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. According to AMA, the Global Palm Acid Oil market is expected to see growth rate of 6.14% and may see market size of USD679.9 Million by 2025.
- 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.
Some of the key players profiled in the report 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). Analyst at AdvanceMarketAnalytics see Asian Vendors to retain maximum share of Global Palm Acid Oil market by 2025. Considering Market by Processing Type, the sub-segment i.e. Crude will boost the Palm Acid Oil market. Considering Market by Free Fatty Acid [FFA], the sub-segment i.e. 20-50% will boost the Palm Acid Oil market. Considering Market by Packaging, the sub-segment i.e. Barrels will boost the Palm Acid Oil market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Palm Acid Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Palm Acid Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.