Stratview Research has launched a new report, titled The Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market is segmented by End-User Type (Detergents, Personal Care, Plastics, Rubber, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Surge in demand for detergents across the globe and use of palm kernel oil and coconut oil based natural fatty acids as a surfactant are some of the major factors driving the growth of the market. Furthermore, the market for palm kernel oil and coconut oil based natural fatty acids will be driven by a growing preference for bio-based, environmentally-friendly product, especially in the personal care sector. Increasing demand for herbal products will have a substantial impact on the growth of the market due to their natural qualities and limited side effects.
Market Segments’ Analysis
Based on the end-user type, the market is segmented as detergents, personal care, plastics, rubber, and others. The detergents industry is one of the most significant end-users of the palm kernel oil and coconut oil based natural fatty acids market. This segment is expected to register major share of the market during the forecast period. The growth of the segment is owing to the high demand for residential as well as industrial detergents and cleaners. Furthermore, stringent norms regarding industrial cleanliness will escalate the growth of the detergents sector remarkably over the forecast period. In addition, the personal care segment is estimated to witness significant growth in the market owing to increasing disposable income and growing popularity of natural cosmetic products for skin and hair care among consumers.
In terms of regions, Asia-Pacific is a prominent region in the global palm kernel oil and coconut oil based natural fatty acids market. The region is expected to maintain its incontestable lead during the forecast period as well. The growth of the region’s market is driven by palm kernel and coconut production, as well as the presence of numerous oleochemical manufacturers in the region. More than three-quarters of coconut and palm kernel production is concentrated in the region, of which a significant share is used for the oleochemical sector and application in making end-products such as soaps, detergents, and personal care products.
The following are the key players in the Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market
- Chemical Associates, Inc.
- Emery Oleochemicals
- Kao Corporation
- Kuala Lumpur Kepong Berhad
- OLEON NV
- Pacific Oleochemicals Sdn Bhd
- Procter & Gamble
- Twin Rivers Technologies, Inc.
- United Coconut Chemicals, Inc.
- Wilmar International Ltd.
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
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