Global Natural Fatty Acids Market - Segmented by Type, End-user Industry, and Geography - Trends and Forecast (2018 - 2023)

  • ID: 4536096
  • Report
  • Region: Global
  • 126 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • AkzoNobel
  • Ashland Inc.
  • BASF SE
  • Chemithon Corporation
  • Eastman Chemical
  • LG Chemicals SABIC
  • MORE
The global natural fatty acids market is expected to register a CAGR of 4.5% during the forecast period, 2018 - 2023. 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 oleo-chemicals when consumed, which are biodegradable and renewable.

Increasing Demand in Cosmetics and Personal Care Products

Fatty acid provides an opacifying effect and consistency, and increases the thickness of the product. Hence, it is widely used in cosmetics and personal care products. The personal care products market is expected to cross over USD 200 billion by 2020, with Asia-Pacific and Europe taking the leading positions in the market. Evolution in consumer lifestyles as a result of rising incomes and increasing urbanization are contributing to the increasing consumption of personal care and cosmetic products in the market, at present. As the market for personal care and cosmetic products will rise, the use of natural fatty will also continue to grow during the forecast period.

C8 Caprylic Fatty Acid Applications are expected to Increase

Caprylic acid belongs to a class of medium-chained saturated fatty acid. It is also called octanoic acid and is found naturally occurring in dairy products, such as coconut oil and palm oil. Owing to its antibacterial, antifungal and antiviral properties, caprylic acid is used in the treatment of health problems associated with overgrowth of yeast, such as candida and thrush. The US Food and Drug Administration is promoting caprylic acid, because it liberates fatty acids and has nutritional values. Furthermore, caprylic acid is also used in the perfume industry for the production of esters and in the manufacture of dyes as well.

Asia-Pacific Dominates the 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. China continues 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. In growing economies, such as China and India these acids are witnessing a strong demand from cosmetics and personal care industries.

Key Developments

April 2017: The University of Malaya (UM) and the company, Oleon co., signed a MoU, which confirmed that both parties will join each other in research, in order to develop a new generation of environment-friendly additives for lubricant.

Major Players: BASF SE, Eastman Chemical, Colgate-Palmolive Ltd., Wujiang Jinyu Lanolin Co. Ltd., and Behn-Meyer Holding AG, amongst others.

Reason to Purchase this Report
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Understand the dominating process type and filler used in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
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FEATURED COMPANIES

  • AkzoNobel
  • Ashland Inc.
  • BASF SE
  • Chemithon Corporation
  • Eastman Chemical
  • LG Chemicals SABIC
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.3.2 Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Glycerin to Manufacture Propylene Glycol and Epichlorohydrin
4.1.2 Government Regulations Promoting the Use of Eco-friendly Products
4.1.3 Broader Use of C18s in Oilfield and Drilling Applications
4.1.4 Increasing Demand in Cosmetics and Personal Care Products
4.2 Restraints
4.2.1 Fluctuating Supply and Prices of Feed Stock Materials
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Preference for Bio-based Raw Materials in Polymer Manufacturing
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Type
5.1.1 Stearic Acid
5.1.2 Distilled Fatty Acid
5.1.3 C8 Caprylic Fatty Acid
5.1.4 Tall Oil Fatty Acid
5.1.5 Oleic Acid
5.2 By End-user Industry
5.2.1 Household
5.2.2 Cosmetics and Personal Care Products
5.2.3 Soap & Detergent
5.2.4 Oilfield
5.2.5 Rubber & Plastic
5.2.6 Lubricants
5.2.7 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 BASF SE
9.2 Akzo Nobel NV
9.3 N.V., Ashland Inc.
9.4 Arizona Chemicals
9.5 Baerlocher GmbH
9.6 Chemithon Corporation
9.7 Behn-Meyer Holding AG
9.8 Chemol Company Inc.
9.9 Monachem
9.10 Pacific Oleo
9.11 Croda Industrial Chemicals
9.12 Eastman Chemical
9.13 Faci S.p.A.
9.14 LG Chemicals
9.15 SABIC
9.16 Zibo Fenbao Chemical Co. Ltd
9.17 Yueyang Ch-Cheng Oleochemicals Co. Ltd
*List not exhaustive

10. Disclaimer
**Subject to availability on public domain
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  • BASF SE
  • AkzoNobel
  • N.V.
  • Ashland Inc.
  • Arizona Chemicals
  • Baerlocher GmbH
  • Chemithon Corporation
  • Behn-Meyer Holding AG
  • Chemol Company Inc.
  • Monachem
  • Pacific Oleo
  • Croda Industrial Chemicals
  • Eastman Chemical
  • Faci S.p.A.
  • LG Chemicals SABIC
  • Zibo Fenbao Chemical Co. Ltd
  • Yueyang Ch-Cheng Oleochemicals Co. Ltd
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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