Thursday 15 March 2018

Lauric Aldehyde Market is Anticipated to Grow at a CAGR of 5.1% During the Forecast Period 2018-2025

As per the report "Lauric Aldehyde Market By Type (Food Grade and Industrial Grade),By Application (Drinks & Food, Cosmetics and Personal Care Products), Industry Trends, Estimation and Forecast,2017-2025" In 2017, the Drinks and Food segment generated the highest revenue share in the global lauric aldehyde market. Among major regions, China was the highest revenue generating market, holding nearly 30% of the market share, in 2017.

“Customer preferences, and demographics have always been influencing the growth of lauric aldehyde market. Some customers prefer their perfumes & cosmetics to be pungent and sharp, while others prefer them to be soft, calm and natural. Increasing e-commerce and rising concerns regarding grooming and beauty, especially among youth, is expected to boost the demand of lauric aldehyde in the consumer driven market.”


Industrial grade lauric aldehyde garnered the highest market share due to its surging demand in varied industrial applications
There is a wide application of lauric aldehyde in industries, especially in the chemical industry. Lauric aldehyde finds an explicit usage as a surfactant in the chemical industry, owing to its ability to reduce the surface tension of water or two immiscible substances. It is also used as a cleaning and conditioning agent in the fabric industry. Moreover, it’s increasing usage as an attractant in agrochemical industry, paint additive and lubricant additive is expected to boost the growth of industrial grade lauric aldehyde market.

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