Rising Demand from Personal Care and Cosmetics Sectors Drives the Global Fatty Esters Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Fatty Esters markets. The global market for Fatty Esters is forecast to reach US$2.2 billion by 2018, driven primarily by the growing demand from personal care and cosmetics sectors. Increasing use in industrial applications, backed by its environment-friendliness, and rise in popularity of specialty esters and natural esters, constitute the other factors propelling the Fatty Esters market.

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Fatty Esters: A Global Strategic Business Report

San Jose, California (PRWEB) October 12, 2012

Follow us on LinkedIn – Over the years, the global fatty esters market witnessed overwhelming commoditization, and knuckled under skimpy margins due to the consolidation throughout the market vertical. Greater bargaining power of end users, application fragmentation, lack of product specificity, and existence of multiple vendors resulted in increased competition. As a result, fatty ester manufacturers experienced increased shriveling of margins. Adding to the woes, low cost imports from South East Asia also flooded the global market, giving tough competition to European and the American fatty esters. Nevertheless, the fatty esters market is currently being driven by the huge demand from the personal care and cosmetics, and food sectors. Fatty esters are zooming ahead in the industrial arena, with a wide gamut of applications paving way for a brighter future. Owing to the excellent emulsification and superior surfactancy capabilities, fatty esters have become the material of choice for surfactants and specialty emollients in a broad spectrum of industries, ranging from agriculture, food, pharmaceutical, metal treatment, lubricants to personal care and cosmetics, and plastics.

The US represents the largest regional market for fatty esters worldwide, as stated by the new market research report on Fatty Esters. Europe trails the US in terms of the sales of fatty esters. Growth-wise, Asia-Pacific is projected to be the fastest growing regional market registering a CAGR of about 3.6% over the analysis period. In terms of different types of fatty esters, Glyceryl Monostearate represents the single largest segment. However, fastest growth is likely to emanate from the Medium Chain Triglyceride Oil segment. Food sector represents the largest end-user of fatty esters. Personal care and cosmetics application is forecast to be the fastest growing end-use application registering a CAGR of 3.6% over the analysis period.

Fatty esters market is witnessing a new wave of formulation and application, primed to tide over the impact caused by commoditization and dumping of cheaper overseas products on a global scale. High-end applications are the current favorites of the market. Specialty esters capable of performing multiple tasks, thereby, greatly enhancing the performance and texture of the end use product, are witnessing the most development activity. The fatty esters market is also witnessing increasing demand for fatty esters derived from natural vegetable-based sources. Natural fatty esters find usage in a wide range of applications. Simple esters derived from lower chain alcohols are used as emollients in lubricants and cosmetics, while complex esters find use in metal working fluids, paper manufacture, food, water treatment, and rolling oils.

Fatty esters, being non-greasy and non-ionic derivatives of oleochemicals, are banking on their eco-friendly characteristics with low toxicity as well as low emissions of VOCs to edge out other industrial raw materials in highly environment conscious US and European markets. Expansive base of natural feedstocks is further buoying the growth of fatty esters as environmentally safer functional and/or process additives. Furthermore, manufacturers of fatty esters are developing various ester compositions to improve the performance and texture of end use products. Niche and new applications of esters, such as thickening, solvency, and many others are gradually entering the mainstream owing to the end user innovation.

Major producers of fatty esters profiled in the report include ABITEC Corporation, Acidchem International Sdn Bhd, Archer Daniels Midland Company, Akzo Nobel N.V, BASF SE, Croda International Plc, Dupont, Faci Asia Pacific, Felda IFFCO LLC, Fine Organics, Gattefossé, Lonza Custom Manufacturing, PMC Biogenix Inc., Sasol Limited, Stearinerie Dubois, Stepan Company, Subhash Chemical Industries, Sumitomo Chemical Co. Ltd., and UNDESA Group, among others.

The research report titled “Fatty Esters: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the fatty esters market, current market trends, key growth drivers, overview of Fatty Acid Methyl Esters (Biodiesel) market; recent product introductions and corporate initiatives in the fatty esters market; and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for fatty esters market in value (US$) for the years 2010 through 2018 for the following geographic markets – The US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments analyzed include Glyceryl Monostearate (GMS), Medium Chain Triglyceride Oil (MCT Oil), Isopropyl Palmitate and Isopropyl Myristate (IPP & IPM), and Other Fatty Esters. Major end-use sectors analyzed include Food, Personal Care & Cosmetics, Functional Fluids, and Other Applications. Also, a six-year (2004-2009) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Fatty_Esters_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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