Report Overview

Global Fatty Acid Ester Market: Overview

The market growth is propelled by increasing demand for low-calorie natural ingredients to promote weight loss and adhere to changing perceptions of beauty and appearance.

Technological advances have paved the way for higher efficiency and sustainable production of these esters, thanks to genetic engineering, the introduction of high-yield crops, and the evolving fatty profiles of canola, sunflower, and other vegetable oils. In addition, the advent of sustainable emulsifiers and stabilizers created by Fatty Acid Esters (FAEs) has changed the personal care products and cosmetics industry.

Fatty acid esters are synthesized by dehydrating fatty acids and alkyl alcohol and provides a conditioning effect by softening the skin to create a soothing sensation. High-polarity active ingredients and UV absorbers are also added to cosmetics.

Several skins, hair, and even infant care creams and lotions contain these esters as a sustainable, dermatologically reliable alternative to toxic synthetic chemicals and ingredients. Fatty acid esters are also widely used in detergents, industrial lubricants, and surfactants due to high thermooxidative stability, viscosity, biodegradability, hydrolytic stability, and lubricity. These detergents are widely used by both industries and consumers, due to foaming, moisturizing, stability, and cleansing properties.

Fatty acid esters made from natural ingredients are inexpensive compared to synthetic petroleum-based chemicals. Consumers and manufacturers are increasingly adopting these products in order to combat climate change, high production costs and ensure overall long-term benefits. Declining edible oil prices, rising living standards and increasing embedded oil consumption due to the proliferation of processed fried foods are also driving their demand in food and other end-use industries.

Global Fatty Acid Ester Market: Market Segmentation

Based on Product, the Fatty Acid Ester market is segmented into Glycerol Monostearate, Medium Chain Trigylcerides, Isopropyl Esters and Others. Glycerol Monostearate has been widely used in food processing applications, mainly for ice-cream and other frozen foods.  Increased demand for organic thickeners and emulsifiers in the food industry has boosted global Glycerol Monostearate sales in recent years.

Global Fatty Acid Ester Market: Market Application

Based on Application, the global Fatty Acid Ester market segmented into Lubricants, Pharmaceuticals, Personal care & Cosmetics, Surfactants and Others. Major applications for fatty acid esters include personal care and cosmetics, lubricants, food processing, surfactants and detergents, pharmaceuticals, and others such as drug delivery, coatings, and adhesives and construction. The Personal Care and Cosmetic segment was the largest application segment and accounted for a high market share in terms of volume. Positive eco-profile and increased product functionality have resulted in high demand for niche applications such as thickening, anti-irritant, water solubility, and pigment wetting agents.

Global Fatty Acid Ester Market: Regional Insights

Based on region, the global Fatty Acid Ester market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America had the largest market share of more than in terms of revenue in the previous year. Asia Pacific is anticipated to be the fastest-growing market for fatty acid ester, outstripping other regions with an exponential CAGR in terms of volume in the coming years. Expanding end-use industries such as lubricants, food, personal care and cosmetics, pharmaceuticals, and others such as detergents and surfactants, adhesives and coatings are likely to generate high regional demand.

Competitive Landscape

The major players in the global Fatty Acid Ester are Esterchem Ltd., NYCO, Temix Oleo Srl, Matangi Industries LLP, Wilmar International Ltd., Tokyo Chemical Industry Co. Ltd., Mitsubishi Chemical Corporation, American eChem Inc., KLK OLEO, Kao Corporation, DKS Co. Ltd., Oleon NV, Emery Oleochemicals Group and Other prominent player.

Recent Development

Ø  February, 2020: Mitsubishi Chemical Corporation decided that it will acquire two Swiss engineering plastics recyclers, Minger Kunststofftechnik AG and Minger Plastic AG (collectively, the Minger Group), through its group company Mitsubishi Chemical Advanced Materials as a part of the company’s efforts to promote the circular economy. The acquisition is expected to be completed by the end of February this year.

Ø  September, 2019: Emery Oleochemicals, a world-leading, natural-based specialty chemicals manufacturer, is pleased to announce that its Eco-Friendly Polyols business platform will showcase its comprehensive portfolio of EMEROX® Polyols at the 2019 Polyurethanes Technical Conference being held in Orlando, FL, USA.

By Product

Ø  Glycerol Monostearate

Ø  Medium Chain Trigylcerides

Ø  Isopropyl Esters

·         Myrsitate

·         Palmitate

Ø  Others

By Application

Ø  Lubricants

Ø  Pharmaceuticals

Ø  Personal care & Cosmetics

Ø  Surfactants

Ø  Others

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the global Fatty Acid Ester Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Fatty Acid Ester Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

Ø  To outline, categorized, and forecast the global Fatty Acid Ester Market based on product and application.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the global Fatty Acid Ester Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.