According to a new market report published by Credence Research “Corn Oil Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023,” the corn oil market was valued at US$ 0.14 Bn in 2015, and is expected to reach US$ 0.18 Bn by 2022, expanding at a CAGR of 3.5% from 2016 to 2023.
Browse the full Corn Oil Market for Biodiesel, Cooking Oil, Soap Making, Paint, Textiles, Pharmaceutical Preparations and Other Applications – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/corn-oil-market
Corn oil is extracted from the germ of corn. The small germinating part of the seed which further grows in to the corn plant is called as germ. Germs are rich in oils and nutrients. Corn oil is known as healthy edible oil which is widely used as cooking oil. It is known as healthy oil as it is consists of polyunsaturated fats and very low saturated fat. Corn oil is used for various applications which include domestic as well as industrial applications.
Based on applications, the global corn oil market was segmented into biodiesel, cooking oil, soap making, paint, textiles, pharmaceutical preparations and other applications. Among these, the biodiesel accounted for major share of global corn oil market in 2015 and is anticipated to retain its position in the near future. Corn oil is expected to experience high demand from the biodiesel manufacturing industries as corn oil is used as feedstock for biodiesel production. Therefore, the biodiesel industry is expected to boost high growth of global corn oil market.
Cooking oil accounted as the second largest application of corn oil and is expected to rise in the near future. Corn oil is known to be the healthiest cooking oil and hence is expected to experience high demand in the market. In terms of demand, soap making application followed cooking oil application and accounted as the third largest application segment of corn oil market. Other applications of corn oil are also projected to boost market growth for corn oil during the forecast period.
North America accounted for major share of global corn oil market in 2015 and is expected to retain its position in the near future. Corn oil is Canada’s third valuable crop and is grown on a large scale. Hence, high demand is experienced for corn oil from various end-user industries in the region. Asia Pacific accounted as the second largest market for corn oil and is expected to generate high demand for corn oil market during the forecast period. Corn oil is known to be healthy edible oil which is widely used for cooking, frying, baking, etc.
Therefore, high demand for corn oil as cooking oil in the region has boosted market growth in most countries of Asia Pacific. Europe accounted as the third largest market for corn oil due to the growing demand for corn oil as biodiesel feedstock. Strict environmental reforms have led to high demand for biofuels in the region. Hence, high demand is reported for corn oil in the region. Other regions such as Latin America and Middle East & Africa are also projected to fuel growth of global corn oil market during the forecast period from 2016 to 2023.
Browse the full report at http://www.credenceresearch.com/report/corn-oil-market
Production of biodiesel
Widely used as cooking oil
Used in various industrial applications
Opportunities from increasing research activities for use as feedstock in production of biofuels
Polyphenylene Sulfide (PPS) Market By Application (Electrical & Electronics, Automotive, Industrial, Coatings, Filtration & Filter Bags) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2022
CBRNE (Chemical, Biological, Radiological, Nuclear And Explosives) Detection Equipment Market By (Radiation Detectors, Standoff and Standalone systems, Emergency and First Responders Systems, Reconnaissance Vehicles, Hazmat Suits and Protective Clothing, Unmanned Vehicles, Training Simulators) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2022
UV Cured Resins Market By Mode Of Application (Masking Materials, UV-Cured Resins Inks, Pre-Coated Gaskets, UV Cured Resins Adhesives), By End Users (Packaging, Graphic Arts, Industrial Coating, Healthcare, Electronics) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith
Designation: Global Sales Manager
Web: Credence Research
Release ID: 5245