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Global Fatty Esters Market to be valued at US$ 3.4 Billion by 2032 - Future Market Insights, Inc.

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Future Market Insights

18 May, 2022, 14:45 GMT

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The fatty esters market is booming. These chemicals have a ton of advantageous properties, making them perfect for use in chemical industries. As the demand for fatty esters grows, the market is expected to reach new heights over the next few years.

NEWARK, Del., May 18, 2022 /PRNewswire/ -- The global fatty esters market is expected to secure US$ 3.4 Billion while exhibiting a 4.4% growth rate during the 2022-2032 forecast period. The market was estimated at US$ 2.1 Billion in 2021, and is likely to reach US$ 2.2 Billion in 2022. Growth of the market can be attributed to the extensive usage of fatty esters in a wide range of industries, including cosmetics & personal care, as well as biofuels.

The increasing use of fatty esters in end-use industries such as food, biochemical and agricultural is expected to boost the growth of the market during the forecast period. Growing demand for fatty esters for industrial applications owing to its environment friendliness is expected to augment market growth over the forecast period.

On the contrary, inadequate availability of raw materials is also one of the major factor affecting the growth of the market. In addition to it, lack of proper developed infrastructure in the underdeveloped nations is major disadvantage faced by the market is the another factors projected to hamper the industry growth in the forecast period.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14714

Key Takeaways from the Report

  • By type, the fatty acid methyl esters (FAME) segment is expected to record an 4.1% CAGR by 2032
  • By application, the synthetic lubricant segment to expand at a 3.9% growth rate during the forecast period.
  • The U.S market to garner US$ 1.2 Billion and record an 4.3% CAGR from 2022-2032
  • Market in China to procure US$ 235 Million, expanding at a 3.9% growth rate during the assessment period

 "Growing demand of fatty esters for expansion of cosmetics industry across the globe is expected to drive the market in the forecast period. Also, the development of food, biochemical and agriculture industries is projected to play a vital role in strengthening the market."

Leading Companies Profiled in Fatty Esters Market are

  • Faci Asia Pacific Pte. Ltd.,
  • KLK Oleo,
  • Estelle Chemicals Pvt. Ltd.,
  • Evonik Industries, and
  • DuPont,

Competitive Analysis

Eminent players in the global fatty esters market include Faci Asia Pacific Pte. Ltd., KLK Oleo, Estelle Chemicals Pvt. Ltd., Evonik Industries, and DuPont, among others. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. Recent key developments among players include:

  • In July 2021, Verbio AG signed an MoU (Memorandum of Understanding) with Indian Oil Corporation Ltd. The MoU will explore the possibility of creating a Joint Venture Company using Verbio's technology and expertise in the production of biofuels (biomethane (CBG/BioCNG), bioethanol, and biodiesel) and for marketing these biofuels through Indian Oil's network.
  • In March 2021, Renewable Energy Group Inc. collaborated with Optimus technologies. This collaboration deliver biodiesel to fleets across the United States. With Optimus' new technology, biodiesel can be utilized as B100 in fleets, i.e., with 100% blended biodiesel.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-14714 

Key Segments Covered in the Fatty Esters Market Study

Fatty Esters Market by Type:

  • Fatty Acid Methyl Esters (FAME)
  • Fatty Acid Polyol Esters
  • Fatty Acid Sorbitan Esters
  • Fatty Acid Sucrose Esters
  • Other Types of Fatty Esters

Fatty Esters Market by Application:

  • Fatty Esters for Synthetic Lubricants
  • Fatty Esters for Pharmaceuticals
  • Fatty Esters for Personal Care Products
  • Fatty Esters for Food
  • Fatty Esters for Biofuel Applications
  • Fatty Esters for Other Applications

Fatty Esters Market by Region:

  • North America Fatty Esters Market
  • Europe Fatty Esters Market
  • Asia Pacific Fatty Esters Market
  • Middle East and Africa Fatty Esters Market
  • Latin America Fatty Esters Market

Get Customization on this Report for Specific Country - https://www.futuremarketinsights.com/customization-available/rep-gb-14714 

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global fatty esters market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of type (fatty acid methyl esters, polyol esters, sorbitan esters, sucrose esters and other types) and application (synthetic lubricants, pharmaceuticals, personal care products, food, biofuel application and other applications) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).

Explore wide-ranging Coverage of FMI's Chemicals & Materials Market Insights Landscape

Ethylene Amines Market – The ethylene amines market revenue totaled US$ 1.9 Billion in 2021. The ethylene amines market is expected to reach US$ 3.1 Billion by 2032, exhibiting growth at 4.6% CAGR between 2022 and 2032. From 2021 to 2022, the industry is likely to exhibit a Y-o-Y growth of 5.3%, to be valued at US$ 2 Billion.

Heat Resistant Polymer Market – The heat resistant polymer market is likely to register a CAGR of 6.7% during the forecast period and is anticipated to reach a heat resistant polymer market share of US$ 33.95 Billion in 2032, from US$ 17.75 Billion in 2022.

Phosphor Screen Market - The phosphor screen market is likely to register a CAGR of 0.74% during the forecast period, and is anticipated to reach a phosphor screen market share of US$ 376.78 Million by 2032, from US$ 350 Million in 2022.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com 
Website: https://www.futuremarketinsights.com 
Report: https://www.futuremarketinsights.com/reports/fatty-esters-market 
LinkedIn | Twitter | Blogs

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

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