Global Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market to Reach US$7.98 bn by 2023
Transparency Market Research has published a new report titled “Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the global palm kernel oil and coconut oil based natural fatty acids market was valued at US$5.32 bn in 2014 and is anticipated to reach US$7.98 bn by 2023, expanding at a CAGR of 4.6% between 2015 and 2023. Palm kernel oil and coconut oil based natural fatty acids comprise medium-chain oleochemicals such as lauric acid, myristic acid, caprylic acid, and capric acid. These natural fatty acids have broad usage in detergents, personal care, plastics, rubber, and other end-user industries. Natural fatty acids act as surfactants in detergents and personal care end-user industries owing to the presence of hydrophilic and hydrophobic groups in these molecules. Availability from bio-based and renewable sources encourages indust...