Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Key Players by 2024: Wilmar International, Musim Mas Holdings, KLK Oleo, P&G, Kao Corporation, Pacific Oleochemicals, Emery Oleochemicals, OLEON, United Coconut Chemicals, Chemical Associate

Palm kernel oil and coconut oil based natural fatty acids market is poised to surpass a revenue of USD 8 billion with a substantial annual growth rate of 4.5% over the period of 2016-2024.

Global surfactant demand for detergents used in residential or industrial cleaning will boost the global palm kernel oil and coconut oil based natural fatty acids market in the near future. Increasing use of lauric acid based hydrophobes in surfactants will influence the global market positively. Regulations regarding industrial and workplace cleanliness, coupled with the growing number of industries all around the globe will signify the surfactants demand throughout the considered forecast span. Surfactants industry was worth beyond USD 30 billion in 2015 with an estimated growth at a moderate rate from 2016 to 2024.

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Growing concerns regarding the harmful side effects of chemicals present in cosmetics and toiletries will also play a major role in promoting the palm kernel oil and coconut oil based natural fatty acids market throughout the forecast span. Rising awareness about the benefits of naturally derived cosmetic and personal care products will strengthen the market throughout the forecast span. Moreover, increasing number of concept retail stores and showrooms, along with rising demand from departmental stores, beauty product stores, spas, salons, etc. will drive the demand in coming years.

Palm kernel oil and coconut oil based natural fatty acids market encompasses personal care sector as one of the most potential end-user segments. A paradigm shift in the consumer trend of preferring natural beauty products over artificial chemical counterparts is promoting the product demand in personal care industries. The increasing awareness about the benefits of using natural oil based fatty acids in skin and hair products has positively influenced the market from the growth perspective. Palm kernel oil and coconut oil based natural fatty acids industry from personal care segment had already collected a billion-dollar industry share (USD 1 billion) in 2015, and is slated to grow considerably at an annual rate of 5% over the coming seven years. The economically privileged population pool with increasing spending capacities is expected to majorly drive the market.

The massive usage of natural fatty acids in soaps and detergents is also allowing palm kernel oil and coconut oil based natural fatty acids market to collect substantial revenue from this sector. The high demand for natural oil fatty acid based cleaners in domestic and industrial arenas has led the detergents application to gain remarkable popularity. Palm kernel oil and coconut oil based natural fatty acids industry from this sector covered more than 30% of the total volume in 2015, and is anticipated to remain one of the prominent applications stimulating the overall industry share. Furthermore, strict governmental norms related to industrial cleanliness is expected to increase palm kernel oil and coconut oil based natural fatty acids market demand significantly in the detergent sector.

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Asia Pacific will dominate palm kernel oil and coconut oil based natural fatty acids market owing to concentration of raw material production in South East Asian countries such as Philippines, Indonesia, India, and Vietnam. The region also has several oleochemical manufacturing industries for development of the end products. Asia Pacific region recorded more than half of the overall global palm kernel oil and coconut oil based natural fatty acids market.

North America has an extremely volatile raw material price trend, making the region slow growing in the near future. High demand for organic personal care products in developed countries of Europe may have a positive impact on the palm kernel oil and coconut oil based natural fatty acids market.

Browse key industry insights spread across 105 pages with 89 market data tables & 11 figures & charts from the report, “Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Size by End-user (Detergents, Personal Care, Plastics, Rubber), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/palm-kernel-oil-and-coconut-oil-based-natural-fatty-acids-market

Wilmar International, Musim Mas Holdings, KLK Oleo, P&G, Kao Corporation, Pacific Oleochemicals, Emery Oleochemicals, OLEON, United Coconut Chemicals, Chemical Associates Inc., VVF LLC, Vantage Specialty Chemicals, Twin Rivers Technologies, and. Philippine International are the important market players.

Palm kernel oil and coconut oil based natural fatty acids market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market By End-User
• Detergents
• Personal Care
• Plastics
• Rubber
• Others
The above information is provided on a regional and country basis for the following:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
o Indonesia

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