Capric acid is a short-chain, saturated acid occurring naturally in palm and coconut oils, as well as certain types of milk. It is used for a variety of industrial and manufacturing processes. Also known as C10 fatty acid and decanoic acid, capric acid is commonly derived from both vegetable and animal sources.
Capric acid is used as a raw material for production of alkyl chlorides for agricultural products, methyl caprylate/caprate, fatty alcohols, acid chlorides, fatty acid isethionates, metallic soaps, fatty acid sarcosinates, imidazolines, fatty amines, caprylic capric triglyceride (MCT oil), polyol esters as lubricant in metal working and emollient in personal care products, oxazolines for paint binder ; Used in herbicide, animal feed, corrosion/rust inhibitors for antifreeze, flotation agents in mining, creams and lotions formulations, plasticizers etc. Daily chemicals is the largest consumption field of capric acid, which consumed about 38.75% in 2018.
Capric acid is mainly produced by palm oil and coconut oil, which are mainly produced in Southeast Asia region. So, global major capric acid suppliers are also based in Southeast Asia. In this report, we mainly research 13 suppliers such as KLK OLEO, Musim Mas, IOI Oleochemical, Permata Hijau Group, Emery Oleochemicals, Pacific Oleochemicals, Wilmar, P&G Chemicals, VVF LLC, Ecogreen Oleochemicals, Bakrie Sumatera Plantations, Kao Chemicals and Temix etc. KLK OLEO is market leader in this industry, which produced 6126 tons capric acid, with a production share of 9.79% in 2018.
Global major production regions include SEA, USA, Europe, China and Japan etc. SEA is the largest production region, whose production increased from 39509 MT in 2014 to 45216 MT in 2018. China and Europe is separately the second and third largest production region, with production share of 9.85% and 8.03% in 2018 separately.
According to this study, over the next five years the Capric Acid market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 270 million by 2024, from US$ 230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Capric Acid business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Capric Acid market by product type, application, key manufacturers and key regions and countries.
This study considers the Capric Acid value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Content ≥ 99%
Content below 99%
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Daily Chemicals
Plasticizer
Lubricants
Flavoring and Perfuming Agents
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
KLK OLEO
Musim Mas
IOI Oleochemical
Permata Hijau Group
Emery Oleochemicals
Pacific Oleochemicals
Wilmar
P&G Chemicals
VVF LLC
Ecogreen Oleochemicals
Bakrie Sumatera Plantations
Kao Chemicals
Temix
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Capric Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Capric Acid market by identifying its various subsegments.
Focuses on the key global Capric Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Capric Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Capric Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Capric Acid. Industry analysis & Market Report on Capric Acid is a syndicated market report, published as Global Capric Acid Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Capric Acid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.