Caprylic/Capric Triglycerides is a mixed triester available in form of liquid. Caprylic/capric Triglycerides is derived from coconut oil and glycerin, and works as an emollient or as a dispersing agent in different applications. Major companies operating in the caprylic/capric triglycerides market are Croda International plc (U.K.), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Peter Cremer North America (U.S.), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), and BERG + SCHMIDT GmbH & CO. (Germany).
Caprylic/capric Triglycerides, owing to its excellent properties of longer shelf life and skin protection (helps in creating barrier on the skinís surface to protect skin from extreme weather conditions) is used in cosmetic products that help retain skinís moisture. Caprylic/capric triglyceride is widely used in personal care products such as skin care, body care, hair care and others, along with in food & beverage products, pharmaceuticals, and others (vitamins, dietary supplements, rubber & latex, plastics among others).
Some of the important strategies adopted by key companies to strengthen their market position are launching of new products, joint ventures, and capacity expansion. These companies are also investing in R&D activities to strengthen their product portfolio and their position in the caprylic/capric triglycerides market.
Oxiteno (Brazil) is one of the major producers of caprylic/capric triglycerides. The company is actively focusing on strategic development. For instance, in 2016, the company announced the expansion of its plant in Pasadena, Texas. The plant, with a capacity of 170 thousand tons/year, is part of the companyís strategic plan for USD 113 Million investment in the U.S. The plant will help the company to expand its portfolio of surfactants and specialty chemicals, as well as its alkoxylation technologies. The company, through its industrial unit, R&D centers, commercial offices, and authorized distributors will mark its presence in countries such as the U.S., Mexico, Venezuela, Brazil, Uruguay, China, Colombia, Argentina, and Belgium.
Oleon NV (Belgium) is an important player in the Europe caprylic/capric triglycerides market. The company has a wide product portfolio of caprylic/capric triglycerides, which are used in personal care, food & beverages, pharmaceuticals, and various industrial applications. The caprylic/capric triglyceride produced by Oleon NV is used as chemical ingredient in different applications. The company is actively focusing on the development of caprylic/capric triglycerides.
Caprylic/Capric Triglycerides Market by Application (Personal Care, Food & Beverages, Pharmaceuticals, and Industrial & Others), and Region (Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa) - Global Forecast to 2026
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