Global Lauric Acid Market Growth 2023-2029

Global Lauric Acid Market Growth 2023-2029

Lauric acid, also properly known as dodecanoic acid, is a saturated fatty acid commonly found in coconut and palm oils, as well as in milk. Appearing as a white, powdery substance, its main use in manufacturing is as an ingredient in soaps and shampoos. Infants consume it during breastfeeding, and children, teens and adults ingest it by eating the fruits and oils that contain it. Research suggests it can have multiple health benefits because of its antimicrobial properties, but more studies are necessary to confirm initial results.
LPI (LP Information)' newest research report, the “Lauric Acid Industry Forecast” looks at past sales and reviews total world Lauric Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Lauric Acid sales for 2023 through 2029. With Lauric Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lauric Acid industry.
This Insight Report provides a comprehensive analysis of the global Lauric Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lauric Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lauric Acid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lauric Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lauric Acid.
The global Lauric Acid market size is projected to grow from US$ 621.9 million in 2022 to US$ 738.7 million in 2029; it is expected to grow at a CAGR of 738.7 from 2023 to 2029.
Global Lauric Acid key players include Wilmar, KLK OLEO, IOI Oleochemicals, Musim Mas, Oleon etc. Global top five manufacturers hold a share over 50%.
Asia-Pacific is the largest market, with a share over 40%, followed by North America and Europe, both have a share over 40% percent.
In terms of product, ≥99% Lauric Acid is the largest segment, with a share over 70%. And in terms of application, the largest application is Coating followed by Household Chemicals.
This report presents a comprehensive overview, market shares, and growth opportunities of Lauric Acid market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
≥99% Lauric Acid
98-99% Lauric Acid
70-75% Lauric Acid
Other Lauric Acid (92%, 85%, etc.)
Segmentation by application
Coating
Household Chemicals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Wilmar
KLK OLEO
IOI Oleochemicals
Musim Mas
Oleon
KAO
Permata Hijau
Pacific Oleochemicals
PT.Cisadane Raya
Emery
PT.SUMI ASIH
Bakrie
SOCI
Godrej Industries
AAK AB
VVF
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lauric Acid market?
What factors are driving Lauric Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lauric Acid market opportunities vary by end market size?
How does Lauric Acid break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.