What is Global Pelargonic Acid Market?
The Global Pelargonic Acid Market is a vast and dynamic sector that deals with the production, distribution, and consumption of Pelargonic Acid, a naturally occurring fatty acid found in various plants and animals. This market has a global reach, with numerous players operating in different regions around the world. The market's value was estimated at US$ 100 million in 2022, and it is projected to grow to US$ 132.9 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2029. The market's major players include Matrica S.p.A, OXEA, Emery, Croda Sipo, Zhenghou Yibang, and Chongqing Yuanda, which collectively account for approximately 94% of the market.
PA 90 Content, PA 95 Content, PA 98 Content in the Global Pelargonic Acid Market:
The Global Pelargonic Acid Market is segmented based on the content of Pelargonic Acid in the products. The most common product in the market is PA 98 Content, which accounts for over 57% of the market. Other significant segments include PA 90 Content and PA 95 Content. Each of these segments has its unique characteristics and applications, contributing to the diversity and versatility of the market. The market's segmentation allows for targeted production and marketing, catering to the specific needs and preferences of different consumer groups.
Plant Protection Products, Lubricating Oil, Cosmetics, Bleaching Agents, Food Fragrances, Others in the Global Pelargonic Acid Market:
Pelargonic Acid finds its application in various areas, including Plant Protection Products, Lubricating Oil, Cosmetics, Bleaching Agents, Food Fragrances, and others. The most common application of Pelargonic Acid is in Plant Protection Products, which accounts for over 43% of the market. In this sector, Pelargonic Acid is used as a bio-herbicide due to its ability to kill a wide range of weeds and other unwanted plants. It is also used in the production of Lubricating Oil, where it serves as a viscosity modifier and provides excellent lubrication properties. In the Cosmetics industry, Pelargonic Acid is used as an emollient and thickening agent. It is also used as a bleaching agent in various industries, and as a flavoring and fragrance agent in the food industry.
Global Pelargonic Acid Market Outlook:
The Global Pelargonic Acid Market's outlook is promising, with steady growth anticipated in the coming years. The market's value is projected to increase from US$ 100 million in 2022 to US$ 132.9 million by 2029, growing at a CAGR of 4.1% during the forecast period. This growth is expected to be driven by the increasing demand for Pelargonic Acid in various applications, including Plant Protection Products, Lubricating Oil, Cosmetics, Bleaching Agents, Food Fragrances, and others. The market's major players, including Matrica S.p.A, OXEA, Emery, Croda Sipo, Zhenghou Yibang, and Chongqing Yuanda, are expected to continue dominating the market, collectively accounting for about 94% of the market. North America is expected to remain the largest market, with a share of over 39%.
| Report Metric | Details |
| Report Name | Pelargonic Acid Market |
| Accounted market size in 2023 | US$ 104.5 million |
| Forecasted market size in 2029 | US$ 132.9 million |
| CAGR | 4.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Matrica S.p.A, OXEA, Emery, Croda Sipo, Zhenghou Yibang, Chongqing Yuanda |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
