The global Fatty Acid Esters Market was valued at USD 2.12 billion in 2021 and is expected to reach USD 3.23 billion by 2030, growing at a CAGR of 5.40% between 2023 and 2030. The market report, includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and a climate-chain scenario.
Fatty acid esters are used in a wide range of industries for their lubricating properties, solvency, and resistance to oxidation. Fatty acid esters have low volatility compared with many traditional solvents, making them suitable as replacements for solvents in coatings, inks, and pressroom cleaners, as well as in lubricants and metalworking fluids.
Several product types of fatty acid esters such as isopropyl palmitate, glyceryl monostearate (GMS), medium chain triglycerides (MCT), sucrose esters, glycol esters, and polyol esters could find many applications across a range of industries. Used in the food industry as an emulsifier and a thickening agent, GMS forms a substantial market share of the fatty acid esters market.
Furthermore, the increasing demand from the cosmetic industry for isopropyl palmitate is estimated to boost the growth of the global Fatty Acid Esters market. In addition, other product types such as sucrose esters, glycol esters, and polyol esters could account for a comparatively smaller market share. Additionally, owing to the rising applications of these esters in industries such as surfactant, pharmaceutical, and paper, they are anticipated to grow their global annual production in the near future.
Covid-19 Impact on Fatty Acid Esters Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Fatty Acid Esters Market Segment Overview
Based on the Product, Glyceryl Monostearate (GMS) is the largest segment in the global Fatty Acid Esters market. GMS is the major product in the fatty acid esters market. It is generally in the form of a hygroscopic, sweet-tasting, odorless, and white flaky powder and finds applications in several markets such as health and personal care, pharmaceutical, and food and beverage. In addition, in food production, GMS is used as a texture stabilizer, flavor enhancer, and emulsifier for food products such as instant noodles, biscuits, chewing gums, chocolates, meat products, and others.
Fatty Acid Esters Market, By Product
· Medium Chain Triglycerides (MCT)
· Glyceryl Monostearate
· Isopropyl Esters
· Polyol Esters
· Sucrose Esters
· Glycol Esters
· Others
Fatty Acid Esters Market, By Application
· Personal Care & Cosmetics
· Lubricants
· Food Processing
· Surfactants & Detergents
· Paper and Pharmaceuticals
· Others
Fatty Acid Esters Market Regional Overview
In terms of region, Asia Pacific is the prominent region for the global Fatty Acid Esters market. The widespread use of fatty acid esters in the food industry may support Asia Pacific countries to grow at a significant rate. The increasing demand from the cosmetics and food industries is estimated to boost the market for fatty acid esters in not only the Asia Pacific but also the North American region. North America represented a major share of the global market and the pattern is foreseen to continue in the upcoming years as well. Additionally, the European market had held a decent share in the fatty acid esters market.
Fatty Acid Esters Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Fatty Acid Esters Market, Key Players
· Cremer Oleo
· Chemicals Co. Ltd.
· Henan Eastar
· China Top Chemical (Jiangsu) Co. Ltd.
· Zhengzhou Dahe Food S&T Co. Ltd.
Report Scope
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2022 |
| Forecast period | 2023–2030 |
| Forecast unit | Value (USD Billion) |
| Segments Covered | By type (polyesters, acrylic esters, fatty acid esters, phosphate esters, and others) (Textile, Lubricant, Packaging, Paints and Coatings, Personal Care and Cosmetics, Surfactants, Food and Beverages, Others) |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Cremer Oleo,Chemicals Co. Ltd.,Henan Eastar,China Top Chemical (Jiangsu) Co. Ltd.,Zhengzhou Dahe Food S&T Co. Ltd. |
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Fatty Acid Esters Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Medium Chain Triglycerides (MCT)
- 5.2.2. Glyceryl Monostearate
- 5.2.3. Isopropyl Esters
- 5.2.4. Polyol Esters
- 5.2.5. Sucrose Esters
- 5.2.6. Glycol Esters
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Personal Care & Cosmetics
- 5.3.2. Lubricants
- 5.3.3. Food Processing
- 5.3.4. Surfactants & Detergents
- 5.3.5. Paper and Pharmaceuticals
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Fatty Acid Esters Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Medium Chain Triglycerides (MCT)
- 6.2.2. Glyceryl Monostearate
- 6.2.3. Isopropyl Esters
- 6.2.4. Polyol Esters
- 6.2.5. Sucrose Esters
- 6.2.6. Glycol Esters
- 6.2.7. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Personal Care & Cosmetics
- 6.3.2. Lubricants
- 6.3.3. Food Processing
- 6.3.4. Surfactants & Detergents
- 6.3.5. Paper and Pharmaceuticals
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Fatty Acid Esters Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Medium Chain Triglycerides (MCT)
- 7.2.2. Glyceryl Monostearate
- 7.2.3. Isopropyl Esters
- 7.2.4. Polyol Esters
- 7.2.5. Sucrose Esters
- 7.2.6. Glycol Esters
- 7.2.7. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Personal Care & Cosmetics
- 7.3.2. Lubricants
- 7.3.3. Food Processing
- 7.3.4. Surfactants & Detergents
- 7.3.5. Paper and Pharmaceuticals
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Fatty Acid Esters Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Medium Chain Triglycerides (MCT)
- 8.2.2. Glyceryl Monostearate
- 8.2.3. Isopropyl Esters
- 8.2.4. Polyol Esters
- 8.2.5. Sucrose Esters
- 8.2.6. Glycol Esters
- 8.2.7. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Personal Care & Cosmetics
- 8.3.2. Lubricants
- 8.3.3. Food Processing
- 8.3.4. Surfactants & Detergents
- 8.3.5. Paper and Pharmaceuticals
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Fatty Acid Esters Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Medium Chain Triglycerides (MCT)
- 9.2.2. Glyceryl Monostearate
- 9.2.3. Isopropyl Esters
- 9.2.4. Polyol Esters
- 9.2.5. Sucrose Esters
- 9.2.6. Glycol Esters
- 9.2.7. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Personal Care & Cosmetics
- 9.3.2. Lubricants
- 9.3.3. Food Processing
- 9.3.4. Surfactants & Detergents
- 9.3.5. Paper and Pharmaceuticals
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Cremer Oleo
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Chemicals Co. Ltd.
- 10.6. Henan Eastar
- 10.7. China Top Chemical (Jiangsu) Co. Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
