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Linoleic acid is identified as a poly unsaturated fatty acid that is necessary for hair, skin and for cognitive control. It can be naturally produced by humans or consumed with a variety of food ingredients. It is used in a cooking oils; among dietary applications; and in variety of industrial applications. The acid has anti-carcinogenic characteristics. Solvent-borne and hot melt adhesives, printing inks, adhesives and sealants, and graphic arts are well known applications of linoleic acid in the market.
The increasing adoption in paint & coatings industry is driving the growth of linoleic acid market. The acid is used in adhesives and sealants to produce quick-drying. Also, it is used to form color-retentive paints suitable for automotive or marine designs to provide an environmental protection. Moreover, beneficial health properties of linoleic acid has fueled the demand in food industry. Therefore, the rapid growth of these end-use industries has led to promising growth opportunities for linoleic acid. However, stringent government regulations in regards with the limited use of linoleic acid has hinered the market growth.
Key Market Driver -
Increased application in paint and coatings industry coupled with food industry is expected to drive the market.
Key Market Restraint -
Stringent government regulations is likely to restrict the market growth
Based on grades the market for linoleic acid is further segmented into food grade, and industrial grade. Based on the end-use industry the market for linoleic acid is further segmented into Food, Construction, Personal Care, Adhesive & Sealants, Paint & Coatings, and Others. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global & regional players operating in the linoleic acid market includes, 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
Asia-Pacific dominated the global market of linoleic acid. Growing adoption in safety coatings and rapid drying of alkyl & epoxy resin ester coatings in Japan, India and China is fueling growth of the market in the region. Europe, led by Italy, France, Spain and Germany, will see major gains in the demand for linoleic acid. Rapid developments in natural cosmetic ingredients, supported by growing consumer preference for natural anti-aging skin care products, is expected to boost product demand in Europe. Increased construction activities supported by the expansion of public infrastructure projects can drive demand for paints & coatings, acting as another key factor to the growth of North American market. Middle East and Latin America are showing moderate growth. Brazil is expected to experience a growing demand for linoleic acid due to its use in dairy products, animal feed and home care products. Market growth is driven by an increasing awareness of linoleic acid health and medical benefits.
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