Transparency Market Research
(www.transparencymarketresearch.com) 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.
This 125 page report gives readers a comprehensive
overview of the Capric Acid market. Browse Market Research Report @
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.
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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Capric Acid market. Request a sample to stay abreast on the key
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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.
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.)
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