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Growth Forecast in Sodium Palmitate Market with Top Prominent Players

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.

Microeconomic elements factor driving the worldwide sodium palmitate market incorporate developing individual consideration and pharmaceutical industry and popularity for emulsifying operators in both the business especially in areas, for example, North America, Asia-Pacific, and Europe. Notwithstanding, wellbeing perils of palmitic corrosive including the danger of cardiovascular infraction may prompt controlling the worldwide sodium palmitate market. Sodium palmitate use in cleanser will clean the skin however may dry it out which is likewise another significant factor for limiting the worldwide sodium palmitate market. Opposite symptoms of sodium palmitate on human body including retching, loose bowels, bothering to eye, skin and mucosal film, and respiratory pain and upper aviation route disturbance regularly in little youngsters additionally expected to make an unfriendly effect on the worldwide sodium palmitate market. The organization fabricating sodium palmitate items has a critical open door in locales, for example, North America, Europe, and Asia Pacific, credited to appeal for individual consideration items over the areas over the figure time frame. Organizations have a huge open door in the worldwide sodium palmitate market through joint effort with end-clients for example individual consideration item producers.

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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.

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.

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