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Lauric acid, also properly known as dodecanoic acid, is a saturated fatty acid commonly found in coconut and palm oils, as well as in milk. Appearing as a white, powdery substance, its main use in manufacturing is as an ingredient in soaps and shampoos. Infants consume it during breastfeeding, and children, teens and adults ingest it by eating the fruits and oils that contain it. Research suggests it can have multiple health benefits because of its antimicrobial properties, but more studies are necessary to confirm initial results.
Scope of the Report:
The global sales volume of lauric acid increases to 466 K MT in 2016 from 416 K MT in 2012, at a CAGR of more than 1.9%. In 2016, the global lauric acid market is led by Asia-Pacific, capturing about 52.8% of global lauric acid sales volume. Europe is the second-largest region-wise market with 21.7% global Share, followed by North America (16.2%).
The global lauric acid market that was valued at 549 Million USD in 2012 is estimated to be worth 552 Million USD by the end of 2016.
Lauric acid downstream is wide and recently lauric acid has acquired increasing significance in various fields of Coatings, Household Chemicals and Other Applications. Globally, the lauric acid market is mainly driven by growing demand for Household Chemicals and Coatings which account for nearly 88% of total downstream consumption of lauric acid in global in 2016.
Based on types of lauric acid available in the market, the report segments the market into =99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Other Lauric Acid (92%, 85%, etc.). The market for =99% Lauric Acid and 98-99% Lauric Acid accounted for the largest market share in 2016, mainly owing to their high purity.
According to our research and analysis, manufacturers from Malaysia, Indonesia, India, etc., are the leaders in the international market of lauric acid. Despite the presence of competition problems, limiting of natural resources and low industry profits, there are few investments to enter the field at present.
At present, the major manufacturers of lauric acid are Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya and Emery, etc. The top five of them is holding about 60% sales market share in 2016.
The worldwide market for Lauric Acid is expected to grow at a CAGR of roughly 2.3% over the next five years, will reach 660 million US$ in 2024, from 580 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Lauric Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Wilmar
- KLK OLEO
- IOI Oleochemicals
- Musim Mas
- Oleon
- KAO
- Permata Hijau
- Pacific Oleochemicals
- PT.Cisadane Raya
- Emery
- PT.SUMI ASIH
- Bakrie Group
- SOCI
- Godrej Industries
- AAK AB
- VVF
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- =99% Lauric Acid
- 98-99% Lauric Acid
- 70-75% Lauric Acid
- Other Lauric Acid (92%, 85%, etc.)
Market Segment by Applications, can be divided into
- Coating
- Household Chemicals
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Lauric Acid product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Lauric Acid, with price, sales, revenue and global market share of Lauric Acid in 2017 and 2018.
Chapter 3, the Lauric Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Lauric Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Lauric Acid market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Lauric Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.