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Linoleic Acid Market Trends & Analysis with Top Key Players - Eastman Chemical Company, Merck Millipore, BASF, Cayman Chemical
Linoleic Acid
Changing trends for using bio-based products in paints & coatings, adhesives & sealants may favor product demand. Linoleic acid is highly resistant to heat and light which makes it suitable for use in protective coatings. Development of radiation and UV cure technology in paints & coatings will promote product demand in this sector, which is likely to favor linoleic acid market.
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Changes in dietary intake owing to busy lifestyle is likely to increase supplements market due to high nutritional content and easy availability. Growing awareness towards weight management among young generation due to extensive brand campaigns by supplement product industry players and is anticipated to have substantial impact on LA usage in this application, thereby promoting linoleic acid market growth.
Germany linoleic acid market from food & beverage application is anticipated to exceed USD 105 million by 2024. Increasing usage in processed food, supplements, milk products and fats production owing to its functional benefits to treat obesity, heart diseases, and cancer will drive regional product demand. Rising focus on food fortification to increase consumer adoption may act as another contributing factor towards regional industry growth.
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Raw material procurement risk and scarcity owing to dependency on seasonality for production may challenge industry profitability, thereby negatively impacting linoleic acid market price trend. R&D initiatives by various companies to expand LA product offering will enhance its industry growth.
India linoleic acid market from paints & coatings application is observed to surpass USD 70 million in the estimated timeframe. Rising awareness towards negative environmental impacts of conventional coatings will drive linoleic acid usage in automotive, powder and coil coating. Environment conscious consumers inclination for bio-based and organic products supported by increasing demand in construction, automotive sectors, and marine sectors will propel industry growth.
Industry Key Players:
• Eastman Chemical Company
• BASF
• Merck Millipore
• Acme Synthetic
• Cayman Chemical
• Penta Manufacturing
• Caila & Pares
• Univar, Inc.
• Beijing Lys Chemicals
• Synerzine
• S A Pharmachem Pvt. Ltd.
• Sisco Research Laboratories Pvt. Ltd.
• Avantor
Linoleic acid market from cosmetics application may witness strong gains owing to rise in consumer adoption for organic ingredients in their skincare products. They perceive them to be healthier and safer on their skin than petrochemical derived alternatives. It is extensively used in lotions, shampoos, lipstick, along with therapeutic skin formulations for treating eczema, and dryness, thus driving industry growth.
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China LA market from adhesives application will exceed USD 25 million by 2024 owing to its color stability, peel & shear strength and unsaponifiables content. Another major factor determining its utilization are easy & clean removal surfactant. LA being biodegradable, sulphur-less and renewable in nature would drive the market demand further in end-use industries.
Global linoleic acid market share is competitive and moderately consolidated. Major industry participants include Eastman Chemicals, Merch & Millipore, BASF SE, Cayman Chemicals, Caila & Pares, Penta Manufacturing and Acme Synthetic.
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