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Lauric Acid Market Size study, by Product (>99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Others), by End-User (Coating, Household Chemicals, Others)- Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Lauric Acid Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Lauric Acid Industry is continuously growing in the global scenario at significant pace. Lauric acid is a saturated fatty acid naturally occur in many vegetable fats such as coconut and palm kernel oils. It is a white, powdery solid with a faint odor of bay oil or soap. Dodecanoic acid is the systematic name of lauric acid. Lauric acid constitutes a 12-carbon atom chain and thus it is categorized into the medium chain fatty acids. Lauric acid is comparatively inexpensive likewise other fatty acids and remains potent for a longer time which results in a prolonged shelf life. Escalating demand for personal care products, surging utility of animal feed additives and rising disposable income of the individuals are the substantial driving factors of the Industry during the forecast period. Moreover, rising standard of living of people is the factors that likely to create numerous opportunity in the near future. However, lack of awareness is one of the major factors that limiting the Industry growth of lauric acid during the forecast period.
The regional analysis of Global Lauric Acid Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of Industry share due to rising consumption of lauric acid as used for soaps & detergents and personal care application across the region. Europe is estimated to grow at reasonable growth rate in the global Lauric Acid Industry over the upcoming years. Further, North America anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to increasing consumer awareness regarding health and rising demand of lauric acid from pharmaceutical industries across the region.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Lauric Acid Industry Share and Size by 2019-2025
Health Care
Lauric Acid Market Segmentation:
By Product:
>99% Lauric Acid
98-99% Lauric Acid
70-75% Lauric Acid
Others

By End-User:
Coating
Household Chemicals
Others

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Lauric Acid Market are as follows:
Wilmar
KLK OLED
Muslim Mas
Oleon
KAO
Permata Hijau

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