Fatty Acid Market Overview:
Fatty Acid Market is expected to witness a significant growth and estimated was over USD 22 Mn in 2017 with CAGR of 9.4% between 2018 and 2022.
Fatty Acids are a carboxylic acid combination of a hydrocarbon chain and a carboxyl acid group, especially any of those occurring as esters in fats and oils. Fatty acids play a key role in metabolism: as a metabolic fuel, as a necessary component of all membranes, and as a gene regulator. The major driving factors of fatty acid market are growing demand from personal and home care products and emerging economies in the Central and South America.
In addition, the increasing demand from the soap, cosmetic, medicines industry is expected to fuel market growth of fatty acids in near future. Biological effects due to deficiency of fatty acids are expected to hamper the growth of fatty acids. Potential effects include blood pressure, stroke, coronary artery disease, inflammation among others.
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Fatty Acid Market Key Players:
Key players of the global fatty acid market are Akzo Nobel N.V (Netherlands), BASF SE (Germany), Arizona Chemicals (U.S.), Ashland Inc. (U.S.), Eastman Chemical Company (U.S.), Croda(India), Oleon N.V.( Belgium), Godrej Industries (India), Colgate-Palmolive Ltd (India), Ferro Corporation(U.S.) and others.
Fatty Acid Market Segmentation:
Fatty Acid Market is majorly segmented on the basis of application. Based on application of fatty Acid the market segmented into Health Care, food industry, lubricants, agrochemicals, and textile industry. Additionally, the market is segmented by type as saturated, monounsaturated, polyunsaturated, and Tran’s fats.
Fatty Acid used in many industries which includes Health Care, cosmetics industry and textile industry. Main types of fatty acid are saturated, monosaturated, polysaturated and Tran’s fat. Saturated products include palmatic acid, stearic acid, and myristic acid. Monosaturated products include oleic acid & palmitoleic acid whereas polysatuared includes linoleic acid and linoolenic. Omega-3 has leading positions in dietary supplements and clinical nutrition categories.
High quality Omega-3 powders for food and infant nutrition applications. Other areas of applications include pharmaceuticals where fatty acids are used as an inactive ingredient in preparation of drugs and as carriers for lipid formulation Stearic acid, lauric acid and oleic acid. Known for high stability, mild odor and white color, are suitable for cosmetics industry.
Fatty Acid Market Regional Analysis:
Asia-Pacific region is the largest producing and consuming region of fatty acid. Malaysia, China, Indonesia, and India play major role in Asian fatty acid production. Indonesia and Malaysia are the world’s leading palm oil producers and have raw material advantages. Growing demand in cosmetic industry is main cause in demand of fatty acid. The growing consumption of medicines in Europe compared Asia-Pacific region is second largest market fatty acid.
Key regions like North America and Europe are likely to witness continue growth rates over the forecast period. European countries such as France and UK Germany are likely owing to growth of cosmetics industry. North American countries likely to witness a steady demand owing to growth in dietary supplements and foods consumption.
Fatty Acid Market Competitive Analysis:
Fatty Acid Market consists couple of tier 1 manufacturers who have been holding the control over the global market over the years. Akzo Nobel N.V, BASF SE, Arizona Chemicals, Ashland Inc., Eastman Chemical Company, Croda, and Oleon N.V are the key listed manufacturers of fatty acid operating in the global market.
In China and Southeast Asia development of new production facilities expected to result in overcapacity of fatty acid and likely to face price pressures. The above listed industry participants held substantial market share in the global market and are facing threat from companies coming with cash-plantation plantation. This may disturb the industry rivalry and introduce drastic changes over the coming years.
Fatty Acid Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Fatty Acid Market
Fatty Acid Market Table of Content to be Continue……,
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