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The global fatty acid esters market grew at a CAGR of around 4% during 2015-2020. Looking forward, IMARC Group expects the market to grow moderately during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fatty acid esters market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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$ 2299
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|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)|
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