Lauric Acid Market 2016 - Business Size, Strategies, Complete Analysis of Key Players, and Emerging Trends 2016-2028

A report published by Quince Market Insights shows that in the coming years, the Lauric Acid market is expected to rise steadily as economies thrive. The research report provides a comprehensive review of the global market. Analysts identified the key drivers and constraints in the market. The report studies historical milestones and emerging trends in the global Lauric Acid market. A comparison of the two allowed the analysts to draw a potential trajectory for the forecast period of the global Lauric Acid market.

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According to the report the Lauric Acid Market is expected to promise high growth due to the growth of the pharmaceutical sector in recent years. Increasing demand from applications including coating, household chemical, pharmaceuticals, personal care, and others is expected to drive the growth of the market.

Lauric acid is a saturated fatty acid that is considered to have strong energy stores. These are usually found in coconut and palm kernel oils and are therefore naturally derived. It has been used for many medicinal purposes, for example in weight loss therapy, Alzheimer's, recurrent viral flu, etc. Major industries that use lauric acid are mainly pharmaceuticals, personal care, coatings, and household chemicals industries.

The significant driving factors of the market during the forecast period are- increased demand for personal care products, increased use of animal feed additives and increasing disposable income of individuals. In addition, rising people's living standards are a factor that is likely to create numerous opportunities in the near future.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. VVF LLC
2. Acme-Hardesty
3. Sensnutrition
4. Acme Chem
5. Parchem fine & specialty chemicals
6. Timur OleoChemicals
7. Volac Wilmar Feed Ingredients Limited.

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Segment Analysis:

Global lauric acid market has been segmented based on type (>= 99% lauric acid, 98-99% lauric acid, 70-75% lauric acid), application (coating, household chemical, pharmaceuticals, personal care and others) and region.

Personal care application segment is projected to dominate the lauric acid market in terms of consumption and revenue as lauric acid is widely used in personal care products such as facial cleansers, body washes, shower gels, and shampoos and others. Lauric acid is also used in the formulation of a personal care product in combination with surfactants to improve its efficacy.

Some of the key Impact Factors:
o The growth of demand from the personal care industry
o The growth of the pharmaceutical sector

Regional Analysis:

Based on region, the lauric acid market has been segmented into major regions like North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

The Asia Pacific is expected to be the largest consumer of lauric acid primarily because of the high concentration of the population which has caused a high demand for soaps, detergents, and personal care products. It is also expected to become the fastest-growing sector in the coming years. Economies like China, South Korea, Japan, India, Australia and other countries in South-East Asia have seen a high consumption of lauric acid for soaps and detergents and personal care applications.

Some of the major markets in North America and Western Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals. This region has undergone a variety of transformations from end-use industries in terms of the production of chemicals and their respective applications. In the development of the green alternatives in these regions, preference for bio-based feedstock has been instrumental. In addition, regulatory bodies have placed strict guidelines due to environmental concerns and potential health risks because of exposures. This has been more influential in the Western Europe region. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

Market Segmentation:

By Type:
>= 99% Lauric Acid
98-99% Lauric Acid
70-75% Lauric Acid

By Application:
Coating
Household Chemical
Pharmaceuticals
Personal Care
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Application
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Application
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Application
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Application
Rest of the World
By Region (South America, Africa)
By Type
By Application

Reasons to buy this report:
o Market size estimation of the lauric acid market on a regional and global basis
o The unique research design for market size estimation and forecasts
o Profiling of the major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet the specific requirements:
o By segment
o By sub-segment
o By region/ country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.