A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Lauric
Acid Market.
The study, titled “Lauric
Acid Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Lauric
acid is a saturated fatty acid naturally occur in many vegetable fats
such as coconut and palm kernel oils. It is a white, powdery solid
with a faint odor of bay oil or soap. Dodecanoic acid is the
systematic name of lauric acid. Lauric acid constitutes a 12-carbon
atom chain and thus it is categorized into the medium chain fatty
acids. Lauric acid is comparatively inexpensive likewise other fatty
acids and remains potent for a longer time which results in a
prolonged shelf life.
View
Report Preview:
Lauric
acids finds major application in soaps & detergents and personal
care industry. It gets neutralized with sodium hydroxide to give
sodium laurate (a popular soap type). On industrial scale, soap
manufacturers usually carry out saponification directly from coconut
oil rather than procuring lauric acid. Lauric acid is also an
important constituent of skin care and hair care products. The U.S.
Food and Drug Administration (U.S. FDA) has also listed lauric acid
as "Generally Regarded as Safe (GRAS)" for cosmetic
applications. The most popular choice of lauric acid in personal care
products (including skin care and hair care) include facial
cleansers, body washes, shower gels, and shampoos. Lauric acid mixes
well with water, and thus forms a homogenous solution. Lauric acid is
also used in conjunction with surfactants in a personal care product
formulation to increase its efficacy. Lauric acid has also wide
application as chemical intermediate and precursor in plastic,
lubricants, pharmaceuticals etc. The usage of lauric acid can also be
observed in the animal feed industry where it is used as a feed
additive to improve the gut and gastrointestinal health.
Increasing
consumerism has spurred the demand for personal care products in
recent past and is anticipated to remain a major driving factor for
the lauric acid market in the coming year. Moreover, growing
awareness about animals (both pet and livestock grown for meat)
health has reflected an increase in demand for animal feed additives,
most preferably natural derived. Stringent government regulations and
intervention in the approval process is one of the major challenges
in the market. As, lauric acid is directly used in the formulation of
personal care products and animal feed, the manufacturers of these
products have to undergo a strict approval before selling them to
customers. Innovation in product with respect to formulation provides
immense growth opportunity in the market.
Asia
Pacific is expected to be the largest consumer of lauric acid
primarily due to high demand for soaps and detergents as a result
high population concentration. It is also anticipated to be the
fastest growing market in the next few years. Economies such as
China, India, Indonesia, Malaysia, and other South East Asian
countries has witnessed high consumption of lauric acid for soaps &
detergents and personal care applications. Additionally, the
countries in the regions South America and the Middle East &
Africa are showing swift economic growth and thus demand for lauric
acid is projected to rise in the near future. North America is
matured market in terms of demand for lauric acid; however increasing
consumer awareness regarding health and well-being is expected to
increase demand for lauric acid in pharmaceutical and personal care
application. The steady demand for lauric acid in animal feed,
personal care, and soaps & detergents application is expected to
be driving factor for the Europe lauric acid market.
Some
key players in the lauric acid market include VVF LLC, Acme-Hardesty,
Sensnutrition, Acme Chem, Parchem fine & specialty chemicals,
Timur OleoChemicals, Volac Wilmar Feed Ingredients Limited.
Request
to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology developments, types, applications, and the
competitive landscape.
No comments:
Post a Comment