Lauric acid, also properly known as dodecanoic acid, is a saturated fatty acid commonly found in coconut and palm oils, as well as in milk. Appearing as a white, powdery substance, its main use in manufacturing is as an ingredient in soaps and shampoos. Infants consume it during breastfeeding, and children, teens and adults ingest it by eating the fruits and oils that contain it. Research suggests it can have multiple health benefits because of its antimicrobial properties, but more studies are necessary to confirm initial results.
According to this study, over the next five years the Lauric Acid market will register a 2.3% CAGR in terms of revenue, the global market size will reach US$ 660 million by 2024, from US$ 580 million in 2019.
Molecular Formula Of Lauric acid:- C12H24O2
The global sales volume of Lauric acid increases to 466 K MT in 2016 from 416 K MT in 2012, at a CAGR of more than 1.9%. In 2016, the global lauric acid market is led by Asia-Pacific, capturing about 52.8% of global lauric acid sales volume. Europe is the second-largest region-wise market with 21.7% global Share, followed by North America (16.2%).The global lauric acid market that was valued at 549 Million USD in 2012 is estimated to be worth 552 Million USD by the end of 2016.
Lauric acid downstream is wide and recently lauric acid has acquired increasing significance in various fields of Coatings, Household Chemicals and Other Applications. Globally, the lauric acid market is mainly driven by growing demand for Household Chemicals and Coatings which account for nearly 88% of total downstream consumption of lauric acid in global in 2016.
Based on types of lauric acid available in the market, the report segments the market into ?99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Other Lauric Acid (92%, 85%, etc.). The market for ?99% Lauric Acid and 98-99% Lauric Acid accounted for the largest market share in 2016, mainly owing to their high purity.
According to our research and analysis, manufacturers from Malaysia, Indonesia, India, etc., are the leaders in the international market of lauric acid. Despite the presence of competition problems, limiting of natural resources and low industry profits, there are few investments to enter the field at present.
Major Manufacturers Of Lauric Acid:-
At present, the major manufacturers of lauric acid are Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya and Emery, etc. The top five of them is holding about 60% sales market share in 2016.
In particular, Lauric acid report presents the global market share (sales and revenue) of key companies in Lauric Acid business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Lauric Acid market by product type, application, key manufacturers and key regions and countries.
This study considers the Lauric 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.
- 99% Lauric Acid
- 98-99% Lauric Acid
- 70-75% Lauric Acid
- Other Lauric Acid (92%, 85%, etc.)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- Household Chemicals
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- United States
- Southeast Asia
- Middle East & Africa
- South Africa
- 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
- IOI Oleochemicals
- Musim Mas
- Permata Hijau
- Pacific Oleochemicals
- PT.Cisadane Raya
- PT.SUMI ASIH
- Bakrie Group
- Godrej Industries
- AAK AB
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.
- To study and analyze the global Lauric 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 Lauric Acid market by identifying its various subsegments.
- Focuses on the key global Lauric 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 Lauric 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 Lauric 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.
Table of content
2019-2024 Global Lauric Acid Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Lauric Acid Consumption 2014-2024
2.1.2 Lauric Acid Consumption CAGR by Region
2.2 Lauric Acid Segment by Type
2.2.1 99% Lauric Acid
2.2.2 98-99% Lauric Acid
2.2.3 70-75% Lauric Acid
2.2.4 Other Lauric Acid (92%, 85%, etc.)
2.3 Lauric Acid Consumption by Type
2.3.1 Global Lauric Acid Consumption Market Share by Type (2014-2019)
2.3.2 Global Lauric Acid Revenue and Market Share by Type (2014-2019)
2.3.3 Global Lauric Acid Sale Price by Type (2014-2019)
2.4 Lauric Acid Segment by Application
2.4.2 Household Chemicals
2.5 Lauric Acid Consumption by Application
2.5.1 Global Lauric Acid Consumption Market Share by Application (2014-2019)
2.5.2 Global Lauric Acid Value and Market Share by Application (2014-2019)
2.5.3 Global Lauric Acid Sale Price by Application (2014-2019)
3 Global Lauric Acid by Players
3.1 Global Lauric Acid Sales Market Share by Players
3.1.1 Global Lauric Acid Sales by Players (2017-2019)
3.1.2 Global Lauric Acid
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