Market Overview:
The global lauric acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lauric acid from various applications such as coating, household chemicals, and others. Lauric acid is also used as an intermediate in the manufacture of other chemicals. North America dominates the global lauric acid market and is expected to grow at a CAGR of 5.7% during the forecast period from 2018 to 2030 followed by Asia Pacific which is projected to grow at a CAGR of 5%.
Product Definition:
Lauric acid is a 12-carbon saturated fatty acid that is the major component of coconut oil and palm kernel oil. It has antibacterial, antiviral, and antifungal properties. Lauric acid is converted to monolaurin in the body, which has even more potent antimicrobial activity. Monolaurin is said to be helpful in preventing or treating candida overgrowth, Crohn's disease, and other gastrointestinal conditions. It can also be used topically to treat acne, psoriasis, eczema, and other skin conditions.
≥99% Lauric Acid:
Lauric acid is a long-chain fatty acid found in animal and plant oils. It has been widely used in personal care products such as soaps, shampoo, conditioners, body wash and other niche applications due to its cleansing properties. However, the high price of lauric acid has limited its penetration into the market over the past few years.
98-99% Lauric Acid:
Lauric acid is a naturally occurring organic compound that is produced as an intermediate product during the process of refining coconut oil. It has been identified as one of the potential biobased chemicals for industrial applications owing to its high laurate content.
Application Insights:
The household chemicals segment led the global market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for cleaners, paints, polishes, etc., owing to rising consumer awareness about cleanliness and hygiene. In addition, growing environmental concerns regarding plastic usage in packaging products is expected to augment lauric acid consumption in household applications over the next eight years.
Increasing use of natural surfactants like lauroyl sulfate as an alternative for synthetic ones due largely to their better biodegradability has been driving product demand from other applications such as coating industry worldwide since past few years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 45.0% in 2017. This is attributed to increasing demand for lauric acid from countries such as China, India, Japan and South Korea. The growing population coupled with rising consumer disposable income levels has resulted in increased consumption of packaged food products which are likely to have a positive impact on industry growth over the forecast period.
The Asia Pacific was followed by North America which accounted for nearly 25% of the total market share owing to high demand from end-use industries such as personal care and household chemicals along with rapid industrialization across Mexico and Canada that has led to an increase in production capacities for these end-use markets at home along with exports overseas thus propelling regional growth significantly.
Growth Factors:
- Increasing demand for natural and organic personal care products.
- Rising awareness about the benefits of lauric acid for hair, skin, and nails.
- Growing popularity of coconut oil as a natural moisturizer and anti-aging agent.
- Increasing use of lauric acid in food supplements and functional foods/beverages.
- Emerging applications of lauric acid in the pharmaceutical industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Lauric Acid Market Research Report
By Type
≥99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Other Lauric Acid (92%, 85%, etc.)
By Application
Coating, Household Chemicals, Others
By Companies
Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya, Emery, PT.SUMI ASIH, Bakrie, SOCI, Godrej Industries, AAK AB, VVF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Lauric Acid Market Report Segments:
The global Lauric Acid market is segmented on the basis of:
Types
≥99% Lauric Acid, 98-99% Lauric Acid, 70-75% Lauric Acid, Other Lauric Acid (92%, 85%, etc.)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating, Household Chemicals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wilmar
- KLK OLEO
- IOI Oleochemicals
- Musim Mas
- Oleon
- KAO
- Permata Hijau
- Pacific Oleochemicals
- PT.Cisadane Raya
- Emery
- PT.SUMI ASIH
- Bakrie
- SOCI
- Godrej Industries
- AAK AB
- VVF
Highlights of The Lauric Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ≥99% Lauric Acid
- 98-99% Lauric Acid
- 70-75% Lauric Acid
- Other Lauric Acid (92%, 85%, etc.)
- By Application:
- Coating
- Household Chemicals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lauric Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lauric acid is a monounsaturated fatty acid that is found in coconut oil, palm oil, and other tropical oils. Lauric acid has been shown to be effective at fighting against viruses and bacteria.
Some of the major players in the lauric acid market are Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon, KAO, Permata Hijau, Pacific Oleochemicals, PT.Cisadane Raya, Emery, PT.SUMI ASIH, Bakrie, SOCI, Godrej Industries, AAK AB, VVF.
The lauric acid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lauric Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lauric Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lauric Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lauric Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lauric Acid Market Size & Forecast, 2020-2028
4.5.1 Lauric Acid Market Size and Y-o-Y Growth
4.5.2 Lauric Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ≥99% Lauric Acid
5.2.2 98-99% Lauric Acid
5.2.3 70-75% Lauric Acid
5.2.4 Other Lauric Acid (92%
5.2.5 85%
5.2.6 etc.)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Coating
6.2.2 Household Chemicals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lauric Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lauric Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ≥99% Lauric Acid
9.6.2 98-99% Lauric Acid
9.6.3 70-75% Lauric Acid
9.6.4 Other Lauric Acid (92%
9.6.5 85%
9.6.6 etc.)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Coating
9.10.2 Household Chemicals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ≥99% Lauric Acid
10.6.2 98-99% Lauric Acid
10.6.3 70-75% Lauric Acid
10.6.4 Other Lauric Acid (92%
10.6.5 85%
10.6.6 etc.)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Coating
10.10.2 Household Chemicals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ≥99% Lauric Acid
11.6.2 98-99% Lauric Acid
11.6.3 70-75% Lauric Acid
11.6.4 Other Lauric Acid (92%
11.6.5 85%
11.6.6 etc.)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Coating
11.10.2 Household Chemicals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ≥99% Lauric Acid
12.6.2 98-99% Lauric Acid
12.6.3 70-75% Lauric Acid
12.6.4 Other Lauric Acid (92%
12.6.5 85%
12.6.6 etc.)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Coating
12.10.2 Household Chemicals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ≥99% Lauric Acid
13.6.2 98-99% Lauric Acid
13.6.3 70-75% Lauric Acid
13.6.4 Other Lauric Acid (92%
13.6.5 85%
13.6.6 etc.)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Coating
13.10.2 Household Chemicals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lauric Acid Market: Competitive Dashboard
14.2 Global Lauric Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wilmar
14.3.2 KLK OLEO
14.3.3 IOI Oleochemicals
14.3.4 Musim Mas
14.3.5 Oleon
14.3.6 KAO
14.3.7 Permata Hijau
14.3.8 Pacific Oleochemicals
14.3.9 PT.Cisadane Raya
14.3.10 Emery
14.3.11 PT.SUMI ASIH
14.3.12 Bakrie
14.3.13 SOCI
14.3.14 Godrej Industries
14.3.15 AAK AB
14.3.16 VVF
