Fatty Acid Ester Market Bwc20037
Global Fatty Acid Ester Market by Product (Glycerol Monostearate, Medium Chain Trigylcerides, Isopropyl Esters (Myrsitate & Palmitate) and Others), By Application (Lubricants, Pharmaceuticals, Personal care & Cosmetics, Surfactants and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: April 2020
- Report ID: BWC20037
- Available Format: PDF
- Page: 169
Report Overview
Global
Fatty Acid Ester Market: Overview
The market growth is propelled by
increasing demand for low-calorie natural ingredients to promote weight loss
and adhere to changing perceptions of beauty and appearance.
Technological advances have paved the way
for higher efficiency and sustainable production of these esters, thanks to
genetic engineering, the introduction of high-yield crops, and the evolving
fatty profiles of canola, sunflower, and other vegetable oils. In addition, the
advent of sustainable emulsifiers and stabilizers created by Fatty Acid Esters
(FAEs) has changed the personal care products and cosmetics industry.
Fatty acid esters are synthesized by
dehydrating fatty acids and alkyl alcohol and provides a conditioning effect by
softening the skin to create a soothing sensation. High-polarity active
ingredients and UV absorbers are also added to cosmetics.
Several skins, hair, and even infant care
creams and lotions contain these esters as a sustainable, dermatologically
reliable alternative to toxic synthetic chemicals and ingredients. Fatty acid
esters are also widely used in detergents, industrial lubricants, and
surfactants due to high thermooxidative stability, viscosity, biodegradability,
hydrolytic stability, and lubricity. These detergents are widely used by both
industries and consumers, due to foaming, moisturizing, stability, and
cleansing properties.
Fatty acid esters made from natural
ingredients are inexpensive compared to synthetic petroleum-based chemicals.
Consumers and manufacturers are increasingly adopting these products in order
to combat climate change, high production costs and ensure overall long-term
benefits. Declining edible oil prices, rising living standards and increasing
embedded oil consumption due to the proliferation of processed fried foods are
also driving their demand in food and other end-use industries.
Global Fatty Acid Ester Market: Market Segmentation
Based
on Product, the Fatty Acid Ester market is segmented into Glycerol
Monostearate, Medium Chain Trigylcerides, Isopropyl Esters and Others. Glycerol
Monostearate has been widely used in food processing applications, mainly for
ice-cream and other frozen foods. Increased demand for organic thickeners
and emulsifiers in the food industry has boosted global Glycerol Monostearate
sales in recent years.
Global Fatty Acid Ester Market: Market Application
Based
on Application, the global Fatty Acid Ester market segmented into Lubricants,
Pharmaceuticals, Personal care & Cosmetics, Surfactants and Others. Major
applications for fatty acid esters include personal care and cosmetics,
lubricants, food processing, surfactants and detergents, pharmaceuticals, and
others such as drug delivery, coatings, and adhesives and construction. The
Personal Care and Cosmetic segment was the largest application segment and
accounted for a high market share in terms of volume. Positive eco-profile and
increased product functionality have resulted in high demand for niche
applications such as thickening, anti-irritant, water solubility, and pigment
wetting agents.
Global Fatty Acid Ester Market: Regional
Insights
Based on region, the global Fatty Acid Ester market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America had the largest market share of more than in terms of revenue in the previous year. Asia Pacific is anticipated to be the fastest-growing market for fatty acid ester, outstripping other regions with an exponential CAGR in terms of volume in the coming years. Expanding end-use industries such as lubricants, food, personal care and cosmetics, pharmaceuticals, and others such as detergents and surfactants, adhesives and coatings are likely to generate high regional demand.
Competitive
Landscape
The major players in the global Fatty Acid Ester are Esterchem Ltd., NYCO, Temix Oleo Srl, Matangi Industries LLP, Wilmar International Ltd., Tokyo Chemical Industry Co. Ltd., Mitsubishi Chemical Corporation, American eChem Inc., KLK OLEO, Kao Corporation, DKS Co. Ltd., Oleon NV, Emery Oleochemicals Group and Other prominent player.
Recent Development
Ø February,
2020: Mitsubishi Chemical Corporation decided that it will acquire two Swiss
engineering plastics recyclers, Minger Kunststofftechnik AG and Minger Plastic
AG (collectively, the Minger Group), through its group company Mitsubishi
Chemical Advanced Materials as a part of the company’s efforts to promote the
circular economy. The acquisition is expected to be completed by the end of
February this year.
Ø September, 2019: Emery
Oleochemicals, a world-leading, natural-based specialty chemicals manufacturer,
is pleased to announce that its Eco-Friendly Polyols business platform will
showcase its comprehensive portfolio of EMEROX® Polyols at the 2019
Polyurethanes Technical Conference being held in Orlando, FL, USA.
By Product
Ø Glycerol
Monostearate
Ø Medium
Chain Trigylcerides
Ø Isopropyl
Esters
·
Myrsitate
·
Palmitate
Ø Others
By Application
Ø Lubricants
Ø Pharmaceuticals
Ø Personal
care & Cosmetics
Ø Surfactants
Ø Others
By Region:
Ø North America
Ø Europe
Ø Asia Pacific
Ø Latin America
Ø Middle East &
Africa
The objective of the Study:
Ø To analyze and forecast the global Fatty Acid Ester
Market size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Fatty Acid Ester Market segmented into
five regions, namely, North America, Europe, Asia Pacific, Latin America,
Middle East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Fatty
Acid Ester Market based on product and application.
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Fatty Acid Ester Market.
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
challenges.
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the competitive
landscape for market leaders.
Market Segmentation
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