© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network Caprylic Acid Market Analysis, Trends & Forecast to 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America, led by caprylic acid market size, accounted for a largest chunk of the industrial demand in Growth in personal care and processed food industry should drive regional industry growth. It is also used as disinfectant in healthcare facilities, school/colleges, animal care/veterinary facilities, industrial facilities, wholesale establishments, hotels/motels.  Europe caprylic acid market size, led by Germany, UK, Italy and France, should witness moderate gains throughout the forecast timeframe owing to growth of personal care & cosmetic industry. Product benefits such as ability to reduce cellulite, wrinkle and age spots should positive influence regional product demand.  Asia pacific, led by Japan, India and China caprylic acid market size, accounted for a sizeable portion of the demand in Pharmaceutical industry growth along with rapid industrialization should drive regional industry growth. Regional Analysis of Caprylic Acid Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Caprylic acid market size from food and beverage applications expects significant gains over the forecast period. This compound is used as anti-microbial ingredient for food contact surfaces and equipment in brewery, winery, and meat processing plants. It stimulates hunger, increases appetite, maintain proper functioning of digestive tract and pH balance of body.  Pharmaceutical applications has been a major consumer of caprylic acid market and occupies a sizable portion of the demand. Technological innovations, aging population, as well as rising awareness regarding generic medicine should drive product demand throughout the forecast period. It is mostly used for treatment of epilepsy, crohn’s disease, urinary tract infections, bladder infections and oral gingivitis. Application Analysis of Caprylic Acid Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Growth of personal care industry in Thailand, Malaysia, Indonesia and Brazil should drive caprylic acid market size. Rising costs of animal fats and vegetable oil with higher export duties is expected to hamper demand as feedstock for product formulations which can cause supply deficit and affect caprylic acid market price trend. Government based incentive plans encouraging growth of renewable, natural fatty acids should provide new avenues for product demand.  Company like Solazyme Inc. developed new technology for production which uses algae oil as raw material. This oil has attributes to produce cost effective acid and meet growing consumer demand. Caprylic acid market share is moderately fragmented with the presence of numerous domestic and MNCs. Some of the industry particpants include Oleon, Evergreen Oleochemicals, Pacific Oleochemicals Sdn. Bhd, KLK Oleo and Wilmar International Vantage Oleochemical. Competitive Market Share of Caprylic Acid Market :

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