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

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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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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

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