The Global fatty acid ester market is accounted for US$ 2,505.2 MN in terms of value by the end of 2022. Fatty acid esters is produced via the reaction between alcohol & fatty acid. It is derived from vegetable oils & animal tallow. Fatty acid esters are esters that have low volatility compared as compared to traditional solvent. Due to this, they are widely used as a solvent in paints &coatings applications. They are produced with the reaction between fatty acids & alcohols. Vegetable oils & animal fats are key raw materials used in the production of fatty acid esters.
Market Dynamics
Increasing use of fatty acid ester in personal care products such as shampoos, shower gel, conditioners, & cosmetic products such as lipsticks & blush is expected to increase the dem& for the market over the forecast period. Moreover, strong dem& for fatty acid esters from the food & beverage industry is further expected to increase market growth.
Increasing awareness regarding the benefits of natural esters among the end-user is projected to foster the market growth of the fatty acid esters in the near future. Moreover, growing consumer preference towards natural ingredients is anticipated to boost product dem&.
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