Dublin, Nov. 04, 2020 (GLOBE NEWSWIRE) -- The "Fatty Acid Ester Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The fatty acid ester market is expected to record a CAGR of over 5% during the forecast period. One of the main factors driving the market is the rising demand for personal care products in major economies of the world. However, high manufacturing cost due to volatile raw material market is expected to hinder the growth of the market studied.
Key Market Trends
Increasing Demand for the Fatty Acid Ester Market from Personal Care Products
Fatty acid esters are among the most used ingredients in personal care and home care formulations. They are used in a variety of products, such as shampoo, conditioner, shower gel, antiperspirant, and lipsticks, as emollients and thickeners, owing to their amphipathic and non-ionic surfactant nature.
Additionally, it is used in skincare products as a solvent, emulsifier, antiseptic, buffer, and penetration enhancer (improves delivery of an ingredient into the skin).
The global market for personal care products is expected to witness substantial growth over the coming years, owing to the growing disposable income of consumers and awareness of consumers for natural as well as organic products, thus enabling them to spend on luxury personal care products. Constant innovations and improvisations in products have also led to a demand for multifunctional and cosmeceutical products.
Hence, owing to the above-mentioned factors, the application of fatty acid ester in beauty and personal care products is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
The Asia-Pacific region is expected to dominate the market for fatty acid esters during the forecast period. Personal care products and detergents in major economies, such as China, India, and Japan, are estimated to boost the market studied during the forecast period.
The largest producers of fatty acid esters are based in the Asia-Pacific region. Some of the leading companies in the production of fatty acid esters are KLK OLEO, P&G Chemicals, Croda International PLC, Stepan, and Wilmar International Ltd.
The growing consciousness toward maintaining an individual's appearance and a considerable increase in disposable incomes, are factors majorly driving the cosmetics products market in the Asia-Pacific region, which, in turn, increases the demand for fatty acid esters in this region.
Rising consumer expenditure on green products and increasing awareness regarding the harmful effects of chemicals used in cosmetic products have resulted in a rise in the oleochemicals market in the region, especially over the past few years.
Asia-Pacific is the largest oil and fat producer and raw material base for oleochemicals, globally, with Asia-Pacific region having better control of the production and distribution of oleochemicals.
Owing to the above-mentioned factors, the market for fatty acid esters in the Asia-Pacific region is projected to grow significantly during the study period.
The fatty acid ester market is partially fragmented in nature with only a few major players dominating the market. Some of the major companies are KLK OLEO, P&G Chemicals, Croda International PLC, Stepan, and Wilmar International Ltd.
Reasons to Purchase this report:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Rising Demand for the Personal Care Market in the Asia-Pacific Region
4.1.2 Other Drivers
4.2.1 High Manufacturing Cost
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
4.5 Raw Material Analysis
5 MARKET SEGMENTATION
5.1.1 Fatty Acid Methyl Esters
5.1.2 Polyol Esters
5.1.3 Sorbiton Esters
5.1.4 Sucrose Esters
5.1.5 Other Types
5.2.1 Synthetic Lubricant
5.2.3 Personal Care Products
5.2.5 Other Applications
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.2 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 KLK OLEO
6.4.2 AkzoNobel NV
6.4.3 Wilmar International Ltd
6.4.4 Evonik Industries
6.4.5 P&G Chemicals
6.4.7 INOLEX Inc.
6.4.10 A&A Fratelli Parodi SpA
6.4.11 CREMER OLEO GmbH & Co. KG
6.4.12 DuPont de Nemours Inc.
6.4.14 Croda International PLC
6.4.15 Shell chemicals
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 The Use of Fatty Acid Esters in the Manufacturing Process of Biodiesel
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/c5zd14
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