Fatty Acid Ester Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Fatty Acid Ester Market is expected to exceed USD 82.93 billion by the end of 2030, in terms of revenue, and is growing at a CAGR of 4.8% during the forecast period 2022 to 2030.
Fatty Acid Ester Market Overview:
Fatty acid esters are esters synthesized by dehydration of fatty acids and alcohols. These esters have excellent lubricity, solvency and oxidation resistance, making them useful in skin and personal care, organic lubricants, paper and water treatment products. Biodiesel is typically a fatty acid ester produced by the transesterification of vegetable fats and oils, resulting in the partial replacement of glycerol with another alcohol. Fatty acid methyl esters (FAME) are fatty acid esters. The physical properties of fatty acid esters are similar to pure vegetable oil and fossil diesel, but their properties depend on the form of vegetable oil. A mixture of various fatty acid methyl esters is widely known as biodiesel, which is a sustainable alternative fuel.
Low toxicity of fatty acid esters coupled with changing end-user preference for biodiesel is expected to be one of the major factors driving the growth of the global fatty acid esters industry. Gradual shift towards greener transportation in the automotive industry is expected to increase global fatty acid growth owing to its low cost and biodegradable presence.
However, high cost of fatty acid esters and high cost of raw materials are likely to hamper the growth of this market in the near future. Fatty acid esters are costly to process and developing regions such as Asia Pacific, Middle East, and Africa are not yet fully ready for the high cost technology and thus may hamper the market for fatty acid esters.
Fatty Acid Ester market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Fatty Acid Ester market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Fatty Acid Ester market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
- March 2020, Matangi Industries LLP, a specialty chemicals company announced expansion plans for its performance chemicals facility, which includes production of fatty acid esters. The company’s production capacity has became 14,400 tons per year after expansion.
Top Key Players include in the Fatty Acid Ester Market are
KLK Oleo, Cargill, Archer Daniels Midland Company, BASF SEÂ , Wilmar International LimitedÂ , P&G ChemicalsÂ , Emery Oleochemicals GroupÂ , Longyan Zhuoyue New Energy, Alnor Oil, Berg + Schmidt, and others.
The Fatty Acid Ester market research report is categorized based on type, applications and region.
On the Basis of Type:
- Medium Chain Triglycerides (MCT)
- Glyceryl Monostearate
- Isopropyl Palmitate
On the Basis of Application:
- Personal Care Products and Cosmetics
On the Basis of Region:
Geographically, the global Fatty Acid Ester market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Fatty Acid Ester region is dominating this market in the upcoming future.
North America led the market and accounted for over 35.0% share of global revenue in 2019 and is expected to continue its dominance over the forecast period. High standards of living and increasing focus on beauty and appearance owing to social media influence, changing consumer perceptions, and transitioning promotional methods by major personal care companies are expected to drive product demand in this application segment.
Rising sustainability & health concerns are also boosting the demand for natural ingredients and cosmetic products manufactured using fatty acid esters. APAC is estimated to be the fastest-growing regional market due to the high consumption of glyceryl monostearate in personal care & cosmetics products. Increasing industrial output and rising population, especially in China, India, and Southeast Asia, have driven the manufacturing and food processing industries sector in the region. This led to a high demand for natural & sustainable materials with application-specific properties.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Fatty acid esters, which are organic compounds derived from fatty acids and alcohols, have a range of drivers, restraints, and opportunities in the market. Some of the key drivers include the growing demand for personal care and cosmetic products, as fatty acid esters are key ingredients in these products. There is also an increasing demand for food and beverages, where fatty acid esters are used as emulsifiers, stabilizers, and preservatives due to the growing population and changing food preferences. Furthermore, the increasing health awareness among consumers is driving demand for fatty acid esters, as they are considered safe for consumption and used as substitutes for harmful Trans fats.
On the other hand, some of the restraints in the fatty acid ester market include high production costs, which require specialized equipment and raw materials, making it a costly process that limits growth potential. There are also stringent regulations and guidelines from various regulatory bodies that limit their use in certain industries and applications. Additionally, there is competition from other substitutes such as synthetic emulsifiers and stabilizers, which can limit the growth potential of fatty acid esters.
Finally, some opportunities in the market include the potential for fatty acid esters to be used in emerging applications such as biofuels, detergents, and lubricants, which can open up new opportunities for market growth. Advancements in technology can help reduce production costs and increase efficiency, making fatty acid esters more affordable and accessible to a wider range of companies. The growing preference for natural and organic products is also creating new opportunities for fatty acid esters, as they are derived from natural sources and considered safe for consumption and use.
Fatty Acid Ester Market report scope
CAGR of 4.8% during the forecast period.
Medium Chain Triglycerides (MCT), Glyceryl Monostearate, Isopropyl Palmitate
Personal Care Products and Cosmetics, Lubricants, Food, Surfactants
KLK Oleo, Cargill, Archer Daniels Midland Company, BASF SEÂ , Wilmar International LimitedÂ , P&G ChemicalsÂ , Emery Oleochemicals GroupÂ , Longyan Zhuoyue New Energy, Alnor Oil, Berg + Schmidt
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Fatty Acid Ester market?
Who are the key vendors of the global Fatty Acid Ester market?
What are the leading key industries of the global Fatty Acid Ester market?
Which factors are responsible for driving the global Fatty Acid Ester market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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