Fatty Esters Market - Global Industry Analysis

Fatty Esters Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6784 Status : Upcoming

Description

Global Fatty Esters Market: Overview

Fatty esters are synthesized by dehydrating alkyl alcohol and fatty acids. Generally, they are non-oxidative metabolites of ethanol. Fatty esters are gaining popularity owing to their renewable content. Owing to fatty esters resistance to oxidation, solvency, and lubricating properties they are widely used in numerous industries. As compared to several traditional solvents, it has low volatility. Fatty esters are also derived from different sources such as animal tallow and vegetable oils. When glycerol is used as an alcohol component, monoglycerides, diglycerides, and triglycerides are the fatty esters that are been produced.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Fatty Esters Market: Growth Factors

The global fatty esters market is escalating at a rapid rate. Some of the major factors that are driving the market growth include rise in demand for fatty ester for biofuel, increase in use of fatty esters as lubricants, and rapidly growing cosmetic & personal care industry. Increase in environmental concerns and depletion of fossil fuels has led to an increase in demand for biodiesel. Biodiesel which is also known as fatty acid methyl ester (FAME), is a biofuel that is been produced by transesterification of vegetable oils. It is considered to be the best renewable alternative fuel as it is biodegradable, non-toxic, and has similar physical properties as conventional diesel. Thus, with rise in demand for biofuel from biodiesel stakeholders, there is increase in demand for fatty esters thereby fostering market growth. Further, fatty esters have conditioning effect of softening the skin which is why they are used in cosmetics & personal care products to create a smoothing sensation. In addition to this, fatty esters are also widely used in water treatment, paper, synthetic lubricants, soaps, and many more. Such wide applications of fatty ester are also contributing to the growth of the global fatty esters market. Furthermore, heavy investment & increase in R&D activities to enhance the properties of fatty esters may generate several opportunities for the growth of the global fatty esters market during the forecast period. However, volatile prices of crude oil and high cost associated with ester-based lubricants are the factors that may restrain the growth of the global market.

The global market for fatty esters observed a negative impact during the COVID-19 pandemic period. This is mainly due to the disruption in global food chain. As a fact, every component in the food sector got affected during the pandemic period which raised concerns over food making, processing, supply, and demand. Also, the pandemic caused shift in consumers demand, limitations on labor movement, halt on cosmetics, lubricant, and food manufacturing facilities, delimited food trade policies, and financial pressures on food supply chain. All these factors collectively contributed to the less revenue generation for global fatty esters market during the forecast period.

Global Fatty Esters Market: Segmentation

The global fatty esters market is bifurcated based on type, application, and region. Based on type, the global market is divided into sucrose esters, sorbiton esters, polyol esters, fatty acid methyl esters (FAME), and other types. Based on application, fatty ester market is split into biofuel, food, personal care products, pharmaceuticals, synthetic lubricant, and other applications. Among these, personal care products segment is estimated to rule the global market

Global Fatty Esters Market: Regional Analysis

Asia Pacific is estimated to remain the largest revenue contributor in regional market for fatty esters. Exceptional growth of food chain in the region is one of the major reasons contributing to the growth of the market. Fatty esters demand is high in emerging countries such as India and China. Food, personal care, and cosmetics sectors in these countries are well developed that maintain constant demand for fatty esters. In addition to this, India and China are one of major lubricant manufacturers where applications of fatty esters are high. All these factors are equally contributing to significant growth of the market in APAC region. Europe is anticipated to remain the second largest market for fatty esters during the forecast period. Increasing use of fatty esters in cosmetics and food sector is primarily contributing to the growth of the market in the region. Fatty esters market in North America is expected to contribute healthy revenue in the global fatty esters market. This is mainly attributed to increase in demand for fatty esters in various end use industries.

Global Fatty Esters Market: Competitive Players

To expand the product portfolios, major players are indulging in collaborations, R&D activities, and technology as well as product innovations. Faci Asia Pacific Pte. Ltd., Estelle Chemicals Pvt. Ltd., Evonik Industries, DuPont, Arkema, Cargill, Inc., KLK Oleo, Oleon N.V., Fine Organics, The Seydel Companies, Inc., and P&G Chemicals are some of the key players that are functioning in the global fatty esters market.

Global Fatty Esters Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global fatty esters market is escalating at a rapid rate. Some of the major factors that are driving the market growth include rise in demand for fatty ester for biofuel, increase in use of fatty esters as lubricants, and rapidly growing cosmetic & personal care industry. Increase in environmental concerns and depletion of fossil fuels has led to an increase in demand for biodiesel. Furthermore, heavy investment & increase in R&D activities to enhance the properties of fatty esters may generate several opportunities for the growth of the global fatty esters market during the forecast period.

To expand the product portfolios, major players are indulging in collaborations, R&D activities, and technology as well as product innovations. Faci Asia Pacific Pte. Ltd., Estelle Chemicals Pvt. Ltd., Evonik Industries, DuPont, Arkema, Cargill, Inc., KLK Oleo, Oleon N.V., Fine Organics, The Seydel Companies, Inc., and P&G Chemicals are some of the key players that are functioning in the global fatty esters market.

The Asia Pacific is estimated to remain the largest revenue contributor regional market for fatty esters. Exceptional growth of food chain in the region is one of the major reasons contributing to the growth of the market. Fatty esters demand is high in emerging countries such as India and China. Food, personal care, and cosmetics sectors in these countries are well developed that maintain constant demand for fatty esters. In addition to this, India and China are one of major lubricant manufacturers where applications of fatty esters are high. All these factors are equally contributing to significant growth of the market in APAC region.

 

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