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Sodium Caprylate Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2024

Pre Book Price: $ 5216

Original Price: $ 5795

Sodium caprylate is a sodium salt derivative of caprylic acid which is a eight carbon based fatty acid also known as octanoic acid. Because of this sodium caprylate is also known as sodium octanoate which has the same molecular formula. Compounds of caprylic acid are generally found in milk of various mammals. It is also a minor constituent of palm kernel oil and coconut oil. Generally caprylic acid is not directly used in end-user industries but esters produced from the compound such as sodium caprylate are used in various applications. Sodium caprylate is predominantly found in white powder form and it is a stable water soluble compound under ordinary condition. Sodium caprylate can be used as binders, emulsifiers, anticaking agent, etc. in many end-user industries.

Primarily sodium caprylate is a laboratory grade chemical though it may cater to very niche applications in end-user industries such as food, pharmaceutical, etc. It has been proven that sodium caprylate has the ability to kill E. coli bacteria. It can be used as an antimicrobial surface sanitizing agent in commercial food handling equipments such as dairy equipment, food processing equipment, breweries, wineries, and beverage processing plants. As sodium caprylate has disinfecting properties it can also be used in animal care facilities, health care facilities, office buildings, schools & colleges, recreational facilities, industrial facilities, retail and wholesale establishments, livestock premises and hotels & restaurants as a disinfecting agent. The compound can be used as a protein stabilizer for molecules such as albumin and fibrinogen under heat sterilization condition.

Sodium caprylate is a specialty chemical catering to very niche markets. As demand of sodium caprylate is dependent on low volume and specialty market, its price is expected to be at higher side, especially from manufacturers in developed regions such as North America and Europe. In price sensitive regions such as Asia Pacific and Middle East where scope of sodium caprylate to be used in major end-user industries is even lower due to absence of technology and proper market, higher price may act as a constraint for growth in its demand. Caprylic acid and other derivatives of it including sodium caprylate have experienced growth in demand in developed regions such as North America and Europe. The market is expected to grow further in future because of rising demand in FMCG and industrial sector in those regions.  

Developed regions such as Europe and North America together contribute to most of the market. As it is predominantly used as a lab grade chemical economic crisis resulting in fewer investments for R&D sectors in European and North American market is expected to act as a restraint for growth in sodium caprylate market in these regions. On the other hand, Chinese manufacturers are more focusing on increasing capacities of caprylic acid and primarily targeting the developed markets such as Europe and North America to sell their products in a cheaper price. This situation would force North American or European sodium caprylate manufacturers to cut their expenditures on development or manufacturing of the chemical. Currently local manufacturers contribute to a very small portion of Asia Pacific market but with demand sa of European and North American market and technological advancements in major economies in Asia Pacific, market share of local manufacturers is expected to increase. 

Some of the major companies involved in the sodium caprylate market are 3B Pharmachem (China), Acme Synthetic Chemicals (India), Energy Chemical (China), Mubychem Group (India), TCI Co., Ltd. (Japan), Viva Corporation (India), Zhangjiagang Specom Biochemical Co., Ltd. (China), etc.

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