Fatty Esters Market Size, Share, Growth Report 2032

The global fatty esters market size was worth around USD 21.1 Billion in 2020 and is predicted to grow to around USD 32.1 Billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.7% between 2021 to 2028.  The report offers assessment and analysis of the Fatty Esters Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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Fatty Esters Market: Overview

Fatty esters are synthesized through dehydration of alkyl alcohol and fatty acids. Furthermore, these products are non-oxidative ethanol metabolites. These products are becoming highly popular due to its renewable features. Moreover, fatty esters resist oxidation, lubrication, and solvency and hence find extensive application in myriad sectors. In comparison to many of solvents, fatty esters are less volatile. Reportedly, fatty esters are extracted from various sources including vegetable oils and animal tallow.

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Fatty Esters Market: Growth Drivers

Expansion of fatty esters market over forecast timespan is subject to huge demand for biofuel production, lubricants, and cosmetics & personal care sector. Surge in need of biodiesel, also referred as fatty acid methyl ester, owing to depleting fossil fuels in earth crust surface along with rise in environmental degradation has led to massive product demand. Apart from this, rise in end-user preference for natural esters as well as specialty esters in personal care items will steer market trends. However, huge costs of ester-based lubricants and oscillations in crude oil costs will hinder growth of fatty esters industry over ensuing years.

Moreover, rise in discovery & exploration of shale gas reservoirs along with thriving oil & gas sector will propel market demand. Additionally, fatty esters find slew of applications in food industry, metal working fluids, and paper production. This, in turn, will create lucrative growth avenues for fatty esters industry over forecasting period. Eco-friendly features of product have enhanced its demand in myriad industrial applications, thereby steering business landscape.

Fatty Esters Market: Report Scope

Fatty Esters Market: Regional Insights

Asia Pacific Fatty Esters Market To Register Fastest Growth Over 2021-2028

Expansion of fatty esters market in Asia Pacific zone over next seven years can be due to high product penetration in flourishing food, oil & gas, and personal care industries in sub-continent. Apart from this, huge presence of lubricant manufacturers in countries such as India and China has paved way for product demand in these countries, thereby amplifying elevation of fatty esters industry in Asia Pacific region. Rise in use of product in cosmetic & personal care as well as food industries will boost regional market trends.

Fatty Esters Market: Competitive Insights

Key players influencing growth of fatty esters market and included in our report are

• Faci Asia Pacific Pte. Ltd.
• KLK Oleo
• Estelle Chemicals Pvt. Ltd.
• Evonik Industries
• DuPont
• Cargill Inc.
• Arkema S.A.
• Oleon N.V.
• Fine Organic Industries
• The Seydel Companies Inc.
• P&G Chemicals

The global Fatty Esters Market is segmented as follows:

By Type

• Sucrose Esters
• Polyol Esters
• Sorbiton Esters
• Fatty Acid Methyl Esters (FAME)

By Application

• BIOFUEL
• FOOD
• Personal Care Products
• Pharmaceuticals
• Synthetic Lubricant

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa