Fatty Acid Esters Market Global Growth, Opportunities, Industry Analysis & Forecast to 2026
Posted: Oct 26, 2018
According to a study published by Polaris Market Research, global fatty acid esters market is expected to grow from USD 1.23 billion in 2017 to USD 1.68 billion by 2026, at a CAGR of 3.5% during the forecast period.
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Increasing demand for different derivatives of fatty acid esters in wide range of end-use industries is expected to further augment its current demand over the forecast period. These products owing to their natural ability to stabilize emulsions are among the most important components of the personal care and food industry. Due to their emulsifying property, fatty acid esters especially the monoglycerides find diverse applications as components of nano and liposomal formulations for drug delivery systems in pharmaceutical industry.
Low solubility of these products in the groundwater helps in behaving as light non aqueous phase liquid source along with relatively small area of influence. Fatty acid esters do not improve the solubility of the hydrocarbons as individual components or as a whole such as the mono or poly aromatic hydrocarbons. These Individual fatty acid compounds are comprised of low aqueous solubility nature, low mobility and low volatility. However, autoxidation mechanisms and the hydrolysis results in generation of more of the mobile and equally biodegradable components. Hence, with such advantages in the end-use products in addition of these fatty acid esters, demand for these products is expected to increase further.
Properties of these products depend mostly on the category of vegetable oil. Different mixtures of these esters are generally referred to as biodiesel. Fatty acid methyl esters, which is one of the most common esters of fatty acid bears the similar physical properties as that of conventional diesel, with the advantages of being biodegradable and non toxic. Hence, with such importance in a variety of industrial applications demand for these products are anticipated to rise further in the future.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Fatty Acid Esters Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
The global Fatty Acid Esters Market is still in a burgeoning stage. The Asia Pacific region’s growing food & beverage, chemical, personal care industries etc are the major driving sources of demand of these products. China, India, Malaysia, Japan, Indonesia etc. are not only the major consumers but also leading producers globally. Increasing production of vegetable oil in the region has been the primary factor driving its demand. The rapidly increasing capacity for palm production in this region along with its strong and developing integration of raw materials is major reason for the reorganization of the global fatty acid esters industry.
Some of leading industry participants in the Fatty Acid Esters Market includes Berg + Schmidt, Alnor Oil Co. Inc., ongyan Zhuoyue New Energy Co. Ltd., Emery Oleochemicals Group, P&G Chemicals, Wilmar International Limited, BASF S.E., Archer Daniels Midland Company (ADM), Cargill Inc., KLK Oleo, P&G (Procter & Gamble) Chemicals, Cargill, The Seydel Companies, DuPont, Estelle Chemicals, Stepan Company and World Chem Industries.
- Glycerol Monostearate
- Medium Chain Trigylcerides
- Isopropyl Esters (Myrsitate & Palmitate)
- Personal care & Cosmetics
- North America
- Rest of Asia-Pacific
- Latin America
- Middle East and Africa
About us Polaris Market Research
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.