Fatty acid ester market
Fatty Acid Ester Market, By Product Type, By Application, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
- Jul 2023
- CMI4383
- 120 Pages
- Excel & Pdf
- Specialty and Fine Chemicals
Global fatty acid ester market was valued at US$ 2,505.2 Mn in 2022, exhibiting a CAGR of 5.7% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 3,895.9 Mn by 2030. Fatty acid esters are ester produce via the reaction between alcohol and fatty acid. They are widely used across a wide range of applications due to its lubricating, resistance to oxidation, and solvency properties. Fatty acid esters are derived from vegetable oils and animal tallow.
Global Fatty Acid Ester Market- Impact of Coronavirus (Covid-19) Pandemic
The novel Coronavirus (COVID-19) has impacted almost all the industries globally including personal care products market. Rising demand for personal care products owing to rising health and hygiene awareness supports the growth of the fatty acid ester market globally. Owing to increased consumption of personal care products such as soaps, body wash, and hand wash etc. thereby, increasing the demand for the market over the forecast period.
Figure 1. Global Fatty Acid Ester Market, By Application, 2022
Global Fatty Acid Ester Market- Drivers
Growing demand for fatty acids from personal care industry
High demand for fatty acid esters from cosmetic and personal care products is propelling the market growth. These esters are used as emollients and thickeners in various personal care products. Its emulsification and surface adhesion properties make them suitable for cosmetic and personal care applications. Thus, the high demand for fatty acid esters from cosmetic and personal care products is augmenting the market growth of the fatty acid esters. For instance, In June 2022: Chevron Corporation acquired Renewable Energy Group Inc. This acquisition added complementary capabilities, assets, and customer relationships to make Chevron one of the leading renewable fuel companies in the United States.
High demand for tallow fatty acids from the soap & detergent making industry
Increasing use of fatty acid esters in the pharmaceutical industry is augmenting the market growth. It is used in the formulation for treating the gastrointestinal and other diseases. The rise in the geriatric population is creating demand for healthcare services. Moreover, increase in the prevalence of chronic disease around the globe is another major factor in creating healthcare needs. Hence, growing use of fatty acid esters from pharmaceutical industry will favour the market growth.
Fatty Acid Ester Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2022: | US$ 2,505.2 Mn |
Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.7% | 2030 Value Projection: | US$ 3,895.9 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Cargill Incorporated, E.I du Pont Nemours and Company (DuPont), Estelle Chemicals Pvt. Ltd., Evonik Industries, Faci Asia Pacific Pte Ltd., Fine Organic, KLK Oleo, Oleon NV, Procter & Gamble (P&G) Chemicals, The Seydel Companies, Inc., World Chem Industries. |
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Growth Drivers: |
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Restraints & Challenges: |
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Global Fatty Acid Ester Market- Restraints
Increasing demand for synthetic lubricants
Increasing demand for synthetic lubricants due to cost-effectiveness is expected to hamper the demand for fatty acid esters based lubricants. This factor is projected to restrict the market growth over the forecast period . Synthetic oil has 'smoother' particles so offers superior fluid film protection against metal-to-metal contact. Mechanical parts will be less susceptible to wear, so require less maintenance– which also leads to better productivity.
Global Fatty Acid Ester Market- Segmentation
On the basis of application in 2022, the food segment has accounted for the largest market share of 33.00% in terms of value. Fatty acid esters of 3-chloropropane-1, 2-diol (3-MCPD) are food processing contaminants, which are widespread in refined vegetable oils and fats, as well as vegetable fat-containing products including infant formulas.
Global Fatty Acid Ester Market- Opportunities
The growing popularity of natural esters
The growing popularity of natural esters from various end user industries is expected to serve major growth opportunities in the near future. Pharmaceutical industry is witnessing a high demand for natural esters due to rising research in the field of nutrition sector. Increasing awareness regarding the benefits of natural esters among the end user is further projected to foster the market growth of the fatty acid esters in the near future.
Figure 2. Global Fatty Acid Ester Market, By Region, 2022
Rising demand for surfactant and detergent
Rising demand for surfactant and detergent due to growing hygiene awareness among consumers is projected to offer profitable opportunities in the near future. Growing environmental concern is driving demand for fatty acid esters in surfactant and detergent as they offer effective washing and also promote environmental sustainability. Hence, the growing demand for surfactant and detergent is projected to foster market growth over the forecast period.
Global Fatty Acid Ester Market- Trends
- Demand for cosmetic products.
A growing sense of fashion among consumers is driving demand for cosmetic products. Fatty acid esters plays important role as emollient and thickener in cosmetic products. Increasing disposable income of the consumer coupled with the improving lifestyle is further fuelling the market growth. Moreover, an increasing number of working women coupled with the growing demand for male grooming products is again projected to foster the market growth.
Global Fatty Acid Ester Market- Regional Insights
North America region dominated the global fatty acid esters market in 2022, accounting for 42% share in terms of value, followed by Asia Pacific and Europe, respectively
Global Fatty Acid Ester Market- Key Developments
- In July 2021, Verbio AG, signed a Memorandum of understanding with Indian Oil Corporation Ltd. The MoU will explore the possibility of creating a Joint Venture Company using Verbio’s technology and expertise in the production of biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and marketing these biofuels through Indian Oil’s network.
- In March 2021, Renewable Energy Group Inc., collaborated with Optimus Technologies. This collaboration delivers biodiesel to fleets across the USA. With Optimus’ new technology, biodiesel can be utilized as B100 in fleets, i.e., with 100% blended biodiesel.
- In June 2022, Cargill, completed its first advanced biodiesel plant in Ghent, Belgium, called Bioro Biodiesel Refinery, which converts waste oils and residues into renewable fuel. The advanced biodiesel produced at the facility will be used by the maritime and trucking sectors in Europe.
- In May 2022, Oleon, a subsidiary of the Avril Group, started construction of a new production facility in Baytown, Texas, Houston, with an investment of US$ 50 million. This new facility is expected to become operational by the end of 2023 and will produce esters and provide blending services to support the company's growing oil and gas business.
Global Fatty Acid Ester Market- Key Players
Major players operating in the global fatty acid ester market includes Cargill Incorporated, E.I du Pont Nemours and Company (DuPont), Estelle Chemicals Pvt. Ltd., Evonik Industries, Faci Asia Pacific Pte Ltd., Fine Organic, KLK Oleo, Oleon NV, Procter & Gamble (P&G) Chemicals, The Seydel Companies, Inc., and World Chem Industries.
*Definition: Fatty acid esters are ester produce via the reaction between alcohol and fatty acid. They are widely used across a wide range of applications due to their lubricating, resistance to oxidation, and solvency properties. Fatty acid esters are derived from vegetable oils and animal tallow.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Drivers
- Cost Tier Down Analysis
- Market Dynamics
- Global Fatty Acid Ester Market– Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Global Fatty Acid Ester Market, By Product Type, 2023-2030 (US$ Million and Tons)
- Introduction
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023-2030 (%)
- Segment Trends
- Medium Chain Triglyceride Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Glyceryl Monostearate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Isopropyl Palmite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Introduction
- Global Fatty Acid Ester Market, By Application, 2023-2030 (US$ Million and Tons)
- Introduction
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2023-2030 (%)
- Segment Trends
- Personal Care Products & Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Lubricants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Food
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Surfactants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
- Introduction
- Global Fatty Acid Ester Market, By Region, 2023-2030 (US$ Million and Tons)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030
- Y-o-Y Growth Analysis, By Region, 2023-2030 (%)
- North America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- U.S.
- Europe
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- France
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Spain
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- China
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- India
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- China
- Latin America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Brazil
- Middle East
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
- GCC
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Israel
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- GCC
- Africa
- Market Share Analysis, By Sub-region, 2023 and 2030
- Y-o-Y Growth Analysis, By Sub-region, 2023-2030 (%)
- North Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- Central Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- South Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2023-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2023-2030 (US$ Million and Tons)
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Cargill Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- du Pont de Nemours and Company (DuPont)
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Estelle Chemicals Pvt. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Evonik Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Faci Asia Pacific Pte Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Fine Organics
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- KLK Oleo
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Oleon NV
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Procter and Gamble (P&G) Chemicals
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- The Seydel Companies Inc
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- World Chem Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Cargill Incorporated
- Section
- References
- Research Methodology
- About us and Sales Contact
Detailed Segmentation:
- Global Fatty Acid Ester Market, By Product Type:
- Medium Chain Triglyceride Oil
- Glyceryl Monostearate
- Isopropyl Palmitate
- Others
- Global Fatty Acid Ester Market, By Application:
- Personal Care Products & Cosmetics
- Lubricants
- Food
- Surfactants
- Others
- Global Fatty Acid Ester Market , By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa