Palmitic Acid Market

Palmitic acid market: download the most recent information empowered by an Ai-driven market intelligence platform. Data provide market prices, trade, consumption, companies, exports, production, market size, and imports. There is a breakdown by country, including Africa, Russia, the U.K., EU, China, the U.S., Latin America, and the Middle East. Market insights and outlook to 2030 are also provided in the snapshots.

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Palmitic Acid - World's Largest Markets

In value terms, the United States, China and Japan constituted the countries with the highest levels of market value in 2020, together accounting for 50% of the global market. India, Brazil, Pakistan, Germany, Mexico, Taiwan (Chinese), Nigeria, Indonesia, Canada and Turkey lagged somewhat behind, together accounting for a further 27%.

Among the main consuming countries, Nigeria (+192.8% per year) saw the highest growth rate of market size, over the period under review, while market of palmitic acid, stearic acid, their salts and esters for the other global leaders experienced more modest paces of growth.

Palmitic Acid, Stearic Acid, Their Salts And Esters Prices

Palmitic Acid, Stearic Acid, Their Salts and Esters - Top Importers

In value terms, the United States ($99M), Nigeria ($54M) and Saudi Arabia ($45M) constituted the countries with the highest levels of imports in 2020, with a combined 22% share of global imports.

Nigeria (+192.7% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Palmitic Acid, Stearic Acid, Their Salts and Esters - Top Exporters

In value terms, Malaysia ($164M), India ($135M) and Indonesia ($134M) appeared to be the countries with the highest levels of exports in 2020, together accounting for 50% of global exports. These countries were followed by Singapore, Italy, the United States, Germany, Spain, Belgium, the Netherlands and Turkey, which together accounted for a further 37%.

The Netherlands saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Forecast

Driven by rising demand for palmitic acid, stearic acid, their salts and esters worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Palmitic Acid - Product Coverage

• HS 291570 - Acids; saturated acyclic monocarboxylic acids; palmitic acid, stearic acid, their salts and esters