Lauric Acid Market Competitive Landscape and Strategy Analysis 2016-2021

The Global Lauric Acid Consumption Market is classified on the basis of product type, applications, end users and geography. Dodecanoic acid is the chemical name for lauric acid having a chemical formula C12H24O2. It belongs to a group of triglycerides and is a saturated medium chain fatty acid having a 12-carbon backbone. It naturally occurs in several plant and animal fats and oils. In addition, it is a key constituent of coconut oil and palm kernel oil. Moreover, it is also found in goat’s milk, cow’ milk and human milk as well.

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Lauric acid is usually white coloured and powdery solid in appearance with an odour pertaining to that of oil. At room temperature lauric acid is in solid state but in boiling water it can easily melt. As compared to other fatty acids, lauric acid is economical, less toxic and has a longer shelf life.

Lauric acid is of great importance as it is used as an intermediate and surface active agent in manufacturing and hence has a wide range of applications. Lauric acid has antimicrobial properties which makes it useful in the pharmaceutical industry. It is widely used in the manufacturing of various soaps and shampoos. It is also used in a number of skin and beauty products owing to its moisturizing abilities.

Some of the key players that fuel the growth of the Lauric Acid Consumption Industry include Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya, Emery, PT.SUMI ASIH, AAK, VVF, Bakrie Group, SOCI, Godrej Industries, and others.

The factors that propel the growth of the Lauric Acid Consumption Market include increasing demand, industrialization, and urbanization. In addition, wide range of applications such as in soaps, shampoos, acne fighter, etc. also significantly fuel the market growth.

On the other hand, there are also factors that may hamper the growth of the market such as strict government regulations. Lauric Acid Consumption Market is classified on the basis of product type as≥99%, ≥95% and others. Based on application, the global market is segmented as coating, household chemicals, soaps, animal feed and others.

Lauric Acid Consumption Market is classified on the basis of end users as chemical industry, pharmaceutical, healthcare industry, animal feed industry and others.Based on geographical segmentation, the global market spans North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

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The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa.

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