GMI

Linoleic Acid Market share by applications and regions for 2017- 2024

Press Release   •   Jan 22, 2018 07:00 EST

Linoleic Acid Market is mainly driven by food & beverages, paints & coatings and adhesives & sealants industries. It is a fatty acid which is essential for healthy hair and skin, as well normal brain function.

Food and beverages industries dominated linoleic acid market size. LA is obtained from food as it is not produced organically. Global food and beverages market was valued at USD 115 billion in 2016 and may exceed USD 320 billion by 2024, with gains at over 16%. It is used in various end-use products such as margarine, vegetable oils, drying soaps and oils. It helps in balancing omega-3 and omega-6 fatty acid in human body through vegetable oil consumption and more of fish and less of meat.

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Department of Health & Human Services suggests consuming 12 to 17 grams of LA per day for an adult beneficial for heart to minimize risk of irregular heartbeats along with reducing triglyceride levels and decelerating plaque growth in arteries. It also benefits muscles and have anti-carcinogenic properties which aids blood sugar regulation. Increasing consumer preferences towards better diets and healthy lifestyle may boost linoleic acid demand.

Positive application outlook in paints and coatings industry may drive linoleic acid market size. These products are used in alkyd formulations to control hardness and cure rate. Global paints & coatings market may exceed 65 million tons by 2024, with gains at over 5%. LA is used in producing quick-dry oils which have strong application in oil paints & varnishes industry due to its air drying and color stability properties, thereby promoting market growth. These oil paints are frequently used on marine or automotive designs to provide a coating resistant to constant environmental stress.

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Linoleic acid find application in cosmetics and personal care products. LA provides moisturizing, anti-inflammatory and healing support to skin. It helps in softening the skin, fight acne and keeps skin youthful. Global cosmetics market may surpass USD 675 billion by 2024 by growing at a rate of over 6.5%. Asia Pacific accounted for over 35% of the total market share in 2015 due to the changing lifestyles and increase in beauty consciousness among the consumers. Linoleic acid is widely used in anti-ageing products and as an emulsifier in making soap and quick drying oils. Increasing demand for anti-ageing and anti-acne may positively impact industry growth.

Increasing prices of fish oils, high costs involved in R&D activities along with limited raw material supply may hamper industry growth thereby impact linoleic acid profitability along with affecting linoleic acid price trend.

North America, led by the U.S. linoleic acid market size may witness significant gains owing to increase in vegetable oil consumption. Vegetable oil is found in abundance in consumers diets as LA contains monounsaturated fats which helps in reducing cholesterol levels in the body which is likely to favor industry growth.

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Europe linoleic acid market size may grow steadily over the foreseeable timeframe as high demand for cosmetics products may propel product demand. Lack of linoleic acid in cosmetics may dry out the skin and hair loss & trans epidermal water loss increases which has led to rise in LA usage in cosmetics thereby stimulating regional market growth.

Asia Pacific, led by India, Japan, South Korea and China linoleic acid market should register significant growth over the projected period owing to strong application in paints & coatings industry. Asia Pacific accounted for over 49% of the total paints sales owing to growing automotive industry. Oil paints are used in automotive and marine sector as it has quick drying and color stability properties, which may drive regional industry growth.

Global linoleic acid market share is fragmented with some of the key participants include Cognis, Lipid Nutrition, Dalian Innobioactives Co., Nature’s Way, Zhongshan Unicare Natural Medicine Co. Ltd., Aiko Natural Products Co., Ltd., Jarrow Formulas, Vitae Caps and NOW Foods.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.