개요
세계의 합성 지방산 시장은 2023년에 253억 달러에 이르렀고, 2031년에는 409억 달러에 이를 것으로 예측되며, 예측기간 2024년부터 2031년까지 CAGR 5.5%로 성장할 전망입니다.
합성 지방산은 섬유 및 피혁 산업에 있어서 불가결한 것이며, 섬유나 피혁 제품의 염색, 마무리, 유연화 등의 작업에 이용되고 있습니다. 지속가능성과 환경에 대한 관심 증가는 기존공급원을 대체하는 바이오기반 합성 지방산의 연구개발을 촉진하고 있습니다.
합성 지방산 함유 제품에 대한 수요는 고객의 라이프 스타일과 선호도의 변화, 개인의 건강 지향 증가에 추진되고 있습니다. 기업은 시장 수요를 충족시키기 위해 친환경 솔루션을 개발하고 있습니다. 예를 들어, 2021년 BASF SE는 자사의 생화학제품에 대해 REDcert 기준의 인정을 받은 최초의 기업의 하나가 되었습니다.
2022년에는 북미가 세계 합성 지방산 시장의 20% 이상을 차지하는 두 번째 지배 지역이 될 것으로 예상됩니다. 잘 발달한 최종 이용 산업이나 미국에서의 석유 및 가스 탐사의 확대와 같은 요인이 예측 기간 중 시장 확대를 촉진할 것으로 보입니다. 또한 Kraton Corporation, Univar Solutions, Georgia-Pacific Chemicals LLC, Eastman Chemical Company와 같은 중요한 기업이 존재하는 것은 지역 시장에 유익한 잠재력을 제공합니다.
역학
오메가3 사용량 증가
오메가3 지방은 아마씨와 생선과 같은 식품 및 생선 기름과 같은 영양 보조 식품에 포함되어 있습니다. 국민건강 영양조사에 따르면 미국에서는 대부분의 어린이와 성인이 ALA로서 필요한 수준의 오메가3을 섭취하고 있습니다.
오메가3 지방산은 심혈관 질환, 부정맥으로 인한 심장 돌연사, 혈전 위험을 줄입니다. 오메가3 지방산은 옥수수 기름, 잇꽃 기름, 콩기름과 같은 식물성 기름에 많이 포함된 지질입니다. 2019년 8월, 카길은 미국의 오메가3 카놀 개발 승인을 미국 농무부로부터 취득했습니다.
위생제품 수요 증가
지방산은 가정용 세정 분야에서 음이온 계면활성제의 일종입니다. 비누, 세제, 표백제, 클렌저 등 다양한 가정용 세척 제품에 사용됩니다. 라우르산, 미리스틴산, 팔미트산, 스테아르산, 리시놀산, 올레산, 리놀레산, 리놀렌산은 비누나 세제의 배합에 이용되는 지방산의 하나입니다. 천연 허브의 고형 비누의 약 70-85%는 트리글리세라이드 또는 가수분해 지방산으로부터 생성된 지방산의 나트륨염으로 구성되어 있습니다.
지방산은 천연 비누의 성능에 크게 기여하고 완제품 비용을 낮춥니다. 국제 비누, 세제, 유지보수 제품 협회(International Association for Soaps, Detergents and Maintenance Products)에 따르면 유럽의 홈 케어 및 전문 청소 및 위생 부문 시장 규모는 2020년까지 471억 달러에 달한 것으로 평가되고 있다 합니다. 또한 2020년에는 유럽 소비자가 가정용 케어 용품에 370억 달러를 소비한 것으로 평가됩니다.
원재료 가격 변동
톨유, 콩, 코코넛, 팜핵 등 지방산의 생산에 필요한 원재료의 가격이 상승하여 가격 변동의 원인이 되고 있습니다. 자문 회사 Tejimandi에 따르면 천연 유지는 가수분해 또는 지방분해되어 지방산이 된다고 합니다. 농산물 오일의 대부분은 인플레이션 경향이 있습니다. 팜 오일과 팜 지방산 분획의 가격은 계속 성장하고 있습니다. 현재 전년 대비 43-55% 상승하고 있습니다.
코프라와 코코넛 오일은 전월 대비 2%에서 5% 상승했고, 땅콩 기름은 3% 상승했습니다. LMC 인터내셔널에 따르면 원재료는 전체 생산 비용의 80%를 차지합니다. 따라서 운송, 물류, 수요 증가 등과 같은 변동 요인으로 인해 원료 비용은 항상 상승 또는 하강하고 있으며, 모두 지방산 가격에 영향을 미칩니다. 따라서 지방과 같은 원재료 비용의 변동과 상승은 예측 기간 동안 지방산 제조업체에게 큰 도전이 될 가능성이 높습니다.
Overview
Global Synthetic Fatty Acid Market reached US$ 25.3 billion in 2023 and is expected to reach US$ 40.9 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031.
Synthetic fatty acids are essential in the textile and leather industries, where they are utilised in operations such as dyeing, finishing and softening fabrics and leather products. The growing emphasis on sustainability and environmental concerns has prompted further research and development of bio-based synthesised fatty acids as alternatives to traditional sources.
Demand for synthetic fatty acid-containing goods is driven by changing customer lifestyles, preferences and a greater emphasis on personal well-being. Companies are developing environmentally friendly solutions to fulfil market demands. For example, in 2021, BASF SE became one of the first companies accredited to the REDcert criteria for its biochemical goods.
In 2022, North America is expected to hold the second-dominant region in the global synthetic fatty acid market covering over 20% of the market. Factors such as well-developed end-use industries and expanding oil and gas exploration in U.S. will drive market expansion over the forecast period. Furthermore, the presence of significant important players like Kraton Corporation, Univar Solutions, Georgia-Pacific Chemicals LLC and Eastman Chemical Company creates profitable potential for the market in the region.
Dynamics
Rising Usage of Omega-3
Omega 3 fats is found in foods such as flaxseed and fish, as well as nutritional supplements like fish oil. Omega-3's increasing penetration in active pharmaceutical ingredients will help it increase during the projection period. According to the National Health and Nutrition Examination Survey, most children and adults in U.S. consume the required levels of omega-3s as ALA.
Omega-3 fatty acids lessen the risk of cardiovascular illness, sudden cardiac death due to an irregular heart rhythm and blood clots. It is lipids commonly present in vegetable oils such as corn, safflower and soybean oil, among others. In August 2019, Cargill got approval from U.S. Department of Agriculture for the development of omega-3 Canoal in U.S.
Rising Demand of Hygiene Products
Fatty acid are a kind of anionic surfactants in the home care cleaning sector. It is used in various household cleaning products, including soaps, detergents, bleaches and cleansers. Lauric, myristic, palmitic, stearic, ricinoleic, oleic, linoleic and linolenic acids are among the fatty acids utilised in soap and detergent formulations. Approximately 70-85% of natural herbal soap bars consist of sodium salts of fatty acids produced from triglycerides or hydrolyzed fatty acids.
The fatty acids contribute significantly to the performance of natural soap and lower the cost of finished products. As per the International Association for Soaps, Detergents and Maintenance Products, the overall market value of the home care and professional cleaning & hygiene sector in Europe is expected to be US$ 47.1 billion by 2020. It also expected that in 2020, European consumers spend an anticipated US$ 37 billion on household care items.
Volatility in Raw Materials Price
The prices of raw materials required in the production of fatty acids like tall oil, soya, coconut and palm kernel, have risen, causing fluctuations in the pricing. According to Tejimandi, an advice firm, natural fats and oils are broken hydrolytically or lipolytically to form fatty acids. The majority of agricultural oils are on an inflationary trend. Palm oil and palm fatty acid distillate prices have continued to grow. It is now rising 43-55% YoY.
Copra and coconut oil increased by 2% to 5% month on month, while groundnut oil increased by 3%. Based on LMC International, raw materials account for 80% of the overall production cost. As a result, the cost of raw materials is always rising or falling due to variables such as transportation and logistics, rising demand and so on, all of which have an impact on fatty acid prices. Thus, the volatility and increase in costs of raw materials such as oils and fats are likely to create a substantial challenge for the makers of fatty acids over the forecast period.
The global synthetic fatty acid market is segmented based type, application and region.
Rising Focus on Hygiene Drives the Segment Growth
Household and personal care is expected to drive the market demand with a share of about 1/3rd of the global synthetic fatty acid market in 2022. Synthetic fatty acids are important ingredients in the manufacturing of surfactants and detergents used in household cleaning products. The rising awareness of the need of hygiene resulted in a significant increase in demand for household and industrial products. The demand for effective cleaning solutions in homes promotes the demand for synthetic fatty acids.
Furthermore, fatty acids and oils are used in industrial floor cleansers and polishes due to their wetting, emulsifying and cleaning qualities, which serve as a driving factor in market growth. As per an Entrepreneur India article, India's soap industry is made up of roughly 700 companies and earns approximately US$ 17 billion in revenue each year. It will drive the demand for synthetic fatty acids.
Rising Adoption of Cleaning Products in Asia-Pacific
During the forecast period, Asia-Pacific is expected to be the dominant region in global synthetic fatty acid market with over 1/3rd of the market. The presence of developing countries like China, India and others is boosting regional growth. One of the primary reasons driving fatty acid market growth in Asia-Pacific is the presence of a huge population, as well as the increasing use of cleaning goods such as soaps and detergents.
According to an article published by IndianMirror, soap manufacture is one of the most important activities in the Indian FMCG business, accounting for more than half of the consumer goods sector. It further mentions that around 50% of soap manufactured in India is marketed in the rural market. Furthermore, the developing personal care and cosmetics sector in Asia-Pacific is increasing the use of fatty acids over the expected period.
The major global players in the market include Bakrie Group, Desmnet Blsta India Private limited, Ecogreen, Emery Oleochemicals, IOI, Kao Corporation, Oleon, Pacific Olechemicals, Permata Hijau Group and Wilmar.
The pandemic disrupted globally supply chains, hurting raw material availability as well as synthetic fatty acid synthesis. Transportation and logistics restrictions hampered material sourcing and distribution. Various end-user sectors like cosmetics, detergents and pharmaceuticals, were disrupted. Reduced consumer spending, industrial halts and shifts in priorities hampered the demand for items that use synthetic fatty acids.
To keep up with health and safety rules, many manufacturing facilities had to close temporarily or change production schedules. It has an impact on the total production capacity and output of synthetic fatty acids. During the epidemic, there was a greater emphasis on important businesses like healthcare and hygiene. The shift in focus altered the market for specific synthetic fatty acid compounds used in medicines and disinfectants.
Russia-Ukraine War Impact
Russia-Ukraine conflict hampered the supply of raw materials required for synthetic fatty acid manufacturing. For example, disruptions in the availability of petrochemicals or feedstocks have an impact on production. Geopolitical tensions caused interruptions in global supply systems. Synthetic fatty acid makers frequently rely on intricate supply chains for raw materials and distribution. The disturbance in logistics impacted the availability of synthetic fatty acids.
Geopolitical events caused fluctuations in energy prices, affecting the costs of producing synthetic fatty acids. Energy price increases owing to geopolitical tensions had an impact on manufacturers' total cost structure. Governments may impose trade sanctions or regulations in response to geopolitical developments. Such regulations have an impact on the international commerce in synthesized fatty acids.
The global synthetic fatty acid market report would provide approximately 49 tables, 39 figures and 181 pages.
Target Audience 2024
LIST NOT EXHAUSTIVE