Global Myristic Acid Market, By Application (Frozen Food & Beverage Additives, Cosmetics, and Medical) & Geography- Forecast till 2019
Myristic Acid is a fatty acid found in nutmeg, palm oil, coconut oil, butter fat, and spermacetin. Myristic Acid has a wide range of applications. It can be used as a flow agent, emulsifier, chemical intermediate, internal and external lubricant, as well as an anionic and nonionic surfactant.
Myristic Acid are intensively used in industries such surfactants and esters, food and beverages, plastics, soap and detergents, textiles, and personal care. Myristic Acid is also used as effective inhibitors against Ehrlich ascites tumor, and in other therapeutic uses in medical science. Frozen food and beverages have become an important part of modern diet. Frozen food market is expected to grow at a CAGR of 3.6% by 2019. This high growth is contributing to the increasing consumption of the myristic acid. In addition, demand for natural fatty acids from developing countries such as India, China, Indonesia and Thailand. Moreover, the U.S. and European countries are progressively recovering from the economic downturn. The growing demand for natural fatty acids in the industries such as personal and household care, plastics, rubber and detergents is expected to drive the global myristic acids market in the coming years. The report covers application areas such as Frozen Food & Beverages Additives, Cosmetics, and medical.
The market is projected to grow at a CAGR of XX.X% during 2014-2019.
This market research study provides a detailed qualitative and quantitative analysis of the global myristic acid market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the fatty acid market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
Competitive scenarios of the top players in the myristic acid market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. Companies, such as Procter and Gamble Co., Akzo Chemicals, Sigma- Aldrich, R&D Chemicals, Tokyo Chemical Industry, MoIPort, Aurum Pharmatech LLC, ABI Chem, Indofine Chemical Company Inc., Macali Tesque Inc., Extrasynthese SA, Kodak, Fluka, Accurate Chemicals, MP Biomedicals, ABBLIS Chemicals and other are operating in this market.
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Trimyristin is a fat which is made up of a C14 fatty acid, which is myristic acid, and glycerol. There are three major sources of trimyristin are coconut oil, palm kernel oil, babassu oil. Most of this trimyristin used in the production of myristic acid and myristyl alcohol splitting this fat.