Capric acid or decanoic acid is the saturated or unsaturated carboxylic acid with a long aliphatic chain. The capric acid is sweaty and bad smelling chemical which is obtained from coconut oil, palm kernel oil, or in the milk of various mammals. Furthermore it can be obtained by oxidation of decanol by using chromium trioxide under acidic condition. It is used for various applications such as esters for artificial fruit flavor & perfumes, lubricants, greases, dyes, plastics, etc. It is used in the pharmaceutical industry for making the drugs more efficient by increasing the ability to dissolve more non polar solvents like hexane and toluene.
MARKET DYNAMICS
The global capric acid market is growing at a significant pace owing to driving factors such as increasing demand from food industry due to applications in artificial flavour, colour and aroma. Furthermore, Increasing use in wineries, breweries and meat processing industries due to its antimicrobial properties is likely to drive the demand for capric acid in the coming years. However, high capital cost and high level of technical competency affecting prices of products which is projected to hinder the growth of capric acid market. Likewise, increasing usage of capric acid for diabetics patients in pharmaeutical industry may provide a lucrative opportunity for the market players in the near future.
MARKET SCOPE
The "Global Capric Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the capric acid market with detailed market segmentation by source, application and geography. The global capric acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading capric acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global capric acid market is segmented on the basis of source and application. On the basis of source, the capric acid market is segmented into,animal and plant . On the basis of application, the market is bifurcated into, cosmetics and personal care, food and beverage, pharmaceutical, industrial chemicals, others .
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global capric acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The capric acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the capric acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the capric acid market in these regions.
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MARKET PLAYERSThe reports cover key developments in the capric acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from capric acid market are anticipated to lucrative growth opportunities in the future with the rising demand for capric acid in the global market. Below mentioned is the list of few companies engaged in the capric acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the capric acid market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
-Acme-Hardesty Co.
-Ecogreen Oleochemicals Ltd.
-Hangzhou Oleochemicals Co. Ltd.
-Ioi Oleo Gmbh.
-Klk Oleo
-Majorhub Oleochemicals Pvt. Ltd.
-Procter and Gamble
-Temix Oleo
-Univar Solutions
-Vvf Illinois Services
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