The
report is titled “Capric Acid Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report
provides information that helps a reader make clear, decisive
decisions in the global
capric acid market, based on the important information provided
in the report regarding the challenges that new entrants face, the
strategies used by leading companies in the capric acid market, and
also the present and future trends in the market.
Transparency
Market Research (TMR) has announced the release of a new market study
based on the capric acid market. The report analyzes the drivers and
restraints of the capric acid market, and the impact of these on the
demand for capric acid during the forecast period from 2015 to 2023.
The report studies the attractiveness of the capric acid market on
the basis of factors such as growth rate and market size. According
to the report, the global capric acid market is expected to expand at
a CAGR of 5.0% during 2015 to 2023, reaching a value of US$1.8 bn by
the end of 2023.
Capric
acid, also known as decanoic acid, is a saturated fatty acid. Capric
acid has a wide range of applications across various industries such
as the food and beverages industry and the perfumes and scents
industry. Capric acid has antimicrobial properties, which make it
useful in the aforementioned industries, driving the global market
for capric acid. It is used in various processing plants such as
wineries, breweries, and meat processing, along with finding its
application in the pharmaceuticals and textile industries. Capric
acid is used for manufacturing artificial flavors and synthetic
rubbers as well as being used as a plasticizer for the manufacture of
plastics. Owing to the wide range of applications of capric acid, the
demand for capric acid is increasing, propelling the global market
for capric acid.
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While
manufacturing body creams and lotions, capric acid is used as an
emulsifier and emollient for thickening the formulations of various
cosmetic products. Capric acid is used in the manufacture of personal
care products because it has lubricating properties and spreads
easily. An increase in the usage of personal care products worldwide,
coupled with the high usage of capric acid in the food and beverage
as well as the chemicals and pharmaceutical industries, is one of the
major reasons for the high demand from the capric acid market.
While
the report says that availability of new sources of raw materials can
provide a lucrative opportunity for the capric acid market,
fluctuation in the prices of the raw materials could be a challenge
to the capric acid market’s growth.
The
capric acid market has been segmented on the basis of end use and
region in the report. The regions included for the purpose of study
are Europe, Asia Pacific, North America, Latin America, and the MENA
region.
Key
companies profiled in the report to help a reader understand the
current trends, market competition, and business strategies are:
Chemical Associates, KLK OLEO, IOI Oleochemicals, P&G Chemicals,
Temix Oleo Srl, Oleocomm Global SDN BHD, HENAN EASTAR CHEMICALS CO.,
LTD., Ecogreen Oleochemicals, PT Bakrie Sumatera Plantations Tbk.,
and VVF L.L.C.
The
report segments the global capric acid market as follows:
Capric
Acid Market - End-user Analysis
- Food & Beverage
- Industrial Chemicals
- Personal Care
- Pharmaceutical
- Others (Rubber, Plastic, etc.)
Capric
Acid Market: Regional Analysis
North
America
- U.S.
- Rest of North America
Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Rest of Europe
Asia
Pacific
- China
- Japan
- ASEAN
- Rest of Asia Pacific
Latin
America
- Brazil
- Rest of Latin America
Middle
East & Africa (MEA)
- GCC
- South Africa
- Rest of MEA
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