November 16, 2021 07:00 ET | Source: Fior Markets Fior Markets
Newark, New Jersey, November 16, 2021 (Global News Service)-According to a report released by Fior Markets, the global fatty acid ester market is expected to grow from US$2.01 billion in 2020 to US$3.17 billion in 2028. The annual growth rate is 5.01% during the forecast period 2021-2028.
Fatty acid ester (FAE) is an ester made by mixing fatty acid and alcohol. When the alcohol component is glycerol, the fatty acid ester produced may be monoglyceride, diglyceride, or triglyceride. Dietary fats are chemically triglycerides. Fatty acid esters are made by dehydrating fatty acids and alkyl alcohols, and have a relaxing skin conditioning effect, resulting in a smooth feeling. Fatty acid esters are also added to cosmetics to soften highly polar active ingredients and UV absorbers. The esters of straight-chain fatty acids and lower alcohols can effectively dissolve the slightly soluble components of the oil when touched during use. Dihydrate esters, esters with two ester groups, such as tripropylene glycol dipivalate, have extremely high polarity and are particularly effective for dissolving ultraviolet absorbers and other substances.
The field of research involving pictures of the structure and function of the human body is called fatty acid esters. It uses a variety of techniques and methods to reconstruct the molecular map of human tissue and its structure. Using sophisticated imaging techniques, this fatty acid methyl ester can diagnose, cure and prevent diseases. Therefore, medical fatty acid esters and fatty acid methyl esters can be used to check and diagnose various diseases. It also helps to create a general database of living physiology and anatomy that can be used in future scientific projects.
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With the outbreak of the global pandemic, many people face wage cuts and unemployment. Covid-19 has become a threat to the entire world economy and has a negative impact on various markets including the fatty acid ester market. The novel coronavirus (COVID-19) has hindered almost all industries in the world, including the personal care product market. Due to the increase in health and hygiene awareness, the demand for personal care products is increasing, which contributes to the growth of the international fatty acid ester market.
Major players operating in the global fatty acid ester market include DuPont de,, CREMER OLEO GmbH & Co.KG, AkzoNobel NV, P&G Chemicals, Wilmar International Ltd, Stepan, Evonik Industries, Gattefoss, INOLEX Inc., Cargill, A&A Fratelli Parodi SpA, KLK OLEO Nemours Inc., SASOL, Croda International PLC, Shell Chemicals, etc. In order to gain a substantial market share in the global fatty acid ester market, major players are now focusing on adopting strategies such as product innovation, mergers and acquisitions, recent developments, joint ventures, cooperation, and partnerships. Shell Chemicals and Evonik Industries are some of the largest players in the global fatty acid ester market.
Fatty acid methyl esters dominate the market, with the largest market share in 2020, at 33.6%
According to the type, the global market has been subdivided into polyol esters, sorbitan esters, and sucrose esters. Fatty acid methyl esters dominate the market, with the largest market share in 2020 at 33.6%. Fatty acid methyl ester is a type of fatty acid ester obtained by the transesterification reaction between fat and methanol. Used in the manufacture of detergents and biodiesel. The main reason for using fatty acid methyl esters instead of free fatty acids in biodiesel is to correct any corrosion caused by free fatty acids to metal engines.
Personal care products dominate the market, with the largest market share in 2020, reaching 38.45%
According to the application, the fatty acid ester market is divided into synthetic lubricants, pharmaceuticals, personal care products, food, etc. Personal care products dominate the market and will occupy the largest market share in 2020 at 38.45%. Due to the high consumption of fatty acid esters in personal and cosmetics and the influence of social media, the field of personal care products occupies most of the market. The growth of personal care products in the market.
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Regional segmentation analysis of fatty acid ester market
The global fatty acid ester market is divided into North America, Europe, South America, Asia Pacific, Middle East and Africa by region. North America will account for 38.15% of the main market share in 2020 and is expected to grow throughout the forecast period. Due to the influence of social media, people are paying more and more attention to cosmetics and beauty products. Cosmetic manufacturers using natural ingredients and growing health issues in the region are driving the development of the North American market. The Asia-Pacific region has the highest growth rate in 2020 at 5.4% and is expected to grow throughout the forecast period. Due to the strong consumption of cosmetics and personal care products in the region, North America is expected to lead the industry, followed by the Asia-Pacific region. The market report covers all major countries, including the United States, China, Canada, India, Germany, Japan, France, Indonesia, Brazil, United Kingdom, Russia, Italy, South Korea, Taiwan, Australia, Thailand, Philippines, Malaysia, Vietnam, Mexico, Saudi Arabia , Turkey, UAE, etc.
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Analyze the global fatty acid ester market based on value (in billions of dollars). All market segments are analyzed on a global, regional and national basis. The research includes analysis of more than 30 countries in each market segment. The report provides an in-depth analysis of drivers, opportunities, constraints and challenges to gain key insights into the market. The research includes Porter's five forces model, attractiveness analysis, raw material analysis and grid analysis of competitors' locations.
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