Fatty Esters: A Global Strategic Business Report
San Jose, California (Vocus) September 6, 2010
Worldwide demand for fatty esters witnessed a decline in growth in 2008 and 2009, as a result of the global economic crisis and plummeting demand for Glyceryl Monostearate (GMS) fatty esters. The fatty esters market, nevertheless, is expected to recover in 2010 and post substantial growth in ensuing years, driven primarily by rapid growth in Asia-Pacific market. Fatty esters demand in Asia-Pacific, especially the Chinese market, would benefit from sustained economic growth and continued environmental intervention regarding the content of VOC emitting ingredients.
The US represents the largest regional market for fatty esters worldwide, as stated by the new market research report on Fatty Esters. Sales of fatty esters in the US are expected to cross US$835.0 million by 2012. Europe trails the US in terms of sales of fatty esters. Growth-wise, Asia-Pacific is projected to be the fastest growing regional market for fatty esters, with a CAGR of about 3.4% over the analysis period.
Glyceryl Monostearate (GMS) represents the single largest segment among all fatty esters. However, fastest growth is likely to emanate from Medium Chain Triglyceride Oil (MCT Oil) segment. In terms of end-use applications, food sector represents the largest consumer of fatty esters. Personal Care & Cosmetic application is forecast to be the fastest growing end-use application with a CAGR of 3.3% over the analysis period.
Owing to the excellent emulsification as well as superior surfactancy capabilities, fatty esters find extensive usage in surfactants and specialty emollients in food, agriculture, personal care, pharmaceutical, lubricants, metal treatment, and several other applications. 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. On the other hand, manufacturers of fatty esters are developing various ester compositions to improve performance and texture of end use products. Further, softer pricing of fatty esters is stirring up greater market interest in pepping up the content of fatty esters in newer applications in end use product manufacture.
Major companies covered include ABITEC Corporation, Acidchem International Sdn Bhd, Archer Daniels Midland Company, Akzo Nobel N.V, Cognis GmbH, Croda International Plc, Calumet Penreco LLC, Danisco A/S, Evonik Goldschmidt GmbH, FINA LLC, Lonza Custom Manufacturing, PMC Biogenix Inc., Sasol Limited, Stearinerie Dubois, Stepan Company, Subhash Chemical Industries, Sumitomo Chemical Co. Ltd., among others.
The report titled “Fatty Esters: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the fatty esters markets; current market trends; key growth drivers; overview of emulsifiers, Fatty Acid Methyl Esters (Biodiesel) and fatty acids; recent product introductions; recent industry activity; and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for fatty esters market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific and Latin America. 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 applications analyzed include Food, Personal Care & Cosmetics, Functional Fluids and Other Applications. Also, a seven-year (2000-2006) 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 reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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