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Global Oleic Acid (CAS 112-80-1) Market Insight2021-12-30 Comments
The oleic acid (CAS 112-80-1) is forecast to steady increase over the next four years. According to the World Knowledge Information (WKI) “Global Oleic Acid (CAS 112-80-1) Professional Survey Report 2021, Forecast to 2026”, High end products of oleic acid (CAS 112-80-1) are in short supply, which is an important factor to promote the development of oleic acid (CAS 112-80-1) market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.29% base on WKI regression analysis model.
“Government regulations promoting the use of bio based compounds in product manufacturing are expected to stimulate the demand of the global oleic acid (CAS 112-80-1) market. Industry participants in the wait-and-see period can increase investment, and leading enterprises can consider mergers and acquisitions to stabilize their dominant position.”said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.
Oleic acid mainly comes from nature and exists in animal and vegetable oils in the form of glycerides. Oleic acid can be obtained by saponification, acidification and separation of oil with high oleic acid content. Oleic acid has CIS and trans isomers. Natural oleic acid has CIS structure (trans structure can not be absorbed by human body), which has a certain effect on softening blood vessels and plays an important role in the metabolism of human and animals. However, the oleic acid synthesized by human body can not meet the needs and should be taken from food. Therefore, eating edible oil with high oleic acid content is beneficial to health. Therefore, With the improvement of people’s health awareness and living standards, the demand for high-end oleic acid products is increasing.
However, there are other factors that participants in the oleic acid industry need to consider. For example, the oversupply of low-end oleic acid products is one of the important factors hindering the development of the market.
The main market participants operating in the global oleic acid (CAS 112-80-1) market areWilmar Group，Pt. musim mas，PT Ecogreen Oleochemicals，PT. Dua Kuda Indonesia，Cisadane Raya Chemicals，Eastman，VVF Fatty Acids，Emeryoleo，Timur Oleochemicals Malaysia，Pacificoleo，KLK OLEO，Southern Acids Industries，Sichuan Tianyu，Jiangsu jin ma，Akzonobel(Shandong base)，Wilmar Group，IOI Oleochemical，Oleon，Kao，Godrej Industries and others.
Segmentation of Oleic Acid (CAS 112-80-1) Market:
According to the type, the oleic acid market can be divided into high-quality grade and commercial grade. At present, commercial grade occupies a dominant position in the oleic acid market. Because the technology of commercial grade oleic acid products is simple, the industry access threshold is low. However, with the improvement of per capita income, high-quality oleic acid products will grow at the highest compound growth rate in the forecast period. According to the application, the oleic acid market can be divided into cosmetics, intermediates, plastics, textiles, leather and others. Among them, cosmetics occupy the leading position in the oleic acid market. Because cosmetics have become an indispensable part of people’s modern lifestyle. In addition, together with women, men’s use of cosmetics in daily life is also increasing, which promotes the increase of demand in the cosmetics market, thus promoting the expansion of the scale of this market segment.
Oleic Acid (CAS 112-80-1) Market: Regional Analysis
In terms of geography, the global oleic acid (CAS 112-80-1) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Europe currently dominates the oleic acid market, with a share of more than a quarter. The vigorous development of cosmetics industry is the main factor driving the increase in demand for oleic acid products in this region. However, with the improvement of per capita income and health awareness, it is estimated that the Asia Pacific region will grow at the highest compound growth rate in the forecast period. Due to the increasing urbanization and living standards in emerging economies such as China and India and more and more professional women, the demand for high-end oleic acid products is increasing, which promotes the expansion of oleic acid Market in this region.
Largest share area：Europe
Largest share country：Germany