Fatty Esters Market (Updated Version Available)

Fatty Esters Market Size, Share & Trends Analysis, By Type (Medium Chain Triglycerides (MCT), Glyceryl Monostearate), By Application (Synthetic Lubricants, Pharmaceuticals, Biofuel Applications), By Region and Segment, Forecast Period 2022 - 2030

Report ID : RI_673673 | Date : January 2023 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
Key Market Overview:

Fatty esters market size is projected to hit a valuation of over USD 3.3 Billion by 2030 from the worth of USD 2.4 Billion in 2022, registering a CAGR of 4.3% during the forecast period (2022-2030).

The fatty acid esters, typically referred as fatty esters, are primarily produced by the reaction of fatty acids with alcohol. This reaction or overall process is termed as esterification of fatty acids which forms the fatty esters and water as a by-product. For instance, when fatty acids are reacted with isopropyl alcohol, this reaction forms isopropyl fatty esters and water.

Mainly, the commercially used fatty esters are monoglycerides, diglycerides, and triglycerides, wherein triglycerides are majorly utilized as dietary fats. All the mentioned fatty esters comprise of glycerol as the alcohol component. However, these fatty esters also offer applications with the modification or changes of this alcohol component. For instance, the fatty ester named fatty acid methyl ester (FAME) is commonly used to create biodiesel. Other primarily used alcohols such as ethanol, isopropanol, and butanol are also used to create such biodiesels by transesterification of vegetable oils and fats.

Furthermore, fatty acid esters are extensively used in a wide assortment of industrial applications due to their lubricating properties, resistance to oxidation and enhanced solvency. They are also being recognized among industries due to their renewable content, as these fatty esters are derived from natural sources like animal tallow and vegetable oils.

Report AttributesReport Details
Study Timeline2016-2030
Market Size in 2030 (USD Billion)3.3 Billion
CAGR (2022-2030)4.3%
By TypeMedium Chain Triglycerides (MCT), Glyceryl Monostearate, Fatty Acid Methyl Esters, Polyol Esters, Sorbitan Esters, Sucrose Esters, Glycol Esters, and Others
By ApplicationSynthetic Lubricants, Pharmaceuticals, Personal Care Products, Food, Biofuel Applications, Surfactants & Detergents, and Others
By GeographyAsia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
Key PlayersCargill, Inc., TCI Chemical Pvt. Ltd., Estelle Chemicals Pvt. Ltd., Wilmar International Ltd, Stepan Company, The Seydel Companies, Verbio Vereinigte Bioenergie AG, Arkema, DuPont, Evonik Industries, Faci Asia Pacific Pte. Ltd., P&G Chemicals, Inc., Oleon N.V., KLK Oleo, Fine Organics, World Chem Industries, A.B. Enterprises, Stéarinerie Dubois, Metroshen International Corp., Zhengzhou Yi Bang Industry Co. Ltd.


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Market Dynamics:

Driver:

The fatty esters are highly utilized for the production of cosmetics, food products, soap, and other personal care products, synthetic lubricants, water treatment, and paper in the form of oil field applications and metal working fluids. Thus, the augmented demand for such products boosts the market demand in terms of increased production rates. Additionally, the high usage of esterified catalysts for the purification or synthesis of biodiesels coupled with the production of natural detergent alcohols accelerates the market growth in terms of volume.

Restraint:

Stringent regulations are imposed over the usage of fatty esters, especially edible fats and oils, food processing contaminants, and others, which restricts the overall fatty esters market growth. Additionally, the inefficient supply chains of this chemical compound also hamper the market growth due to the impacts of volatile weather conditions caused by delayed delivery containments. As a result, fatty esters are available at high costs primarily decided by the overall maintenance and raw material procuring processes.

COVID-19 Impact:

The major impact of the COVID-19 pandemic crisis was witnessed as the disruptions in demand and supply chains. Multiple countries imposed precautionary lockdowns that resulted in financial setbacks during the initial phases of a pandemic. Additionally, the government allotted permissions to the essential consumer goods manufacturing facilities to continue the managed business operations. This resulted in significant differences in the supply chains, especially in specialty chemicals and materials such as fatty esters. However, with the surged demand for consumer goods such as personal care and hygiene products, food additives, paints, and others, the market witnessed an overall moderate effect. Post COVID-19, the market has gained a positive pace with the resumed business process with undisrupted shipping trades and surged raw material sourcing.

Fatty Esters Market Segmentation:



By Type

The type segment is separated into Medium Chain Triglycerides (MCT), glyceryl monostearate, sorbitan esters, fatty acid methyl esters, sucrose esters, polyol esters, glycol esters, and others. The glyceryl monostearate segment accounted for the major share of over 36.2% of the fatty esters market statistics. Glyceryl monostearate is referred to as a waxy, flaky, or powder ingredient derived from vegetable oils or naturally found in the human body via fatty foods. This substance is highly utilized as an emulsifier to prevent separation and improve overall product stabilization. Thus, the segment is anticipated to witness increased growth due to the large application in a range of personal care products as preservative agents coupled with pharmaceutical products as protective coatings for hygroscopic powders. Additionally, Medium Chain Triglycerides (MCT) segment is also projected to support the market growth in terms of value. This chemical compound is mainly found in whole foods and dairy products as fats. Thus, the segment growth is primarily attributed to the high utilization of its popularity as a health and diet supplement.

By Application

The application segment is separated into synthetic lubricants, surfactants & detergents, pharmaceuticals, personal care products, biofuel applications, food, and others. The personal care products segment is expected to contribute a substantial share to the market trends in terms of revenue. The esters are largely utilized as emollients, solvents, surfactants, thickening agents, and others as natural and sustainable ingredients. Thus, the augmented demand for hair and skin care, oral care, beauty, health and wellness, and other styling products is estimated to bolster the demand for fatty esters during the forecast period. Furthermore, the surfactants & detergents segment is also expected to witness significant growth in terms of the fastest CAGR growth. The surfactants such as dialkyl sulfosuccinate, alkylsulfoacetates, isethionates, and others are naturally synthesized for improved biodegradation profile. Thus, the high usage of such surfactants in detergents for effective entrapment of dirt is anticipated to support the demand for fatty esters.

By Region

The regional segment comprises of North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa. In the context of the region, North America is projected to contribute a substantial share to the market growth. The large presence of established end-use industries like FMCG, chemical and personal care & cosmetics demand high volumes of fatty esters as stabilizing agents. Additionally, the growing consumer preference for sustainable alternatives to existing synthetic products also boosts the demand for natural fatty esters in multiple applications.



Furthermore, Asia Pacific is also expected to contribute substantial shares to the market statistics in terms of volume. The growing demand for plastics, fuels, and lubricants within wide numbers of production facilities is also anticipated to support the market demand. The prominent factor responsible for such market demand is the usage of fatty acid derivatives such as hydroxy fatty acids, fatty acid ethyl/ methyl esters, fatty alcohols, and fatty alkanes for the mentioned applications. Thus, the rising manufacturing of plastics and other products within the production facilities located in this region bolsters the market demand.

Fatty Esters Market Competitive Landscape:

The market research report on the fatty esters market takes into account numerous evaluations based on the qualitative and quantitative examination of the market trends. Additionally, the comprehensive analysis of product innovations adopted business strategies, and mergers & acquisitions provide an insightful analysis of the overall industry position. Furthermore, the macroeconomic indicators which highly influence the business value chain are also exhaustively evaluated to provide a comprehensive view of the market positions. Mentioned are the crucial market players that form the consolidated market concentration–
• Cargill, Inc.
• TCI Chemical Pvt. Ltd.
• Estelle Chemicals Pvt. Ltd.
• Wilmar International Ltd
• Verbio Vereinigte Bioenergie AG
• Arkema
• DuPont
• Evonik Industries
• Faci Asia Pacific Pte. Ltd.
• P&G Chemicals
• The Seydel Companies, Inc.
• Fine Organics
• Oleon N.V.
• KLK Oleo
• World Chem Industries
• Stepan Company
• Stéarinerie Dubois
• Metroshen International Corp.
• Zhengzhou Yi Bang Industry Co. Ltd.
• A.B. Enterprises
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