Market Overview:
The global epoxy fatty acid methyl ester (EFAME) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for EFAME in medical field, food sector, and industrial sector. North America is expected to dominate the global EFAME market during the forecast period owing to the presence of key players and technological advancements in this region.
Product Definition:
Epoxy Fatty Acid Methyl Ester is a colorless, viscous liquid. It is used as a fuel additive to increase the cetane number and improve the performance of diesel engines.
4.5<Epoxy Value<5:
4.5<Epoxy Value<is a unique patented technology of Epoxy fatty acid methyl ester (EFAME) developed by the researchers at Yokohama National University. It is an innovative approach to produce bio-based epoxidized vegetable oils, which has wide applications in various end-use industries such as cosmetics and food & beverage.
Epoxy Value≥5:
Epoxy value is a measure of the effectiveness of epoxy resin in animal feed applications. It is an indicator that reflects the efficiency with which epoxy resins are converted into fatty acids and other compounds, such as glycogen, in livestock.
The higher the number, the better for animal feed applications; however, it has to be taken into consideration that this value should comply with regulations set by regional authorities.
Application Insights:
The global epoxy fatty acid methyl ester (EFAME) market has been segmented on the basis of application into medical field, food sector, industrial sector and others. The medical application dominated the overall industry in terms of revenue in 2017. This is attributed to increasing product demand for manufacturing various products such as adhesives, sealants and coatings used in healthcare applications including sutures and surgical stitches.
Epoxy fatty acid methyl ester based resins are also widely utilized for coating stents which help prevent restenosis after angioplasty procedures. Moreover, they are used as a coating material for pacemakers due to their high biocompatibility which helps prevent tissue reaction with the device over time resulting in complications such as pain or burning sensation while taking a breath or heartbeat. These factors are anticipated to drive product demand from medical applications over the forecast period thereby contributing towards significant market growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for epoxy fatty acid methyl ester from various end-use industries such as paints & coatings, automotive, construction, and food processing. In addition, rising disposable income levels in emerging economies like China and India are expected to fuel product demand further over the coming years.
Growth Factors:
- Increasing demand for biodiesel as a fuel source: The global market for biodiesel is expected to grow at a CAGR of more than 10% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of using biodiesel as a fuel source, such as its low emissions and environmental friendliness. EFAME is an important component of biodiesel and its growing demand will drive the growth of the EFAME market.
- Rising demand from end-use industries: The end-use industries that consume EFAME include paints & coatings, adhesives & sealants, printing inks, plastics modification, and others (including agricultural). The growing demand from these industries will propel the growth of the EFAME market during the forecast period.
- Technological advancements in production processes: With technological advancements taking place across various production processes used for manufacturing EFAME products, their quality and efficiency are improving significantly. This is resulting in an increase in their adoption by various end-use industries, thereby propelling the growth of this market segment during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Epoxy Fatty Acid Methyl Ester(EFAME) Market Research Report
By Type
4.5<Epoxy Value<5, Epoxy Value≥5
By Application
Medical Field, Food Sector, Industrial Sector
By Companies
Hebei Jingu Plasticizer, Zhejiang Jiaao Huanbao, East Huge Dragon Group, Jiangsu Tianzheng Biofuels, Foshan Shengjun, Novista Group, Anhui Tianyi Environmental Protection Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Epoxy Fatty Acid Methyl Ester(EFAME) Market Report Segments:
The global Epoxy Fatty Acid Methyl Ester(EFAME) market is segmented on the basis of:
Types
4.5<Epoxy Value<5, Epoxy Value≥5
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Field, Food Sector, Industrial Sector
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hebei Jingu Plasticizer
- Zhejiang Jiaao Huanbao
- East Huge Dragon Group
- Jiangsu Tianzheng Biofuels
- Foshan Shengjun
- Novista Group
- Anhui Tianyi Environmental Protection Technology
Highlights of The Epoxy Fatty Acid Methyl Ester(EFAME) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4.5<Epoxy Value<5
- Epoxy Value≥5
- By Application:
- Medical Field
- Food Sector
- Industrial Sector
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Epoxy Fatty Acid Methyl Ester(EFAME) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EFAME is a type of epoxy fatty acid methyl ester. It is a synthetic compound that is used in cosmetics and other personal care products. EFAME helps to improve the appearance of skin by providing a smooth, glossy finish.
Some of the major companies in the epoxy fatty acid methyl ester(efame) market are Hebei Jingu Plasticizer, Zhejiang Jiaao Huanbao, East Huge Dragon Group, Jiangsu Tianzheng Biofuels, Foshan Shengjun, Novista Group, Anhui Tianyi Environmental Protection Technology.
The epoxy fatty acid methyl ester(efame) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Epoxy Fatty Acid Methyl Ester(EFAME) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Epoxy Fatty Acid Methyl Ester(EFAME) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Epoxy Fatty Acid Methyl Ester(EFAME) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Epoxy Fatty Acid Methyl Ester(EFAME) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Epoxy Fatty Acid Methyl Ester(EFAME) Market Size & Forecast, 2020-2028 4.5.1 Epoxy Fatty Acid Methyl Ester(EFAME) Market Size and Y-o-Y Growth 4.5.2 Epoxy Fatty Acid Methyl Ester(EFAME) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 4.5<Epoxy Value<5
5.2.2 Epoxy Value≥5
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Field
6.2.2 Food Sector
6.2.3 Industrial Sector
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Epoxy Fatty Acid Methyl Ester(EFAME) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Epoxy Fatty Acid Methyl Ester(EFAME) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 4.5<Epoxy Value<5
9.6.2 Epoxy Value≥5
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Field
9.10.2 Food Sector
9.10.3 Industrial Sector
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 4.5<Epoxy Value<5
10.6.2 Epoxy Value≥5
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Field
10.10.2 Food Sector
10.10.3 Industrial Sector
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 4.5<Epoxy Value<5
11.6.2 Epoxy Value≥5
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Field
11.10.2 Food Sector
11.10.3 Industrial Sector
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 4.5<Epoxy Value<5
12.6.2 Epoxy Value≥5
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Field
12.10.2 Food Sector
12.10.3 Industrial Sector
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 4.5<Epoxy Value<5
13.6.2 Epoxy Value≥5
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Field
13.10.2 Food Sector
13.10.3 Industrial Sector
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Epoxy Fatty Acid Methyl Ester(EFAME) Market: Competitive Dashboard
14.2 Global Epoxy Fatty Acid Methyl Ester(EFAME) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hebei Jingu Plasticizer
14.3.2 Zhejiang Jiaao Huanbao
14.3.3 East Huge Dragon Group
14.3.4 Jiangsu Tianzheng Biofuels
14.3.5 Foshan Shengjun
14.3.6 Novista Group
14.3.7 Anhui Tianyi Environmental Protection Technology