Global Natural Fatty Acids Market – Growth, Trends, and Forecast (2017 - 2022)
The global natural fatty acids market accounted for USD XX million and XX kiloton by volume in 2016 and is projected to register a moderate CAGR, during 2017-2022 (the forecast period).
Fatty acids are long aliphatic chains of unsaturated/saturated carboxylic acid. Natural fatty acids are naturally occurring esters of glycerol, which are found in fats and fatty oils having the n-2 number of carbon atoms in chains ranging from 1-30 C’s. These fatty acids are obtained by hydrolysis of natural oil and fats. Natural fatty acids get converted into oleochemicals when consumed, which are biodegradable and renewable.
The global natural fatty acid market is segmented based on types, and end-user industry. Natural fatty acids and their derivatives are widely used in a number of industries, such as personal and household care, rubber, plastic, detergents, and ‘others’. The natural fatty acids market is witnessing growing demand from industries like rubber and polymer, especially from the developing economies. The growing demand for eco-friendly technology is expected to favor the natural fatty acid market, with increasing need for natural feedstock and products. Rising health consciousness among youth is likely to promote naturally-derived fatty acids demand for functional food and dietary supplements. Owing to its health benefits for pregnant women, the omega-3 fatty acids (fish oil) market is witnessing a rise in demand from pharmaceutical industry. White olefin (multiple distilled oleic acids) also has a wide range of uses in cleansing creams and skin protection. Lauric acid content, extracted from coconut oils, provides excellent foaming characteristics to shampoos and shaving creams. In growing economies, these acids are witnessing a strong demand from cosmetics and personal care industries. However, fluctuating prices of feed stock materials is likely to restrain the global natural fatty acid market growth. With the development new manufacturing process of polypropylene glycol using glycerin has spurred the demand for natural fatty acids in the production of anti-freeze.
Areas with Scope for Global Natural Fatty Acid Market
Geographically, the market has been segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In 2016, Asia was the leading consumer in the natural fatty acid market. Moreover, China continued to be the largest consumer across the globe, with a sustained growth. Western Europe accounted for the second leading consumer of natural fatty acids, followed by North America. North American countries, such as the United States and Canada, are likely to experience a growing demand due to the increasing requirement from dietary supplements and functional foods sector. Apart from these major regions, small regions that include South America, Middle East & Africa are likely to witness a considerable growth in terms of share. Latin America is anticipated to experience spurt in demand for fatty acids, due to increasing popularity and preference for personal and home care products. The US oleic acid market has seen a rapid growth in recent times, owing to use of broader C18s in oilfield and drilling applications, thus, stabilizing the fatty acid market value. Notable Developments in the Market
The University of Malaya (UM) and the company, Oleon co., signed a MoU on Apr 7, 2017., which confirmed that both parties will join each other in research, in order to develop a new generation of environment-friendly additives for lubricants.
IOI Oleo chemical Industries acquired Cremer Oleo’s entire oleo chemicals manufacturing business in Germany for EUR 89.4 million on Sep 9, 2015.
Why Purchase the Global Natural Fatty Acid Market Report?
Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Know about: the latest regulations & policies of natural fatty acid market.
Analyzing various market perspectives with the help of Porter’s five forces analysis.
Which segment, by type and by end-user, will dominate the market?
Which region or country will witness the fastest growth and which will remain untapped during the forecast period?
Identify the latest developments, market shares, and strategies employed by the major market players, such as:
o BASF SE
o Eastman Chemical
o Colgate-Palmolive Ltd.
o Wujiang Jinyu Lanolin Co. Ltd.
o Oleo Chemical
o Behn-Meyer Holding AG