Global Sodium Palmitate Market: Overview

Sodium palmitate is a sodium salt of palmitic acid used as a cleaner in personal care as well as in laundry and dishwashing products. However, it is commercially produce from saponification of palm oil. It is used as an emulsifying agent in various personal care and other products including dishwashing and laundry products. The global sodium palmitate market is growing at a significant growth over the forecast period, owing to rapid growth of surface active agents in personal care industry. The Asia-Pacific sodium palmitate market accounts for relatively high revenue share, followed by North America sodium palmitate market, attributed rapid growth of pharmaceutical as well as personal care market.

Global Sodium Palmitate Market: Dynamics

Microeconomic factors factor driving the global sodium palmitate market include growing personal care and pharmaceutical industry and high demand for emulsifying agents in both the industry particularly in regions such as North America, Asia-Pacific, and Europe. However, health hazards of palmitic acid including the risk of cardiovascular infraction may lead to restraining the global sodium palmitate market. Sodium palmitate use in soap will clean the skin but may dry it out which is also another important factor for restraining the global sodium palmitate market. Other side effects of sodium palmitate on human body including vomiting, diarrhoea, irritation to eye, skin and mucosal membrane, and respiratory distress and upper airway irritation most often in young children also expected to create an adverse impact on the global sodium palmitate market. The company manufacturing sodium palmitate products has a significant opportunity in regions such as North America, Europe, and Asia Pacific, attributed to high demand for personal care products across the regions over the forecast period. Companies have a significant opportunity in the global sodium palmitate market through collaboration with end-users i.e. personal care product manufacturers.

Global Sodium Palmitate Market: Segmentation

The global sodium palmitate market is segmented by end-use industry, application, and by region. The personal care industry segment is expected to contribute to the significant revenue share with a relatively high growth rate over the forecast period, owing to high demand for sodium palmitate in soap production. Pharmaceutical segment is followed by personal care industry in the global sodium palmitate market. By application segment, emulsifying segment is expected to contribute for relatively high revenue share in the global sodium palmitate market, attributed to significant demand for emulsifying agent in personal care as well as pharmaceutical products.

Based on the end-use, the global sodium palmitate market is segmented into:

  • Pharmaceutical
  • Personal Care
  • Dishwashing and Laundry

Based on the application, the global sodium palmitate market is segmented into:

  • Viscosity Controlling Agent
  • Emulsifying Agent
  • Cleansing Agent

Global Sodium Palmitate Market: Regional Overview

By geographies, the global sodium palmitate market is segmented into seven regions -- North America, Western Europe, Asia-Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa, and Japan. Among the regions, APEJ is expected to dominate the global sodium palmitate market, owing to a significant revenue share in personal care product market. North America is followed by Asia-Pacific in the global sodium palmitate market, attributed to rapidly rising demand for emulsifier in pharmaceutical industry. The Western Europe and Eastern Europe are expected to account for significant revenue share in the global sodium palmitate market with a moderate growth rate over the forecast period. Latin America and Middle East Africa is expected to have a moderate opportunity for the sodium palmitate market, owing to growing economy and relatively low-value share in the global personal care market. Overall, the outlook for the global sodium palmitate market will have a positive growth over the forecast period.

Global Sodium Palmitate Market: Key Players

Few players of global sodium palmitate market include Aurora Fine Chemicals LLC, Tokyo Chemical Industry (TCI), AHH Chemical Co., Ltd., Glentham Life Sciences Ltd., Ark Pharm, Inc., AK Scientific, Inc. (AKSCI), 1717 CheMall Corporation, Alfa Chemical Corp., Parchem Fine & Specialty Chemicals, and Acadechem Company Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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