17-Jan-2022 | Zion Market Research
As per study of Zion Market Research, Fatty Esters industry amassed proceeds worth nearly US$ 21.1 billion in 2020 and is anticipated to accrue returns of approximately US$ 32.1 billion by 2028. Moreover, Fatty Esters market is prognosis to record CAGR of almost 5.7% in 2021-2028. Furthermore, growth of fatty esters market over forecast timespan is subject to rise in utility of these products in cosmetics, food, paper, and lubricants. In addition to this, rise in usage of fatty esters in biodiesel along with huge demand for biofuels will proliferate size of fatty esters market. In addition to this, laws supporting use of biofuel in vehicles due to massive damage to environment caused as a result of GHG emissions from vehicles due to use of fossil fuel will lay strong foundation for growth of fatty esters industry. For the record, specialty esters can perform multitude of tasks and this will create new growth avenues for fatty esters market.
Fatty Acid Methyl Esters (FAME) To Lead Type Segment Over 2021-2028
Growth of Fatty Acid Methyl Esters (FAME) segment over assessment period is subject to large-scale use of this product in biodiesel owing to its ability to annul effect of corrosion caused by free fatty acids in engine metal and other production equipment.
Food Sector To Contribute Significantly Towards Overall Market Size By 2028
Rise in use of fatty esters in food industry as emulsifiers or emulsifying agents in chewing gums, fat replacement, and baked food items will prompt growth of food segment in upcoming years. Additionally, fatty esters also impart flavor to foods and sweets.
North American Market To Record Significant Growth Over Forecast Timespan
Growth of regional market over projected timespan can be due to massive use of fatty esters in personal care & cosmetics industry owing to changing fashion trends in countries such as the U.S. Rise in demand for green cosmetic products will further contribute to market penetration. In addition to this, use of fatty esters in cosmetics helps in UV absorption, smoothing & softening of skin, and dissolving of highly polarized active constituents. This is likely to result in huge growth of fatty esters market in North America.
Some of key participants have strongly impacted growth of fatty esters industry and are also included in study. They are Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd., Evonik Industries, DuPont, Cargill, Inc., Arkema S.A., Oleon N.V., Fine Organic Industries, The Seydel Companies, Inc., and P&G Chemicals.
Browse the full “Fatty Esters Market- By Type (Sucrose Esters, Sorbiton Esters, Fatty Acid Methyl Esters (FAME), And Polyol Esters) And By Application (BIOFUEL, FOOD, Pharmaceuticals, Synthetic Lubricants, And Personal Care Products): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028.” Report at https://www.zionmarketresearch.com/report/fatty-esters-market
The global Fatty Esters Market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651