Brassylic Acid Market Research, 2030
The global brassylic acid market was valued at $61.30 million in 2021, and is projected to reach $90.40 million by 2030, growing at a CAGR of 4.2% from 2022 to 2030.
Brassylic acid is a long chain dicarboxylic acid and is derived from ozonolysis of erucic acid. The chemical formula of brassylic acid is C13H24O4. The acid is also produced in microorganisms like the Candida species. Brassylic acid market growth is likely to accelerate owing to wide application range of brassylic acid in different fields like chemical industry. Brassylic acid is widely used in fragrance & perfume and chemical industries. Properties of brassylic acid like low moisture retention capacity, abrasion and strength makes the chemical an excellent choice as raw material for lubricants, adhesives, and polymers like nylon. Such factors are likely to have a positive impact on global brassylic acid market size growth.
Brassylic acid is a popular raw material in many industries like cosmetics, chemical, and pharmaceutical industries. Brassylic acid market size is expected to foresee major growth in the coming years owing to its wide application range. The report highlights different factors that impact the growth of the global brassylic acid market trends such as key drivers, restraints, growth opportunities, and the role of different key players.
Global Brassylic Acid Market Segmentation
The global brassylic acid market is segmented on the basis of form and application. By form, the market is classified into flakes, powder, and diluted. By application, it is classified into polymers, adhesives, lubricants, fragrance, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Review
By form, the powder sub-segment dominated the global brassylic acid market in 2021 and is projected to remain the fastest-growing sub-segment during the forecast period. Brassylic acid market share growth is attributed to rise in demand for powdered brassylic acid in the chemical industry. Powdered brassylic acid can be easily stored and transported without causing much harm to the product. Also, powder form can be used for making diluted brassylic acid solution of any concentration.
By application, the fragrance sub-segment dominated the global brassylic acid market in 2021, and polymers segment is projected to be the fastest-growing segment during the forecast period. The growth of fragrance sub-segment is majorly due to high demand for fragrance products among consumers like soaps, perfumes, and candles. As the fragrance industry is growing rapidly, the demand of brassylic acid, as a raw material has also increased due to which the brassylic acid market size is expected to observe high growth rate.
By region, Europe dominated the global brassylic acid market in 2020, and Asia-Pacific region is projected to be the fastest-growing sub-segment during the forecast period. The regional market growth is attributed to increasing use of brassylic acid in fragrance industries. Brassylic acid is majorly used in the perfume industries for manufacturing fragrances. As Europe is the largest market for fragrance industries due to presence of Paris and France, where perfumes and fragrances are famous, the market is set to have an accelerating growth due to rising demand for brassylic acid as raw material.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the brassylic acid market analysis from 2021 to 2030 to identify the prevailing brassylic acid market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the brassylic acid market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global brassylic acid market trends, key players, market segments, application areas, and market growth strategies.
Brassylic Acid Market Report Highlights
| Aspects | Details |
 By Form |
|
 By Application |
|
 By Region |
|
 Key Market Players | Palmary Chemical, Larodan AB, Cathay Industrial Biotech, Evonik Industries, Nangtong Senos Biotechnology Co. Ltd, Unisource Chemical Pvt. Ltd, Shanghai Kaleys Holding Co. Ltd, Zibo Guangtong Chemical Co. Ltd, Beyo Chemical Co. Ltd |
Analyst Review
According to the analysts, the global brassylic acid market possesses a substantial scope for growth in the future. Continuous increase in demand for brassylic acid in cosmetics and chemical industries is expected to drive the growth of brassylic acid market. However, availability of substitute chemicals to brassylic acid is a major limitation to the market growth. Surge in demand from the polymers and adhesive & lubricant sector, especially from the developing countries, are the factors that drive the global brassylic acid market. According to the analysts, Asia-Pacific is projected to register faster growth as compared to North American and European markets.
Growing applications of brassylic acid in the manufacturing of fragrances, and lubricants is the major driving factor for the market. In addition, rapidly increasing automotive, oil field and chemical industries may create lucrative opportunities for the market
Brassylic acid is largely used for manufacturing mesh for fragrances and perfumes. It is also used for the manufacturing of nylon.
Europe is the largest regional market for brassylic acid.
the global brassylic acid market size was valued at $61.3 million in 2021, and global brassylic acid market forecast is projected to reach $90.4 million by 2030, with growth expected at a CAGR of 4.2% from 2021 to 2030.
The key players profiled in this report include Cathay Industrial Biotech, Palmary Chemical, Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co., Ltd., Beyo Chemical Co., Ltd, Larodan Ab, Evonik Industries, Nantong Senos Biotechnology Co., Ltd., and Shanghai Kaleys Holding Co., Ltd.
Loading Table Of Content...
