Chemicals & Materials

Global Fatty Acid Derivative Market

January 27, 2022
ID: SR/CH-55
Format:Pdf
Pages:220

Global Fatty Acid Derivative Market by Type (Saturated Fatty Acid, and Unsaturated Fatty Acid), By End User (Personal Care & Cosmetics, Pharmaceuticals, Textile, home and industrial cleaning, Rubber, Plastics, Paint & Varnishes, Manufacturing, Agrochemicals, and Others), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Description

The fatty acid derivative market size is estimated to reach USD 61.67 billion by 2030, growing at a CAGR of 7.4% during the forecast period 2022-2030. It was valued at USD 26.15 billion in 2022.

Growing government and health agencies’ drive to supplement health and nutrition among lower economic strata of individuals has been pushing the growth of dietary supplements and helping the growth of the fatty acid derivatives market.

Additionally, the growing adoption of cleaning products such as detergents and soaps and the rising population drives the growth of the fatty acid derivative market.

Moreover, increased understanding of the importance of cleaning, demand for residential and industrial products has increased significantly and is expected to drive the global growth of the fatty acid derivatives market.

What is Fatty Acid Derivative?

Fatty acids are chemical compounds that contain lengthy hydrocarbon chains and carboxylic acid groups at the end. Water-insoluble fatty acids are soluble in organic solvents. Most fatty acids are derived from natural sources like vegetable oils and coconut oil. However, others are derived from petroleum. Fatty acid derivatives are made through various chemical processes such as hydrogenation, isomerization, and dehydrogenation. Many businesses make use of fatty acid derivatives. These acids are converted into hormone-like molecules that control various bodily functions in the human body, including blood clotting, blood pressure, blood lipid levels, and inflammatory responses to injuries and infections. Fatty acid derivatives also serve as intracellular messengers in the human body.

Growth Driver

Growing demand in the home care cleaning and textile

Fatty acids are commonly used as an anti-foaming ingredient in household and industrial cleaning products. Therefore, due to enhanced understanding of the importance of cleaning, demand for residential and industrial products has increased significantly, driving increasing fatty acid consumption during the forecast period.

Furthermore, fatty acids are in considerable demand from the textile industry. Derivatives called fatty acid ethoxylates to have various uses in the textile industry, from emulsifying wetting agents, softeners, dispersants, and abrasives. This growing consumption in the textile industry has led to increased demand for fatty acids driving the market growth.

Opportunities

Growing demand for functional food and dietary supplements

The growing global demand for functional foods and dietary supplements is expected to provide growth opportunities for the fatty acid derivatives market during the forecast period. Consumers may prioritize functional foods and supplements to reduce excessive dependence on drugs and maintain good health.

Pre-Covid-19 impact on the Fatty Acid Derivative Market

Before the Covid-19 Pandemic, one of the major factors for Fatty acid derivatives growth was the rising concerns about finding an alternative to petroleum-based products, as petroleum resources will be exhausted after some time in the future. The use of petroleum products is extremely dangerous for the environment. Fatty acid derivatives are environmentally friendly alternatives to some petroleum products. Favorable regulations are a driver for the fatty acid derivative market. Modernization and technology development in fatty acid derivatives are opening new opportunities for their applications. The usage of fatty acid derivatives as bio-lubricants drives the market in the pre-Covid 19 periods.

Covid-19 impact on the Fatty Acid Derivative Market

Due to the Covid-19 pandemic, stringent regulations enforced in several countries and fatty acid derivatives suspended import and export activities. The pandemic affects the global economy, disrupts supply chains, production and demand, and has economic consequences for businesses and financial markets. COVID-19 pandemic most of the fatty acid industry was forced to halt manufacture due to these lockdown procedures, strictly restraining the market. Furthermore, due to the epidemic, the production and export of edible oils declined, dropping demand for the fatty acid derivatives market.

Post Covid-19 impact on the Fatty Acid Derivative Market

The global fatty acid derivatives market will see slow growth in the Covid-19 pandemic, as the covid19 pandemic will seriously affect the manufacturing, textile, rubber, plastics, paint & varnishes, manufacturing, agrochemicals industry. Furthermore, the major fatty acid derivative market players have a significant market opportunity due to expanding research and development initiatives. The demand for fatty acid derivatives has grown significantly in the chemical industry is expected to drive the market in the post-covid 19 periods.

Type Segmental Analysis

The fatty acid derivatives market is segregated into saturated and unsaturated fatty acids based on the type.

The unsaturated fatty acid segment is estimated to have the highest market share in the type for the fatty acid derivative market. Unsaturated fatty acids are also an important feature of the diet since they significantly decrease cholesterol levels and reduce the risk of heart disease, are drives the growth of the unsaturated fatty acids market throughout the forecast period.

End-User Segmental Analysis

The global fatty acid derivative market is categorized into personal care & cosmetics, pharmaceuticals, textile, home and industrial cleaning, rubber, plastics, paint & varnishes, manufacturing, agrochemicals, and others based on the end-user. The home and industrial cleaning segment held a significant market share in 2021. However, home and industrial cleaning are expected to grow and gain the largest market revenue by 2030. Fatty acids are commonly used as an anti-foaming ingredient in household and industrial cleaning products. Therefore, due to enhanced understanding of the importance of cleaning, demand for residential and industrial products has increased significantly, driving increasing fatty acid consumption during the forecast period.

Region Segmental Analysis

The global fatty acid derivative market is categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Asia Pacific is estimated to project significant growth over 2022-2030. Due to the growing demand for consumer products and increased personal care and cosmetics sector would raise fatty acid consumption in the region. Furthermore, the growing adoption of cleaning products such as detergents and soaps and the rising population in the region are the factors growth of the fatty acid derivative market.

Competitor Analysis

Companies include Eastman Chemical, BASF, Wilmar Group, Cargill, Godrej Chemical, Repsol SA, Ineos Group AG, Akzo Nobel, Arizona Chemicals, Vantage Oleochemicals, Bayer Material Science, Others Prominent Players in the fatty acid derivative market.

Key Stakeholders

Market research and consulting firms
Industry associations
Research organizations and consulting companies
Global fatty acid derivative providers
Local governments
Regulatory bodies
Suppliers
Retailers

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 1.159 Billion
The revenue forecast in 2028	USD 1.675 Billion
Growth Rate	CAGR of 5.4% from 2022 to 2028
Historical data	2018 – 2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Eastman Chemical, BASF, Wilmar Group, Cargill, Godrej Chemical, Repsol SA, Ineos Group AG, Akzo Nobel, Arizona Chemicals, Vantage Oleochemicals, Bayer Material Science, Others Prominent Players.

Market Modelling

By Type

Saturated Fatty Acid
Unsaturated Fatty Acid

By End-User

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

More Related Reports:

Food Preservatives Market

Pressure Sensitive Adhesive Market

Liquid Ring Vacuum Pumps Market

Manufacturing Executive Market

Indoor Lifting Machine Market

Global Automotive Suspension Market

Edge Computing Market

Online Banking Market

Global Soap Shampoo Bar Market

Food Preservatives Market

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is a fatty acid derivative?

What is the growth rate of the fatty acid derivative market?

The fatty acid derivative market size is estimated to reach USD 61.67 billion by 2030, growing at a CAGR of 7.4% during the forecast period 2022-2030. It was valued at USD 26.15 billion in 2022.

Who are the key driving factors for the global fatty acid derivative market?

The fatty acid derivative market is expected to grow significantly due to an enhanced understanding of the importance of cleaning; demand for residential and industrial products has increased significantly, driving increasing fatty acid consumption. Growing consumption in the textile industry has led to increased demand for fatty acids driving the market growth.

What are the impacts of the COVID-19 pandemic on the global fatty acid derivative market?

The Covid-19 pandemic is impacting the global fatty acid derivative market significantly. COVID-19 pandemic most of the fatty acid industry was forced to halt manufacture due to these lockdown procedures, strictly restraining the market. Furthermore, due to the epidemic, the production and export of edible oils declined, dropping demand for the fatty acid derivatives market.

Which region is expected to have the largest share in the global fatty acid derivative?

The Asia Pacific captured the largest market share in 2021 and is projected to grow significantly over the forecast period, 2022-2028.

Who are the major players in the global fatty acid derivative?

Companies include Eastman Chemical, BASF, Wilmar Group, Cargill, Godrej chemical, Repsol SA, Ineos group ag, Akzo Nobel, Arizona chemicals, vantage oleochemicals, Bayer material science, others prominent players in the heat meter market.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.

Global Fatty Acid Derivative Market

What is Fatty Acid Derivative?

Growth Driver

Growing demand in the home care cleaning and textile

Opportunities

Growing demand for functional food and dietary supplements

Pre-Covid-19 impact on the Fatty Acid Derivative Market

Covid-19 impact on the Fatty Acid Derivative Market

Post Covid-19 impact on the Fatty Acid Derivative Market

Type Segmental Analysis

End-User Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Scope of the Report

Market Modelling

More Related Reports:

Report Content

Frequently Asked Questions (FAQ):

Select License

We Accept

Latest Reports

Why Choose Us

Company

Industries We Serve

We Accept

Contact Info

Check Discount %

Free Sample Report