Lauric acid is a saturated fatty acid naturally arise in several vegetable fats such as coconut and palm kernel oils. It is a white, powdery solid with the faint odor of bay oil or soap. Dodecanoic acid is the methodical name of lauric acid. Lauric acid establishes a 12-carbon atom chain and thus it is divided into the medium chain fatty acids. Lauric acid is reasonably inexpensive likewise other fatty acids and remains potent for a lengthier time which results in a protracted shelf life.
According
to the report analysis, ‘Global
Lauric Acid Industry Research Report 2021 Segmented by Major Market Players,
Types, Applications and Countries Forecast to 2027’ states that Wilmar,
Pacific Oleochemicals, Musim Mas, KLK OLEO, Permata Hijau, IOI Oleochemicals, Emery,
KAO, Oleon, PT.Cisadane Raya, AAK AB, PT.SUMI ASIH, VVF, Godrej Industries, Bakrie,
SOCI and many more are the key companies which recently operating in the global
lauric acid industry more actively for leading the highest market growth and
registering the great value of market share around the globe during the review
duration while delivering the better consumer satisfaction, increasing the
applications and benefits of such, employing the young and active personnel,
decreasing the associated prices of such, analysing the strategies and policies
of government as well as similar entities, implementing the policies of profit
making and enlargement strategies, improving the qualitative and quantitative measures
of such, and establishing the several research and development programs.
Lauric
acids finds foremost application in soaps & detergents and personal care
industry. It gets counteracted with sodium hydroxide to deliver the sodium
laurate (a popular soap type). On industrial scale, soap producers usually
carry out saponification directly from coconut oil rather than obtaining lauric
acid. Lauric acid is also an essential constituent of skin care and hair care
products.
In
addition, the effective growth in consumerism has spurred the requirement for
personal care products during recent past and is projected to remain a foremost
driving aspect for the Global
Lauric Acid Market during the coming year. Moreover, increasing
awareness about animals (both pet and livestock grown for meat) health has
replicated an increase in requirement for animal feed additives, most
preferably natural derived. Rigorous government regulations and interposition
in the approval procedure is one of the foremost challenges in the market. As,
lauric acid is straight utilized in the formulation of personal care products
and animal feed, the producers of these products have to undergo a strict
endorsement before selling them to customers. Innovation in product with
respect to formulation delivers the immense growth choices in the market.
The
organized and large players in global lauric acid industry are effectively
opting the strategies of enlargement such as joint venture, new product
development, amalgamation, partnership, merger and acquisition and several
others for ruling around the globe, obtaining the competitive edge and
generating the high percentage of revenue. Therefore, in the near years, it is
predicted that the market of lauric acid will increase around the globe more
proficiently over the forthcoming years.
For More Information, refer to below link:-
Global
Lauric Acid Market Analysis 2021
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