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The global fatty acid esters market grew at a CAGR of around 4% during 2015-2020. 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. Looking forward, IMARC Group expects the global fatty acid esters market to grow moderately during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global fatty acid esters market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
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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.
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