Fatty Acid Market Over USD 22 Million, CAGR of 9.4% to 2022

Posted by Moin Patni on October 20th, 2018

Fatty Acid Market

Fatty Acid Market Highlights: Fatty Acid Market is expected to witness a significant growth and estimated was over USD 22 Million in 2017 with CAGR of 9.4% between 2018 and 2022.

Fatty Acid is important deity source of fuel for animal, as it plays important in their metabolism. It is combination of carbon chain and carboxylic group. Lack of fatty acid may lead to adverse health effects in human nutritional, thus it gained massive importance and is being consumed largely.  Fatty acids play a key role in metabolism: as a metabolic fuel, as a necessary component of all membranes, and as a gene regulator. It has found its diverse range of applications in Health Care, Food Industry, Lubricants, Agrochemicals, And Textile Industry.

Fatty Acids are a carboxylic acid combination of a hydrocarbon chain and a carboxyl acid group, especially any of those occurring as esters in fats and oils. Fatty acids play a key role in metabolism: as a metabolic fuel, as a necessary component of all membranes, and as a gene regulator. The major driving factors of fatty acid market are growing demand from personal and home care products and emerging economies in the Central and South America. In addition, the increasing demand from the soap, cosmetic, medicines industry is expected to fuel market growth of fatty acids in near future. Biological effects due to deficiency of fatty acids are expected to hamper the growth of fatty acids. Potential effects include blood pressure, stroke, coronary artery disease, inflammation among others.

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Fatty Acid Market Key Players: Fatty Acid Market are: Akzo Nobel N.V (Netherlands), BASF SE (Germany), Arizona Chemicals (U.S.), Ashland Inc. (U.S.), Eastman Chemical Company (U.S.), Croda (India), Oleon N.V.(Belgium), Godrej Industries (India), Colgate-Palmolive Ltd (India), Ferro Corporation(U.S.) and others.

Fatty Acid Market Segmentation: Fatty Acid Market is majorly segmented on the basis of application. Based on application of fatty Acid the market segmented into Health Care, food industry, lubricants, agrochemicals, and textile industry. Additionally, the market is segmented by type as saturated, monounsaturated, polyunsaturated, and Tran’s fats.

Fatty Acid Market Competitive Insights: Development of new production facilities in China and Southeast Asia is likely to cause overcapacity in the global fatty acids market. In addition, existing participants face an increasing threat from cash-rich plantation companies moving downstream. These factors anticipate adding to price pressures.

Fatty Acid Market Application: Fatty Acid Market are growing demand from personal and home care products and emerging economies in the Central and South America. In addition, the increasing demand from the detergent and soap industry is expected to fuel market growth of fatty acids in near future. Biological effects due to deficiency of fatty acids are expected to hamper the growth of fatty acids. Potential effects include blood pressure, stroke, coronary artery disease, inflammation among others.

Fatty Acid used in many industries which includes Health Care, cosmetics industry and textile industry. Main types of fatty acid are saturated, monosaturated, polysaturated and Tran’s fat. Saturated products include palmatic acid, stearic acid, and myristic acid. Monosaturated products include oleic acid & palmitoleic acid whereas polysatuared includes linoleic acid and linoolenic. Omega-3 has leading positions in dietary supplements and clinical nutrition categories. High quality Omega-3 powders for food and infant nutrition applications. Other areas of applications include pharmaceuticals where fatty acids are used as an inactive ingredient in preparation of drugs and as carriers for lipid formulation Stearic acid, lauric acid and oleic acid. Known for high stability, mild odor and white color, are suitable for cosmetics industry.

Increasing application scope in textile industry is likely to drive fatty acids market demand. Its derivative namely fatty acid ethoxylate are used in various textile applications such as wetting agents, dispersants and scouring agents They are also used as spin finishing agents in numerous textile formulations. Some of the other fatty acid downstream potential market applications include its uses in lubricants & greases, paints & coatings, mining, metal working, rubber manufacturing and leather.

Biological effects due to deficiency of fatty acids are expected to hamper the growth of fatty acids. Potential effects include blood pressure, stroke, coronary artery disease, inflammation and others may also hinder the product market growth.

Fatty Acid Market Regional Analysis: The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Soda Ash market is largest market owing to robust industry growth of application industry in China and India. Increasing fatty acid production for producing Health Care, cosmetics industry, textile industry in emerging economies is expected to boost the market demand. Asia Pacific fatty acid market size is likely to witness highest gains over the forecast period owing to abundant availability of vegetable sources in countries such as Malaysia and Indonesia. Positive outlook on end-use industries such as rubber, food & beverages, plastics and textiles in countries like China & India is predict to drive demand.

Key regions like North America and Europe are likely to witness continue growth rates over the forecast period. European countries such as France and UK Germany are likely owing to growth of cosmetics industry. North American countries likely to witness a steady demand owing to growth in dietary supplements and foods consumption.

Fatty Acid Market Competitive Analysis: Fatty Acid Market consists couple of tier 1 manufacturers who have been holding the control over the global market over the years. Akzo Nobel N.V, BASF SE, Arizona Chemicals, Ashland Inc., Eastman Chemical Company, Croda, and Oleon N.V are the key listed manufacturers of fatty acid operating in the global market. In China and Southeast Asia development of new production facilities expected to result in overcapacity of fatty acid and likely to face price pressures. The above listed industry participants held substantial market share in the global market and are facing threat from companies coming with cash-plantation plantation. This may disturb the industry rivalry and introduce drastic changes over the coming years.

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