Dodecanoic Acid Market Size & Share, by Type (Fractionated Fatty Acids, Distilled Fatty Acids); Application (Food & Beverage, Textile, Pharmaceutical, Chemical, Cosmetics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3954
  • Published Date: Jan 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Dodecanoic Acid Market size is poised to reach USD 1 Billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of dodecanoic acid was USD 165 Million. The reason behind the growth is impelled by the growing burden of cardiovascular diseases across the globe which are usually brought on by several risk factors, including low-density lipoprotein (LDL) cholesterol, diabetes, high blood pressure, smoking, secondhand smoke exposure, obesity, poor diet, physical inactivity. Moreover, dodecanoic acid is used to treat cardiovascular diseases, as it can potentially increase the secretion of LDL (good cholesterol) in the body. For instance, the number of CVD-related deaths worldwide rose from around 12 million in 1990 to more than 19 million in 2022.

The growing awareness regarding personal hygiene is believed to fuel the market growth. Globally, people's everyday knowledge of hygiene has altered owing to social media awareness, and different health education efforts run by healthcare facilities, which help to clarify the relationship between general health and personal cleanliness.


Dodecanoic Acid Market
Get more information on this report: Request Free Sample PDF

Dodecanoic Acid Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Food & Beverage Industry - Dodecanoic acid, commonly referred to as dodecanoate or lauric acid, is used as a raw material for emulsifiers in a variety of food and beverage additives which are chemicals that are added to food to preserve its nutritional value and preserve its appearance. According to estimates, the size of the global food and beverage market is projected to reach around USD 9925 billion by 2027.
  • Growing Usage in Textiles- Dodecanoic acid is a straight-chain, twelve-carbon medium-chain saturated fatty acid that is utilized in the production of leather, fur, and textiles, and also works well in textile production applications as a lubricant and process agent since it facilitates the mixing of water and oil.
  • Surging Emphasis on Sustainability- Dodecanoic acid has been suggested for usage as a cost-effective, environmentally beneficial, and commercially viable material as it is a naturally occurring and renewable resource and comes from sustainable sources such as coconut oil and palm kernel oil.

Challenges

  • Growing Adoption of Herbal Products such as Indian Soapberry, Curd, Indian Gooseberry, and Egg Yolk – Owing to their medical and nutraceutical qualities, home remedies including cleaning hair with Indian gooseberry, Indian soapberry, egg yolk, and curd are extensively being used in herbal medicine and cooking. Lately, more and more individuals are delving further into the uses and advantages of soapberries in Ayurveda driven by rising concerns and awareness of the possible hazards linked with chemical-based personal care products and the potential negative impacts that manmade chemicals like phthalates, sulfates, and parabens may have on the environment and their health.
  • Imposition of strict rules and regulations on the manufacturing of dodecanoic acid may result in higher production costs
  • Availability of Alternative Materials is expected to limit the adoption of lauric acid.

Dodecanoic Acid Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~14%

Base Year Market Size (2023)

~ USD 165 Million

Forecast Year Market Size (2036)

~ USD 1 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Dodecanoic Acid Segmentation

Application (Food & Beverage, Textile, Pharmaceutical, Chemical, Cosmetics)

The cosmetics segment in the dodecanoic acid market is estimated to gain a robust revenue share of 45% in the coming years owing to the growing sales of beauty and skin care products. For instance, the skincare, fragrance, cosmetics, and haircare segments of the global beauty market brought in about USD 425 billion in revenue in 2022. Particularly, the number of beauty orders increased by over 12%, while Indian consumers' willingness to pay increased by over 1% for cosmetics and self-care. The skincare industry is huge and expanding mostly driven by the need for routines, online sales of natural skincare, and the growing penetration of the internet.

This has increased demand for dodecanoic acid or lauric acid 99% which is a multipurpose oleochemical that has a slight smell similar to soap or bay oil and can be found in coconut oil among other natural sources. It is a dazzling white, powdery solid and can be applied topically, it is safe for cosmetic usage. Wetting agents, soaps, alkyd resins, and cosmetics are all made with decanoic acid which comes from RSPO-certified farmers and is non-GMO, allergen-free, and BSE-free. This product is used to emulsify lotions and creams for the face since it benefits the skin by lowering bacteria and inflammation in the skin, is frequently used to treat acne, and aids in skin restoration.

Type (Fractionated Fatty Acids, Distilled Fatty Acids)

Dodecanoic acid market from the distilled fatty acids segment is set to garner a notable share shortly. Distilled fatty acid is a by-product of the refining of vegetable oil which is a viscous, brownish-yellow liquid with a faint that is often used in industry to make lubricants, soaps, and detergents that can be used to produce various products that are utilized in detergents and cosmetics via saponification, sulphonation, or sulphation. Moreover, dodecanoic acid can be obtained by further distilling the content, which ranges from around 40% to 75%.

Our in-depth analysis of the global market includes the following segments:

            Type

  • Fractionated Fatty Acids
  • Distilled Fatty Acids

            Application

  • Food & Beverage
  •  Textile
  •  Pharmaceutical
  •  Chemical
  • Cosmetics

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Dodecanoic Acid Industry - Regional Synopsis

APAC Market Forecast

Dodecanoic Acid market in Asia Pacific is predicted to account for the largest share of 43% by 2036 impelled by the growing chemical sector. The Indian chemicals industry stands out as one of the fastest-growing worldwide. It is known as a favored center for the production of specialty chemicals for both local and international markets. that provided over 5% of the nation's Gross Domestic Product (GDP) in 2022. Moreover, the country’s chemical sector has a bright future driven by increasing import replacements, robust export growth, and rising domestic consumption across end-user industries.

North America Market Statistics

The North America dodecanoic acid market is estimated to be the second largest, during the forecast timeframe led by rising personal disposable income. For instance, the United States' disposable personal income rose by over 0.2% in October 2023 compared to the same month the previous year. As a result, consumers have been spending more of their discretionary cash on cosmetics in the region which is expected to drive the demand for lauric acid.

Research Nester
Dodecanoic Acid Market size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Dodecanoic Acid Landscape

top-features-companies
    • Croda International plc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Agarwal Industries Private Limited
    • ExcelVite Sdn. Bhd.
    • Wilmar International Limited
    • Oleon NV
    • Timur Oleochemicals
    • Lascaray S.A.
    • Kraton Performance Polymers, Inc
    • Chemol Company Inc.

In the News

  • Kraton Performance Polymers, Inc., a global producer of bio-based specialty polymers, announced its merger with DL Holdings Co., Ltd.
  • Oleon NV one of the leading producers of oleochemicals announced to offer of a variety of goods, such as bodying agents, emulsifiers, emollients, and solubilizers made from sustainable resources such as palm, coconut, and sunflower oil.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3954
  • Published Date: Jan 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing burden of cardiovascular diseases across the globe and the growing awareness regarding personal hygiene are the major factors driving the growth of the market.

The market size of Dodecanoic Acid is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024-2036.

The major players in the market are Agarwal Industries Private Limited, ExcelVite Sdn. Bhd., Kao Corporation, Wilmar International Limited, Oleon NV, Timur Oleochemicals, Lascaray S.A., Kraton Performance Polymers, Inc, and others.

The cosmetics segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Dodecanoic Acid Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying