Industry Outlook and Trend Analysis
The Linoleic Acid Market is expected to gain considerable market share by 2025, while registering itself at a significant compound annual growth rate (CAGR) during the forecast period. Developing impact on bio-based material particularly for use in paints and coatings and adhesives applications inferable from ecological concerns from petrochemicals products will drive linoleic acid market. Expanding importance of daily management of health and ascend in customized nutrition patterns alongside developing interest for natural ingredients in nutritive items will boost the demand of the market. Linoleic acid is a polyunsaturated fatty acid which is fundamental for healthy skin and hair, also normal brain function. It can be incorporated normally by humans or consumed through different food ingredients and is additionally used in oils and quick-drying soaps and a few other industrial applications.
Application Outlook and Trend Analysis
Linoleic acid market estimate from food & beverage applications will outperform USD 1.5 billion amid anticipated time span attributable to perspective change in the pattern of consumer consumption and expanding inclination for healthy way of life. The food & beverage segment valued USD 55 billion in 2017 and is foreseen to grow tremendously over the forecast period. Expanding medical advantages from this product is pulling in its application in aroma component, flavoring, baking and dairy businesses. The product request is foreseen to ascend as it decreases risks for hypertension, type 2 diabetes, and strokes.
Regional Outlook and Trend Analysis
Asia Pacific driven by Japan, China and India linoleic acid market measure is anticipated to outperform USD 1 billion in the evaluated time allotment inferable from its expanding application in protective coatings for color retentive and quick drying alkyl and epoxy resin ester covering production. Development in automotive production bolstered by rising interest for premium quality vehicle essentially in India and China will support paints and covering requests, thereby promoting industry development. Expanding construction expenditure upheld by extension in broad daylight infrastructural undertakings may drive interest for paints and covering, going about as another contributing element towards regional industry development.
The major players in the market are BASF, Sisco Research Laboratories, Cayman Chemical Company, Avantor Performance Materials Inc, MilliporeSigma, Eastman Chemical Company, S A Pharmachem Private Limited, Eastman Chemical Company and Pyrazine Specialties. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Linoleic Acid Market is segmented by regions as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?