The global Pelargonic Acid Market is estimated to be valued at Us$ 196.34 Mn in 2023 and is expected to exhibit a CAGR Of 5.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Pelargonic acid or nonanoic acid is a fatty acid and antimicrobial agent used in cosmetics, personal care products, pharmaceuticals and other industrial applications. It acts as a natural preservative and helps extend the shelf life of products. Due to its non-toxic nature, it is growing as a substitute for traditional synthetic preservatives.
Market key trends:
Growing demand from personal care and cosmetics industry: Pelargonic acid finds major application in personal care and cosmetic products as natural preservative. With growing consumer preference for natural ingredients in personal care, the demand for pelargonic acid from this industry is increasing. According to statistics, the global cosmetics industry was valued at over US$ 500 billion in 2020 and is expected to grow at 5% annually through 2027. This burgeoning cosmetics industry will drive the demand for pelargonic acid over the forecast period.
Segment Analysis
The global pelargonic acid market is segmented based on application and region. Based on application, the market is segmented into lubricants, plasticizer, pesticide, and others. The pesticide segment dominated the market with more than 30% share in 2022 due to high usage of pelargonic acid in formulation of insecticides and fungicides. Pelargonic acid offers effective insecticidal and fungicidal properties making it ideal for crop protection.
Key Takeaways
The global pelargonic acid market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing demand from pesticide industry.
Regional analysis:
North America led the global market and accounted for over 25% share in 2022 owing to strong pesticide and personal care industry in the US and Canada. Asia Pacific is expected to witness fastest growth due to rapidly growing agriculture sector and increased pesticide consumption in major countries like China and India.
Key players:
Key players operating in the pelargonic acid market 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., and Zhengzhou Yibang Industry & Commerce Co., Ltd. The market is fragmented with presence of both global and regional players.
In 2018, the global Pivalic Acid market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019–2025.This report focuses on the global Pivalic Acid status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Pivalic Acid development in United States, Europe and China.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-pivalic-acid-2019-2025-108The key players covered in this studyNikunj ChemicalsSanta Cruz BiotechnologyFude ChemicalShanghai Topfine ChemicalHangzhou Jingyou ChemicalLubon ChemicalMarket segment by Type, the product can be split intoMedical midbodychemical MidbodyAdditivesInitiating agentOthersMarket segment by Application, split intoMedical MidbodyChemical MidbodyAdditivesInitiating AgentOthersMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Pivalic Acid status, future forecast, growth opportunity, key market and key players.To present the Pivalic Acid development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Pivalic Acid are as follows:History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025For the data information by region, company, type and application, 2018 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Get the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-pivalic-acid-2019-2025-108Table of content1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Players Covered1.4 Market Analysis by Type1.4.1 Global Pivalic Acid Market Size Growth Rate by Type (2014–2025)1.4.2 Medical midbody1.4.3 chemical Midbody1.4.4 Additives1.4.5 Initiating agent1.4.6 Others1.5 Market by Application1.5.1 Global Pivalic Acid Market Share by Application (2014–2025)1.5.2 Medical Midbody1.5.3 Chemical Midbody1.5.4 Additives1.5.5 Initiating Agent1.5.6 Others1.6 Study Objectives1.7 Years Considered2 Global Growth Trends2.1 Pivalic Acid Market Size2.2 Pivalic Acid Growth Trends by Regions2.2.1 Pivalic Acid Market Size by Regions (2014–2025)2.2.2 Pivalic Acid Market Share by Regions (2014–2019)2.3 Industry Trends2.3.1 Market Top Trends2.3.2 Market Drivers2.3.3 Market Opportunities3 Market Share by Key Players3.1 Pivalic Acid Market Size by Manufacturers3.1.1 Global Pivalic Acid Revenue by Manufacturers (2014–2019)3.1.2 Global Pivalic Acid Revenue Market Share by Manufacturers (2014–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
