The global linoleic acid market size is set to experience dynamic growth in the forthcoming years owing to the increasing demand for linoleic acid from the food and beverage industry across the world, finds Fortune Business Insights™ in its report, titled “Linoleic Acid Market, 2022-2029”.
Linoleic acid has gained prominence in the major end-user industries such as food and beverage, construction, and others due to its anti-carcinogenic properties. There has been a rising demand for linoleic acid from the food and beverage industry worldwide as this type of acid is widely used in cooking oils, and dietary applications. Further, the linoleic acid plays a vital role in heart health as it helps to reduce cholesterol and enhances overall human growth and development. Thus, this is an important factor responsible for the growth of this market. However, the strict government rules and regulations regarding the limited use of linoleic acid are anticipated to restrict the growth of this market.
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COVID-19 Impact:
The COVID-19 pandemic and the subsequent lockdown restrictions worldwide have resulted in the shutdown of all the major industries across the world. This pandemic has also affected the demand for linoleic acid across several regions, posing challenges for the manufacturers in this market.
Market Segmentation:
On the basis of grade, this market is classified into food grade and industrial grade. Based on end-use industry, the market is divided into food, construction, personal care, adhesive and sealants, paint and coatings, and others. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights/Summary:
The report provides an exhaustive assessment of each market segment and also offers an in-depth analysis of the market drivers, trends, opportunities, and hindrances. Furthermore, the report contains a granular examination of the regional developments impacting the market, along with a thorough evaluation of the top market players and their key strategies.
Drivers/Restraints:
Increasing Awareness about the Benefits of Linoleic Acid to Fuel the Market
There has been an increasing awareness among the world population regarding the potential health benefits of linoleic acid as this type of acid helps in decreasing the risk of heart disease and also reduces blood clots. Further, linoleic acid may prove useful in improving insulin sensitivity and blood pressure. Thus, all these are the major reasons responsible for the growth of this market.
Regional Insights:
Increasing Adoption of Linoleic Acid in Safety Coatings to Boost the Asia Pacific Market Growth
The Asia Pacific region is projected to witness significant growth in the linoleic acid market share on account of the rising adoption of this type of acid in safety coatings and rapid drying of resin ester coatings in the countries such as India, China, Japan, and others.
Europe is anticipated to grow at a decent pace in this market owing to the increasing developments in natural cosmetic ingredients and rising customer inclination towards natural anti-aging skin care items in the countries such as Italy, Germany, France, and Spain.
Competitive Landscape:
Increasing Production Capabilities to Feed Competition
The prominent companies in the linoleic acid market are focusing on increasing their production capabilities due to the high demand for linoleic acid from numerous end-user industries. This has resulted in the increasing competition among key companies which will enable them to broaden their business offerings and widen their market presence.
List of Key Players Covered in the Linoleic Acid Market Report:
Eastman Chemicals, Merck & Millipore, BASF SE, Cayman Chemicals, Acme Synthetic, Penta Manufacturing, Caila & Pares, Univar, Inc., Beijing Lys Chemicals, Charkit Chemical, Lluch Essence Sl, Synerzine, S A Pharmachem Pvt. Ltd., Sisco Research Laboratories Pvt. Ltd., Avantor.
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