Lauric Acid Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Lauric Acid market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Lauric Acid is projected to rise moderately in the projected time frame of 2023-2030.
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.
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.
Global Lauric Acid market size will increase to 700 Million US$ by 2030, from 580 Million US$ in 2020, at a CAGR of 2.4% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Lauric Acid.
Objectives of Research:
- The overview of the global Lauric Acid market
- Report comprised of the market companies, to describe and define and analyze the Lauric Acid market value, share competition landscape, development plans and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market:
The major competitors working in the market are:
, 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 by Order Type
≥99% Lauric Acid
98-99% Lauric Acid
70-75% Lauric Acid
Other Lauric Acid (92%, 85%, etc.)
Lauric Acid Data by Application
Coating
Household Chemicals
Others
Lauric Acid Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
Before you Purchase get some Insights from this report
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
- Summary of the Lauric Acid market comprising definition
- Lauric Acid Market Growth Drivers, Restrains, Challenges and opportunities
- Major trends which is impacting the global Lauric Acid market
- Lauric Acid Market segmentation and complete information about the market
- Regional analysis of the market
- Which regional market will develop as a champion at intervals in the coming years?
- What are the top companies at intervals in the global Lauric Acid market?
- What are the growth strategies of the key players to sustain hold at intervals in the global Lauric Acid market?
Table of Content
Lauric Acid Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
Lauric Acid Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
Lauric Acid Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
Lauric Acid Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Lauric Acid Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Lauric Acid Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
Lauric Acid Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
Research Methodology
The Market Research Update offers technology-driven solutions and its full integration in the research process to be skilled at every step. We use diverse assets to produce the best results for our clients. The success of a research project is completely reliant on the research process adopted by the company. Market Research Update assists its clients to recognize opportunities by examining the global market and offering economic insights. We are proud of our extensive coverage that encompasses the understanding of numerous major industry domains.
Market Research Update provide consistency in our research report, also we provide on the part of the analysis of forecast across a gamut of coverage geographies and coverage. The research teams carry out primary and secondary research to implement and design the data collection procedure. The research team then analyzes data about the latest trends and major issues in reference to each industry and country. This helps to determine the anticipated market-related procedures in the future. The company offers technology-driven solutions and its full incorporation in the research method to be skilled at each step.
The Company's Research Process Has the Following Advantages:
- Information Procurement
The step comprises the procurement of market-related information or data via different methodologies & sources.
- Information Investigation
This step comprises the mapping and investigation of all the information procured from the earlier step. It also includes the analysis of data differences observed across numerous data sources.
- Highly Authentic Source
We offer highly authentic information from numerous sources. To fulfills the client’s requirement.
- Market Formulation
This step entails the placement of data points at suitable market spaces in an effort to assume possible conclusions. Analyst viewpoint and subject matter specialist based examining the form of market sizing also plays an essential role in this step.
- Validation & Publishing of Information
Validation is a significant step in the procedure. Validation via an intricately designed procedure assists us to conclude data-points to be used for final calculations.