Global Erucamide Market will hit USD 257.3 Million By 2020: atozresearch

The report covers forecast and analysis for the erucamide market on a global and regional level. According to the report, the global erucamide market was valued at approximately USD 213.6 Million in 2014 and is expected to reach approximately USD 257.3 million by 2020, growing at a CAGR of around 3.2% between 2015 and 2020. In terms of volume, global erucamide market stood at 421.2 Kilo Tons in 2014.The study includes drivers and restraints for the erucamide market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the erucamide market on a global level.

The slower blooming rate of erucamide is very effective in roll stock applications, where film that is excessively slippery leads telescoping of rolls and winding troubles. The slower exudation of erucamide may result in more efficient corona treatment. Furthermore, erucamide finds extensive application in dye dispersants, high grade lube-oil, anti-fog and waterproof agent for paper making and textile industries, metal-wire drawing lubricant agent and foam-stabilizer among others.

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In order to give the users of this report a comprehensive view on the erucamide market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the erucamide market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

Growth in the usage of plastic films and sheets and increasing demand from food packaging industry are key factors are projected to be major demand drivers in the erucamide market. Thus, escalating application in pharmaceutical and food packaging and untapped Asia-Pacific market is expected to offer new growth prospects for the global erucamide market within the forecast period. However, stringent regulations on the usage of erucamide owing to its toxic effects on health are expected to hamper the market growth during the forecast period. Hence, this factor is expected to be major restraint for erucamide market. Furthermore, advancement in the slip additives is expected to provide new growth avenues to the market in the near future.

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Based on application, the erucamide market has been segmented into food packaging, paper and textile industry, surfactants, printing & dying and others (emulsifier, lubricants etc.). Food packaging segment was the largest segment with over 67.3% share of the global market in 2014. Growing demand for food packaging across the world is expected to drive the demand for erucamide across the world. Surfactants are another leading segment constituted 9.0% of the market share in 2014. This segment is expected to experience moderate growth in the years to come.

The study provides a decisive view on the erucamide market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. This segmentation includes demand for individual applications in all the regions.

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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global erucamide market. Key players profiled in the report include BASF SE, PMC Group, Nanjing Xinxu Industry Co., Ltd., ICC Chemical Corporation, Angene International Limited and Haihang Industry Co., Ltd.

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