Global Fatty Esters Market, By Type (Polyesters, Acrylic Esters, Fatty Acid Esters, Phosphate Esters, Others), Application (Textile, Lubricant, Packaging, Paints and Coatings, Personal Care and Cosmetics, Surfactants, Food and Beverages, Others) – Industry Trends and Forecast to 2029.
Market Analysis and Size
The fatty esters are gaining popularity due to their applications in chemical industries as a fine chemical owing to its advantageous properties such as good stabilizing and conditioning properties, lubricating properties, solvency and resistance to oxidation. Therefore, with the increased utilization of fatty esters in chemical industry will aid the market to flourish largely over the forecasted period.
Global Fatty Esters Market was valued at USD 2.12 billion in 2021 and is expected to reach USD 3.23 billion by 2029, registering a CAGR of 5.40% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Esters are basically the chemical compounds that contain carbonyl acid and alcohol and have a continuous ether connection between them. They are normally assimilated from inorganic or natural acids by avoiding hydration with liquor. They form alcohols and other chemicals when they react with water. Oils, fats, and triglycerides are all found in naturally occurring esters. Natural esters include unsaturated glycerol fat esters, polyesters, nitrate esters, and others with an alkyl or sweet-smelling group. Grease, plastics, tars, surfactants, explosives, beautifying agents, bio-fuel, and the union of various mechanical synthetic concoctions all require esters. Low-molecular-weight esters are often utilized as perfumes. Paints, lacquers, and varnishes can all benefit from the use of volatile esters as a solvent.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Type (Polyesters, Acrylic Esters, Fatty Acid Esters, Phosphate Esters, Others), Application (Textile, Lubricant, Packaging, Paints and Coatings, Personal Care and Cosmetics, Surfactants, Food and Beverages, Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Dupont (U.S.), SOLVAY (Belgium), DAIKIN (Japan), Dow (U.S.), Sumitomo Chemical Co., Ltd. (Japan), ABITEC (U.S.), ADM (U.S.), BASF SE (Germany), IFFCO (Turkey), AkzoNobel N.V. (Netherlands), Biotage (Sweden), Stepan Company (U.S.), DSM (Netherlands), CEM Corporation (U.S.), Fine Organics (India), Subhash Chemicals (India), Gattefosse (France) and Croda International (UK)
|
|
Market Opportunities
|
|
Fatty Esters Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand Across End Users
The increasing use in personal care items such as cosmetics, lubricants, paper, and food products, as well as industrial applications due to its environmental friendliness is estimated to help the fatty esters market to rise at a rapid pace. Moreover, over the projected period, rising consumer preference for natural and specialty esters in personal care products is expected to fuel market expansion. Fatty esters are being used more frequently in biodiesels. The market is also anticipated to be fueled by rising demand for isopropyl palmitate in the cosmetics industry.
The growing consumer preference towards natural and specialty esters coupled with the will further propel the growth rate of fatty esters market. Additionally, the growing demand for biodiesels owing to the presence of supporting regulations will also drive market value growth. The increasing number of working women, growing awareness regarding healthy lifestyle, growing demand for male grooming products along with the preventive healthcare gaining significance are projected to bolster the growth of the market.
Opportunities
- Awareness and Development
Furthermore, the increasing awareness regarding the benefits of natural esters among the end-user extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the technological advancements as well as product development will further expand the future growth of the fatty esters market.
Restraints/Challenges
- Stringent Regulations
The stringent environment regulations will create hindrances for the growth of the fatty esters market.
- Uncertain Global Economic Conditions
Also, the uncertain global economic conditions will prove to be a demerit for the fatty esters market. Therefore, this will challenge the fatty esters market growth rate.
This fatty esters market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fatty esters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fatty Esters Market
The recent outbreak of coronavirus had a negative impact on the fatty esters market. The severe disruptions in various manufacturing, as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease, led to huge financial setback for the market. The pandemic largely hampered practically every industry on the planet, including the personal care goods industry. Consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since most people's general economic situation has been badly affected impacted by the outbreak. Over the forecast period, these aforementioned determinants will weigh on the market's revenue trajectory.
However, the market recovered largely as individual regulatory bodies begin to relax these enforced lockdowns as there was the decline in COVID cases. The suspended and canceled operations continued and resulting in expansion of the market. This led the market growth reach to pre-pandemic levels.
Recent Development
- In July 2021, Indian Oil Corporation Ltd and Verbio AG signed a Memorandum of Understanding (MoU). The MoU would look at the possibilities of forming a joint venture company with Verbio to produce biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and market them through Indian Oil's network.
Global Fatty Esters Market Scope
The fatty esters market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyesters
- Acrylic Esters
- Fatty Acid Esters
- Phosphate Esters
- Others
Application
- Textile
- Lubricant
- Packaging
- Paints and Coatings
- Personal Care and Cosmetics
- Surfactants
- Food and Beverages
- Others
Fatty Esters Market Regional Analysis/Insights
The fatty esters market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the fatty esters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fatty esters market because of the increasing use of fatty esters in personal and cosmetic applications owing to the high standards of living and growing focus on beauty and appearance due to the surging influence of social media within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the rising industrial and the increasing population, especially in China and India within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fatty Esters Market Share Analysis
The fatty esters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fatty esters market.
Some of the major players operating in the fatty esters market are
- Dupont (U.S.)
- SOLVAY (Belgium)
- DAIKIN (Japan)
- Dow (U.S.)
- Sumitomo Chemical Co., Ltd. (Japan)
- ABITEC (U.S.)
- ADM (U.S.)
- BASF SE (Germany)
- IFFCO (Turkey)
- AkzoNobel N.V. (Netherlands)
- Biotage (Sweden)
- Stepan Company (U.S.)
- DSM (Netherlands)
- CEM Corporation (U.S.)
- Fine Organics (India)
- Subhash Chemicals (India)
- Gattefosse (France)
- Croda International (UK)
SKU-