Pelargonic Acid Market Size, Share, and Industry Analysis, By Type (PA 90 Content, PA 95 Content, PA 98 Content), By Application (Plant Protection Products, Lubricating Oil, Cosmetics, Bleaching Agents, Food Fragrances and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Pelargonic Acid Market REPORT OVERVIEW

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The global pelargonic acid market size was USD 104.5 million in 2022 and market is projected to touch USD 149.93 million by 2031, exhibiting a CAGR of 4.1% during the projected period.

Pelargonic acid is a nine-carbon fatty acid, saturated acid found commonly as esters in pelargonium spp. essential oil (perennial plants). Plant tissues can also be used to extract it. Pelargonic acid, in conjunction including its salts or emulsifying agents, is a nonselective weedkiller that is suitable for use in gardens and agriculture all over the world. They are used as interaction burndown herbicides, attacking cell membranes and starting to cause cell leakage and outer layer acyl lipid breakdown. It is further utilized in the beauty industry to produce esters, which are then used during personal care and cosmetics products.

COVID-19 Impact: Supply and Lockdown Limitations to Decline Market Advancement

The COVID-19 pandemic had a major effect on the global market for pelargonic acid. The impact of shutdown across major countries such as China, the United States, Italy, and India has caused global supply chain disruption. Furthermore, additional security imposed by various governments and prevention methods to regulate the influence of the outbreak have resulted in significant transportation restrictions, causing disruptions in supply chains across economies. Pelargonic acid, for example, is used in the producing of weedkillers, specialty chemicals, lubricating oils, food additives, and other products in a variety of industries. Except for its use in herbicides, COVID-19 has slowed the demand for the pelargonic acid market. 

LATEST TRENDS 

"New Product Launches to Enhance Market Growth"

Product launches are one of the emerging trends that appear to have a direct impact on market expansion. Numerous key players are conducting research and development in order to improve and bring innovative pelargonic products to market. For example, OQ Chemicals GmbH, a largest producer of oxo and oxo derivatives, introduced a brand-new Halal-certified pelargonic acid item in September 2017. The Bay City factory adheres to rigorous rules to make sure that its raw materials, manufacturing techniques, managing, and logistics strictly adhere to Islamic religious requirements.

Pelargonic Acid Market SEGMENTATION 

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• By Type

Based on type; the market is divided into PA 90 content, PA 95 content, PA 98 content

PA 90 content is the leading part of the type segment

• By Application

Based on the application; the market is divided into plant protection products, lubricating oil, cosmetics, bleaching agents, food fragrances, others

Plant protection products is the leading part of the application segment

DRIVING FACTORS

"Frequent Utilisation in the Manufacturing of Industrial Lubricant to Assist Market Development"

Pelargonic acid is a common lubricant feedstock. This is owing to the point that the acid is made from bio-based feedstock. As a result, requirement or need for this advanced material is predicted to increase in tandem with the increase in the market for bio-lubricants. As a result, the large percentage of chemical manufacturers have begun to use the acid's physical properties in the manufacturing of industrial lubricants. For example, Oxea Chemicals, a division of S.A.O.C., Oman Oil Company, initiated highly pure n-Pelargonic Acid HP in May 2015 as a viable factory alternative to traditional fatty acids such as Capric Acid (C10) and Caprylic Acid (C10) (C8). This highly pure n-Pelargonic Acid HP can then be used as a raw material in the production of elevated synthetic lubricant esters.

"Increasing Adoption in Cosmetic Industry to Foster Market Share "

The chemical is primarily used in the personal care and cosmetics industries to create skin and hair conditioning agents. The requirement for personal care and cosmetics products is expected to rise as the population ages and there is a greater desire to keep younger looking skin. With its rising use in the personal care and cosmetics sectors, the worldwide pelargonic acid market share is expected to grow.

RESTRAINING FACTORS

"Associated Health Hazard by the Utilisation of the Acid to Deplete Market Growth "

This main ingredient has a low toxicity and persistence risk, but a moderate mobility and bioaccumulation risk. The acid items should be utilized with extreme care because they can cause major eye irritation as well as moderate skin irritation. Therefore, limiting the pelargonic acid market growth.

Pelargonic Acid Market REGIONAL INSIGHTS

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"Rising Supply of Biobased Products to Foster Market Growth in Asia Pacific"

Asia Pacific pelargonic acid market is expected to grow significantly over the forecast period. Asia Pacific is predicted to lead the worldwide pelargonic acid market. As a result of rising supply for bio - based products in agricultural production, followed by innovative products, Asia Pacific is predicted to be the fastest-growing geographic area in terms of revenue. The region is predicted to dominate the global market in terms of volume during the projected timeline. 

KEY INDUSTRY PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the health diaphragm valves market share features, and market growth by type, industry, and customer sector.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

List of Market Players Profiled 

• Matrica S.p.A (Italy)
• OXEA (Germany)
• Emery (U.S.)
• Croda Sipo (U.K.)
• Zhenghou Yibang (China)
• Chongqing Yuanda (China)

REPORT COVERAGE

The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.

The report also examines the equipment market's current state of development and its overall market trend. It also separates the market by categories based on type and applications in order to conduct a detailed study and demonstrate the industry's characteristics and prospects. By taking into account a range of elements, such as growth rate, trends, industrial advancements, technologies, growth, distribution, and barriers, it offers a thorough assessment as well as a detailed analysis.