According to a recently published report by Research Nester on “Linoleic Acid Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the linoleic acid market in terms of market segmentation by grade, end use industry and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Linoleic acid market is valued at USD 3.7 Billion in 2019 and is anticipated to cross USD 5.4 Billion by 2027. The market is segmented by usage & end use industry. The market is segmented by application into paint and coatings, food and beverages, adhesives, cosmetics and others. The market is further segmented by grade into reagent & technical grade, medical grade, food grade, others.
Recommendations and health & nutritional claims from EFSA have led to the innovations in the product. Regulatory regimes related to foods and nutraceuticals marketing and labelling that claim health benefits with recommendations on dosage are pleasing the consumers. Adoption of organic ingredients over synthetic chemicals in cosmetics by the consumers with availability of premium natural skincare products is projected to drive the growth of linoleic acid market.
Asia Pacific is likely to capture maximum share till 2027 owing to increasing applications in protective coatings for color retention and fast drying coating production. Rise in the automotive production along with increasing demand for premium quality automobile in India will approve paint and coating demand thus promoting the market growth. Europe is anticipated to have significant growth attributed to product inventions related to natural cosmetic ingredients demanded by the consumers may propel the product demand. Latin America region with countries such as Brazil is estimated to experience increasing demand for linoleic acid on account of its utilization in dairy and home care products.
Increasing Health Concerns
According to the U.S. Department of Agriculture reports, on an average, the current consumption of linoleic acid by adult men is 16 gram per day and by adult women is 12.6 gram per day in the U.S. The impact of bio-based materials for the use in paints and coatings and for adhesives on account of ecological concerns from petrochemical products is developing rapidly. This is projected to boost the demand for linoleic acid in the coming few years.
However, price fluctuations in raw materials is expected to operate as a key restraint towards the growth of linoleic acid market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the linoleic acid market which includes company profiling of Eastman Chemicals, Synerzine, Lluch Essence SL, Merck & Millipore, Sisco Research Laboratories, BASF SE, Avantor, Cayman Chemicals, SA Pharmachem Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the linoleic acid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.