Rapid Growth anticipated for the Global Fatty Acid Esters Market by 2021
Fatty acid esters is a carboxylic acid, which is chemically obtained by the esterification process of fatty acid with alcohol. Fatty acid esters can also be produced by hydrolysis of triglycerides, followed by fractional distillation purification process. Major natural resources of fatty acid esters include soya oil, tall oil, sunflower oil, palm kernel and tallow. Growing application-scope in the pharmaceutical and food stuff is likely to augment the fatty acid esters market growth over the coming years. In addition, rising demand for fatty acid esters in other purposes including biodiesel, bleaching agent, personal care and environmental sectors is expected to drive the market in the near future.
The report by Decisiondatabases.com "Global Fatty Acid Esters Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021" explores the market opportunities and threats along with the analyses of the market size, growth trends and forecasts.Fatty acid ester market is anticipated to witness significant growth in the environmental applications owing to its efficiency as an effective water treatment and oil-field application agent over the forecast period. Increasing awareness about eco-friendly property of fatty acid esters coupled with its biodegradable nature is expected to drive the market demand in the near future. Fatty acid esters are considered safe and non-toxic product for humans and its surroundings, which in turn will further boost the market demand. Rising global demand for biodiesel as green-fuel makes the application by far the largest segment of fatty acids esters and is anticipated to witness a significant growth over the forecast period.
Growing usage of fatty acid esters in pharmaceutical and personal care application owing to its high skin-adaptability makes it an important ingredient for the production process in the cosmetics and related applications. Fatty acid esters are widely used as an important ingredient in the drugs formulation and are expected to act as an alternative for natural fatty acid esters and helps in the lipid formulation inside the body. Fatty acid esters are considered as complex lipids, which enhances the bleaching process hence it is highly recommended in the manufacture of soaps, detergents and cosmetics products.
The global demand for FAEs is majorly driven by growing scope of application in home care and personal products, particularly in the emerging economies such as China and India. In addition, the rising demand from soap and detergent industry is anticipated to fuel growth in the near future. However, potential health problems in the form of high blood pressure, coronary disease, artery blockage, stroke and various inflammations can hamper the market demand over the coming years.
Major market of fatty acid esters includes Asia Pacific, North America, Latin America, Europe and MEA. Asia Pacific is projected to be the fastest growing market for the fatty acid esters and is expected to witness a significant growth over the forecast period owing to growing consumer awareness for eco-friendly product, high purchasing power and growing economy. Europe and North America is also expected to grow at a substantial rate on account of expanding pharmaceutical industry along with favorable government regulations.
The report covers the major industry players Cargill Inc., E. I. Du Pont De Nemours and Company (DuPont), Estelle Chemicals Pvt. Ltd., Evonik Industries, Faci Asia Pacific Pte Ltd., Fine Organics, KLK Oleo, Oleon NV, Procter & Gamble (P&G) Chemicals, The Seydel Companies, Inc.,and World Chem Industries.The report studies the competetive landscape and recent developments with complete company profile.
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