Fatty Acid Market Analysis 2018, Major Key Players Reviews – Akzo Nobel N.V, BASF SE, Arizona Chemicals, Ashland Inc. and Eastman Chemical Company, Croda

Fatty Acid Market:
Fatty acids are the combination of carbon chain and carboxylic group. Fatty acids are important dietary sources of fuel for animals because, many cell tissues can use either glucose or fatty acids for this purpose for metabolism. As lack of fatty acids may lead to biological effects fatty acids are used in the human nutrition.

In Health care industry, fatty acids are used as an inactive ingredient in preparation of drugs and as carriers for lipid formulation. They act as a part of complex lipids so they are used in the manufacture of cosmetics, soaps, fat liposomes and emulsions. Fatty acids also find its place in the cosmetic industry. The primary end uses of fatty acids include synthetic organic detergents, paints, varnishes, rubber compounding, textile chemicals, insecticides, plastic and plastic fabrication, synthetic rubber formulations and paper and paper products.

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Key Players:
Key players of the global fatty acid market are Akzo Nobel N.V (Netherlands), BASF SE (Germany), Arizona Chemicals (U.S.), Ashland Inc. (U.S.), Eastman Chemical Company (U.S.), Croda(India), Oleon N.V.( Belgium), Godrej Industries (India), Colgate-Palmolive Ltd (India), Ferro Corporation(U.S.) and others.

Competitive Insights:
Development of new production facilities in China and Southeast Asia is likely to cause overcapacity in the global fatty acids market. In addition, existing participants face an increasing threat from cash-rich plantation companies moving downstream. These factors anticipate adding to price pressures.

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Regional Analysis:
Asia-Pacific region is the largest producing and consuming region of fatty acid. Malaysia, China, Indonesia, and India play major role in Asian fatty acid production. Indonesia and Malaysia are the world’s leading palm oil producers and have raw material advantages. Growing demand in cosmetic industry is main cause in demand of fatty acid. The growing consumption of medicines in Europe compared Asia-Pacific region is second largest market fatty acid.

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