The report reviews, analyzes and projects the global Synthetic Vitamin E market for the period 2014-2024 in terms of volumes in Metric Tons and market value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2024
Vitamin E plant closures, such as those of BASF in Germany and others in China, have tightened the supply of vitamin E since the last quarter of 2017. As a consequence of this, the supply of vitamin E will constrict in the first half of 2018 and cause considerable price hikes.
Being a major consumer of vitamin E will adversely affect the animal feed industry, since spikes in prices are likely to increase costs of livestock feed supplements. Already, feed manufacturers and formulators are seeking out alternative ways, such as reducing vitamin E levels in feed or replacing with other ingredients, to alleviate the situation. Analysts are suggesting a challenging outlook for the global vitamin E market till at least the second half of 2018, which would gradually ease off after that.
Asia-Pacific is the largest consumer of synthetic vitamin E globally with a volume share of 35.4% (37 thousand metric tons) in 2017 valued at US$403.3 million. Asia-Pacific is also slated to register the fastest volume CAGR of 2.3% during 2017 to 2024 period reaching 44.6 thousand metric tons in 2024 valued at US$474.2 million.
Research Findings & Coverage
Synthetic Vitamin E market is analyzed in this report with respect to major end-use sectors and key countries across the world
The study exclusively analyzes the market of each end-use sectors of Synthetic Vitamin E by a major geographic region
Installed capacities of Synthetic Vitamin E manufacturers
Supply Shortage of Vitamin E Spikes Prices Forcing Feed Manufacturers to Reduce the Usage
Synthetic Vitamin E Growth to be Propelled by Animal Feed Demand in Developing Economies
Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
Major companies profiled - 14
The industry guide includes the contact details for 109 companies