IGR has announced the addition of a new research study on the "Coconut Fatty Acids Market" to its report database.
Pune, India -- (SBWIRE) -- 03/01/2018 -- The report "Coconut fatty acids Market by type (Whole Coconut Fatty Acids and White Coconut Fatty Acids), Function(Emulsifier, Additives, Lube and Others), Application (Chemicals, Food &Beverages, Household &Personal Care, Textile and Others (Paint &Coatings, Metal Works, etc.)) - Global Industry Analysis, Trends analysis and Forecast up to 2024 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa)", global coconut fatty acids market is projected to grow at a CAGR of 4.5% over the forecast period of 2018-2024. Factors driving the growth of this market include increasing demand for coconut fatty acids coupled with strong consumption in surfactants owing to their real origin& versatility, growing consumer awareness towards natural & bio-based products and rising demand for coconut fatty acids in personal care and household sector.
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Whole Coconut Fatty Acids are estimated to account for the largest share of the market in 2018
By product type, the coconut fatty acids market is classified into whole coconut fatty acids and white coconut fatty acids.Whole coconut fatty acids include low IV whole coconut fatty acids and partly hydrogenated whole coconut fatty acids. Furthermore, based on white coconut fatty acids the market is categorized into stripped white coconut fatty acids, low IV white coconut fatty acids and others.The whole coconut fatty acid segment is expected to lead the global coconut fatty acids in 2018. Factor driving the growth of this segment include increasing demand from household & personal care as well food & beverages sector owing to its delicious coconut smell and imparting mild coconut flavour in the cooking & baking.
Household & personal care are estimated to command the largest share of the market during the forecast period
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Based onapplication, the coconut fatty acids market is categorized into chemicals, food and beverages, household and personal care, textile and others (paint and coatings, and, metal works, etc.). The household & personal care segment are estimated to account for the largest share of the global coconut fatty acids market during the forecast period. The heavy consumption of coconut fatty acids in household sector owing to its reliable supply and real origin and rising disposable income coupled with increasing demand in personal care sector for coconut fatty acids owing to growing consciousnessare the key factors driving the growth of this application segment.
Asia Pacific is estimated to command the largest share of the market
Based on region, the coconut fatty acids market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the coconut fatty acids market in 2018. This is attributed to factors such as large number of coconut production in the region, growing application of coconut fatty acids such as soaps, detergents and personal care sector and presence of several oleochemical manufacturing industries.
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The report profiles some of the key companies in the coconut fatty acids market including United Coconut Chemicals, Inc., Guangzhou Hangsheng Chemical Industry Co., Ltd., Osky Integrated, Timur Oleochemicals Malaysia, Twin Rivers Technologies, Inc., Vantage Specialty Chemicals, Inc., Pacific Oleochemicals Sdn Bhd, Emery Oleochemicals, Chemical Associates, Inc. and Echo Chem Pacific Sdn. Bhd.
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