Global Palm Acid Oil Market Overview:
Palm Acid Oil (PAO) is a by-product obtained from the alkaline refining of palm oil. It consists mainly of Free Fatty Acid (FFA) and neutral oil, with moisture and other impurities. This oil proves to be a suitable candidate for the base material for lubricant due to its very high FFA contents and is cost beneficial. It is used for making laundry soaps and for producing calcium soaps for animal feed formulations. PAO is very similar to palm fatty acid distillate (PFAD), but its FFA is generally lower. The growing demand for palm acid oil is expected to drive market growth in the upcoming years. Some of the key players profiled in the study are Kurnia Sari Utama (Indonesia), Future Prelude Sdn Bhd (Malaysia), PT. Global Mandiri Sentosa (Indonesia), PT Energy Feeds (Indonesia), LIMA Group (Spain), Tanimas Group (Indonesia), Bathich Group (Malaysia), Wawasan Agrolipids Sdn. Bhd. (Malaysia), Aum Group (India) and Kurnia Kebal Sdn. Bhd. (Malaysia). According to Market Analyst at AMA, the Global Palm Acid Oil market may see a growth rate of 6.14% and would reach the market size of USD679.9 Million by 2025.
On the basis of geography, the market of Palm Acid Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Processing Type, the sub-segment i.e. Crude will boost the Palm Acid Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Free Fatty Acid [FFA], the sub-segment i.e. 20-50% will boost the Palm Acid Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Barrels will boost the Palm Acid Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Use in Soaps Manufacturing
- Distilled Fatty Acid Production
- Increasing Use for Mixing Biofuel Transportation Fuel
- Increasing Production by Countries such as Indonesia and Malaysia
- Not Suitable for Humans Consumption
- Benefit Less Viscosity at High Temperatures
- Increasing Use of Palm Acid Oil in Animal Feed Formulation
- Growing Awareness Among the End-User Industries
- Product Development Costs
In Palm Acid Oil Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Target Audience:New Entrants/Investors, Analysts and Strategic Business Planners, Palm Acid Oil Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Major Objectives Focused through this Study To define, describe, and forecast the Global Palm Acid Oil market on the basis of product [PAO Yellowish and PAO Brownish] , application [Laundry Soap, Animal Feeds, Bio-Fuel/Bio-Diesel Production and Other [Methyl Ester, Fatty Acids Manufacture]], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Palm Acid Oil market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Palm Acid Oil industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Palm Acid Oil market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.