Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market Offers Room to Grow
Stratview Research has published a new report titled “Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market” which is segmented by End-User Type (Detergents, Personal Care, Plastics, Rubber, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Surge in demand for detergents across the globe and use of palm kernel oil and coconut oil based natural fatty acids as a surfactant are some of the major factors driving the growth of the market.
Furthermore, the market for palm kernel oil and coconut oil based natural fatty acids will be driven by a growing preference for bio-based, environmentally-friendly product, especially in the personal care sector. Increasing demand for herbal products will have a substantial impact on the growth of the market due to their natural qualities and limited side effects.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the end-user type, the market is segmented as detergents, personal care, plastics, rubber, and others. The detergents industry is one of the most significant end-users of the palm kernel oil and coconut oil based natural fatty acids market. This segment is expected to register major share of the market during the forecast period. The growth of the segment is owing to the high demand for residential as well as industrial detergents and cleaners. Furthermore, stringent norms regarding industrial cleanliness will escalate the growth of the detergents sector remarkably over the forecast period. In addition, the personal care segment is estimated to witness significant growth in the market owing to increasing disposable income and growing popularity of natural cosmetic products for skin and hair care among consumers.
In terms of regions, Asia-Pacific is a prominent region in the global palm kernel oil and coconut oil based natural fatty acids market. The region is expected to maintain its incontestable lead during the forecast period as well. The growth of the region’s market is driven by palm kernel and coconut production, as well as the presence of numerous oleochemical manufacturers in the region. More than three-quarters of coconut and palm kernel production is concentrated in the region, of which a significant share is used for the oleochemical sector and application in making end-products such as soaps, detergents, and personal care products.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market:
· Chemical Associates, Inc.
· Emery Oleochemicals
· Kao Corporation
· Kuala Lumpur Kepong Berhad
· OLEON NV
· Pacific Oleochemicals Sdn Bhd
· Procter & Gamble
· Twin Rivers Technologies, Inc.
· United Coconut Chemicals, Inc.
· Wilmar International Ltd.
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