Market Overview:
The global natural fatty acids market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bio-based products and the growing awareness about the benefits of natural fatty acids over synthetic fatty acids. Natural fatty acids are derived from plant or animal sources, whereas synthetic fatty acids are derived from petrochemicals. The use of natural fatty acids offers several advantages over their synthetic counterparts, such as improved performance, environmental friendliness, and biodegradability. Based on type, the global natural fatty acids market is segmented into n-butanol, 2-ethylhexanol, and isobutanol segments. N-Butanol is projected to be the fastest growing segment during the forecast period owing to its high solvency power and compatibility with a wide range of resins and solvents.
Product Definition:
A fatty acid is a molecule composed of a chain of carbon atoms with attached hydrogen atoms. Fatty acids occur naturally in oils from plants and animals. They are also produced artificially as components of detergents, lubricants, and other industrial products.
Fatty acids are important components of the cells that make up all tissues in the body.
N-butanol:
N-butanol, also known as 1-butanol is a volatile, colorless liquid with a strong odor. It is usually produced by the catalytic oxidation of ethanol. N-Butanol can be used as an additive in the formulation of cosmetics and pharmaceuticals products or consumed directly as fuel for vehicles and power stations.
2-ethylhexanol:
2-ethylhexanol (2-EH) is an organic compound that is classified as a ketone. It has a molecular formula of C16H24O and the molecular weight is 132.07. The chemical structure of 2-ethylhexanol is similar to that of fatty acids; it consists of a carbon chain with two oxygen groups (eicosanoyl).
Application Insights:
The acetates segment led the global natural fatty acids market in 2017 and is projected to witness significant growth over the forecast period. The increasing use of fatty acid esters such as butyl acetate and ethyl lactate in non-dairy creameries, bakery products, fruit flavors and soft drinks is expected to drive demand for these ingredients.
Lubricant oil additives are derived from vegetable sources such as soybean oil or cottonseed oil. They are used in lubricating oils for engine maintenance purposes owing to their anti- oxidation properties which help prevent metal on metal contact between moving parts thus preventing wear & tear of engines & machinery. Increasing industrialization & mechanization have increased the consumption of lubricants thus driving demand for naturally derived ingredients like NĻFA which have low friction properties compared to synthetic counterparts.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global natural fatty acid production, which has been witnessing an increase owing to rising demand from various end-use industries such as paints & coatings, automotive, construction, and others. China is one of the largest producers and consumers of these products in this region.
The Asia Pacific witnessed significant growth in solvents application due to technological advancements coupled with increasing industrialization across several economies including India and China. Moreover, growing awareness regarding sustainable manufacturing practices along with stringent government regulations on VOC emissions are anticipated to drive product demand from solvent applications over the forecast period.
Growth Factors:
- Increasing demand for healthy and organic foods: The global market for natural fatty acids is expected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the increasing demand for healthy and organic foods, which are perceived as being more nutritious than conventional foods.
- Rising awareness about the health benefits of natural fatty acids: There is a growing awareness among consumers about the health benefits of natural fatty acids, such as improved heart health, reduced inflammation, and better cognitive function. This is driving demand for products that contain these nutrients.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition. They are becoming increasingly popular among consumers due to their potential to improve overall well-being . Natural fatty acids are a key ingredient in many functional food products, thus contributing to the growth of this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Fatty Acids Market Research Report
By Type
N-butanol, 2-ethylhexanol, Isobutanol
By Application
Acetates, Lube Oil Additives, Resins, Solvents, Plasticizers, Others
By Companies
BASF, DowDuPont, Eastman Chemical, ExxonMobil, Arkema, Evonik, Andhra Petrochemicals, Oxea, ZAK, Ineos, BAX Chemicals, Qatar Petroleum, LG Chem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Natural Fatty Acids Market Report Segments:
The global Natural Fatty Acids market is segmented on the basis of:
Types
N-butanol, 2-ethylhexanol, Isobutanol
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Acetates, Lube Oil Additives, Resins, Solvents, Plasticizers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DowDuPont
- Eastman Chemical
- ExxonMobil
- Arkema
- Evonik
- Andhra Petrochemicals
- Oxea
- ZAK
- Ineos
- BAX Chemicals
- Qatar Petroleum
- LG Chem
Highlights of The Natural Fatty Acids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- N-butanol
- 2-ethylhexanol
- Isobutanol
- By Application:
- Acetates
- Lube Oil Additives
- Resins
- Solvents
- Plasticizers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Fatty Acids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural fatty acids are those that occur in foods such as meat, dairy products, and oils.
Some of the key players operating in the natural fatty acids market are BASF, DowDuPont, Eastman Chemical, ExxonMobil, Arkema, Evonik, Andhra Petrochemicals, Oxea, ZAK, Ineos, BAX Chemicals, Qatar Petroleum, LG Chem.
The natural fatty acids market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Fatty Acids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Natural Fatty Acids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Fatty Acids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Natural Fatty Acids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Natural Fatty Acids Market Size & Forecast, 2020-2028
4.5.1 Natural Fatty Acids Market Size and Y-o-Y Growth
4.5.2 Natural Fatty Acids Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 N-butanol
5.2.2 2-ethylhexanol
5.2.3 Isobutanol
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Acetates
6.2.2 Lube Oil Additives
6.2.3 Resins
6.2.4 Solvents
6.2.5 Plasticizers
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Fatty Acids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Natural Fatty Acids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 N-butanol
9.6.2 2-ethylhexanol
9.6.3 Isobutanol
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Acetates
9.10.2 Lube Oil Additives
9.10.3 Resins
9.10.4 Solvents
9.10.5 Plasticizers
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 N-butanol
10.6.2 2-ethylhexanol
10.6.3 Isobutanol
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Acetates
10.10.2 Lube Oil Additives
10.10.3 Resins
10.10.4 Solvents
10.10.5 Plasticizers
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 N-butanol
11.6.2 2-ethylhexanol
11.6.3 Isobutanol
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Acetates
11.10.2 Lube Oil Additives
11.10.3 Resins
11.10.4 Solvents
11.10.5 Plasticizers
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 N-butanol
12.6.2 2-ethylhexanol
12.6.3 Isobutanol
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Acetates
12.10.2 Lube Oil Additives
12.10.3 Resins
12.10.4 Solvents
12.10.5 Plasticizers
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 N-butanol
13.6.2 2-ethylhexanol
13.6.3 Isobutanol
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Acetates
13.10.2 Lube Oil Additives
13.10.3 Resins
13.10.4 Solvents
13.10.5 Plasticizers
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Natural Fatty Acids Market: Competitive Dashboard
14.2 Global Natural Fatty Acids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DowDuPont
14.3.3 Eastman Chemical
14.3.4 ExxonMobil
14.3.5 Arkema
14.3.6 Evonik
14.3.7 Andhra Petrochemicals
14.3.8 Oxea
14.3.9 ZAK
14.3.10 Ineos
14.3.11 BAX Chemicals
14.3.12 Qatar Petroleum
14.3.13 LG Chem
