Undecylenic Acid Market Analysis and Industry Outlook, 2016-2023

An outlook on Undecylenic Acid market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years. This market is was worth over USD 310 million in 2015 and is likely to be valued more than USD 520 million by 2023, growing at a CAGR of over 5.8%.

Increasing application scope in pharmaceutical industry coupled with growing consumer awareness regarding renewable source ingredients is likely to drive undecylenic acid market growth over the forecast period. Numerous pharmaceutical formulations use undecylenic acid & its calcium & zinc salts ac active ingredients for anti-fungal properties for applications in fungal skin infections such as ringworm and athletes foot.

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Abundant availability of castor oil derived from vegetable sources is likely to favor market growth. India dominated the castor oil production and accounts for over 60% of the total volume with over 900 kilo tons of capacity. China and Brazil account close to 20% & 10% respectively of the total production volume. Castor oil market growth and derivative production would play a significant role in industry evolution. Castor oil market size, including derivatives, is forecast to exceed USD 2 billion by 2023.

Renewable sources are gaining a lot of industry importance as a substitute for petroleum in numerous applications such as personal care & cosmetics and polymers. There is consideration not only for future fossil fuel supplies but also due to environmental concerns.

They can be used for polyol production which is a starting material along with icocynate for polyurethane (PU) production. Market volatility and enviornmental concerns are factors expected to push industry participants to derive sustainable feedstock with efforts to replace petroleum based polyols by vegetable based polyols. This factor is expected to provide industry participants with new growth opportunities.

This acid is used for nylon-11 production which offers good resistance to solvents and chemicals. Nylon-11 is termed as polyamide bioplastic derived from castor oil and is produced by Arkema & is marketed under tradename Rilsan. Nylon-11 has low enviornemnatal impact and offers superior thermal resistance. It is used for application such as pneumatic air brakes, automotive fuel lines, oil & gas flexible pipes, sport shoes, control fuel umbicals and electronic device components.

Undecylenic acid and derivatives are used for perfumery applications. For example, methyl undecylenate are used in lilac perfumes, ethyl undecylenate is used in rose perfume compositions, alkyl undecylenate is used as odor modifiers in floral banquets. Other undecylenic acid derivatives such as undecylenic aldehyde, undecylenic alcohol and undecalactone are also used for perfumery applications used in various compositions such as rose, lilac and jasmine.

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The global undecylenic acid market share is fragmented and is characterized by cost competitiveness and service provided. Companies operating in this market include Jayant Agro Organics Ltd, Acme Synthetic Chemicals, Arkema, Shreei Pharma International, Triveni Interchem, A.B. Enterprises Nikunj Chemicals , Indo-Expo Oleochemicals Pvt Ltd.

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