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Capric Acid Market Size, Share, Development by 2024– Top Key players like KLK OLEO,Musim Mas,IOI Oleochemical,Inc.
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Capric acid is a short-chain, saturated acid occurring naturally in palm and coconut oils, as well as certain types of milk. It is used for a variety of industrial and manufacturing processes. Also known as C10 fatty acid and decanoic acid, capric acid is commonly derived from both vegetable and animal sources.
Capric acid is used as a raw material for production of alkyl chlorides for agricultural products, methyl caprylate/caprate, fatty alcohols, acid chlorides, fatty acid isethionates, metallic soaps, fatty acid sarcosinates, imidazolines, fatty amines, caprylic capric triglyceride (MCT oil), polyol esters as lubricant in metal working and emollient in personal care products, oxazolines for paint binder ; Used in herbicide, animal feed, corrosion/rust inhibitors for antifreeze, flotation agents in mining, creams and lotions formulations, plasticizers etc. Daily chemicals is the largest consumption field of capric acid, which consumed about 38.75% in 2018.
Capric acid is mainly produced by palm oil and coconut oil, which are mainly produced in Southeast Asia region. So, global major capric acid suppliers are also based in Southeast Asia. In this report, we mainly research 13 suppliers such as KLK OLEO, Musim Mas, IOI Oleochemical, Permata Hijau Group, Emery Oleochemicals, Pacific Oleochemicals, Wilmar, P&G Chemicals, VVF LLC, Ecogreen Oleochemicals, Bakrie Sumatera Plantations, Kao Chemicals and Temix etc. KLK OLEO is market leader in this industry, which produced 6126 tons capric acid, with a production share of 9.79% in 2018.
Global major production regions include SEA, USA, Europe, China and Japan etc. SEA is the largest production region, whose production increased from 39509 MT in 2014 to 45216 MT in 2018. China and Europe is separately the second and third largest production region, with production share of 9.85% and 8.03% in 2018 separately.
The global Capric Acid market is valued at 230 million US$ in 2018 is expected to reach 290 million US$ by the end of 2025, growing at a CAGR of 2.9% during 2019-2025.
Market Segment by Manufacturers, this report covers
KLK OLEO
Musim Mas
IOI Oleochemical
Permata Hijau Group
Emery Oleochemicals
Pacific Oleochemicals
Wilmar
P&G Chemicals
VVF LLC
Ecogreen Oleochemicals
Bakrie Sumatera Plantations
Kao Chemicals
Temix
Market Segment by Type, covers
Content ≥ 99%
Content below 99%
Market Segment by Applications, can be divided into
Daily Chemicals
Plasticizer
Lubricants
Flavoring and Perfuming Agents
Others
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Related Information:
North America Capric Acid Market Growth 2019-2024
United States Capric Acid Market Growth 2019-2024
Asia-Pacific Capric Acid Market Growth 2019-2024
Europe Capric Acid Market Growth 2019-2024
EMEA Capric Acid Market Growth 2019-2024
Global Capric Acid Market Growth 2019-2024
China Capric Acid Market Growth 2019-2024
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