During the forecast period, the fatty acid methyl ester market is expected to grow at a rate of above 5%. (2021-2026).
Manufacturing activities were paused due to supply chain disruptions and manpower shortages, or as a precautionary measure to prevent the spread of COVID-19, causing market disruption. Various end-user industries, such as food and beverage and paints and coatings, experienced substantial challenges as a result of the COVID-19 epidemic, including statewide lockdowns and corporations shifting their sourcing away from China, impacting the Palm Methyl Ester Market in the short term.
The market is expected to develop in the medium term due to the rising demand for biodiesel.
However, increased manufacturing costs are a result of variable raw material prices and the global coronavirus outbreak.
Read More @ https://cmiinfopiece.blogspot.com/2022/01/palm-methyl-ester-market-is-expected-to.html
