Pelargonic Acid Market Size: 2024, Industry Trends, Emerging Company Share, Growth Opportunity and Forecast To 2031 | Central Drug House, Croda International Plc.

Market Overview:

Pelargonic acid is a monocarboxylic acid that acts as an antimicrobial and fungicide agent. It is used in cosmetics, personal care products, pesticides and other industrial applications.

Market Dynamics:

The pelargonic acid market is expected to witness significant growth over the forecast period owing to the rising demand from end-use industries such as personal care, home care and agriculture. Pelargonic acid finds wide application in household and industrial cleaners due to its antimicrobial properties. It is used as a preservative and fungicide in cosmetics, hair care and skin care products. The growing personal care industry, especially in emerging economies, is fueling the demand for pelargonic acid. Furthermore, the increasing acceptance of organic farming practices is boosting the consumption of pelargonic acid-based biopesticides for crop protection.

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Major market players included in this report are:

★ Central Drug House
★ Croda International Plc.
★ Emery Oleochemicals
★ Glentham Life Sciences Limited
★ Haihang Industry
★ Kunshan Odowell Co.
★ Ltd
★ Matrica S.p.A
★ OQ Chemicals GmbH
★ Tokyo Chemical Industry Co., Ltd.,
★ Zhengzhou Yibang Industry & Commerce Co.
★ Ltd

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Grade:
✦ Natural Grade
✦ Synthetic Grade

By Application:
✦ Detergents
✦ Lubricants
✦ Lacquer & Coatings
✦ Herbicide
✦ Food Additives
✦ Others (Personal Care & Cosmetics, and Others)

Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Growing demand from personal care industry is driving the pelargonic acid market

The personal care industry has been one of the major consumer of pelargonic acid. It is widely used in various personal care products such as hair care products, skin care products, oral care products and others. Pelargonic acid acts as cleansing agent and surfactant in these products. It helps in creating creamy texture and also improves the foaming properties. Growing consciousness about personal hygiene and appearance among consumer has been boosting the sales of various personal care products. This in turn is driving the demand for pelargonic acid from this industry. The population around world is increasing steadily and disposable incomes are also rising in developing countries. This will amplify the sales of personal care products, thereby supporting the growth of pelargonic acid market in coming years.

✦ Increasing usage as natural preservative in food industry is propelling the pelargonic acid market

Pelargonic acid is approved by various regulatory bodies as natural food preservative. It has wide application as preservative in wide range of food products such as bakery products, dairy products, meat products, beverages and others. It restricts the growth of microbes and inhibits spoilage of food products. Being natural ingredient, it is preferred alternative to synthetic preservatives. Rising health consciousness among consumer is driving the demand for natural ingredients in food products. Manufactures are focusing on developing food products with natural preservatives. This trend will significantly boost the consumption of pelargonic acid in food industry. Moreover, growth in global processed food industry will also augment the pelargonic market in future.

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✦ Lower substitutability potential can hamper the pelargonic acid market growth

Even though pelargonic acid has wide range of applications, the availability of close substitutes can limit its demand growth. Diacetin and caprylic acid are considered as potential substitutes in applications such as personal care products and food preservatives. These substitutes are chemically similar to pelargonic acid and offers comparable functional properties. Diacetin and caprylic acid are relatively cheaper compared to pelargonic acid. This price advantage facilitates easy substitutability, if the raw material prices of pelargonic acid increases significantly. The substitutability potential can restrain the pelargonic acid market from reaching its true potential over the forecast period. Manufacturers need to focus on differentiating pelargonic acid through enhanced quality and novel applications development.

✦ Rising demand for bio-based chemicals presents lucrative opportunity

Growing awareness about environmental protection and sustainability has increased the preference for plant-based and bio-based chemicals. Pelargonic acid can be produced from natural sources like palm kernel oil, coconut oil and corn through fermentation process. This bio-based production method makes it attractive bio-based building block chemical. Currently, bio-based pelargonic acid accounts for very small portion in the overall pelargonic acid supply. However, with rising customer interest in eco-friendly products, the demand for bio-pelargonic acid is expected to surge tremendously in coming years. This presents lucrative opportunity for market players to strengthen their portfolio with bio-based pelargonic acid and capitalize growing demand. Manufacturers needs to work on technological advancements to produce it economically on large commercial scale.

✦ Innovative application development will be crucial trend shaping pelargonic acid market

Future growth prospects of pelargonic acid largely depends on continuous development of innovative new applications. Currently, it has widespread application in personal care and food industry. However, to sustain high growth momentum, industry players must focus on exploring novel application areas. R&D investments needs to be increased for development of value-added application such as new home care and industrial formulations. Emerging application fields like biomedical and agrochemical can open new doors of opportunities. Partnerships with end-use industry and technology companies will help in commercializing novel application ideas. This continuous expansion into new application territory will strengthen demand and carve out new niche market for pelargonic acid over coming years.

Key Questions

• How much revenue will the global Pelargonic Acid Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Pelargonic Acid Market?

• What are the indicators expected to drive the global Pelargonic Acid Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Pelargonic Acid Market to expand their geographical presence?

• What are the major advancements witnessed in the global Pelargonic Acid Market?

• This report answers these questions and more about the global Pelargonic Acid Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Pelargonic Acid Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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