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Palmitic Acid Market

Market Insights on Palmitic Acid covering sales outlook, demand forecast & up-to-date key trends

Palmitic Acid Market: Global Industry Analysis and Opportunity Assessment 2015-2025

Palmitic Acid Market: Market Overview

Palmitic acid is also known as hexadecanoic acid in the International Union of Pure and Applied Chemistrynomenclature. The Palmitic acid is one of the most common saturated fatty acid found in plants, animals and microorganisms. The chemical formula for Palmitic acid is CH3(CH2)14COOH.

As the name suggests, the Palmitic acid is the major component of oil found in meats, dairy products like cheese, butter, coconut oil and Palm Oil. The salts and esters of Palmitic acid are called Palmitate.

The Palmitic acid is used in production of various esters, metallic soaps, fatty amines, fatty alcohols, oxazolines for paint binder, surfactants in cosmetics, liquid and transparent soaps and use in agricultural chemicals and food etc. The largest application of Palmitic Acid is used in making soaps and detergents.

Global Palmitic Acid Market: Region-Wise Outlook

They key regions which produce Palmitic acid complexes include Malaysia, Germany, China and Indonesia. These regions are known for producing high quality sustainable Palmitic acid from natural renewable raw materials.

The Asia Pacific is considered as the largest market for Palmitic acid in terms of consumption. Europe, on the other hand, is another market playing key role in consuming Palmitic Acid.

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Global Palmitic Acid Market: Drivers

The extensive use of soaps and detergents are the key factors driving the growth of the global Palmitic acid market.

The increasing demands from the end use industries like personal care, surfactants, soaps, detergents, food additives and others are playing a major role in fuelling the growth of the global Palmitic acid market. Moreover, growth in end-user industries is predicted to outpour the global Palmitic acid market.

Further, increasing cleansing methods adopted by various industries is sweeping up the growth of global Palmitic acid market.

Global Palmitic Acid Market: Restraints

Decrease in use of hard soaps and detergents is in turn decreasing the growth of the global Palmitic acid market. Further, changing preference of manufacturers from animal based raw materials to vegetable based raw materials is a challenge to the global Palmitic acid market. Moreover, rising awareness about animal fatty acids is tending the global Palmitic acid market to decline down the line.

Nikhil Kaitwade
Principal Consultant
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Global Palmitic Acid Market: Key Players

The major companies involved in the manufacturing and production of Palmitic acid are AkzoNobel N.V., H. Foster and Company Ltd., BASF SE, Baerlocher GmBH, Emery Oleochemicals, VVF LLC and Vantage Speciality Chemicals, Inc., Harima Chemicals Group Inc., Meadvestvaco corporation, Forchem Oy, Acme-Hardesty, Pacific Oleo, KLK, IOI Oleochemicals, Emery Oleochemicals, Zouping Fuhai, Zibo Kehong, Acme Synthetic Chemicals and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global Palmitic acid market can be segmented on the basis of regions, contents and applications.

Key Segment

The global Palmitic acid market can be segmented on the basis of regions, contents and applications.

On account of regions, the global Palmitic acid market can be segmented into

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America

On account of contents, the global Palmitic acid market can be segmented into 

  • Capacity and Production Volumes
  • Raw Materials
  • Manufacturers
  • Consumption Structure
  • Export and Import
  • Consumers etc. 

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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