Palmitic Acid Market Volume, Forecast and Value Chain Analysis 2015-2025 by Future Market Insights

By: Future Market Insights  12/15/2015
Keywords: Palmitic Acid Market, Global Palmitic Acid Market, Palmitic Acid Market Forecast, Palmitic Acid Mark

Palmitic acid is also known as hexadecanoic acid in the International Union of Pure and Applied Chemistrynomenclature. The Palmitic acid is one of the most common saturated fatty acid found in plants, animals and microorganisms. The chemical formula for Palmitic acid is CH3(CH2)14COOH. As the name suggests, the Palmitic acid is the major component of oil found in meats, dairy products like cheese, butter, coconut oil and Palm Oil. The salts and esters of Palmitic acid are called Palmitate. The Palmitic acid is used in production of various esters, metallic soaps, fatty amines, fatty alcohols, oxazolines for paint binder, surfactants in cosmetics, liquid and transparent soaps and use in agricultural chemicals and food etc. The largest application of Palmitic Acid is used in making soaps and detergents.

Global Palmitic Acid Market: Segmentation

The global Palmitic acid market can be segmented on the basis of regions, contents and applications. On account of regions, the global Palmitic acid market can be segmented into Europe, North America, Asia Pacific, Middle East and Africa and Latin America. On account of contents, the global Palmitic acid market can be segmented into Capacity and Production Volumes, Raw Materials, Manufacturers, Consumption Structure, Export and Import, Consumers etc. Considering applications, the global Palmitic acid market can be segmented into release agents, hydrogenation Palmitic acid, schizophrenia treatment etc.

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Global Palmitic Acid Market: Region-Wise Outlook

They key regions which produce Palmitic acid complexes include Malaysia, Germany, China and Indonesia. These regions are known for producing high quality sustainable Palmitic acid from natural renewable raw materials. The Asia Pacific is considered as the largest market for Palmitic acid in terms of consumption. Europe, on the other hand, is another market playing key role in consuming Palmitic Acid.

Global Palmitic Acid Market: Drivers

The extensive use of soaps and detergents are the key factors driving the growth of the global Palmitic acid market. The increasing demands from the end use industries like personal care, surfactants, soaps, detergents, food additives and others are playing a major role in fuelling the growth of the global Palmitic acid market. Moreover, growth in end-user industries is predicted to outpour the global Palmitic acid market. Further, increasing cleansing methods adopted by various industries is sweeping up the growth of global Palmitic acid market.

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Keywords: Palmitic Acid Market, Global Palmitic Acid Market, Palmitic Acid Market Forecast, Palmitic Acid Mark

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