Fatty acid is a carboxylic acid with long side chain of hydrocarbons in the end. Fatty acids are obtained from the fats as well as oils of animals and vegetables. Coconut, palm, and palm kernel oils are used for manufacturing natural fatty acids. Oleic acid, linoleic acid, palmitoleic acid, euric acid, stearic acid, palmitic acid and cerotic acid are some of the major fatty acids. The global fatty acids market was sized over 21 million tons in 2014. The global fatty acids market is projected to grow with a CAGR of 13.8% during 2017-2023.
Fatty acids find their applications in the manufacturing of cosmetics, detergents, rubber, textiles, soaps and others. The growth in the global fatty acids market is driven by the awareness among people about the medicinal and health benefits of fatty acids. Moreover, the demand for soaps, detergents, and household and personal care products across the globe is helping the fatty acids market to sustain the growth owing to applications in these sectors. However, fluctuating prices of raw materials is one of the major restraints in the global fatty acids market.
The report segments the global fatty acids market by type, application and region. On the basis of types the fatty acids market is segmented as natural fatty acids and synthetic fatty acids. Based on application, the market has been segmented into pharmaceuticals, food and beverages Lubricants and Industry chemicals and others.
Emerging markets such as China, India, Indonesia and Thailand are growing at a significant rate and account for substantial market size, which in turn make Asia-pacific the largest region in terms of volume of consumption of fatty acids in the world market. Latin America is anticipated to experience spurt in demand for fatty acids due to the demand for personal care and homecare products. European market is also expected to grow primarily due to imports. However, the saturation of matured economies is a major concern for the global fatty acids market. The fluctuating prices of palm oil is expected to affect the production of the natural fatty acid manufacturers. Textile industry is anticipated to provide the fatty acid manufacturers the opportunity to expand over the forecast period of 2017 – 2023.
The companies covered in the report include Arizona Chemicals, BASF, Behn-Meyer Holding AG, Colgate-Palmolive Ltd, Eastman Chemical, GC Rieber Oils, Mazzoni, Nippon Suisan Kaisha, Oleoquimica Brazil and Yueyang Ch-Cheng Oleo chemicals Co. Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of fatty acids both globally and regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of fatty acids. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the fatty acids market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. The report also provides in depth analysis of impact of REACH policy (registration, evaluation and authorization of chemicals) adopted by the European Union on the fatty acid market over the period of 2015 to 2023. This section also provides crucial information on safety profiles of the chemicals in European Union. This report will help manufacturers, suppliers and distributors of the fatty acids market to understand the present and future trends in this market and formulate their strategies accordingly.
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