FATTY ACID ESTER MARKET ANALYSIS

Market Challenges And Opportunities

 Global Fatty Acid Ester Market- Drivers

Growing demand for fatty acids from personal care industry

High demand for fatty acid esters from cosmetic and personal care products is propelling the market growth. These esters are used as emollients and thickeners in various personal care products. Its emulsification and surface adhesion properties make them suitable for cosmetic and personal care applications. Thus, the high demand for fatty acid esters from cosmetic and personal care products is augmenting the market growth of the fatty acid esters. For instance, In June 2022: Chevron Corporation acquired Renewable Energy Group Inc. This acquisition added complementary capabilities, assets, and customer relationships to make Chevron one of the leading renewable fuel companies in the United States.

High demand for tallow fatty acids from the soap & detergent making industry

Increasing use of fatty acid esters in the pharmaceutical industry is augmenting the market growth. It is used in the formulation for treating the gastrointestinal and other diseases. The rise in the geriatric population is creating demand for healthcare services. Moreover, increase in the prevalence of chronic disease around the globe is another major factor in creating healthcare needs. Hence, growing use of fatty acid esters from pharmaceutical industry will favour the market growth. 

 Global Fatty Acid Ester Market- Restraints

Increasing demand for synthetic lubricants

Increasing demand for synthetic lubricants due to cost-effectiveness is expected to hamper the demand for fatty acid esters based lubricants. This factor is projected to restrict the market growth over the forecast period . Synthetic oil has 'smoother' particles so offers superior fluid film protection against metal-to-metal contact. Mechanical parts will be less susceptible to wear, so require less maintenance– which also leads to better productivity.

Global Fatty Acid Ester Market- Opportunities

The growing popularity of natural esters

The growing popularity of natural esters from various end user industries is expected to serve major growth opportunities in the near future. Pharmaceutical industry is witnessing a high demand for natural esters due to rising research in the field of nutrition sector. Increasing awareness regarding the benefits of natural esters among the end user is further projected to foster the market growth of the fatty acid esters in the near future.

Rising demand for surfactant and detergent

Rising demand for surfactant and detergent due to growing hygiene awareness among consumers is projected to offer profitable opportunities in the near future. Growing environmental concern is driving demand for fatty acid esters in surfactant and detergent as they offer effective washing and also promote environmental sustainability. Hence, the growing demand for surfactant and detergent is projected to foster market growth over the forecast period.