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Global Fatty Acid Esters Market to Develop at 4.1% CAGR from 2014 to 2020
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Medium chain triglycerides, isopropyl palmitate, glyceryl monostearates, and other esters such as glycol, polyol, and sucrose are the key products of the global fatty acid esters market. In 2013, the market for glyceryl monostearates held the leading position, accounting for more than 40% of the global fatty acid esters market. However, the market for isopropyl palmitate is expected to register the fastest growth over the forecast period owing to the rising demand for isopropyl palmitate from the global cosmetic industry, states the report.
Food, cosmetics, personal care products, lubricants, surfactants, and others such as pharmaceuticals, and the paper industry are the key application areas for fatty acid esters, notes the market study. The markets for food, cosmetics, and personal care products dominate the global fatty acid esters market at present. Additionally, the cosmetics and personal care products market is expected to register the fastest growth in the global market, owing to the increasing demand for fatty acid esters in cosmetics such as creams and lotions. The market for food is also expected to report remarkable growth over the forecast period due to the increasing applications of fatty acid esters in food products as emulsifying and thickening agent.
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The fatty acid esters market in North America held the leading position in 2013, and analysts of the report expect it to maintain its dominance during the forecast period.The report analyzes the company profiles of the key market participants and presents the competitive landscape prevailing in the global fatty acid esters market. The market hierarchy, together with key strategies and recent development of the major companies, is also presented in this report in order to provide a clear understanding of the market dynamics.Oleon NV, The Seydel Co. Inc., Procter & Gamble (P&G) Chemicals, DuPont, World Chem Industries, Estelle Chemicals, Fine Organics, Evonik Industries, KLK Oleo, Cargill Inc., and Faci Asia Pacific are the major players functioning in the global fatty acid esters market.
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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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