New York City, 06 February 2019: The
global Fatty Acid Esters Market is anticipated to reach USD 1.68 billion by 2026 according
to a new study published by Polaris Market Research.
The
increasing use of fatty acid esters in different types of biofuels, personal
care products, foodstuffs, detergents etc is the major factor driving the Fatty
Acid Esters Market growth. There has been a growing interest in the effects and
in the fate of biodiesel, petroleum/ biodiesel distillate blends within the
industry.
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Fatty acid
esters are group of several types of organic compounds which are synthesized
through esterification process of fatty acids with different types of
substances such as methanol. These products are of substantial economic
environmental importance as these are key constituents of various daily use
consumer products and commercial biodiesels. The increasing use of fatty acid
esters of methyl in biofuels, the possibility of releases of biodiesel and
fatty acid methyl esters into the environment is expected to increase over the
forecast period.
Low
solubility of these products in the groundwater helps in behaving as light
non-aqueous phase liquid source along with relatively small area of influence.
Fatty acid esters do not improve the solubility of the hydrocarbons as
individual components or as a whole such as the mono or poly aromatic
hydrocarbons. These Individual fatty acid compounds are comprised of low
aqueous solubility nature, low mobility and low volatility. However,
autoxidation mechanisms and the hydrolysis results in generation of more of the
mobile and equally biodegradable components. Hence, with such advantages in the
end-use products in addition of these fatty acid esters, demand for these
products is expected to increase further.
Competitive Landscape and Key Vendors:
Asia Pacific
Fatty Acid Esters Market region was the largest regional segment globally. The
region’s growing food & beverage, chemicals, personal care industries etc
are the major driving sources of demand of these products. China, India,
Malaysia, Japan, Indonesia etc. are not the major consumers but also leading
producers globally. Europe and the U.S. Fatty Acid Esters Market has also been
the leading regions for these products, however the scenario has changed over
the recent past. The significantly increasing rate of industrialization in Asia
Pacific region has attracted numerous end products manufacturers of fatty acid
esters which have turned it into a major exporter of these products.
Some of
leading industry participants in the Fatty Acid Esters Market includes Berg +
Schmidt, Alnor Oil Co. Inc., ongyan Zhuoyue New Energy Co. Ltd. , Emery
Oleochemicals Group , P&G Chemicals , Wilmar International
Limited , BASF S.E. , Archer Daniels Midland Company (ADM) ,
Cargill Inc.., KLK Oleo , P&G (Procter & Gamble) Chemicals,
Cargill, The Seydel Companies, DuPont, Estelle Chemicals, Stepan Company
and World Chem Industries.
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