Capric Acid
Market evaluates the market share held by the key Players
of the industry and offers a full assessment of the competitive landscape. This
market is fragmented into different segments with the insightful analysis of
each segment with respect to the geography for the study period. Based on the
historical data, the report evaluation future prospects and provides the market
trends, size, growth, and estimation for the period 2018-2025.
Capric acid is a naturally
occurring acid which belongs to the fatty acids group in saturated form. It is
occurs milk of mammals and oils. Capric acid also known as decanoic acid has a
wide range of end-user and industrial applications. Capric acid contains some
essential aspects of an emulsifier, lubricant, plasticizer and a moisturizing
agent which increases it market value extensively. Esters of capric acid is
also used in preparation of perfumes and artificial food flavors. Global capric
acid market is segmented on the basis of end-user applications as personal
care, pharmaceutical, food & beverage, industrial chemicals and others
(rubber, plastic, etc.).
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Changing lifestyle patterns and
awareness among the consumers regarding personal appearance and hygiene has led
to the high demand of personal care products. This in turn significantly fuels
the growth of capric acid market. Moreover changing climatic pattern due to
global warming and pollution has led to the increased use of body lotions and
sunscreens which in turn surges the growth of this market. Demand for new
flavors which taste better from the food and beverage industry is another
factor to upsurge the growth of this market. In addition use of capric acid in
the production of plastics and pharmaceuticals is further expected to empower
the growth of this market for the forecast.
Major player assessed in the report are:
- Ecogreen Oleochemicals
- Henan Eastar Chemicals Co., Ltd.
- Temix Oleo Srl
- VVF LLC
- PT Bakrie Sumatera Plantations Tbk
- Chemical Associates
- Others
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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