Palmitic acid is a saturated fatty acid commonly found in both animals and plants. It is a major component in the oils from palm trees, such as palm oil, palm kernel oil and coconut oil.
Palmitic acid, a kind of fatty acid, derived from palm oil. It is a major component in the oils from palm trees. Applications of palmitic acid include soap & detergent, cosmetics, grease & lubricant, etc. Among those applications, soap & detergent accounts for the largest market share, which was about 49.99% in 2016.
The palmitic acid industry production is mainly concentrated in Asian region, such as Malaysia, Indonesia, China and so on. The largest producing region is Southeast Asia, which produced 135373 MT in 2016. The follower is China, holding 18.50% production share. Global production of palmitic acid increased from 166874 MT in 2012 to 202653 MT in 2016.
As for consumption, Europe is the largest consumer with about 33.51% share in 2016. The second consumer is China, consuming 57456 MT in the same year.
The palmitic acid industry has close relationship with the palm oil industry. Due to its low profit, some companies engaged in the palm oil industry have given up the business. In China, there are just a few suppliers.
The global Palmitic Acid market is valued at 210 million US$ in 2018 is expected to reach 260 million US$ by the end of 2025, growing at a CAGR of 2.5% during 2019-2025.
This report focuses on Palmitic Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Palmitic Acid market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Wilmar International
KLK Oleo
IOI Oleochemical
PT Sumi Asih Oleochemical
PT.Cisadane Raya Chemicals
Shuangma Chemical
VVF
Pacific Oleo
Twin Rivers Technologies
PT. Musim Mas
Cailà & Parés
PMC Group
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Distilled Type
Fractionated Type
Segment by Application
Soap & Detergent
Cosmetics
Grease & Lubricant
Others
Summary:
Get latest Market Research Reports on Palmitic Acid . Industry analysis & Market Report on Palmitic Acid is a syndicated market report, published as Global Palmitic Acid Market Research Report 2019. It is complete Research Study and Industry Analysis of Palmitic Acid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.