Sodium Caprylate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI1330
Sodium Caprylate Market size is expected to witness a substantial growth from 2016 to 2024. Derived from the caprylic acid, sodium caprylate is a form of salt which is a fatty acid with eight carbon base. It is also well known as octanoic acid or sodium octanoate as they have the same molecular formula.
Extensive application in pharmaceutical and food industries will be major drivers for overall sodium caprylate market growth. It is a laboratory grade specialty chemical and caters to a very niche market. It has been confirmed that the product finds usage to kill E. Coli bacteria, found in the intestines of animals and humans. Certain type of E. coli bacteria is harmful and can be the cause of vomiting, diarrhea and stomach cramps. The Centers for Disease Control and Prevention (CDC) estimated that every year, more than 250,000 infections in the United States are caused due to E. coli. Hence it is used as an antimicrobial surface sanitizing agent in food handling equipments on a commercial scale such as beverage processing plants, wineries, breweries, food processing equipments and dairy equipments. Global sodium caprylate market is also projected to grow further due to the rising demand of industrial sector and FMCG.
Sodium caprylate market demand is dependent on the specialty chemicals industry and low production volume. Hence the price is expected to be much greater taking into consideration the manufacturers are present in the developed regions like Europe and North America. In the Middle East and Asia Pacific, due to price sensitivity, the product is used in only major end-user industries. This is also due to the absence of proper sodium caprylate market and technology; higher prices may be the reason for growth restraints. Also, as the product is used as a laboratory grade chemical, economic crises resulting in less investments for research and development sectors in the North America and Europe is likely to act as a restraint for the growth of sodium caprylate market in these regions.
The product is mainly found in white powder form, and is water soluble under normal condition. It can also be used as anticaking agent, emulsifier and binders in the end-user industries. The compounds of caprylic acid are also found in the milk of several mammals. Also, small constituents are found in the coconut oil and palm kernel oil. Technology development in the product extraction from natural resources will further augment the global sodium caprylate market growth in coming years.
Sodium caprylate market will witness growth owing to its disinfecting properties and extensive usage as a disinfecting agent in hotels & restaurants, livestock premises, wholesale & retail establishments, industrial facilities, recreational facilities, colleges & schools, office buildings, healthcare facilities, and animal care facilities. This compound can be used as a stabilizer for protein in molecules such as fibrinogen and albumin under heat sterilization conditions.
North America and Europe are the developed regions contributing most to the sodium caprylate market. Manufacturers in China, on the other hand, are focusing more on increasing the production capacities and primarily targeting the developed markets of North America and Europe to sell their products at a cheaper rate. Creating this situation would subsequently make the North American and European sodium caprylate market participants to cut down their expenditures on the manufacturing and development of the chemicals. In the Asia Pacific, the local manufacturers contribute to a very small portion in the sodium caprylate market. Looking forward to the demand in North America and Europe, and the technological advancements in the primary economies of Asia Pacific region, the sodium caprylate market share of the local producers is likely to increase.
Some of the major players in the sodium caprylate market include J&K Scientific Ltd., Alfa Aesar, MaaS Pharma Chemicals, Mutchler Inc., Baxter, Kirsch Pharma, Grainger, Ing. Petr Svec – PENTA, KEGG DGROUP, AMT Labs & Kelatron, VWR, Fisher Scientific, EMD Millipore, Zhangjiagang Specom Biochemical Co. Ltd., Viva Corporation, TCI Co. Ltd., Mubychem Group, Energy Chemical, Acme Synthetic Chemicals and 3B Pharmachem to name a few.
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