Palm Acid Oil Market Report

By-product derived from chemical refining of palm oil is known as palm acid oil (PAO). PAO finds application in the formulation of animal feeds, distilled fatty acid production, and laundry soap making. Moreover, it is extensively deployed for mixing in biofuel transportation fuel. Palm acid oil comprises free fatty acid over 50% and neutral oil, along with 2-3% moisture as well as other impurities.

Palm acid oil is very similar to palm fatty acid distillate (PFAD), except the proportion of free fatty acid, which is comparatively lower. Smell and color are the key aspects to be considered. Pretreatment, neutralization, and acidulation are the three steps involved in the manufacturing of palm acid oil. The palm acid oil market has been undergoing a number of product introductions and development. One such instance is pure crude palm acid oil. It consists of natural chemical compounds that are essential for health as well as nutrition. It also helps in reducing the blood serum cholesterol, hardening of the arteries, as well as blood clotting.

Increasing Application of Palm Acid Oil to Act as a Key Driver

Increasing application of palm acid oil in animal feed formulation, distilled fatty acid production, and laundry soap making is a key factor driving the palm acid oil market. Growing awareness among the end-user industries regarding the uses of palm acid oil is also acting as a key factor driving the palm acid oil market. Product innovations and technological advancements are also playing a key role in boosting the market growth.

Key Players to Launch New Products to Sustain the Competition

Key players operating in the global palm acid oil market include Kurnia Sari Utama, PT Energy Feeds, Tanimas Group, Bathich Group, Suryatama Kencana Jaya, LIMA Group, Inter-Trade Solutions, Future Prelude Sdn Bhd, and PT. Global Mandiri Sentosa.

Market participants are expected to launch novel products in order to cater to the large consumer base and gain significant share in the market. For instance, lately, Tanimas Group launched PAO Yellowish Brown with the help of high-grade natural extracts. These oils can be used in the production of cosmetics and soaps.

 Key Points to Remember

●  Increasing application of palm acid oil to act as a key driver in the global palm acid oil market

●  Key players to introduce new products to attract more customers

●  Palm acid oil is expected to gain popularity in the making of laundry soaps

●  Asia Pacific to emerge as a lucrative region in the global palm acid oil market in the forthcoming years

By Product Type

●  PAO Yellowish

●  PAO Brownish

       By Application

●  Soap

●  Animal Feeds

●  Biodiesel

●  Other

The global palm acid oil market is segregated on the basis of product types as PAO Yellowish and PAO Brownish. As per the analysts, demand for PAO Yellowish may witness a surge as compared to other types. The report offers comprehensive analysis of both the product type segments of the global palm acid oil market. According to the researchers, palm acid oil is expected to gain traction in the formation of laundry soaps. Animal feeds and biodiesel are also prophesied to emerge as promising application segments in the near future.

By Region

Asia Pacific is expected to witness significant growth in the coming years owing to large scale production of palm acid oil in the region. Presence of leading manufacturers in countries such as Indonesia and Malaysia could be one of the leading factors supporting the overall growth of the palm acid oil market in Asia Pacific. Europe is also likely to emerge as a promising region in the coming years. The regional analysis will give a clear cut understanding to the readers regarding the current and future situations of the palm acid oil market.

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