Factors such as progressive demographic changes and consumer awareness regarding personal care have boosted the capric acid market. Moreover, increasing consumption of processed and packaged food products has fostered the demand for new artificial flavoring and coloring agents. However, the exposure in its refined form leading to skin or pulmonary irritation and irregular availability of raw materials are the major factors restricting the market growth. The prominent pharmaceutical companies intend to use the capric acid present in coconut oil to manufacture drugs for diabetic patients, which boosts the growth of the market.
The capric acid market is segmented on the basis of source, end user, and geography. Based on the source, the market is categorized into animal and plant sources. The end users of the market include food & beverages, industrial chemicals, personal care, and pharmaceuticals sectors, among others. The market is analyzed on the basis of four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Leading market players have adopted expansion as their key strategy, owing to the increasing demand and wide variety of end-use applications. In January 2013, Ecogreen Oleochemicals announced the expansion of its Batam (Indonesia) plant to increase its production capacity to 360,000 tonnes/year. In July 2015, Univar USA, Inc. acquired Chemical Associates, Inc. to foster the development of innovative products and optimization of chemical manufacturing methods.
The key players profiled in this report include Oleocomm International Ltd., Henan Eastar Chemical Co. Ltd., Ecogreen Oleochemicals (Singapore) Pte Ltd., Chemical Associates, Inc., Acidchem International Sdn. Bhd, and Chemseed, among others.
KEY BENEFITS FOR STAKEHOLDERS:
The report provides a quantitative analysis of the current market and estimations for the period of 2014-2020 to enable stakeholders to capitalize on the prevailing market opportunities.
Comprehensive analysis of the market segments provide a clear view and potential to the stakeholders.
Current and future trends provide to determine the overall outlook and individual trends for better understanding of the market.
Value chain analysis of the market provides a clear picture of the role of individual stakeholders in the value chain.
The report provides information regarding key drivers, restraints and opportunities for North America, Europe, Asia-Pacific, and LAMEA regions.
SWOT analysis highlights the internal and external environment of key market players for effective strategy formation.
KEY MARKET SEGMENTS:
Market By Source
Animal
Plant
Market By End Users
Food & Beverages
Industrial Chemicals
Personal Care
Pharmaceuticals
Others
Market By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Others
Asia-Pacific
India
China
Japan
Others
LAMEA
Latin America
Middle East
Africa
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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