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.
Browse full research report on Global
Fatty Acid Ester Market: http://www.grandviewresearch.com/industry-analysis/fatty-acid-esters-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.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-chemicals
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
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, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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