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.).
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.
Geographically, Asia Pacific is the most prominent region of this market with high growth and market share. Major regions like India and China support market growth for the Asia Pacific region. High demand for pharmaceuticals, personal care products and synthetic rubber in these regions empowers market growth of Asia Pacific. North America and Europe show substantial market growth owing to their economic stability. Latin America and MEA are also expected to show considerable market growth over the forecast. Major companies in the global capric acid market are Ecogreen Oleochemicals, Henan Eastar Chemicals Co., Ltd., Temix Oleo Srl, VVF LLC, PT Bakrie Sumatera Plantations Tbk, Chemical Associates, Oleocomm Global SDN BHD, KLK OLEO, P&G Chemicals and IOI Oleochemicals.
Decision Databases is involved in providing research reports and company profiles in the global capric acid market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The capric acid market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our capric acid profiles.
SEGMENTATIONS IN REPORT:
Capric Acid By End-User Applications
1. INTRODUCTION TO THE CAPRIC ACID MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF CAPRIC ACID
4. CAPRIC ACID MARKET ANALYSIS BY END-USER APPLICATIONS
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