market. In November 2014, ADM acquired Specialty Commodities Inc. (U.S.), which helped ADM to procure high quality raw materials for its processing plants and offer high quality products to its customers. 

The global fatty acid methyl ester market is a competitive market, with key players adopting various growth strategies to maintain or increase their shares in the global fatty acid methyl ester market.

Fatty Acid Methyl Ester (FAME) Market Industry New Revenue Pockets -

The fatty acid methyl ester market is estimated to reach USD 22.13 billion by 2021 at a CAGR of 5.1% from 2016 to 2021. Growing biodiesel demand, stringent environmental rules and regulations, reduction of greenhouse gases, energy efficiency are some of the factors driving the global fatty acid methyl ester market.

Based on type, the rapeseed methyl ester segment led the market for fatty acid methyl ester. This segment is the largest market segment for the global fatty acid methyl ester market. The rapeseed methyl ester segment is projected to grow at the highest CAGR during the forecast period. 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 soybean. Soybean has 18% to 22% oil content while rapeseed has 30% to 37% oil content. The high cetane number of biodiesel produced from rapeseed oil enables complete combustion and thus lowers emissions. Rapeseed is a major biodiesel feedstock used in Europe, and it is expected to dominate the overall fatty acid methyl ester market in future as well.

The North America region accounted for the largest share of the global fatty acid methyl ester market in 2015, owing to presence of various fatty acid methyl ester manufacturers in the region with their sales presence all around the globe. However, Asia-Pacific is expected to be the fastest-growing market in the coming years, in terms of value. This market has the highest growth potential, as emerging economies in the Asia-Pacific region are expected to be key markets. Presently, the fatty acid methyl ester market in Asia-Pacific is at the early growth stage and is growing at a faster pace than that of other regions. The Asia-Pacific biodiesel market has high growth potential, due to the abundant availability of feedstock, such as palm oil in Malaysia, Indonesia, and Philippines and waste oil and animal fat in China and Japan. This is expected to consequently increase the demand for fatty acid methyl ester in the region.

The global fatty acid methyl ester market is fragmented and is highly competitive with the presence of large number of prominent players. BASF SE (Germany), Wilmar International Limited (Singapore), Cargill Inc. (U.S.), KLK Oleo (Malaysia), ADM Company (U.S.), Emery Oleochemicals (Malaysia) and so on.These companies adopted various strategies such as expansions, joint ventures, and mergers & acquisitions to strengthen their foothold and increase their share in this market. The global fatty acid methyl ester market is expected to have significant potential for growth in the near future.