Global Fatty Acid Esters Market, By Product Type (Medium Chain Triglycerides (MCT), Glyceryl Monostearate, Isopropyl Esters, Polyol Esters, Sucrose Esters, Glycol Esters, Others), Application (Personal Care and Cosmetics, Lubricants, Food Processing, Surfactants and Detergents, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Fatty Acid Esters Market
The fatty acid esters market is estimated to reach a value of USD 3.13 billion by 2028 and is expected to grow at a compound annual growth rate of 4.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on fatty acid esters market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Fatty acid esters are a type of ester that is obtained from the combination of a fatty acid with an alcohol. When the alcohol component is glycerol, and the fatty acid esters produced can be diglycerides, monoglycerides or triglycerides.
The increase in vegetable fats and oils consumption is likely to influence the growth of the fatty acid esters market. In line with this, the rapid change in the consumer behavior regarding health and lifestyle is also acting as a key determinant which will favor the growth of the fatty acid esters market over the forecast period of 2021 to 2028. Furthermore, the high demand from food industry across the globe and as well as rise in the demand for personal care products and rapid increase in the demand of the derivatives of fatty acid esters in numerous end-use industries are also expected to positively impact the growth of the fatty acid esters market. The major factor which is expected to forward the growth of the market is the enduring and upcoming oil and gas projects.
However, the high demand for synthetic lubricants and insufficient availability of all types of feedstock are expected to act as key restraint towards fatty acid esters market growth rate in the forecast period of 2021 to 2028. Whereas, the easy availability of raw materials in emerging regions resulting in overcapacity and availability of cheap substitutes are expected to challenge the growth of the fatty acid esters market in the above mentioned forecast period.
Furthermore, the rise in awareness and preference towards biodiesels and the rapid shift in preference of bio-based raw materials for polymer manufacturing are expected to offer a variety of growth opportunities for the fatty acid esters market in the above mentioned forecast period.
This fatty acid esters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the fatty acid esters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fatty Acid Esters Market Scope and Market Size
The fatty acid esters market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the fatty acid esters market is segmented into medium chain triglycerides (MCT), glyceryl monostearate, isopropyl esters, polyol esters, sucrose esters, glycol esters and others. Isopropyl esters have further been segmented into myrsitate and palmitate.
- The application segment for fatty acid esters market is segmented into personal care and cosmetics, lubricants, food processing, surfactants and detergents, pharmaceuticals and others.
Global Fatty Acid Esters Market Country Level Analysis
The fatty acid esters market is analyzed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the fatty acid esters market because of the high standards of living and rise in focus on beauty and appearance due to social media influence as well as the rapid chage in consumer perceptions. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increase in the industrial output and rise in population, particularly in China and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fatty Acid Esters Market Share Analysis
The fatty acid esters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fatty acid esters market.
The major players covered in the fatty acid esters market report are Cargill, Incorporated, Arkema, DuPont, Evonik Industries AG, Estelle Chemicals Pvt. Ltd., Faci Asia Pacific Pte Ltd., Procter & Gamble, The Seydel Companies Inc., Fine Organics, Oleon NV., KLK OLEO, Stepan Company, STEARINERIE DUBOIS, Zhengzhou Yibang Industry & Commerce Co.,Ltd., Tokyo Chemical Industry Co. Ltd, Merck KGaA, ADM, Wilmar International Ltd., Berg + Schmidt GmbH & Co. KG and Alnor Oil Company among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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