Due to the rising public awareness about bio-lubricants and their numerous advantages over the conventionally used petroleum based lubricants, the demand for fatty acid esters is expected to observe substantial growth in the coming years. There has been a considerable rise in the usage of fatty acid esters as lubricant additives in metal-cutting, automotive, and hydraulic applications, since the last few years, owing to their excellent lubricity and the ability to provide a less toxic and cleaner work environment as compared to the petroleum-based lubricants.


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The other major factors fuelling the surge in the demand for fatty acid esters are the rising concerns over the pollution caused due to the widespread use of fossil fuels and the depletion of these fuels and the lower costs of these esters than the conventional ones, owing to the abundant availability of the raw materials used for the production of these esters such as coconut oil, animal fats, soy oil, and plant oils.

Owing to the above-mentioned factors, the global fatty acid esters market is expected to witness its valuation increase from $2,240.9 million in 2019 to $3,688.9 million by 2030 and demonstrate a CAGR of 4.6% during 2020–2030 (forecast period). Fatty acid esters are used in personal care and cosmetic products, lubricants, food additives, and industrial solvents and additives. Amongst these, the fastest growth in the utilization of fatty acid esters is expected to be registered in the production of personal care and cosmetic products in the near future, due to the growing demand for organic cosmetics and rising spending on enhancing one's appearance.

The biggest trend currently in the fatty acid esters market is the rising preference for tallow-based fatty acid esters. Since the last few years, there has been a dramatic shift by many companies and manufacturing organizations toward the use of tallow-based fatty acid esters from the oil-based fatty acid esters. This is primarily attributed to the availability of lower cost tallow, especially in Europe and North America. Moreover, the tallow-based fatty acid esters have the ability to perform excellently at low temperatures, which makes them highly useful for use in lubricant additives.

The Asia-Pacific (APAC) region is predicted to record the highest growth in the usage of fatty acid esters in the years to come. This is mainly ascribed to the thriving personal care sector in the various APAC countries such as Indonesia, Malaysia, and India and soaring usage of fatty acid esters in various personal care applications such as body lotions, skin care products, moisturizers, and face creams. In addition to this, the cosmetic industry is flourishing in the APAC region, which is further powering the rising demand for fatty acid esters in the region.

Thus, owing to the rising need for environment-friendly lubricants and the booming personal care and cosmetic industry, the demand for fatty acid esters will increase tremendously in the coming years.