How Has the Chlorinated Fatty Acid Methyl Ester Market Size Evolved in Recent Years?
The chlorinated fatty acid methyl ester market has seen considerable growth due to a variety of factors.
• There has been robust growth in the market size of chlorinated fatty acid methyl ester in recent years. The market which stood at $26.26 billion in 2024 is predicted to rise to $28.27 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%.
This substantial growth during the historical period is credited to the escalating demand for bio-based chemicals, increased usage in agrochemicals and pesticides, heightened awareness towards environmental sustainability, industrial application expansion, and a trend towards eco-friendly products among consumers.
What are the Market Size and Expected Growth Rates for the Chlorinated Fatty Acid Methyl Ester Market Size Evolve over the Forecast Period?
The chlorinated fatty acid methyl ester market is expected to maintain its strong growth trajectory in upcoming years.
• The market for chlorinated fatty acid methyl ester is projected to exhibit significant growth over the next few years, swelling to a size of $37.55 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%.
The expansion during the predicted period can be credited to factors such as the rising adoption of renewable energy applications, heightened attention to sustainable agriculture methods, increased demand for bio-based solvents, growing requirements from emerging economies, and amplified use in water treatment applications. The forecast period also anticipates advancements such as improved chlorination techniques, novel production methods, the creation of innovative formulations, a shift towards versatile chemical products, and the design of tailor-made solutions to meet the demands of specific industries.
What Are the Critical Driver Fuelling The Chlorinated Fatty Acid Methyl Ester Market's Growth?
The expanding interest in personal care products is anticipated to stimulate the chlorinated fatty acid methyl ester market's development in the future. Personal care items such as skincare, haircare, and oral care products, which are used for individual cleanliness, grooming, and beauty care, are witnessing a surge in demand due to heightened consumer knowledge about self-care, beauty, and hygiene. Personal care products utilize chlorinated fatty acid methyl ester to boost their emollient attributes, thus enhancing moisture retention, texture, and skin conditioning. To illustrate, a report by the British Beauty Council, a UK-based beauty professionals collective, showed in July 2024 that the personal care sector's contribution to the GDP was £27.2 billion ($30.44 billion) in 2023, marking an 11% increase from 2022. This surge is credited to a 10% uplift in household expenditure on personal care items and services in the UK. Hence, the escalated demand for personal care products is set to fuel the growth of the chlorinated fatty acid methyl ester market.
What Are The Key Segments Within The Global Chlorinated Fatty Acid Methyl Ester Market?
The chlorinated fatty acid methyl ester market covered in this report is segmented –
1) By Type: Vegetable Oils Based, Waste Cooking Oils Based, Animal Fats Based, Other Types
2) By Application: Polyvinyl chloride (PVC) Floor And Wallpaper, Polyvinyl chloride (PVC) Artificial Leather, Polyvinyl chloride (PVC) Toys, Polyvinyl chloride (PVC) Cable Materials, Other Applications
3) By End User: Agricultural Sector, Healthcare And Pharmaceuticals, Cosmetics And Personal Care, Food Processing, Chemical Manufacturing
Subsegments:
1) By Vegetable Oils Based: Palm Oil-Based Chlorinated Fatty Acid Methyl Ester, Soybean Oil-Based Chlorinated Fatty Acid Methyl Ester, Canola Oil-Based Chlorinated Fatty Acid Methyl Ester
2) By Waste Cooking Oils Based: Used Vegetable Oil-Based Chlorinated Fatty Acid Methyl Ester, Recycled Cooking Oils-Based Chlorinated Fatty Acid Methyl Ester
3) By Animal Fats Based: Tallow-Based Chlorinated Fatty Acid Methyl Ester, Lard-Based Chlorinated Fatty Acid Methyl Ester
4) By Other Types: Mixed Fatty Acids-Based Chlorinated Fatty Acid Methyl Ester, Synthetic Fatty Acids-Based Chlorinated Fatty Acid Methyl Ester
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How Are New Trends Impacting The Size Of The Chlorinated Fatty Acid Methyl Ester Market?
Leading organizations in the chlorinated fatty acid methyl ester industry are broadening their infrastructure with the aim of strengthening their market position. This expansion not only enables a rise in CFAME production to accommodate growing demands from sectors such as pharmaceuticals, agriculture, and manufacturing, but it also encourages the adoption of cutting-edge production technologies, heightens the quality of products, and diminishes costs through business efficiency. As an illustration, in July 2024, Kuala Lumpur Kepong Bhd, an oleochemical manufacturer situated in Malaysia, opened a high-purity fatty acid and glycerin facility in China. The scale-up enhances the plant’s annual processing power to 500,000 metric tons. Nestled on 58 acres in a level-three city about 130 km away from Shanghai, the oleochemical plant is under the ownership and management of KLK’s Taiko Palm-Oleo (Zhangjiagang) Co. Ltd. (TPOZ). This progression secures TPOZ's rank amongst the biggest and most technologically advanced oleochemical production companies in China.
Who Are the Key Players In The Chlorinated Fatty Acid Methyl Ester Market?
Major companies operating in the chlorinated fatty acid methyl ester market are:
• Cargill Incorporated
• BASF SE
• Wilmar International Limited
• Dow Chemical Company
• Sasol Limited
• Johnson Matthey
• Eastman Chemical Company
• Kuala Lumpur Kepong Berhad (KLK)
• Clariant AG
• Solvay SA
• Innospec Inc.
• Vantage Specialty Chemicals
• Zhejiang Jiaao Enprotech Stock Co. Ltd.
• Miwon Specialty Chemical Co. Ltd.
• Trecora Resources
• Chemoxy International
• Tianjin Yisheng Chemical Co. Ltd.
• Acme Synthetic Chemicals
• Shanghai Fine Chemical Co. Ltd.
• Gulbrandsen
What Are The Regional Insights Into The Chlorinated Fatty Acid Methyl Ester Market?
North America was the largest region in the chlorinated fatty acid methyl ester market in 2024. The regions covered in the chlorinated fatty acid methyl ester market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
