Covina, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Fatty Acid Ester are type of ester which result from combination of fatty acid with alcohol where, produced fatty acid esters can be diglycerides, monoglycerides and triglycerides. Beeswax, carnauba plant wax and montan wax are some examples of fatty acid ester.
Growing industrialization across globe has become leading factor in target market growth. Further, rising demand for personal care products, cosmetics, as they are used for dissolving high-polarity active ingredients and as UV absorbers in cosmetics is likely to propel market growth. The good stabilizing and conditioning properties of fatty esters has provided broad applications in pharmaceutical, food, agriculture, detergent, fine chemicals and others supporting the market growth.
Analyst View:
Wide variety of applications in Personal Care Products and Cosmetics, lubricants, surfactants and food have provided lucrative opportunities in target market growth. Further, growing demand for fatty acid esters in developing biodiesels is anticipated to increase the demand for Fatty Acid Ester market growth.
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Segmentation:
- By Type-Medium Chain Triglycerides (MCT), Glyceryl Monostearate, Isopropyl Palmitate, and Polyol Esters Glycol Esters Sucrose Esters
- By Application-Personal Care Products & Cosmetics, Lubricants, Food, and Surfactants
- By Region-North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key players in the global fatty acid ester market include:
- KLK Oleo
- Cargill Ltd.
- Archer Daniels Midland Company
- BASF SE
- Wilmar International Limited
- P&G Chemicals
- Emery Oleochemicals Group
- Longyan Zhuoyue New Energy
- Alnor Oil
- Berg Schmidt
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COVID-19 AND RUSSIA-UKRAINE WAR INFLUENCE ANALYSIS:
COVID-19 Pandemic Influence:
- Disruption in Supply Chains: The pandemic initially disrupted supply chains worldwide, including those in the chemical industry. Lockdowns, restrictions on movement, and labor shortages affected the production and transportation of fatty acid esters.
- Changes in Demand: Demand for fatty acid esters may have fluctuated during the pandemic. For instance, there could have been increased demand for personal care and hygiene products containing fatty acid esters, such as hand sanitizers and disinfectants, while demand from sectors like automotive or construction might have decreased.
- Health and Safety Regulations: Governments implemented health and safety regulations that affected manufacturing facilities and distribution channels. Compliance with these regulations may have incurred additional costs for producers.
Russia-Ukraine War Influence:
- Supply Chain Disruption: The Russia-Ukraine war can disrupt supply chains in several ways. Ukraine is a significant global producer of agricultural products, including sunflower oil, which is used in the production of fatty acid esters. Any disruptions in the supply of raw materials can affect the availability and pricing of fatty acid esters.
- Geopolitical Uncertainty: Geopolitical tensions can create uncertainty in global markets. Businesses may be hesitant to invest in regions affected by conflict, and this uncertainty can impact international trade and investment, potentially affecting the fatty acid ester market.
- Energy Prices: The conflict can also influence energy prices, including those of crude oil. Fluctuations in oil prices can have a direct impact on the cost of raw materials used in the production of fatty acid esters.
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The reports help answering the following questions:
- What's the current scope of the Fatty Acid Ester market request in various regions?
- How is the Fatty Acid Ester market demand divided into different product type?
- How is the demand predicted to develop in the future?
- What's the demand possibility compared to other countries?
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