Capric Acid Market to Reach US$1.86 Billion by 2023, up From US$1.21 bn in 2014: Transparency Market Research

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Transparency Market Research

15 Sep, 2015, 13:30 BST

ALBANY, New York, September 15, 2015 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Capric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." According to the report, the global capric acid market was valued at US$1.21 bn in 2014 and is anticipated to reach US$1.86 bn by 2023, expanding at a CAGR of 5.0% between 2015 and 2023.

Capric acid, also known as decanoic acid, is a saturated fatty acid and has a wide range of applications across several end-user industries. It is used in the manufacture of esters that are required in the production of scents and perfumes. Capric acid is used in the food and beverage industry due to its antimicrobial properties. It is primarily used in breweries, wineries, and meat processing plants. Capric acid is also used in the manufacture of artificial flavors. It finds applications in the personal care industry as well thanks to its attributes of an emulsifier and emollient. It quickly penetrates the surface of skin and provides a lightweight and non-greasy layer of lubrication. Uses of capric acid are seen in the pharmaceuticals industry as well. Furthermore, it is useful in the manufacture of synthetic rubber. Capric acid is employed as a plasticizer in the manufacture of wide range of plastics. It is also widely used for manufacturing lubricating grease. Besides this, the textile industry consumes capric acid for textile treatment and dye manufacturing. Thus, a wide range of applications of capric acid in multiple end-user industries is anticipated to boost the capric acid market during the forecast period.

Browse Market Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/capric-acid-market.html

Personal care was the largest end-user segment in the capric acid market, accounting for around 35% share in 2014. Capric acid is used as an emulsifier and emollient in the manufacture of creams and body lotions. It also acts as a natural antimicrobial agent. Capric acid helps thicken cosmetic formulations and renders lubricating properties. This, in turn, aids solutions in spreading easily, thus providing a smooth after-touch. Food and beverage is also one of the major end-user segments of the capric acid market. Besides this, pharmaceutical and industrial chemicals segments are anticipated to account for a significantly high share of the capric acid market in the near future. Increased usage of personal care products across the globe is fueling the demand for capric acid. Currently, a surge in the usage of capric acid in food and beverage, pharmaceutical, and industrial chemicals industries is likely to augment the global demand for capric acid during the forecast period.

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Key players operating in the capric acid market include Chemical Associates, Oleocomm Global SDN BHD, KLK OLEO, P&G Chemicals, IOI Oleochemicals, Ecogreen Oleochemicals, HENAN EASTAR CHEMICALS CO., LTD., Temix Oleo Srl, VVF L.L.C., and PT Bakrie Sumatera Plantations Tbk.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/capric-acid-market.htm

The report segments the global capric acid market as follows: 

Capric Acid Market - End-user Analysis 

  • Food & Beverage
  • Industrial Chemicals
  • Personal Care
  • Pharmaceutical
  • Others (Rubber, Plastic, etc.)

Capric Acid Market: Regional Analysis 

North America 

  • U.S.
  • Rest of North America

Europe 

  • France
  • Germany
  • Italy
  • Spain
  • U.K.
  • Rest of Europe

Asia Pacific 

  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific

Latin America 

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA) 

  • GCC
  • South Africa
  • Rest of MEA

Other Reports by Transparency Market Research: 

Browse All Other Chemical Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


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