Data Bridge Market Research analyses that the undecylenic acid market will witness a CAGR of 4.40% for the forecast period of 2022-2029 and is likely to reach at USD 4,138.21 million by the end of the forecast period of 2022-2029.
Undecylenic acid is a chemical compound with the formula C4H20O2. Undecylenic acid is an unsaturated fatty acid that belongs to the antifungal drug class. It is used to treat skin infections caused by fungus. Undecylenic acid is also utilised in cosmetics as a preservative. It's made by pyrolyzing ricin oleic acid, which is a castor oil derivative. Undecylenic acid is produced by hydrolyzing the methyl ester of ricin oleic acid at 500–600 °C in the presence of steam.
The undecylenic acid market will be driven by the increasing scope of undecylenic acid's application in the pharmaceutical and cosmetics and personal care industries, as well as rising consumer awareness and health consciousness. The global undecylenic market is characterised by a significant trend of research and development spending to develop new products and maintain cost competitiveness. Increased disposable income, as well as an increase in the affluent middle class population is predicted to increase undecylenic acid demand. In addition, FDA approval of undecylenic acid for medical applications is expected to boost the undecylenic acid market in the near future.
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Global Undecylenic Acid Market Scope and Market Size
The undecylenic acid market is segmented on the basis of type, form, application and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the undecylenic acid market is segmented into natural, synthetic and others.
- On the basis of the form, the undecylenic acid market is segmented into liquid, solution, cream, powder, spray and ointment.
- On the basis of application, the undecylenic acid market is segmented into cosmetic biocide, fragrance ingredient, antifungal agent, preservative, surfactant and others.
- The undecylenic acid market is also segmented on the basis of sales channel into direct sales, modern trade channels, third-party online channels, online website, drug stores and other sales channel.
Undecylenic Acid Market Country Level Analysis
The undecylenic acid market is analysed and market size, volume information is provided by country, type, form, application and sales channel as referenced above.
The countries covered in the undecylenic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the undecylenic acid market and will continue to flourish its dominance during the forecast period due to rapid urbanization, rising production activities, and growing demand of undecylenic acid from various end-user industries sectors. However, Europe and North America will continue to project the growth for this period because of the high demand for undecylenic acid and increased production capacities of leading companies.
The country section of the undecylenic acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Undecylenic Acid Market Share Analysis
The undecylenic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to undecylenic acid market.
Some of the major players operating in the undecylenic acid market report Mosaic, Potashcorp, Groupe Chimique Tunisien Sa, Maaden - Saudi Arabian Mining Company, OCP Group, Phosagro, BASF SE, Akzo Nobel N.V., DuPont, INEOS, PVS Chemicals, Inc., Aurubis, Agrium, Norfalco, Gulf Fluor, Oxbow Carbon LLC, KMG Chemicals Inc., Eurochem, ECO Services, ReAgent, SPI Performance Coatings and EverCoat Industries Sdn Bhd., among others.
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