Fatty Esters Market Size, Share, Demand & Trends by 2032
The global fatty esters market is expected
to secure US$ 3.4 Billion while exhibiting a 4.4% growth
rate during the 2022-2032 forecast period. The market was estimated at US$
2.1 Billion in 2021, and is likely to reach US$ 2.2 Billion in
2022. Growth of the market can be attributed to the extensive usage of
fatty esters in a wide range of industries, including cosmetics & personal
care, as well as biofuels.
The increasing use of fatty esters in end-use
industries such as food, biochemical and agricultural is expected to boost the
growth of the market during the forecast period. Growing demand for fatty
esters for industrial applications owing to its environment friendliness is
expected to augment market growth over the forecast period.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14714
On the contrary, inadequate availability of raw
materials is also one of the major factor affecting the growth of the
market. In addition to it, lack of proper developed infrastructure in the
underdeveloped nations is major disadvantage faced by the market is the
another factors projected to hamper the industry growth in the forecast period.
Key Takeaways from the Report
- By
type, the fatty acid methyl esters (FAME) segment is expected to record an
4.1% CAGR by 2032
- By
application, the synthetic lubricant segment to expand at a 3.9% growth
rate during the forecast period.
- The
U.S market to garner US$ 1.2 Billion and record an 4.3% CAGR
from 2022-2032
- Market
in China to procure US$ 235 Million, expanding at a 3.9%
growth rate during the assessment period
"Growing demand of fatty esters
for expansion of cosmetics industry across the globe is expected to drive the
market in the forecast period. Also, the development of food, biochemical and
agriculture industries is projected to play a vital role in strengthening the
market."
Leading Companies Profiled in Fatty
Esters Market are
- Faci
Asia Pacific Pte. Ltd.,
- KLK
Oleo,
- Estelle
Chemicals Pvt. Ltd.,
- Evonik
Industries, and
- DuPont,
Browse Full Report: https://www.futuremarketinsights.com/reports/fatty-esters-market
Competitive Analysis
Eminent players in the global fatty esters market
include Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd.,
Evonik Industries, and DuPont, among others. In addition, the vendors are
likely to leverage up-gradation and product differentiation to gain an edge
over other competitors in the market. Recent key developments among players
include:
- In July
2021, Verbio AG signed an MoU (Memorandum of Understanding) with Indian
Oil Corporation Ltd. The MoU will explore the possibility of creating a
Joint Venture Company using Verbio's technology and expertise in the
production of biofuels (biomethane (CBG/BioCNG), bioethanol, and
biodiesel) and for marketing these biofuels through Indian Oil's network.
- In March
2021, Renewable Energy Group Inc. collaborated with Optimus technologies.
This collaboration deliver biodiesel to fleets across the United
States. With Optimus' new technology, biodiesel can be utilized as B100 in
fleets, i.e., with 100% blended biodiesel.
Key Segments Covered in the Fatty Esters
Market Study
Fatty Esters Market by Type:
- Fatty
Acid Methyl Esters (FAME)
- Fatty
Acid Polyol Esters
- Fatty
Acid Sorbitan Esters
- Fatty
Acid Sucrose Esters
- Other
Types of Fatty Esters
Fatty Esters Market by Application:
- Fatty
Esters for Synthetic Lubricants
- Fatty
Esters for Pharmaceuticals
- Fatty
Esters for Personal Care Products
- Fatty
Esters for Food
- Fatty
Esters for Biofuel Applications
- Fatty
Esters for Other Applications
Fatty Esters Market by Region:
- North
America Fatty Esters Market
- Europe
Fatty Esters Market
- Asia
Pacific Fatty Esters Market
- Middle
East and Africa Fatty Esters Market
- Latin
America Fatty Esters Market
More Valuable Insights
Future Market Insights, in its new
offering, presents an unbiased analysis of the global fatty esters market
presenting a historical analysis from 2015 to 2021 and forecast statistics for
the period of 2022-2032.
The study reveals essential insights on the basis of
type (fatty acid methyl esters, polyol esters, sorbitan esters, sucrose esters
and other types) and application (synthetic lubricants, pharmaceuticals,
personal care products, food, biofuel application and other
applications) across five major regions (North America, Europe, Asia-Pacific, Middle
East & Africa and Latin America).
Comments
Post a Comment