Global industry analysis
The natural fatty acids market is an ever-evolving space driven by growth in emerging segments and innovative technologies. Natural fatty acids are derived from plants, animals or microorganisms through various processes such as lipase catalysis, microbial fermentation and enzymatic hydrolysis.
Long-chain aliphatic saturated or unsaturated carboxylic acids are fatty acids. When natural fats and oils are hydrolyzed, natural fatty acids are produced, which are glycerol esters with even numbers of 4 to 28 carbon atoms in the chain.
After consumption, natural fatty acids are converted into renewable and biodegradable products based on the chemicals they contain. Natural fatty acids are mainly produced by fractional distillation of crude oil, vegetable oil or animal fat.
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Sources from which natural fatty acids are derived are crude oil, palm oil, coconut oil, palm kernel oil and soybean oil. Other oils are also used in small amounts (eg rapeseed oil and fish oil). Natural fatty acids are used in a variety of end-use industries such as personal care, rubber, plastics, detergents, and more. Fatty acids play an important role in personal health management and are responsible for human nutrition.
Natural fatty acids have a wide range of applications in end-user industries. The growth of the natural fatty acids market is driven by the growth of end-use industries such as rubber and plastics, especially in developing countries. Natural fatty acids are also used in household industry, personal care industry, detergents and more. Finally, increasing consumption of natural fatty acids can be summarized as better GDP performance for each country.
Market saturation (in developed countries), price pressures and fluctuating raw material prices (palm oil) are some of the reasons that make it difficult for producers of natural fatty acids to maintain profitability. The main types of fatty acids used worldwide are stearic acid (18 carbon chain), fractionated fatty acids, polyunsaturated acids (including tall oil fatty acids), distilled fatty acids and oleic acid.
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Based on application
Natural fatty acids are in high demand in the market because of their applications in various end-use industries. As elements of good governance, these industries determine the economic growth of the region. Therefore, the consumption of fatty acids ultimately represents the growth rate of that region and can approach the GDP growth rate of a given region.
Among the seven regions, Asia Pacific has the largest production and consumption of natural fatty acids, with China, India and Malaysia holding the largest share of fatty acid production market share in certain Asian regions. In terms of consumption, China accounts for more than half of the Asian natural fatty acids market share, with soaps and detergents leading the Asian natural fatty acids consumption market share.
Western Europe, which holds the second-highest consumer market share for natural fatty acids, is expected to experience moderate growth rate due to market saturation, price volatility and changing market trends. North America has a moderate consumption of natural fatty acids, and its market share is expected to grow slowly in the near future due to diversified industries and demand for natural fatty acids.
In addition to these large regions, smaller regions such as Central and South America (Brazil), Central and Eastern Europe, Middle East (Turkey) and Africa (South Africa and Nigeria) are likely to see significant market share growth. of natural fatty acids. . Emerging markets such as China, India, Brazil and Indonesia are expected to have significant market share in consumption of natural fatty acids. The main reasons are the availability of raw materials, changing trends in consumption of natural fatty acids in the European market and a huge consumer group.
Major players in the natural fatty acid production market are facing some market changes due to raw material price uncertainty, emerging markets, domestic market saturation (particularly in Western Europe) and price competition. Many major US and European suppliers of natural fatty acids are shifting manufacturing locations to meet emerging market demand in various regions.
Some of the key players in the global natural fatty acid market are BASF SE, Akzo Nobel NV, Ashland Inc., and Arizona Chemical Company, LLC. Chemethon Corporation, Colgate-Palmolive Company, Croda International Plc., LG Chem, Jiaxing Hudong Household Auxiliaries Company Limited, Oleochem India Pvt. Ltd., Eastman Chemical Company and others.
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The Chemicals & Materials division of Persistence Market Research provides a diverse and accurate analysis of the chemical and materials industry. The chemical scope extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology, with a particular focus on ‘green alternatives’, recycling and renewable technology development, and supply, demand and trade assessments. Our research studies are widely used by chemical manufacturers, research institutes, distributors and government agencies to develop The Way Forward.
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