The global Fatty Acid Ester
Market is expected to reach USD 2.44 billion by 2022, according to a new report
by Grand View Research, Inc. Growing consumer awareness and regulatory policies
regarding bio-based polymers and products are vital factors for industry
development over the forecast period.
Global industry is expected to
be driven by increasing fatty acid esters demand in personal care, cosmetics
and food processing applications. Medium chain trigylcerides (MCT) have found
headways in food applications where they are used in several weight loss
programs owing to low calorific content and fat-burning properties.
Other FAEs such as emollient
and polyols esters are gaining prominence in personal care applications that
could impact product growth in cosmetics where natural, bio-based ingredients
are substituting synthetic & toxic chemicals.
In depth research report on Fatty Acid Ester Market
Further key findings from the report suggest:
•
Global Fatty Acid Ester Market
size was 1,141.5 kilo tons in 2014 and is expected to reach 1,563.4 kilo tons
by 2022, growing at a CAGR of 4.6% from 2015 to 2022.
•
Glycerol monostearate (GMS) was
the largest product segment and accounted for 39.3% of total market volume in
2014. High demand for GMS as an emulsifying agent, protective coating agent and
food additive in diverse processing and industrial applications has been a
major factor for its growth.
•
Medium chain triglycerides
(MCT) were the fastest growing product with high demand arising from expanding
end-use industries in emerging economies such as China & India. The segment
is likely to grow at an estimated CAGR of 5.3% in terms of demand.
•
Personal care & cosmetics
was the leading application segment and accounted for 34.5% of total market
volume in 2014. Rising consumer disposable income and growing consumer demand
for natural ingredients are expected to remain key factors driving this segment
over the forecast period.
•
North America was the leading
regional market with demand share exceeding 35% in 2014. High consumer
disposable income and increasing adoption of MCT in weight loss programs
particularly in the U.S. has impacted the regional market.
•
Key companies operating in the
global Fatty Acid Ester Market include Cargill, DuPont, Estelle Chemicals,
P&G Chemicals, Stéarinerie Dubois, The Seydel Companies Inc., Evonik
Industries and others such as Faci Asia Pacific Pte. Ltd., Fine Organics and KLK
Oleo.
Grand View Research has
segmented the global Fatty Acid Ester Market on the basis of product,
application and region:
Global Fatty Acid Esters Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
•
Medium Chain Triglycerides
•
Glycerol Monostearate
•
Isopropyl Esters (Palmitate
& Myristate)
•
Others
Global Fatty Acid Esters Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
•
Personal Care & Cosmetics
•
Lubricants
•
Food Processing
•
Surfactants & Detergents
•
Pharmaceuticals
•
Others
Global Fatty Acid Esters Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
•
North America
•
U.S.
•
Europe
•
UK
•
Germany
•
Asia Pacific
•
China
•
India
•
Central & South America
•
Brazil
•
Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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