Friday 13 March 2015

Fatty Acid Esters Market is Expected to Reach US$ 2.24 Bn by 2020

The global fatty acid esters market was valued at USD 1.70 Bn in 2013 and is anticipated to reach USD 2.24 Bn by 2020, growing at a CAGR of 4.1% between 2014 and 2020. In terms of volume, the global fatty acid esters market stood at 1,088.8 kilo tons in 2013.

Browse Fatty Acid Esters Market Report with Full TOC at http://www.transparencymarketresearch.com/fatty-acid-esters-market.html

Increasing demand for fatty acid esters from the personal care products and cosmetics industry is driving the growth of the fatty acid esters market. The beneficial properties of fatty acid esters as emollients and thickeners have led to high demand in the market. Hence, fatty acid esters have wide range of applications in personal care products and cosmetic industry. It is used as an emulsifier in the food industry. It is utilized as thickening agents in ice-creams, confectionary solutions, baking preparations and whipped creams. These properties have therefore led to high demand for fatty acid esters from the food industry. Due to its properties of high lubricity, automobile industry is expected to fuel demand for fatty acid esters as a lubricant in cars and jet crafts. It is also used in manufacturing soaps and detergents as it possesses functional properties such as foaming, stability, cleansing and moisturizing properties among others. The end-user industries such as paper and pharmaceutical are also expected to boost the market growth of fatty acid esters due to its wide range of application in various industries. Considering the factors mentioned above, the fatty acid esters market is anticipated to witness significant rise in demand from the personal care products and food, especially in the North America and Asia Pacific. However, volatile prices of key feedstock of fatty acid esters may hamper market growth in the next few years.

Medium chain triglyceride (MCT) is the fastest growing segment of fatty acid esters due to its wide range of applications in the food industry. MCT is known to be used in the process of calorie burning thereby loosing body weight. It accounted for 21.9% share of the global fatty acid esters market in 2013 and is expected to experience growth during the forecast period. Glyceryl monostearate accounted for over 40% share of the global fatty acid esters market in 2013. It is an organic molecule used as an emulsifier in the food industry. It has application in baking preparations and as a thickening agent in ice-creams. Isopropyl Palmitate is a moisturizer; emulsifying and thickening agent manufactured using palm oil. It is expected to experience significant demand from the personal care products and cosmetics industry due to its use in wide range of cosmetics including lotions and creams. The others segment which includes sucrose esters, polyol esters and glycol esters are also expected to boost demand for fatty acid esters due to it functional properties in various end-user industries such as paper and pharmaceutical in the near future.

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Personal care products and cosmetics and food among other applications are the major applications of fatty acid esters in the market. Along with being the major applications, personal care and cosmetics is also anticipated to be the fastest growing application segment due to increasing demand for its usage in cosmetics, creams and lotions in developed and developing economies. Food is anticipated to be the largest segment of fatty acid esters in the market due to wide range of applications of fatty acid esters as thickening and emulsifying agent The others segment is expected to boost demand for fatty acid esters due to growing demand from developing and developed economies in near future.

North America accounted for the largest share of the global fatty acid esters market in 2013. Factors such as spending power of consumers on cosmetics and rising demand from the personal care products and cosmetics segment in the region has led to major consumption of fatty acid esters in the region. Asia Pacific is the second largest and fastest growing market for fatty acid esters. It is anticipated to boost demand for fatty acid esters due to growing demand from end–user industries especially in China and India. Europe accounted for approximately 20% of the global fatty acid esters market share in 2013. Europe is also anticipated to experience potential growth during the forecast period due to rising demand from the personal care products and cosmetics industries in the region. Rest of World (RoW) comprising of Africa, the Middle East and Brazil is expected to experience sluggish growth in the near future due to volatile prices of key feedstock of fatty acid esters.


Key players in the fatty acid esters market include Cargill Incorporated, Evonik Industries, KLK OLEO and Procter & Gamble (P&G) Chemicals, Estelle Chemicals Pvt Ltd, Faci Asia Pacific Pte Ltd, Fine Organics, Oleon among others. Major manufacturers are now focusing on backward integration to prevail over volatility in availability and prices of raw materials, and gain competitive advantage over other key players in the market.

The report segments the global fatty acid esters market as:

Fatty Acid Esters Market – Product Segment Analysis

  • Medium chain triglycerides (MCT)
  • Glyceryl monostearate
  • Isopropyl palmitate
  • Others (Including polyol esters, glycol esters, sucrose esters, etc.)

Fatty Acid Esters Market - Application Analysis

  • Personal care products and cosmetics
  • Lubricants
  • Food
  • Surfactants
  • Others (Including paper, pharmaceuticals, etc)
Fatty Acid Esters Market - Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

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