MARKET OPPORTUNITIES FOR FATTY ESTERS Prepared by: CPL Business Consultants The Manor House, Howbery Park, Wallingford, Oxfordshire, OX10 8BA Tel: +44 1491 822 844, info@cplconsult.com, www.cplconsult.com Dr Robert Harwood Catherine Robinson March 2012
Fatty Esters - contents - i TABLE OF CONTENTS OBJECTIVE... 1 METHOD... 1 PRINCIPAL FINDINGS... 2 GEOGRAPHIC MARKETS... 2 Europe... 3 North America... 4 Asia Pacific... 6 Japan... 7 END-USE MARKETS... 7 Food... 8 Flavour and Fragrance... 9 Gum... 10 Emulsifiers... 10 PERSONAL CARE... 11 Cosmetics... 12 Surfactants... 13 Emolients... 14 Thickeners... 15 FUNCTIONAL FLUIDS... 15 Metal working... 16 OTHER APPLICATIONS... 17 Aerosols... 17 Defoamers... 17 Explosives... 18 Oil slick dispersants... 18 Paint and Coatings... 18 Pharmaceuticals... 19 Plasticisers... 19 PCB Chemicals... 19 Sealants... 20 Polyacrylamide manufacturing... 20 Textile chemicals... 20 COMMENTS FROM CONTACTS... 21 Products... 21 Players... 21 Key Success Factors... 22 Trade Data... 22 CONCLUSIONS... 24 RECOMMENDATIONS... 27 GEOGRAPHIC MARKETS... 28 Europe... 31 USA... 37 Asia-Pacific... 42 Japan... 47 END-USE MARKETS... 50 FOOD AND FLAVOURS... 59 Market... 62 Aromas (Flavour and Fragrance)... 68 Chewing gum plasticisers... 75 Emulsifiers / solvents... 75 Release Agents... 84
Fatty Esters - contents - ii PERSONAL CARE... 84 Emulsifiers... 99 Surfactants... 102 Emollients... 113 Thickeners... 117 Perlising Agents... 119 UV Screening... 119 FUNCTIONAL FLUIDS (LUBRICANTS)... 120 Environmentally Friendly Lubricants... 123 Foundry and Metalworking Fluids... 123 OTHER APPLICATIONS... 129 Aerosols... 130 Anti-foaming Agents... 131 Dewatering Agents... 134 EDPM Manufacture... 134 Explosives... 135 Oil Slick Dispersants... 137 Paints and Coatings... 137 Pharmaceutical Excipients... 141 Plasticisers for Plastics & Rubbers... 143 Printed Circuit Boards... 145 PVDF Manufacture... 146 Sewerage Sealants... 148 Soil conditioning / consolidation... 150 Textiles & Leather... 152 Wastewater treatment... 156 PRODUCT TYPES... 159 Sorbitan Esters... 159 Polysorbates... 159 Polyglycerol Esters... 160 Ricinoleate Esters... 160 PEG Esters... 160 Formate Esters... 160 MAIN PRODUCTS... 161 12 PRODUCTS AND MAIN PLAYERS... 161 TRADE DATA... 287 UK TRADE DATA... 287 Summary... 287 US TRADE DATA... 306 Summary... 306 CONTACTS... 381 SUMMARY... 381 Geographic Markets... 381 End Uses... 381 Products... 382 Players... 382 Key Success Factors... 383 CONTACT REPORTS... 384 13 contacts... 384 NEWS... 394 6 news articles... 394
Fatty Esters - contents - iii TABLES TABLE 1 FATTY ESTERS MARKET BY GEOGRAPHY, 2007-2015 ($M)... 28 TABLE 2 HISTORIC FATTY ESTER MARKET BY GEOGRAPHY, 2000-2006 ($M)... 28 TABLE 3 HISTORIC AND FUTURE FATTY ESTER MARKET BY GEOGRAPHY (% GLOBAL MARKET)... 28 TABLE 4 SPECIALTY FATTY ESTER MARKET BY GEOGRAPHY, 2007-2015 ($M)... 29 TABLE 5 HISTORIC SPECIALTY FATTY ESTER MARKET BY GEOGRAPHY, 2000-2006 ($M)... 29 TABLE 6 HISTORIC AND FUTURE SPECIALTY FATTY ESTER MARKET BY GEOGRAPHY (% GLOBAL MARKET)... 30 TABLE 7 COMPARISON BETWEEN REGIONAL FATTY ESTER MARKETS... 30 TABLE 8 ESTIMATED FATTY ESTER END-USER COMPARISON FOR ASIA-PACIFIC, EUROPEAN AND NORTH AMERICA, 2012 (% BY COUNTRY)... 31 TABLE 9 EUROPEAN FATTY ESTERS MARKET BY PRODUCT, 2007-2015 ($M)... 31 TABLE 10 EUROPEAN HISTORIC FATTY ESTERS MARKET BY PRODUCT, 2000-2006 ($M)... 32 TABLE 11 EUROPEAN HISTORIC AND FUTURE FATTY ESTERS MARKET BY PRODUCT (% GLOBAL MARKET)... 32 TABLE 12 ESTIMATED MARKET SHARE FOR FATTY ESTERS IN EUROPE BY CHEMISTRY, 2010... 33 TABLE 13 EUROPEAN FATTY ESTERS MARKET BY END-USE, 2007-2015 ($M)... 33 TABLE 14 EUROPEAN HISTORIC FATTY ESTERS MARKET BY END-USE, 2000-2006 ($M)... 34 TABLE 15 EUROPEAN HISTORIC AND FUTURE FATTY ESTERS MARKET BY END-USE (% GLOBAL MARKET... 34 TABLE 16 US FATTY ESTERS MARKET BY PRODUCT, 2007-2015 ($M)... 38 TABLE 17 US HISTORIC FATTY ESTERS MARKET BY PRODUCT, 2000-2006 ($M)... 38 TABLE 18 US HISTORIC AND FUTURE FATTY ESTERS MARKET BY PRODUCT (% GLOBAL MARKET)... 38 TABLE 19 ESTIMATED MARKET SHARE FOR FATTY ESTERS IN THE US BY CHEMISTRY, 2010... 39 TABLE 20 US FATTY ESTERS MARKET BY END-USE, 2007-2015 ($M)... 39 TABLE 21 US HISTORIC FATTY ESTERS MARKET BY END-USE, 2000-2006 ($M)... 40 TABLE 22 US HISTORIC AND FUTURE FATTY ESTERS MARKET BY END-USE (% GLOBAL MARKET)... 40 TABLE 23 ASIA PACIFIC ESTERS MARKET BY PRODUCT, 2007-2015 ($M)... 43 TABLE 24 ASIA PACIFIC HISTORIC FATTY ESTERS MARKET BY PRODUCT, 2000-2006 ($M)... 43 TABLE 25 ASIA PACIFIC HISTORIC AND FUTURE FATTY ESTERS MARKET BY PRODUCT (% GLOBAL MARKET)... 44 TABLE 26 ASIA PACIFIC FATTY ESTERS MARKET BY END-USE, 2007-2015 ($M)... 44 TABLE 27 ASIA PACIFIC HISTORIC FATTY ESTERS MARKET BY END-USE, 2000-2006 ($M)... 44 TABLE 28 ASIA PACIFIC HISTORIC AND FUTURE FATTY ESTERS MARKET BY END-USE (% GLOBAL MARKET)... 45 TABLE 29 JAPAN FATTY ESTERS MARKET BY PRODUCT, 2007-2015 ($M)... 47 TABLE 30 JAPAN HISTORIC FATTY ESTERS MARKET BY PRODUCT, 2000-2006 ($M)... 47 TABLE 31 JAPAN HISTORIC AND FUTURE FATTY ESTERS MARKET BY PRODUCT (% GLOBAL MARKET)... 47 TABLE 32 JAPAN FATTY ESTERS MARKET BY END-USE, 2007-2015 ($M)... 48 TABLE 33 JAPAN HISTORIC FATTY ESTERS MARKET BY END-USE, 2000-2006 ($M)... 48 TABLE 34 JAPAN HISTORIC AND FUTURE FATTY ESTERS MARKET BY END-USE (% GLOBAL MARKET)... 48 TABLE 35 ESTIMATED BREAKDOWN OF THE JAPANESE FATTY ESTER MARKET... 49 TABLE 36 ESTIMATED FATTY ESTER END-USER COMPARISON FOR ASIA-PACIFIC, EUROPEAN AND NORTH AMERICA, 2012 (% BY COUNTRY)... 50 TABLE 37 ESTIMATED FATTY ESTER END-USER COMPARISON FOR ASIA-PACIFIC, EUROPEAN AND NORTH AMERICA, 2012 (% BY USE)... 50 TABLE 38 ESTIMATED FATTY ESTER END-USER COMPARISON FOR ASIA-PACIFIC, EUROPEAN AND NORTH AMERICA, 2012 ($M)... 51 TABLE 39 FATTY ESTER END-USER COMPARISON FOR ASIA-PACIFIC, EUROPEAN AND NORTH AMERICA (%)... 51 TABLE 40 GLOBAL FATTY ACID MARKET BY END USE AND AREA, 2012 ($M)... 52 TABLE 41 GLOBAL FATTY ACID MARKET BY END USE AND AREA, 2012 (CAGR)... 52 TABLE 42 GLOBAL FATTY ACID MARKET BY END USE AND AREA, 2012 (DEVELOPMENT, $M)... 52 TABLE 43 EUROPEAN FATTY ACID MARKET BY END USE AND AREA, 2012 ($M)... 53 TABLE 44 EUROPEAN FATTY ACID MARKET BY END USE AND AREA, 2012 (CAGR)... 53 TABLE 45 EUROPEAN FATTY ACID MARKET BY END USE AND AREA, 2012 (DEVELOPMENT, $M)... 54 TABLE 46 APPLICATIONS AREAS FOR COMPANY X S PRODUCTS... 54 TABLE 47 VALUE AND GROWTH OF MAIN END-USER MARKETS... 56 TABLE 48 FATTY ESTERS CONSUMPTION IN FOOD BY GEOGRAPHY, 2007-2015 ($M)... 59
Fatty Esters - contents - iv TABLE 49 HISTORIC FATTY ESTERS CONSUMPTION IN FOOD BY GEOGRAPHY, 2000-2006 ($M)... 59 TABLE 50 HISTORIC AND FUTURE FATTY ESTERS IN CONSUMPTION IN FOOD BY GEOGRAPHY (% GLOBAL MARKET)... 60 TABLE 51 THE FOOD ADDITIVE VALUE CHAIN... 65 TABLE 52 FLAVOUR & FRAGRANCE INDUSTRY LEADERS 2010... 69 TABLE 53 US FOOD EMULSIFIERS COMPANIES... 81 TABLE 54 FOOD EMULSIFIER COMPANIES IN WESTERN EUROPE AND JAPAN... 83 TABLE 55 EMULSIFIERS IN THE EU, % SHARE BY COMPANY AND PRODUCT, 2007... 83 TABLE 56 MARKET SHARES OF EU EMULSIFIER COMPANIES (%), 2007... 84 TABLE 57 PERSONAL CARE INGREDIENTS BY CATEGORY, 2010... 85 TABLE 58 FATTY ESTERS CONSUMPTION IN PERSONAL CARE & COSMETICS BY GEOGRAPHY, 2007-2015 ($M)... 86 TABLE 59 HISTORIC FATTY ESTERS CONSUMPTION IN PERSONAL CARE & COSMETICS BY GEOGRAPHY, 2000-2006 ($M)... 86 TABLE 60 HISTORIC AND FUTURE FATTY ESTERS CONSUMPTION IN PERSONAL CARE & COSMETICS BY GEOGRAPHY (% GLOBAL MARKET)... 86 TABLE 61 US VOLUME OF PERSONAL CARE INGREDIENTS BY CATEGORY... 88 TABLE 62 MAJOR PERSONAL CARE INGREDIENT MANUFACTURERS... 92 TABLE 63 PERSONAL CARE INGREDIENTS BY GLOBAL GROWTH RATE... 95 TABLE 64 WORLD RETAIL SALES OF COSMETICS BY COUNTRY (% VALUE), 2009... 96 TABLE 65 CONSUMPTION OF COSMETIC CHEMICALS BY TYPE, 2009 (% VOLUME)... 98 TABLE 66 EUROPEAN EMULSIFIERS MARKET (% SHARE BY COMPANY)... 101 TABLE 67 CONSUMPTION OF SURFACTANTS BY MARKET 2009... 103 TABLE 68 PERSONAL CARE EMOLLIENT MARKET VALUE BY REGION, 2012... 113 TABLE 69 PERSONAL CARE ESTERS EMOLLIENT MARKET VALUE BY REGION, 2012... 114 TABLE 70 FATTY ESTERS IN PERSONAL CARE AND COSMETICS, 2012... 115 TABLE 71 PERSONAL CARE THICKENERS MARKET, 2012... 118 TABLE 72 PERSONAL CARE ESTER ETHOXYLATE THICKENERS MARKET, 2012... 118 TABLE 73 FATTY ESTERS CONSUMPTION IN FUNCTIONAL FLUIDS BY GEOGRAPHY, 2007-2015 ($M)... 120 TABLE 74 HISTORIC FATTY ESTERS CONSUMPTION IN FUNCTIONAL FLUIDS BY GEOGRAPHY, 2000-2006 ($M)... 121 TABLE 75 HISTORIC AND FUTURE FATTY ESTERS CONSUMPTION IN FUNCTIONAL FLUIDS BY GEOGRAPHY (% GLOBAL MARKET)... 121 TABLE 76 TYPE OF METAL WORKING FLUIDS BY USE... 125 TABLE 77 FORGING STRUCTURAL PROFILE, EU-27, 2006... 125 TABLE 78 DEVELOPMENT OF INDUSTRIAL STEEL PRODUCTION BY SECTOR 2011-2013... 126 TABLE 79 FOUNDRY PRODUCTION IN EUROPE 2006-2010... 127 TABLE 80 US METAL WORKING FLUIDS MARKET BY USE, 2012... 128 TABLE 81 US SOLUBLE METAL WORKING FLUIDS, BY USE, 2012... 128 TABLE 82 US SEMI-SYNTHETIC METAL WORKING FLUIDS, BY USE, 2012... 129 TABLE 83 FATTY ESTERS CONSUMPTION IN OTHER USES BY GEOGRAPHY, 2007-2015 ($M)... 129 TABLE 84 HISTORIC FATTY ESTERS CONSUMPTION IN OTHER USES BY GEOGRAPHY, 2000-2006 ($M). 130 TABLE 85 HISTORIC AND FUTURE FATTY ESTERS CONSUMPTION IN OTHER USES BY GEOGRAPHY (% GLOBAL MARKET)... 130 TABLE 86 GLOBAL EPDM CAPACITY, KT P.A. (2005)... 135 TABLE 87 ANNUAL QUANTITY OF OIL SPILT FROM TANKERS, 2001-2011... 137 TABLE 88 GLOBAL EXCIPIENTS MARKET, 2011... 142 TABLE 89 GLOBAL EXCIPIENT MARKET BY EXCIPIENT TYPE, 2006... 142 TABLE 90 GLOBAL ADHESIVES AND SEALANTS MARKET VALUE BY SEGMENT... 148 TABLE 91 US ACRYLAMIDE CAPACITY... 151 TABLE 92 ESTIMATED MARKET SIZES OF POLYSORBATES (TWEEN)... 159 TABLE 93 TARIFF CODES USED FOR UK TRADE DATA SEARCH... 287 TABLE 94 SUMMARY OF UK EXPORTS 2011... 288 TABLE 95 UK WORLD TRADE DATA FOR 29151200... 289 TABLE 96 UK WORLD TRADE DATA FOR 29153900... 291 TABLE 97 UK WORLD TRADE DATA FOR 29157000... 294 TABLE 98 UK WORLD TRADE DATA FOR 29159000... 296 TABLE 99 UK WORLD TRADE DATA FOR 29161500... 299 TABLE 100 UK WORLD TRADE DATA FOR 34021300... 301 TABLE 101 UK WORLD TRADE DATA FOR 29181998... 304
Fatty Esters - contents - v TABLE 102 US CUSTOMS DATA, PRODUCTS AND SUPPLIERS OR LOGISTICS COMPANY... 306 TABLE 103 US CUSTOMS DATA FOR DIACITIN 2011-2012... 311 TABLE 104 US CUSTOMS DATA FOR ETHYLDIGLYCOL ACETATE 2011-2012... 312 TABLE 105 US CUSTOMS DATA FOR ETHYLENE GLYCOL DIACETATE 2011-2012... 314 TABLE 106 US CUSTOMS DATA FOR PROPYLENE GLYCOL DIACETATE 2007-2010... 319 TABLE 107 US CUSTOMS DATA FOR SORBITAN MONOLAURATE 2007-2011... 324 TABLE 108 US CUSTOMS DATA FOR SORBITAN MONOOLEATE 2007-2011... 340 TABLE 109 US CUSTOMS DATA FOR TRIACITIN 2011... 359 TABLE 110 HTS 3402132020, US IMPORTS FOR CONSUMPTION... 372 TABLE 111 HTS 3402131000, US IMPORTS FOR CONSUMPTION... 374 TABLE 112 HTS CODES USED FOR US CUSTOMS DATABASE SEARCH... 375 TABLE 113 US IMPORTS FROM ALL COUNTRIES, 2011... 377 TABLE 114 US IMPORTS FROM UK, 2011... 379 TABLE 115 US IMPORTS FROM CHINA, 2011... 380 TABLE 116 COMPANY X S PRODUCTS AND CAPACITY... 390 TABLE 117 COMPANY X S OVERSEAS SALES... 390 FIGURES FIGURE 1 CONSUMPTION OF FOOD ADDITIVES IN NA, WE JAPAN AND CHINA, 2010... 62 FIGURE 2 FOOD ADDITIVES MARKET VALUE BY REGION... 63 FIGURE 3 FOOD ADDITIVES MARKET VALUE BY PRODUCT... 63 FIGURE 4 SUPPLY CHAIN IN THE FOOD ADDITIVES BUSINESS... 64 FIGURE 5 FIVE FORCES FOR FOOD ADDITIVES BUSINESS... 66 FIGURE 6 FLAVOURS AND FRAGRANCES MARKET VALUE BY REGION... 69 FIGURE 7 SUPPLY CHAIN IN FLAVOURS AND FRAGRANCES... 70 FIGURE 8 FIVE FORCES ANALYSIS FOR FLAVOURS AND FRAGRANCES... 73 FIGURE 9 FOOD EMULSIFIERS MARKET BY REGION... 79 FIGURE 10 PERSONAL CARE MARKET BY REGION... 87 FIGURE 11 PERSONAL CARE SUPPLY CHAIN... 89 FIGURE 12 FIVE FORCES ANALYSIS FOR PERSONAL CARE... 93 FIGURE 13 PERSONAL CARE PRODUCT GROUPS... 94 FIGURE 14 PERSONAL CARE PRODUCT RANKINGS... 95 FIGURE 15 WORLD RETAIL SALES OF COSMETICS BY COUNTRY, 2009... 96 FIGURE 16 NATURAL COSMETICS MARKET IN EUROPE, 2010... 97 FIGURE 17 CONSUMPTION OF COSMETIC CHEMICALS BY TYPE, 2009... 98 FIGURE 18 CONSUMPTION OF SURFACTANTS BY MARKET (%), 2009... 103 FIGURE 19 CONSUMPTION OF SURFACTANTS FOR HOUSEHOLD DETERGENTS, 2009... 105 FIGURE 20 CONSUMPTION OF SURFACTANT BY VALUE IN NORTH AMERICA... 106 FIGURE 21 NON-IONIC SURFACTANT CONSUMPTION BY VOLUME IN NORTH AMERICA... 107 FIGURE 22 CONSUMPTION OF SURFACTANTS BY VALUE IN WE... 108 FIGURE 23 NON-IONIC SURFACTANT CONSUMPTION BY VOLUME IN WE... 108 FIGURE 24 CATIONIC SURFACTANTS CONSUMPTION BY VOLUME IN WE... 109 FIGURE 25 CONSUMPTION OF SURFACTANTS BY VALUE IN JAPAN/ASIA... 111 FIGURE 26 NON-IONIC SURFACTANT CONSUMPTION BY VOLUME IN JAPAN/ASIA... 111 FIGURE 27 CATIONIC SURFACTANT CONSUMPTION BY VOLUME IN JAPAN/ASIA... 112 FIGURE 28 PERSONAL CARE EMOLLIENT MARKET BY COMPOUND... 114 FIGURE 29 EMOLLIENT MARKET BY VOLUME AND VALUE... 115 FIGURE 30 EMOLLIENT MARKET BY MANUFACTURER... 116 FIGURE 31 GLOBAL CONSUMPTION OF SYNTHETIC LUBRICANT BASE STOCKS... 123 FIGURE 32 PRODUCTION INDEX FOR WORKED METAL PRODUCTS EU-27 1997-2007... 126 FIGURE 33 WORLDWIDE PRODUCTION OF ALUMINIUM AEROSOL CANS 2006-2011... 131 FIGURE 34 GLOBAL CONSUMPTION OF WATER MANAGEMENT CHEMICALS... 132 FIGURE 35 WORLD CONSUMPTION OF EXPLOSIVES... 136 FIGURE 36 GLOBAL PRODUCTION OF PAINTS AND COATINGS 2011... 138 FIGURE 37 GLOBAL CONSUMPTION OF E-SERIES GLYCOL ETHERS... 140 FIGURE 38 GLOBAL CONSUMPTION OF E-SERIES GLYCOL ETHERS... 140 FIGURE 39 GLOBAL COIL COATINGS DEMAND GROWTH TO 2016... 141
Fatty Esters - contents - vi FIGURE 40 GLOBAL CONSUMPTION OF PLASTICISERS... 144 FIGURE 41 GLOBAL CONSUMPTION OF PCB CHEMICALS AND MATERIALS... 145 FIGURE 42 FLUOROPOLYMERS MARKET SHARE BY GEOGRAPHY... 147 FIGURE 43 GLOBAL CONSUMPTION OF FLUOROPOLYMERS... 147 FIGURE 44 GLOBAL MARKET FOR ADHESIVES AND SEALANTS BY PRODUCT TYPE... 149 FIGURE 45 GLOBAL ADHESIVES MARKET REVENUE BY APPLICATION... 149 FIGURE 46 GLOBAL SEALANTS MARKET REVENUE BY APPLICATION... 150 FIGURE 47 GLOBAL CONSUMPTION OF ACRYLAMIDE... 152 FIGURE 48 GLOBAL CONSUMPTION OF TEXTILE CHEMICALS... 153 FIGURE 49 GLOBAL CONSUMPTION OF SYNTHETIC DYES... 154 FIGURE 50 GLOBAL CONSUMPTION OF URETHANE SURFACE COATINGS... 156 FIGURE 51 SPECIALTY WATER MANAGEMENT CHEMICALS BY END USE... 157