Palmitic acid also called as hexadecanoic acid found commonly in plants and animals in the form of saturated fatty acids can be obtained from palm oil, olive oil and body lipids. Palmitic acid is used in deciding the hardness of water and also to improve the sonographic imaging. Different salts and esters called Palmitates are present in Palmitic acid. Palmitic acid is used in manufacturing of various thins like; surfactants in cosmetics, agricultural chemicals, food, metallic soaps, oxzolines used for paint binding, liquid and transparent soaps, etc. Plamitic acid is widely used for manufacturing of soaps and detergents. Therefore, the Palmitic Acid Market is anticipated to expand and has tremendous scope during the forecast period. The global Palmitic Acid Market is anticipated to flourish in the future by growing at a significantly higher CAGR.
The global Palmitic Acid Market is based on segment, by Product the market is segmented into Fractionated Type and Distilled Type; and by Application the market is segmented into Cosmetics, Grease & Lubricant, Soap & Detergent and Others.
Palmitic Acid Market, By Product
Palmitic Acid Market, By Application
Grease & Lubricant
Soap & Detergent
On a global front, the Palmitic Acid Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, South Africa, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA).
Palmitic Acid Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The leading players in the market are Cailà & Parés, VVF, IOI Oleochemical, Wilmar International, PMC Group, PT Sumi Asih Oleochemical, KLK Oleo, PT.Cisadane Raya Chemicals, Shuangma Chemical, Pacific Oleo, PT. Musim Mas and Twin Rivers Technologies. 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 market share of the overall industry.
Cailà & Parés
PT Sumi Asih Oleochemical
PT.Cisadane Raya Chemicals
PT. Musim Mas
Twin Rivers Technologies
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
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?