Market Overview:
The global fatty acid esters market size is expected to exhibit a growth rate (CAGR) of 3.78% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
3.78% |
Fatty acid esters are synthesized by dehydrating natural oils and alkyl alcohol that are derived from vegetable oil, animal tallow, insects, and municipal and industrial waste. They have high polarity and melting points, which makes them useful for dissolving active ingredients and ultraviolet (UV) absorbers in cosmetic formulations. As they are renewable, fatty acid esters are gaining traction over solvents for manufacturing inks, coatings, lubricants, pressroom cleaners and metalworking fluids. Moreover, fatty acids esterified with methanol (FAMEs) and ethanol (FAEEs) are also being used as biodiesel fuel worldwide.
The addition of fatty acid esters to creams creates a softening and smoothing effect on the skin. This, in confluence with the rising focus on personal grooming, represents one of the key factors increasing their utilization in the cosmetics and personal care industries. Moreover, the growing geriatric population, in confluence with the increasing use of fatty acid esters in the pharmaceutical industry to treat diarrhea, gastrointestinal, and celiac and liver disease, is also driving the market growth. Additionally, the rising instances of obesity on account of sedentary lifestyles and unhealthy dietary patterns are escalating the adoption of fatty acid esters with low calorific content to promote weight loss. Furthermore, they are gaining traction as a food additive in baked goods, ice creams and whipped cream. Apart from this, a considerable shift towards sustainable and biodegradable products due to the implementation of stringent regulations by governing agencies of various countries on the usage of non-renewable resources are anticipated to encourage the utilization of oleochemicals in the production of biodiesel.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fatty acid esters market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- Medium Chain Triglycerides (MCT)
- Glyceryl Monostearate
- Isopropyl Esters
- Polyol Esters
- Sucrose Esters
- Glycol Esters
- Others
Breakup by Application:
- Personal Care and Cosmetics
- Lubricants
- Food Processing
- Pharmaceuticals
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A, Cargill Inc., DuPont de Nemours Inc., Estelle Chemicals Pvt. Ltd., Evonik Industries AG (RAG-Stiftung), Faci Asia Pacific Pte. Ltd., Fine Organics, Oleon NV., P&G Chemicals (The Procter & Gamble Company), Stéarinerie Dubois, Stepan Company and The Seydel Companies Inc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Product, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Arkema S.A, Cargill Inc., DuPont de Nemours Inc., Estelle Chemicals Pvt. Ltd., Evonik Industries AG (RAG-Stiftung), Faci Asia Pacific Pte. Ltd., Fine Organics, Oleon NV., P&G Chemicals (The Procter & Gamble Company), Stéarinerie Dubois, Stepan Company and The Seydel Companies Inc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global fatty acid esters market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global fatty acid esters market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fatty acid esters market and who are the key players?
- What is the degree of competition in the industry?