The global Fatty Esters Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Fatty Esters market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
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.
Top Companies in the Global Fatty Esters Market:
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), among others.
Market Segmentation:
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
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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.
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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.
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