Dodecanoic Acid Market Segmentation:
Application Segment Analysis
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 Segment Analysis
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:
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