Global Fatty Acid Ester Market

Fatty Acid Ester Market Size, Share, Growth Analysis, By Product(Medium Chain Triglycerides (MCT), Glyceryl Monostearate), By Application(Personal Care & Cosmetics, Lubricants) - Industry Forecast 2024-2031

Report ID: SQMIG15A2289 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 70 | Figures: 75

Fatty Acid Ester Market News

  • Wilmar International is a processor of agricultural commodities. The Singaporean food processing company reported in July 2023 that it would be inaugurating a new fatty acid ester manufacturing plant in China.
  • Stepan Company is an international manufacturer of specialty and intermediate chemical products. They bought Ecogreen Oleochemicals’ fatty acid ester business in May 2023. Ecogreen Oleochemicals is a global producer of saturated fatty alcohols, oleic acid, refined glycerin, and medium-chain triglycerides.
  • BASF is the largest chemical producer in the world. The European multinational reported in March 2023 that it will be releasing a new line of fatty acid esters. This product line will serve the cosmetics and personal care industries
  • Cargill is an agribusiness company, providing products and services in the food, financial products, agricultural, industrial sectors. They announced in June 2023 that they will launch a new line of sustainable fatty acid esters. This sustainable product line will cater to the food and beverage industry.
  • Emery Oleochemicals is a world-leading manufacturer of high-performance, natural-based specialty chemicals. They reported in April 2023 that they will be upscaling their fatty acid ester production capacity in Malaysia.
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Fatty Acid Ester Market size was valued at USD 2.51 Million in 2022 and is poised to grow from USD 2.62 Million in 2023 to USD 3.73 Million by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

The fatty acid ester market is defined by its competitive environment. The market ecosystem encompasses a mix of medium-sized firms, industry leaders, and manufacturers that target niche markets. These market players are engaged in constant rivalry to gain market share in various applications. 'IOI Oleochemical Industries Berhad', 'Emery Oleochemicals', 'Croda International Plc', 'Wilmar International Ltd.', 'P&G Chemicals', 'Cargill Inc', 'BASF SE', 'Solvay S.A.', 'Archer Daniels Midland Company', 'KLK Oleo Group', 'Evonik Industries AG', 'Sasol Limited', 'Stepan Company', 'Gattefossé', 'Faci Asia Pacific', 'Lubrizol Corporation', 'Jarchem Industries Inc.', 'Musim Mas Holdings', 'Kao Corporation', 'Oleon NV'

The fatty acid ester market is widely impacted by the growth and trend of the personal care and cosmetics sector. Fatty acid esters are widely used in the production of makeup, haircare, and skincare products. These compounds are preferred in these applications due to their skin-conditioning and emollient characteristics. The demand for these compounds reflects the growth of these industries.

Rising Use in Personal Care Products: The personal care and cosmetics sectors have widely adopted fatty acid esters. They are extensively used in these industries for their emollient and skin-conditioning properties. The demand of these compounds in the formulation process of these fields has increased due to a consumer shift to naturally organic personal care products.

North America holds the title of being the largest market region. Its emphasis on green and eco-conscious products, like bio-based chemicals, have fueled the demand for sustainable fatty acid esters. The personal care and cosmetics industry of the United States is one of the largest in the world. Its rising adoption of fatty acid esters for formulation processes has helped steel North America's top place in the market.

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Global Fatty Acid Ester Market

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