Future of Global Fatty Acids Market Along with Key Drivers, Major Manufactures, Business Insights, Trends and Forecast 2023
Infinium Global Research has added a new report on Global Fatty Acids Market. The report covers the analysis of global as well as regional markets of fatty acids. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. The global fatty acids market is projected to grow with a CAGR of 13.8% during 2017-2023.
Fatty Acids Market: Drivers, Restraints and Opportunities
Fatty acids find their applications in the manufacturing of cosmetics, detergents, rubber, textiles, soaps and others. The growth in the global fatty acids market is driven by the awareness among people about the medicinal and health benefits of fatty acids. Moreover, the demand for soaps, detergents, and household and personal care products across the globe is helping the fatty acids market to sustain the growth owing to applications in these sectors. However, fluctuating prices of raw materials is one of the major restraints in the global fatty acids market.
The report segments the global fatty acids market by type, application and region. On the basis of types the fatty acids market is segmented as natural fatty acids and synthetic fatty acids. Based on application, the market has been segmented into pharmaceuticals, food and beverages Lubricants and Industry chemicals and others.
Emerging markets such as China, India, Indonesia and Thailand are growing at a significant rate and account for substantial market size, which in turn make Asia-pacific the largest region in terms of volume of consumption of fatty acids in the world market. Latin America is anticipated to experience spurt in demand for fatty acids due to the demand for personal care and homecare products. European market is also expected to grow primarily due to imports. However, the saturation of matured economies is a major concern for the global fatty acids market. The fluctuating prices of palm oil is expected to affect the production of the natural fatty acid manufacturers. Textile industry is anticipated to provide the fatty acid manufacturers the opportunity to expand over the forecast period of 2017 – 2023.
The companies covered in the report include Arizona Chemicals, BASF, Behn-Meyer Holding AG, Colgate-Palmolive Ltd, Eastman Chemical, GC Rieber Oils, Mazzoni, Nippon Suisan Kaisha, Oleoquimica Brazil and Yueyang Ch-Cheng Oleo chemicals Co. Ltd.
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