Fatty Acid Esters Market Size, Share, Latest Trends, Top Companies, and Growth Forecast Report, 2030

The fatty acid ester industry is projected to rise in the coming years, and generate $3,688.9 million in 2030. The APAC region is expected to showcase the fastest growth in the industry in the near future, led by expansion of the personal care sector in Malaysia, India, and Indonesia.

Fatty acid esters are widely used in skincare products, such as moisturizers, body lotions, and face creams, as well as concealers, and lipsticks. In addition, the rising usage of organic personal care and bio-based products.

In addition, the wide usage of the bio-based and organic personal care products is projected to proliferate the industry in the near future.

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Presently, it is seen that end users largely prefer tall-oil-based fatty acid esters, compare to those derived from tallow. It is attributed to the availability of tall oils at economic prices, more specifically in Europe and North America. Moreover, tall oils can perform excellently at low temperatures, that boost their usage worldwide.

Under the product type segment, oleates capture the significant industry share, accounting for 32.0% in the near future for fatty acid esters. It is projects to generate $1,80.8 million industry revenue. It is led by the massive requirement for such products, such as manufacturing of pharmaceuticals, lubricants, and personal care products. The oleate-based fatty acid esters possess excellent lubrication, cold-flow properties, volatility and toxicity. They suit the various applications

Under the application segment, the personal care & cosmetic products are projected to reflect the massive growth in the near future. It is led by the wide usage of fatty acids as emollients and thickeners in detergent cleansing agents, and skin creams. Moreover, the rising public awareness on bio-bases cosmetics propel the demand for fatty acid esters.

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APAC captures the extensive share of the industry, and it is projected to follow the same trend in the coming future, owing to the growing requirement for such chemicals in the agriculture, personal care, and lubricant sectors in Indonesia, China, and India. Apart from this, the presence of key companies in the industry, such as Wilmar International Ltd., Kao Corporation, DKS Co. Ltd., Mitsubishi Chemical Corporation, and KLK OLEA, propels the industry growth in the region.

Therefore, the rising environmental concerns, and government policies to limit the emission of pollutants caused by combustion of fossil fuels, propel the demand for fatty acid ester.

Browse more reports:

Global Polyester Fibers Market Report - https://www.psmarketresearch.com/market-analysis/polyester-fibers-market

Global Esters Market Report - https://www.psmarketresearch.com/press-release/esters-market

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This release was published on openPR.