Global Palmitic Acid Market Growth 2025-2031

The global Palmitic Acid market size is predicted to grow from US$ 249 million in 2025 to US$ 289 million in 2031; it is expected to grow at a CAGR of 2.5% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Palmitic Acid Industry Forecast” looks at past sales and reviews total world Palmitic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Palmitic Acid sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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