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A15507 | Pages: 340 | Charts: 56 | Tables: 170 |
The global azelaic acid market was valued at $208.7 million in 2023, and is projected to reach $415.3 million by 2033, growing at a CAGR of 7.2% from 2024 to 2033.
Market Introduction and Definition
Azelaic acid is a naturally occurring dicarboxylic acid found in cereals such as wheat, rye, and barley. It has many uses in industry and health. Azelaic acid is highly valued in the cosmetics and pharmaceutical sectors due to its antibacterial, anti-inflammatory, and keratolytic characteristics, which make it a crucial component in acne, rosacea, and hyperpigmentation therapies. It works by reducing inflammation, lowering the growth of skin bacteria, and restoring the regular shedding of dead skin cells. As azelaic acid increases flexibility and stability, it is used in the manufacturing of biodegradable polymers, plasticizers, and lubricants in the industrial sector. Owing to its antibacterial qualities, it is also used as a food preservative. Its versatility and efficacy across various applications underscore its growing demand in both consumer and industrial markets.
Key Takeaways
Key Market Segments
Key Market Players