Global Palmitic Acid Market Growth 2023-2029

Global Palmitic Acid Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Palmitic Acid Industry Forecast” looks at past sales and reviews total world Palmitic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Palmitic Acid sales for 2023 through 2029. With Palmitic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Palmitic Acid industry.
This Insight Report provides a comprehensive analysis of the global Palmitic 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 Palmitic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Palmitic Acid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Palmitic 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 Palmitic Acid.
The global Palmitic Acid market size is projected to grow from US$ 237.7 million in 2022 to US$ 282.4 million in 2029; it is expected to grow at a CAGR of 282.4 from 2023 to 2029.
Global Palmitic Acid key players include Wilmar International, KLK Oleo, IOI Oleochemical, PT Sumi Asih Oleochemical, PT.Cisadane Raya Chemicals, etc. Global top five manufacturers hold a share about 60%. Southeast Asia is the largest market, with a share about 60%, followed by China, with a share about 25 percent. In terms of product, Fractionated Type is the largest segment, with a share about 75%. And in terms of application, the largest application is Soap & Detergent, followed by Cosmetics, Grease & Lubricant, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Palmitic Acid market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Distilled Type
Fractionated Type
Segmentation by application
Soap & Detergent
Cosmetics
Grease & Lubricant
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 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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Palmitic Acid market?
What factors are driving Palmitic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Palmitic Acid market opportunities vary by end market size?
How does Palmitic 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.