According to IMARC Group’s latest report, titled “Fatty Acid Esters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global fatty acid esters market is expected to exhibit a CAGR of 4.5% during 2022-2027. Fatty acid esters are organic compounds synthesized by dehydrating fatty acids and alkyl alcohols. It includes fatty acid methyl esters (FAME), medium chain triglycerides (MCT), glycerol monostearate (GMS), and isopropyl esters. Fatty acid esters are widely used in detergents, fine chemicals, personal care products, surfactants, paper processing, food flavorings, plasticizers, solvents, and biodiesels. They are non-toxic and biodegradable substances that provide lubricating properties, excellent solvency, and oxidation resistance. As a result, fatty acid esters find extensive applications across the food processing, pharmaceutical, and cosmetic industries.
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Market Trends and Drivers:
The rising product utilization in the pharmaceutical industry is one of the primary factors driving the fatty acid esters market growth. Fatty acid esters are widely used as emulsifiers, dispersants, and penetrants in ointments, tablets, oral liquids, and injections. In addition to this, the increasing incidences of obesity due to sedentary lifestyles and unhealthy dietary patterns are favoring the market growth. Fatty acid esters with low calorific content assist in promoting weight loss and treating gastrointestinal diseases. Furthermore, the widespread product utilization in various cosmetics and personal care products, such as massage oils, body lotions, and toiletries, is providing an impetus to the market growth. Apart from this, the introduction of a sustainable production method that uses a non-toxic catalyst to reduce reaction time and minimizes the emission of toxic vapors is positively influencing the market growth. Other factors, including the widespread product utilization in water treatment, the increasing product demand for biodiesel production, and rising product utilization as a green solvent, are anticipated to drive the market growth.
Fatty Acid Esters Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the fatty acid esters market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- The Seydel Companies Inc.
Key Market Segmentation:
The report has segmented the global fatty acid esters market based on product, application and region.
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
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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