Fatty Acid Market:
The Global Fatty Acid is expected to witness a significant growth and estimated was over 22 million tons in 2014 with CAGR of 9.4% between 2018 and 2022.
Fatty acids are the combination of carbon chain and carboxylic group. Fatty acids are important dietary sources of fuel for animals because, many cell tissues can use either glucose or fatty acids for this purpose for metabolism. As lack of fatty acids may lead to biological effects fatty acids are used in the human nutrition.
In Health care industry, fatty acids are used as an inactive ingredient in preparation of drugs and as carriers for lipid formulation. They act as a part of complex lipids so they are used in the manufacture of cosmetics, soaps, fat liposomes and emulsions. Fatty acids also find its place in the cosmetic industry. The primary end uses of fatty acids include synthetic organic detergents, paints, varnishes, rubber compounding, textile chemicals, insecticides, plastic and plastic fabrication, synthetic rubber formulations and paper and paper products.For the industrial uses fatty acid found from chemical synthesis by the hydrolysis of triglycerides, two essential fatty acids, linoleic and alpha-linoleic, cannot be synthesized in the body and must be obtained from food. These basic fats are found in plant foods.
The major driving factors of fatty acid market are growing demand from personal and home care products and emerging economies in the Central and South America. In addition, the increasing demand from the cosmetic industry is expected to fuel market growth of fatty acids in near future.
A fatty acid consists of a straight chain of an even number of carbon atoms, with hydrogen atoms along the length of the chain and at one end of the chain and a carboxyl group (−COOH) at the other end. Fatty acids are not found in a free state in nature. Commonly, they exist in combination with glycerol in the form of triglyceride.
Fatty acid used in many industry which includes Health Care, cosmetics industry and textile industry. Main types of fatty acid are saturated, monosaturated, polysaturated and tran’s fat. Saturated products include palmatic acid, stearic acid, and myristic acid. Monosaturated products include oleic acid & palmitoleic acid whereas polysatuared includes linoleic acid and linoolenic. Omega-3 has leading positions in dietary supplements and clinical nutrition categories. High quality Omega-3 powders for food and infant nutrition applications. Other areas of applications include pharmaceuticals where fatty acids are used as an inactive ingredient in preparation of drugs and as carriers for lipid formulation Stearic acid, lauric acid and oleic acid. Known for high stability, mild odor and white color, are suitable for cosmetics industry.
Fatty Acid Market Key Players:
Akzo Nobel N.V (Netherlands),
BASF SE (Germany),
Arizona Chemicals (U.S.),
Ashland Inc. (U.S.),
Eastman Chemical Company (U.S.),
Oleon N.V. (Belgium),
Godrej Industries (India),
Colgate-Palmolive Ltd (India),
The global Fatty acid market is majorly segmented on the basis of application. Based on application of fatty Acid the market segmented into Health Care, food industry, lubricants, agrochemicals, and textile industry. Additionally, the market is segmented by type as saturated, monounsaturated, polyunsaturated, and Trans fats.
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