Lauric Acid Market to 2025 -Global Market Size, Development Status, Top Manufacturers, and Forecasts

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The Lauric Acid Market 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 market 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 market growth of lauric acid during the forecast period.

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The regional analysis of Global Lauric Acid Market 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 market 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 market over the upcoming years. Further, North America anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to increasing consumer awareness regarding health and rising demand of lauric acid from pharmaceutical industries across the region.

The major market player included in this report are:
Muslim Mas
Permata Hijau

The objective of the study is to define market 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 market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

>99% Lauric Acid
98-99% Lauric Acid
70-75% Lauric Acid

By End-User:

Household Chemicals

By Regions:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025

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Target Audience of the Global Lauric Acid Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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