Market Research Future Published a Half Cooked Research “Global Fatty Acid Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.
Akzo Nobel N.V (Netherlands), BASF SE (Germany), Arizona Chemicals (U.S.), Ashland Inc. (U.S.), Eastman Chemical Company (U.S.), Croda (India), Oleon N.V.( Belgium), Godrej Industries (India), Colgate-Palmolive Ltd (India), Ferro Corporation(U.S.) and others are some of the prominent players at the forefront of competition in the Global Fatty Acid Market and are profiled in MRFR Analysis.
Fatty Acid Market – Market Overview
Fatty Acid is important deity source of fuel for animal, as it plays important in their metabolism. It is combination of carbon chain and carboxylic group. Lack of Fatty Acid Market may lead to adverse health effects in human nutritional, thus it gained massive importance and is being consumed largely. Fatty Acids play a key role in metabolism: as a metabolic fuel, as a necessary component of all membranes, and as a gene regulator. It has found its diverse range of applications in Health Care, Food Industry, Lubricants, Agrochemicals, And Textile Industry.
The upcoming trends expected by industry experts are improvement in supply chain management, policies supported by governments, increasing use of Fatty Acid in plastic and rubber industry. The factors may bring new growth opportunities by driving growth of this market. The market is set to enhanced consumption of Fatty Acid due to the use of due to abundance of raw material and its growing adoption in human nutrition. The market is expecting potential demand of Fatty Acid from personal and cosmetics industry due to its use as emollients and thickeners have led to high demand in the market. ON the flip side adverse biological effects likely to inhibit the growth of this market.
Asia Pacific is set to continue its dominance over the forecast period in the coming years due to massive growth offered by healthcare and cosmetics industry. According to International Trade Association, China was the second largest cosmetic industry worth USD 50.2 billion expanding at annual growth of 7.9%. In addition to this, the growth of China cosmetics industry is considerably dependant on import and is set to uplift cosmetics consumption in the coming years. This factor may provide emerging growth opportunities over the assessment period for fatty acid over the assessment period. As per the study revealed by Market Research Future on fatty acid, it provides key industry insights along with comprehensive analysis.
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Fatty Acid Market- Competitive Landscape
The Global Fatty Acid Market consists couple of tier 1 manufacturers who have been holding the control over the global market over the years. Akzo Nobel N.V, BASF SE, Arizona Chemicals, Ashland Inc., Eastman Chemical Company, Croda, and Oleon N.V are the key listed manufacturers of fatty acid operating in the global market. In China and Southeast Asia development of new production facilities expected to results in overcapacity of fatty acid and likely to face price pressures. The above listed industry participants held substantial market share in the global market and are facing threat from companies coming with cash-plantation plantation. This may disturb the industry rivalry and introduce drastic changes over the coming years.
Industry/ Innovation/ Related News:
November 1, 2017- AkzoNobel completes the expansion of surface chemistry at its China based plant, by investing USD 5.68 million. Prior to this expansion the plant is highly focused on producing fatty acid, but as the chemical industry in Asia started to evolve drastically this investment has made to improve operational excellence and to improve and to introduce new production capacities.
September, 2017- Kemirasigned agreement to form joint venture with fatty acid chloride producer based in China i.e. NewCo Chemical Technology. Thejoint ventured formed to strengthen Kemira’s global leadership in Pulp & Paper industry and to support growth of water treatment. The major purpose behind this joint venture is to strengthen the Asia Pacific presence. After this venture Kemiorta will have 80% stake and Tiancheng 20% of NewCo.
March 13, 2017- PMC Biogenix, producer of specialty chemicals from renewable resources expanded its fatty acid intermediates production capacity in Tennessee, USA. The expansion activity is being undertaken to aid their recent fatty acid expansion held in South Korea. Taking into account existing production, the expansion of fatty acid will be doubled to cater ongoing demand.
March 8, 2017- DSM and Evonik united to form joint venture to produce omega-3 fatty acids from natural marine algae for animal nutrition. Thus venture has undertaken to manufacture omega-3 fatty acid without using fish oil. After this joint venture both Evonik & DSM will be holding equivalent shares and co-own production facility. The investment planned for this activity is agreed at USD 200 million (USD 100 million equally), and the initial production of fatty acid will be 15% of the total current annual demand.
October 1, 2015- BASF a leading solution provider and ingredients innovator for the pharmaceutical industry merged with Siegfried Holding AG ton strengthen the European footprint for selected API. The API includes ibuprofen, omega-3 fatty acids and polyethylenglycol (PEG), although, the API will remain a key part of BASF’s portfolio. The merger activity expected to impact positively European distribution of aforementioned API’s.
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