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市场调查报告书
商品编码
1389886
全球棕榈酸市场:依纯度、形式、类型、应用、最终用途产业和地区评估、机会和预测(2016-2030)Palmitic Acid Market Assessment, By Purity, By Form, By Type, By Application, By End-use Industry, By Region, Opportunities, and Forecast, 2016-2030F |
2022年全球棕榈酸市场价值为3.6241亿美元,到2030年将达到5.0367亿美元,在预测期内(2023-2030年)复合年增长率为4.2%,预计将会增长。 推动棕榈酸成长的关键变数包括增加使用清洁剂以维持住宅和工业设施良好的卫生标准,以及增加润滑脂和润滑剂的产量。 同样,最近与一系列含有棕榈酸添加剂的皮肤和护髮产品相关的产品开发在预测期内创造了显着的棕榈酸增长前景。
化妆品和个人护理行业的收入增长归因于关键决定因素,例如对基于生物成分的化妆品的关注点的转变以及消费者对亲肤产品的偏好不断增加。 此外,传染病的爆发、工业製造设施清洁和卫生标准的提高以及消费者对家用清洁产品的偏好的增加是加速清洁产品采用的关键因素。 因此,化妆品/个人护理产品和清洁产品的日益普及正在刺激对棕榈酸的需求,以确保优异的抗炎和清洁性能,从而推动市场成长。我们正在推动。 另一方面,各种棕榈酸替代品的供应是市场成长的障碍。
本报告分析了全球棕榈酸市场,提供了产品概述、市场基本结构、整体市场规模趋势展望、按细分市场和地区划分的详细趋势、市场背景情况、以及主要市场趋势,我们正在调查影响因素、主要公司概况、市场占有率等。
为涵盖的所有地区/国家提供每个细分市场的资讯。
上面列出的公司并非按市场份额排序,并且可能会根据研究工作中获得的资讯进行更改。
The global palmitic acid market was valued at USD 362.41 million in 2022 and is expected to grow to USD 503.67 million in 2030 with a CAGR of 4.2% during the forecast period between 2023 and 2030. The primary variables boosting the growth of palmitic acid include an increase in the adoption of cleaning products to maintain superior hygiene standards in residential and industrial facilities and the rise in the production of greases and lubricants. Likewise, the recent product developments associated with the skincare and haircare products range with palmitic acid additives will create a prominent palmitic acid growth outlook during the forecast period.
The revenue growth of the cosmetics and personal care sector is ascribed to key determinants, including a shift in the focus of bio-ingredient-based cosmetics products and the rising consumer preference for skin-friendly products. In addition, the increasing prevalence of infectious diseases, rising cleaning and hygienic standards in industrial manufacturing facilities, and the growing consumer inclination towards home cleaning products are the prime factors accelerating the adoption of cleaning products. Thus, the increasing adoption of cosmetics & personal care and cleaning products is spurring the demand for palmitic acid to ensure superior anti-inflammatory and cleaning properties, which is fostering the market growth. Nonetheless, the availability of various substitute products for palmitic acid is a roadblock to market growth.
The significant properties of palmitic acids, including superior sustainability, high purity, and excellent effectiveness, enhance the surface-active agent's properties. As a result, palmitic acid is an ideal chemical for the cleaning sector. The prominent factors influencing the cleaning products industry growth include the recently opened manufacturing facility, the launch of a new range of products, and the increasing adoption of sanitization range in healthcare facilities.
For instance, in February 2023, Ecolab, a global manufacturer of cleaning products, introduced Ecolab Scientific Clean, a new range of consumer retail product lines ideal for application in residential, industrial, and commercial facilities. The primary focus of the products is on ensuring high-quality sanitization. Hence, the bolstering cleaning industry is boosting the demand for palmitic acids to ensure superior foaming properties in the end products, which, in turn, is propelling the market growth.
Palmitic acid is a type of fatty acid frequently deployed as a feedstock in producing soaps & detergents to improve the cleansing properties. The advent of the COVID-19 pandemic in 2020 increased the awareness related to hygiene and sanitization products, which, in turn, is fostering the demand for soaps and detergents. As a result, the production activities related to detergents and soaps are increasing globally.
For instance, according to the recent statistics published by the Chemicals and Petrochemicals Manufacturers' Association (CPMA), in 2021-22, the production of synthetic detergent intermediates was 780 thousand tons, an annual growth rate of 6.0%. Therefore, the increase in the production activities related to detergents and soaps is fueling the demand for palmitic acid since the chemical is deployed as an emulsifier. This, in turn, is proliferating the market growth.
The factors driving the growth of the palmitic acid industry in the European region include stringent sanitization norms, increasing research and development activities related to cosmetics products, and rising food processing activities. Thus, various end-use industries, including cleaning, cosmetics and personal care, and food are registering significant growth due to the above-listed factors.
According to the recent statistics published by the International Association for Soaps, Detergents and Maintenance Products (A.I.S.E.), in 2022, the European home cleaning products industry was valued at USD 35.9 billion (Euro 34.1 billion), representing a year-on-year growth rate of 5.2%. Likewise, the industrial cleaning sector in Europe was valued at USD 9.2 billion (EURO 8.7 billion), an annual growth rate of 19.1% in 2022. As a result, the expanding industries, including cleaning and cosmetics & personal care in Europe, are fueling the demand for palmitic acid, which, in turn, is driving the market growth.
The increasing trend for the inclusion of bio-based materials in cosmetics products, coupled with the significant share of women's personal hygiene products, will augment the cosmetics & personal care market growth in the coming years. For instance, according to Invest India, the Indian personal care and hygiene industry will be valued at USD 17.34 billion in 2026. Therefore, advancements in the personal care and hygiene sector in the upcoming years will create a favorable potential for the palmitic acid market in the long run.
The leading players in global cleaning product manufacturing are eradicating the employment of petroleum-based feedstock to comply with long-term sustainability targets. For example, in September 2020, Unilever, a leading player in household cleaning products, announced the elimination of petroleum-based raw materials in cleaning products by 2030. Henceforth, the long-term sustainability targets will aid the deployment of organic compounds, including palmitic acid, thereby creating a lucrative opportunity for market growth in the coming years.
The hospitals are the major end-users of industrial cleaning products. As a result, developing new hospital infrastructure will accelerate the demand for cleaning products in the coming years, creating a prominent palmitic acid market growth outlook. For illustration, as of October 2023, the construction of UCI Health's all-electric hospital is in progress in the United States. The UCI Health all-electric hospital is due to open in 2025.
The prominent palmitic acid market players with a strong presence across major regions such as North America, Europe, and Asia-Pacific include BASF SE, KLK OLEO. (Kuala Lumpur Kepong Berhad), Kao Corporation., and IOI Oleochemical (IOI Corporation Berhad). The increasing consumer preference for organic compounds-based products is prompting fatty acids manufacturers to enter the palmitic acid industry through acquisition strategies, leading to increased competition in the overall market.
In August 2020, Croda International Plc., a leading global player in the fatty acids market, acquired Avanti Polar Lipids, Inc., a United States-based manufacturer of palmitic acid. The acquisition of Avanti Polar Lipids, Inc. has strengthened the market position of Croda International Plc. in the global palmitic acid industry.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.