As per the report, the global oleic acid (CAS 112-80-1) market is predicted to expand at a 4.2% moderate CAGR during the forecast period 2019-2025. By the end of 2025, the global market revenue is prophesied to touch over US$ 5,500 Mn. In 2018, the global market value was more than US$ 3,900 Mn.
Government Regulations in Support of the Use of Bio-based Compounds to Bode Well
Government regulations promoting the adoption of bio-based compounds in the manufacture of products are expected to stoke the demand in the global oleic acid (CAS 112-80-1) market. Availability of oleic acid in different grades is another factor improving the demand. The global market growth is also predicted to gain strength from the swelling demand for personal care and cosmetic products. However, the production of oleic acid (CAS 112-80-1) could be affected due to the changes in climatic conditions hampering the availability of natural resources.
Global Oleic Acid (CAS 112-80-1) Market: Forecast by Type and Application
The global oleic acid (CAS 112-80-1) market is segmented on the basis of type and application. By type, the report studies two segments, i.e. commercial grades and premium grades. By application, the global market is categorized into textiles and leathers, plastic, intermediate, cosmetics, and others.
Chinese Oleic Acid Industry to Focus on Development of High-end Products
The report analyzes the regional growth of the oleic acid (CAS 112-80-1) market, taking into consideration key geographies, viz. Japan, China, Europe, and North America. According to the analysts, Japan, Europe, and North America are expected to remain as main consumers of oleic acid (CAS 112-80-1), accounting for an aggregate consumption volume share of close to 65%.
Oleic acid available in Chinese domestic markets is more advanced compared to imported oleic acid. This is mainly due to the development of Chinese domestic oleic acid markets. The oleic acid industry in China is prognosticated to expand in the downstream industry chain and take advantage of the resource-rich land of the country. Furthermore, it is expected to concentrate on the development of high-end products.
Global Recovery Trend Compels Investors to Stay Optimistic despite Competition Problems
A number of players are foreseen to focus on offering high-end oleic acid (CAS 112-80-1) products because of their large demand in domestic as well as international markets. Investors are expected to show an optimistic attitude toward the growth of the global oleic acid (CAS-112-80-1) market despite the presence of competition problems. This could be due to the clear global recovery trend. In addition, the authors of the report anticipate the availability of new investments in the near future.
The analysts profile key players of the global oleic acid (CAS 112-80-1) market such as Timur Oleochemicals Malaysia, VVF - Fatty Acids, Emery Oleochemicals, Eastman, PT. Musim Mas, Cisadane Raya Chemicals, PT. Dua Kuda Indonesia, and PT. Ecogreen Oleochemicals.
Full Report Overview@ https://www.qyresearch.com/index/detail/955565/global-oleic-acid-cas-112-80-1-market