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Global Azelaic Acid Manufacturing for Industrial Use Market is expected to rise from its initial estimated value of USD 119.99 million in 2018 to an estimated value of USD 217.21 million by 2026, registering a CAGR of 7.7% in the forecast period of 2019-2026 Increase in demand and high adoption of azelaic acid by the end-use industries, a wide variety of applications providing health benefits drives the growth of the global azelaic acid manufacturing for industrial use.
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Market Definition: Global Azelaic Acid Manufacturing for Industrial Use Market
Azelaic Acid is a saturated organic compound that exists in the form of a powder. Its main application lies in the synthesis of DNA. It is manufactured as oleic acid that acts as a catalyst. It is a chemical product which is used in the production of products in plastics, lubricants, electronics, cosmetics and pharmaceuticals etc. it also acts a s an inhibitor in respiratory enzymes.
Key Market Competitors:
Few of the major competitors currently working in global azelaic acid manufacturing for industrial use market are Emery Oleochemicals, Matrica, BASF SA, Croda Sipo (Sichuan) Co.,Ltd., Nantong Hengxing Electronic Materials, Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., NINGHAI ZHONGLONG CHEMICAL CO. Ltd., Haihang Industry Co., Ltd., Xi’an Sonwu Biotech Co., Ltd., Matrìca S.p.A., Hubei TuoChu Kangyuan PHARMACEUTICAL CO.,LTD, Beyond Industries (China) Limited, EnBridge PharmTech (Wuxi) Co., Ltd., Hubei Aoks Trade Co., Ltd., Leader Group ., Corbion
- Increase in demand and high adoption of Azelaic acid by the end-use industries is expected to increase the growth of the target market
- Azelaic acid has a wide variety of applications providing health benefits which is a major factor towards driving the market
- The high content of azelaic acid in personal care and pharmaceuticals products is unsafe to consume, which could impede the trajectory of the azelaic acid market
- Fluctuating Prices of Azelaic Acid can hamper the sales of the global azelaic acid Market
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Global Azelaic Acid Manufacturing for Industrial Use Market Segmentation:
- Polymer Grade
- Technical Grade
- Pharmaceutical Grade
- Pharmaceuticals & Chemicals
- Personal Care
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In June 2017, Emery Oleochemicals launched its new product expansion of a low temperature plasticizer named EDENOL DOZ.it was developed as a product which could provide plasticizers derived from azelaic acid especially designed for PVC and synthetic rubber applications
- In May 2012, the acquisition of API & Raw Materials with BASF, led to the production of an API portfolio product dealing in dermatology named Dermaz 99 for acne treatments and hyper pigmentary disorders
Global azelaic acid manufacturing for industrial use market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Azelaic Acid Manufacturing for Industrial Use market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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