San Jose, California (PRWEB) February 27, 2008
World Fatty Esters market is forecast to maintain a CAGR of nearly 3.2% over the 2000-2010 analysis period and reach in excess of US$1.8 billion by 2010. Glyceryl Monostearate (GMS) constitutes the single largest segment among all Fatty Esters, with a share estimated at 20% in 2007. In terms of growth, however, Medium Chain Triglyceride Oil (MCT Oil) is forecast to surpass all other segments with a CAGR of 4.09% over 2000-2010.
Fatty esters are zooming ahead in the industrial arena, with a wide gamut of applications paving way for a brighter future. Thanks to the excellent emulsification and superior surfactancy capabilities! Fatty esters are the materials of choice for surfactants and specialty emollients in a broad spectrum of industries ranging from agriculture, food, pharmaceutical, metal treatment, lubricants to personal care. With a share estimated at 37.48% in 2007, Food Applications of Fatty Esters constitute the largest end use segment, while Personal Care & Cosmetic Applications of Fatty Esters are forecast to be the fastest growing, with a CAGR of 3.89% over the 2000-2010 analysis period.
Fatty esters are non-greasy and non-ionic derivatives of oleochemicals and are therefore, not tainted of environmental concerns. Buoyed by their eco-friendliness, in other words - biodegradability, fatty esters are set to soar high world over, especially in the highly environment conscious US and European markets, edging out most industrial raw materials on the 'green' aspect, entailing low toxicity and low emissions of VOCs.
Fatty Esters are shouldering newer responsibilities: both towards the environment and towards the improvement of end-product performance. As a result, ester composition is varying widely as does the feedstock. Niche and new applications of esters such as thickening, solvency and many others are gradually becoming more mainstream - thanks to the end user innovation and low prices of oleochemical raw materials across the world. Most importantly, softer pricing is stirring up greater market interest in pepping up the content of fatty esters in newer applications in end use product manufacture. Expansive base of natural feedstocks is further buoying the growth of fatty esters as environmentally safer functional and/or process additives.
Major companies covered include ABITEC Corporation, Acidchem International Sdn Bhd, ADM, Akzo Nobel AB, Cognis GmbH, Croda International Plc, Chemtura Corporation, Danisco A/S, Faci Asia-Pacific, Fine Organics, Gattefossé, Goldschmidt GmbH, IL SHIN EMULSIFIER Co., Ltd., Imagenetix, Inc, Lonza Custom Manufacturing, Oleon NV, Penreco, Sasol Limited, Stearinerie Dubois, Stepan Company, Subhash Chemical Industries, Sumitomo Chemical Co., Ltd., UNDESA Group and Uniqema.
Product segments analyzed in the study include Glyceryl Monostearate (GMS), Medium Chain Triglyceride Oil (MCT Oil), Isopropyl Palmitate and Isopropyl Myristate (IPP & IPM) and Other Fatty Esters. End Use application markets analyzed include Food, Personal Care & Cosmetics, Functional Fluids and Other Applications.
For more details about this research report, please visit http://www.strategyr.com/Fatty_Esters_Market_Report.asp.
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