Market Overview:
The global normal and specialty fats 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 normal and specialty fats in various applications, such as hot-mix asphalt, cold patch material, road aggregate for unpaved roadways, temporary driveways & roads, new asphalt shingles, energy recovery, interlocking bricks and others. North America is expected to dominate the global normal and specialty fats market during the forecast period owing to the presence of key players in this region. Asia Pacific is projected to be the fastest growing region during the forecast period due to rising demand from countries such as China and India.
Product Definition:
Are lipids that are insoluble in water and soluble in organic solvents. They are composed of glycerol, fatty acids, and cholesterol. Normal fats play an important role in the body by providing energy, insulation, and cushioning organs. They also help to transport fat-soluble vitamins throughout the body.
Specialty Fats: Are a type of lipid that has a specific function within the body. Specialty fats include omega-3 fatty acids and omega-6 fatty acids.
Black:
The global black market for fats and oils is expected to witness significant growth over the forecast period. The major factor that propels its growth includes growing health awareness among consumers across the globe. Additionally, increasing demand for specialty fats such as polyunsaturated fatty acids (PUFAs) in food & beverage industry, pharmaceuticals and nutraceutical sector further fuels the market growth.
Brown:
The Brown Fat Market is expected to witness significant growth over the forecast period. The market is driven by factors such as growing health awareness, changing lifestyle of consumers and increasing demand for natural & organic food products.
Brown fat or brown adipose tissue (BAT) contains a high amount of heat-producing uncoupling proteins (UCPs). Uncoupling means the removal of heat from a reaction or process without any external input of energy.
Application Insights:
The application segment includes hot-mix asphalt, cold patch material, road aggregate for unpaved roads, temporary driveways and roads, new asphalt shingles, energy recovery paving bricks and others. The new asphalt shingles segment is expected to witness the fastest growth over the forecast period owing to its increasing use in residential as well as commercial construction applications.
Road aggregate for unpaved roadways was the largest application of normal and specialty fats in 2015 accounting for over 40% of global consumption. It is extensively used in developing countries where there is a high demand for paving projects due to low cost coupled with easy availability at affordable prices compared to other products such as bituminous mixtures or concrete pavements.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of construction companies that are investing in new construction as well as expansion projects owing to growing demand from end-users such as residential, commercial, industrial and transportation sectors. This is likely to drive product demand over the coming years.
The growth of automotive industry coupled with increasing government spending on infrastructure development in countries such as India, China and Japan is projected to be a key factor driving consumption across Asia Pacific region. In addition, rapid urbanization along with rising population has led to an increase in housing needs which will further boost product demand over the next eight years (2018-2030).
North America emerged as one of the prominent consumers due to presence of numerous manufacturers along with high consumer awareness regarding benefits offered by these products including improved aesthetics, better ride quality and enhanced safety standards among others.
Growth Factors:
- Increasing demand for healthy and functional foods: The global market for healthy and functional foods is projected to grow at a CAGR of 7.4% from 2016 to 2021. This growth can be attributed to the increasing awareness among consumers about the benefits of consuming such foods.
- Rising demand for convenience food products: The growing trend of busy lifestyles has led to an increase in the demand for convenience food products, which are easy to prepare and consume on the go. This is expected to drive the growth of the normal and specialty fats market in coming years.
- Growing popularity of plant-based diets: There is a growing trend among consumers towards plant-based diets, which are considered healthier than traditional meat-based diets. This is likely to boost the demand for normal and specialty fats in coming years as they are essential ingredients in many plant-based dishes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Normal and Specialty Fats Market Research Report
By Type
Black, Brown, Gray, White
By Application
Hot-mix Asphalt, Cold Patch Material, Road Aggregate for Unpaved Roadways, Temporary Driveways & Roads, New Asphalt Shingles, Energy Recovery, Interlocking Bricks, Others
By Companies
CertainTeed, GAF Materials, Oldcastle Materials, Owens Corning, Sinopec, Shell Bitumen, Cherry Companies, Lone Star Paving, Bodean Company
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Normal and Specialty Fats Market Report Segments:
The global Normal and Specialty Fats market is segmented on the basis of:
Types
Black, Brown, Gray, White
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
Hot-mix Asphalt, Cold Patch Material, Road Aggregate for Unpaved Roadways, Temporary Driveways & Roads, New Asphalt Shingles, Energy Recovery, Interlocking Bricks, 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:
- CertainTeed
- GAF Materials
- Oldcastle Materials
- Owens Corning, Sinopec
- Shell Bitumen
- Cherry Companies
- Lone Star Paving
- Bodean Company
Highlights of The Normal and Specialty Fats 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:
- Black
- Brown
- Gray
- White
- By Application:
- Hot-mix Asphalt
- Cold Patch Material
- Road Aggregate for Unpaved Roadways
- Temporary Driveways & Roads
- New Asphalt Shingles
- Energy Recovery
- Interlocking Bricks
- 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 Normal and Specialty Fats 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:
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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?
Normal fats are those that occur in nature and are found in animal-based foods. These fats include saturated, monounsaturated, and polyunsaturated fatty acids. Specialty fats are those that have been created through chemical or biochemical processes. These include trans fatty acids, which can increase the risk of heart disease, and artificial trans fat substitutes like hydrogenated oils.
Some of the major players in the normal and specialty fats market are CertainTeed, GAF Materials, Oldcastle Materials, Owens Corning, Sinopec, Shell Bitumen, Cherry Companies, Lone Star Paving, Bodean Company.
The normal and specialty fats market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Normal and Specialty Fats 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 Normal and Specialty Fats Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Normal and Specialty Fats 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 Normal and Specialty Fats 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 Normal and Specialty Fats Market Size & Forecast, 2020-2028
4.5.1 Normal and Specialty Fats Market Size and Y-o-Y Growth
4.5.2 Normal and Specialty Fats 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 Black
5.2.2 Brown
5.2.3 Gray
5.2.4 White
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 Hot-mix Asphalt
6.2.2 Cold Patch Material
6.2.3 Road Aggregate for Unpaved Roadways
6.2.4 Temporary Driveways & Roads
6.2.5 New Asphalt Shingles
6.2.6 Energy Recovery
6.2.7 Interlocking Bricks
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Normal and Specialty Fats 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 Normal and Specialty Fats 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 Black
9.6.2 Brown
9.6.3 Gray
9.6.4 White
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 Hot-mix Asphalt
9.10.2 Cold Patch Material
9.10.3 Road Aggregate for Unpaved Roadways
9.10.4 Temporary Driveways & Roads
9.10.5 New Asphalt Shingles
9.10.6 Energy Recovery
9.10.7 Interlocking Bricks
9.10.8 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 Black
10.6.2 Brown
10.6.3 Gray
10.6.4 White
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 Hot-mix Asphalt
10.10.2 Cold Patch Material
10.10.3 Road Aggregate for Unpaved Roadways
10.10.4 Temporary Driveways & Roads
10.10.5 New Asphalt Shingles
10.10.6 Energy Recovery
10.10.7 Interlocking Bricks
10.10.8 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 Black
11.6.2 Brown
11.6.3 Gray
11.6.4 White
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 Hot-mix Asphalt
11.10.2 Cold Patch Material
11.10.3 Road Aggregate for Unpaved Roadways
11.10.4 Temporary Driveways & Roads
11.10.5 New Asphalt Shingles
11.10.6 Energy Recovery
11.10.7 Interlocking Bricks
11.10.8 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 Black
12.6.2 Brown
12.6.3 Gray
12.6.4 White
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 Hot-mix Asphalt
12.10.2 Cold Patch Material
12.10.3 Road Aggregate for Unpaved Roadways
12.10.4 Temporary Driveways & Roads
12.10.5 New Asphalt Shingles
12.10.6 Energy Recovery
12.10.7 Interlocking Bricks
12.10.8 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 Black
13.6.2 Brown
13.6.3 Gray
13.6.4 White
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 Hot-mix Asphalt
13.10.2 Cold Patch Material
13.10.3 Road Aggregate for Unpaved Roadways
13.10.4 Temporary Driveways & Roads
13.10.5 New Asphalt Shingles
13.10.6 Energy Recovery
13.10.7 Interlocking Bricks
13.10.8 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 Normal and Specialty Fats Market: Competitive Dashboard
14.2 Global Normal and Specialty Fats Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CertainTeed
14.3.2 GAF Materials
14.3.3 Oldcastle Materials
14.3.4 Owens Corning, Sinopec
14.3.5 Shell Bitumen
14.3.6 Cherry Companies
14.3.7 Lone Star Paving
14.3.8 Bodean Company
