Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market Top Key Players Wilmar International, Emery Oleochemicals, OLEON, KLK Oleo, and Kao Corporation
Europe generated more than USD 1 billion for the overall palm kernel oil and coconut oil based natural fatty acids market in 2015. The regional market will grow at more than 4% CAGR in the forecast spell.
(EMAILWIRE.COM, August 03, 2018 ) Palm Kernel Oil And Coconut Oil Based Natural Fatty Acids Market will likely surpass USD 8.4 billion by 2024 according to this new research report.
Surfactants form an essential part of detergents and cleaners that are used for industrial and residential cleaning purposes. Rising demand for surfactants owing to increasing awareness about workplace and industrial hygiene will drive the global palm kernel oil and coconut oil based natural fatty acids market during the forecast timespan.
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These fatty acids are used as an important source of hydrophobic surfactants due to their adaptable properties, natural origin and consistent supply. Increasing industrial developments will result in growing demand for surfactants for cleaners which in turn will augment the global palm kernel oil and coconut oil based natural fatty acids market in the future.
Global palm kernel oil and coconut oil based natural fatty acids market will also be augmented by the growing popularity of bio-based and herbal chemicals, mostly in personal cleaning products. Bio-based personal care products industry in 2015 was valued over USD 10 billion and will likely rise above USD 24 billion in 2024. The advantages of organic chemicals over their synthetic counterparts in terms of minimal side-effects and extra benefits will contribute to the global palm kernel oil and coconut oil based natural fatty acids market growth during the forecast period.
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Fluctuating raw material prices may hamper the global palm kernel oil and coconut oil based natural fatty acids market as it may hinder the entry of new players. In 2013, coconut and palm kernel oil prices changed by a rate of -10.38% & -15.14% respectively. In 2015, the rate of change was 28.93% & 21.53% for coconut and palm kernel oil respectively. As Asia Pacific has the highest concentration of coconut and palm kernel, cost of raw materials in other regions may also increase considerably.
Detergents, personal care, plastics, rubber are the major end-user industries in the global palm kernel oil and coconut oil based natural fatty acids market. Detergents is the most prominent end-user segment and its value is projected to be around USD 3 billion in 2024. High demand for industrial and residential cleaners and stringent rules pertaining to industrial hygiene will drive the segment’s growth. Personal care segments will likely grow by a CAGR of around 5% and its share is anticipated to be a quarter of the global palm kernel oil and coconut oil based natural fatty acids market. Rising income levels, increasing beauty-consciousness and popularity of organic personal care products will drive the segments growth during the forecast timeframe.
Market share calculation in this report is not done based on companies covered in it. The calculation of palm kernel oil and coconut oil based natural fatty acids market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Surfactants form an essential part of detergents and cleaners that are used for industrial and residential cleaning purposes. Rising demand for surfactants owing to increasing awareness about workplace and industrial hygiene will drive the global palm kernel oil and coconut oil based natural fatty acids market during the forecast timespan.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1143
These fatty acids are used as an important source of hydrophobic surfactants due to their adaptable properties, natural origin and consistent supply. Increasing industrial developments will result in growing demand for surfactants for cleaners which in turn will augment the global palm kernel oil and coconut oil based natural fatty acids market in the future.
Global palm kernel oil and coconut oil based natural fatty acids market will also be augmented by the growing popularity of bio-based and herbal chemicals, mostly in personal cleaning products. Bio-based personal care products industry in 2015 was valued over USD 10 billion and will likely rise above USD 24 billion in 2024. The advantages of organic chemicals over their synthetic counterparts in terms of minimal side-effects and extra benefits will contribute to the global palm kernel oil and coconut oil based natural fatty acids market growth during the forecast period.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1143
Fluctuating raw material prices may hamper the global palm kernel oil and coconut oil based natural fatty acids market as it may hinder the entry of new players. In 2013, coconut and palm kernel oil prices changed by a rate of -10.38% & -15.14% respectively. In 2015, the rate of change was 28.93% & 21.53% for coconut and palm kernel oil respectively. As Asia Pacific has the highest concentration of coconut and palm kernel, cost of raw materials in other regions may also increase considerably.
Detergents, personal care, plastics, rubber are the major end-user industries in the global palm kernel oil and coconut oil based natural fatty acids market. Detergents is the most prominent end-user segment and its value is projected to be around USD 3 billion in 2024. High demand for industrial and residential cleaners and stringent rules pertaining to industrial hygiene will drive the segment’s growth. Personal care segments will likely grow by a CAGR of around 5% and its share is anticipated to be a quarter of the global palm kernel oil and coconut oil based natural fatty acids market. Rising income levels, increasing beauty-consciousness and popularity of organic personal care products will drive the segments growth during the forecast timeframe.
Market share calculation in this report is not done based on companies covered in it. The calculation of palm kernel oil and coconut oil based natural fatty acids market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results