Description
Global Fatty Acid Derivative Market to surpass USD 4.2 billion by 2030 from USD 1.1 billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30.
Product Overview
Fatty acids are organic molecules with lengthy hydrocarbon chains and a carboxylate group at the end. Fatty acids are water-insoluble, however they are quite soluble in organic solvents. The majority of fatty acids come from natural sources like vegetable oil and coconut oil, although some come from petroleum. Various chemical methods, such as hydrogenation, dehydrogenation, and isomerization, are used to create fatty acid derivatives from fatty acids. Fatty acid derivatives are used in a range of industries. These acids form a hormone-like substance in the human body that regulates a variety of bodily functions including blood pressure, blood clotting, blood lipid levels, and inflammation response to injury and infection. In the human body, fatty acid derivatives also function as intracellular messengers.
Market Highlights
Global Fatty Acid Derivative market is expected to project a notable CAGR of 5.4% in 2030.
The chemical sector has seen tremendous expansion in the fatty acid derivative market. Furthermore, the fatty acid derivative market’s main players have a big market opportunity due to expanding research and development initiatives.
Global Fatty Acid Derivative: Segments
Unsaturated fatty acids segment to grow with the highest CAGR during 2020-30
Global Fatty Acid Derivative market is segmented by type into Unsaturated fatty acid and Saturated fatty acid. Unsaturated fatty acids segment held the largest market share in the year 2020. Unsaturated fatty acids are made up of one or more carbon-carbon double bonds. Polyunsaturated fatty acids are synthesized with the help of unsaturated fatty acids (PUFAs). Avocado, almonds, soybean, canola, and olive oil, among other foods, are high in unsaturated fats. Unsaturated fatty acids are also preferred as an important component of the diet since they aid to lower cholesterol levels and minimize the risk of heart disease. During the projection period, these are some of the primary variables supporting the unsaturated fatty acids segment’s growth.
Home and Industrial Cleaning segment to grow with the highest CAGR during 2020-30
Global Fatty Acid Derivative market is divided by end-user into Personal Care and Cosmetics, Home and Industrial Cleaning, Textiles, Agrochemicals, Pharmaceuticals, Rubber, Plastics, Paper and Paper Products, Paints and Varnishes, and Others. Over the forecast period, the Home and Industrial Cleaning segment is projected to expand at the fastest pace. In the household and industrial cleaning sector, fatty acids are commonly employed as an anti-foaming agent. As a result, raising awareness of the need of cleanliness has resulted in a strong increase in demand for home and industrial products, which is driving up fatty acid consumption throughout the projection period. Furthermore, due of their wetting, emulsifying, and cleaning qualities, fatty acids and oils are utilized in industrial floor cleaners and floor polishes, which is a driving factor for the fatty acid market expansion.
Market Dynamics
Drivers
Substitute for petroleum-derived products and favorable legislation
As petroleum sources will run out at some point in the future, there is an increasing worry about finding alternatives for petroleum-derived products. Petroleum products are extremely harmful to the environment. Some petroleum products can be replaced with fatty acid derivatives, which are environmentally beneficial. The market for fatty acid derivatives is driven by favorable legislation. The use of innovation and technology in the synthesis of fatty acid derivatives is expanding the range of uses available. The market is expected to be propelled by the use of fatty acid derivatives as bio-lubricants.
Increased demand in the home care cleaning sector
In the home care cleaning sector, fatty acid salts are a common type of anionic surfactant. They’re found in a variety of cleaning products, including soaps, detergents, bleaches, and cleaners. Some of the fatty acids utilized in soap and detergent products are lauric, myristic, palmitic, stearic, ricinoleic, oleic, linoleic, and linolenic acids. Sodium salts of fatty acids produced from triglycerides or hydrolyzed fatty acids make up about 70–85 percent of natural herbal soap bars. These fatty acids are important in the performance of natural soap and help to keep the cost of finished goods down.
Restraint
Fluctuating prices and COVID-19
During the projected period, the market is likely to be hampered by fluctuating supply and pricing of feedstock materials. Due to different economic restraints and laws, demand for fatty acids declined during the global pandemic, Covid-19. Many fatty acid units were forced to halt production as a result of these rigorous lockdown procedures, limiting the fatty acid market. Furthermore, as a result of the outbreak, the production and export of edible oils declined, lowering demand for fatty acids and resulting in a major drop in fatty acid market revenue. The production, consumption, imports, and exports of fatty acids were also hampered as a result of the covid-19 outbreak.
Global Fatty Acid Derivative: Key Players
Sabic
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Dow Chemical Company
Total SA
Repsol SA
BASF SE
Bayer Material Science
ENI S.P.
Ineos Group AG
Royal DSM
Other Prominent Players
Global Fatty Acid Derivative: Regions
Global Fatty Acid Derivative market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in APAC is expected to hold highest CAGR over the forecasted period. The presence of developing countries such as China, India, and others aids regional development. One of the primary reasons driving the market expansion for fatty acids in the Asia Pacific area is the existence of a big population, as well as the increased use of cleaning goods such as soaps and detergents. Furthermore, during the projected period, the Asia Pacific region’s developing personal care and cosmetics sector would increase fatty acid consumption.
Global Fatty Acid Derivative is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Fatty Acid Derivative report also contains analysis on:
Fatty Acid Derivative Segments:
By Type
Unsaturated fatty acid
Saturated fatty acid
By End-User
Personal Care and Cosmetics
Home and Industrial Cleaning
Textiles
Agrochemicals
Pharmaceuticals
Rubber
Plastics
Paper and Paper Products
Paints and Varnishes
Others
Fatty Acid Derivative Dynamics
Fatty Acid Derivative Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Global Fatty Acid Derivative Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD 1.1 billion
Revenue forecast in 2030 USD 4.2 billion
Growth Rate CAGR of 5.4% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, end-user, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Sabic, The Dow Chemical Company, Total SA, Repsol SA, BASF SE, Bayer Material Science, ENI S.P.A, Ineos Group AG, Royal DSM, and Other Prominent Players
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