Caprylhdroxamic Acid Market Size Forecast to Reach $37.2 Million by 2025

October 9, 2020

Caprylhdroxamic Acid Market size is forecast to reach $37.2 million by 2025 after growing at a CAGR of 6% during 2020-2025. Caprylhdroxamic Acid is derived from coconut oil and is used in anhydrous and surfactant systems as well as emulsions. The growth of the market of caprylhdroxamic acid is expected to be driven by the high demand from the cosmetic industry. The other growth factor is pharmaceutical industry which is using caprylhdroxamic acid as antibacterial, which protects from bacterial diseases.

Key Takeaways

Asia-Pacific dominates the caprylhdroxamic acid Market owing to increasing demand from Pharmaceutical sector.

Rise in the coconut production drive the extraction/production of the caprylhydroxamic acid.

The high cost of production and high price of raw materials are the major restraint for the growth of the global caprylhdroxamic acid market.

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Geography – Segment Analysis

APAC dominates the caprylhydroxamic acid market with a share of 40% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the pharmaceutical and health care sector, due to the large prospective population in the region coupled with the factors which are inducing the growth of the market such as rising personal disposable income and increasing internet penetration in the region. Further, distribution of personal care product market has a huge role in the success of a company as it directly impacts the demand and supply in the market and hence the revenue. With the rising penetration of internet and e-commerce across the globe, the reach of personal care products companies has increased. The perks of e-commerce have not only benefitted the companies but also the consumers in terms of pricing and a vast range of options available to them.

Drivers – Caprylhdroxamic Acid

Caprylhdroxamic Acid are organic replacement to parabens

Caprylhdroxamic Acid is proven to have a list of benefits for baby care products

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