What is Arachidic Acid Market?
Arachidic acid is also called eicosanoic acid. It is a saturated fatty acid with a 20-carbon chain. It is a minor constituent of cupuaçu butter, perilla oil, peanut oil, corn oil, and cocoa butter. Also, it contains 7.08% of the fats from the fruit of the durian species Durio graveolens. Further, salts and esters of arachidic acid are known as arachidates. Arachidic acid is used in production of detergents, photographic materials and lubricants. These properties and uses is increasing the demand and thus fuelling the market growth.
The market study is being classified by Type (Peanut Oil Separation and Fatty acid Mixture Separation), by Application (Detergent, Personal Care Products, Lubricant and Others) and major geographies with country level break-up.
P &G Chemicals (United States), Cargill (United States), Selleckchem (United States), Emery Oleochemicals (Malaysia), Wilmar International (Singapore), KLK OLEO (Malaysia), IOI Group (Malaysia), Ecogreen Oleochemicals (Singapore), VVF LLC (United States), Parchem (United States) and Maroon group (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Arachidic Acid market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Arachidic Acid market by Type, Application and Region.
On the basis of geography, the market of Arachidic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Wide Range of Applications Such as Personal Care Products and Others.
- Increasing Consumption of Essential Fatty Acids
Market Trend
- Increasing Usage of Personal Care Products
Restraints
- Stringent Government Regulations
Opportunities
- Increasing Research and Developments
- Increasing Demand of Arachidic Acid is Boosting the Market
Challenges
- Stiff Competition Among the Major Players
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others