Global
Sodium Palmitate Market: Overview
Sodium
palmitate is a sodium salt of palmitic acid used as a cleaner in
personal care as well as in laundry and dishwashing products.
However, it is commercially produce from saponification of palm oil.
It is used as an emulsifying agent in various personal care and other
products including dishwashing and laundry products. The global
sodium palmitate market is growing at a significant growth over the
forecast period, owing to rapid growth of surface active agents in
personal care industry. The Asia-Pacific sodium
palmitate market
accounts for relatively high revenue share, followed by North America
sodium palmitate market, attributed rapid growth of pharmaceutical as
well as personal care market.
Global
Sodium Palmitate Market: Dynamics
Microeconomic
factors factor driving the global sodium palmitate market include
growing personal care and pharmaceutical industry and high demand for
emulsifying agents in both the industry particularly in regions such
as North America, Asia-Pacific, and Europe. However, health hazards
of palmitic acid including the risk of cardiovascular infraction may
lead to restraining the global sodium palmitate market. Sodium
palmitate use in soap will clean the skin but may dry it out which is
also another important factor for restraining the global sodium
palmitate market. Other side effects of sodium palmitate on human
body including vomiting, diarrhoea, irritation to eye, skin and
mucosal membrane, and respiratory distress and upper airway
irritation most often in young children also expected to create an
adverse impact on the global sodium palmitate market. The company
manufacturing sodium palmitate products has a significant opportunity
in regions such as North America, Europe, and Asia Pacific,
attributed to high demand for personal care products across the
regions over the forecast period. Companies have a significant
opportunity in the global sodium palmitate market through
collaboration with end-users i.e. personal care product
manufacturers.
Fill
the form to gain deeper insights on this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=26051
Global
Sodium Palmitate Market: Segmentation
The
global sodium palmitate market is segmented by end-use industry,
application, and by region. The personal care industry segment is
expected to contribute to the significant revenue share with a
relatively high growth rate over the forecast period, owing to high
demand for sodium palmitate in soap production. Pharmaceutical
segment is followed by personal care industry in the global sodium
palmitate market. By application segment, emulsifying segment is
expected to contribute for relatively high revenue share in the
global sodium palmitate market, attributed to significant demand for
emulsifying agent in personal care as well as pharmaceutical
products.
Based
on the end-use, the global sodium palmitate market is segmented into:
- Pharmaceutical
- Personal Care
- Dishwashing and Laundry
Based
on the application, the global sodium palmitate market is segmented
into:
- Viscosity Controlling Agent
- Emulsifying Agent
- Cleansing Agent
Global
Sodium Palmitate Market: Regional Overview
By
geographies, the global sodium palmitate market is segmented into
seven regions -- North America, Western Europe, Asia-Pacific except
Japan (APEJ), Eastern Europe, Latin America, the Middle East &
Africa, and Japan. Among the regions, APEJ is expected to dominate
the global sodium palmitate market, owing to a significant revenue
share in personal care product market. North America is followed by
Asia-Pacific in the global sodium palmitate market, attributed to
rapidly rising demand for emulsifier in pharmaceutical industry. The
Western Europe and Eastern Europe are expected to account for
significant revenue share in the global sodium palmitate market with
a moderate growth rate over the forecast period. Latin America and
Middle East Africa is expected to have a moderate opportunity for the
sodium palmitate market, owing to growing economy and relatively
low-value share in the global personal care market. Overall, the
outlook for the global sodium palmitate market will have a positive
growth over the forecast period.
Global
Sodium Palmitate Market: Key Players
Few
players of global sodium palmitate market include Aurora Fine
Chemicals LLC, Tokyo Chemical Industry (TCI), AHH Chemical Co., Ltd.,
Glentham Life Sciences Ltd., Ark Pharm, Inc., AK Scientific, Inc.
(AKSCI), 1717 CheMall Corporation, Alfa Chemical Corp., Parchem Fine
& Specialty Chemicals, and Acadechem Company Ltd.
No comments:
Post a Comment