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Undecylenic Acid Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07532
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Dec 2020 | 64 Views
 
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Undecylenic Acid Market Analysis 2020-2027:

Undecylenic acid is a natural compound with the chemical formula C4H20O2. It is an unsaturated fat that is related to a group of medicines known as antifungals. It is utilized for the treatment of diseases of the skin related to fugue. Undecylenic acid is utilized as an additive in beauty care products. It is delivered through the pyrolysis of ricin oleic acid, which is one of the subordinates of castor oil. The methyl ester of ricin oleic acid is hydrolyzed at around 500 – 600 °C within the sight of steam to produce undecylenic acid. On a mechanical scale, the undecylenic acid is changed over to 11-aminoundecanoic acid, which is then used as a crude material for Nylon 11.

Market scope and structure analysis:

            Report Metric

                                     Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD), Volume (Tons)

  Segments covered

  Type, Form, Application, Industry Vertical

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Arkema Group, TCI Chemicals (India) Pvt. Ltd., Electronic Medicines Compendium (emc), Hokoku Co Ltd., Jayant Agro-Organics Limited, ITOH Oil Chemicals Co. Ltd., Nikunj Chemical Limited, and Acme Synthetic Chemicals

 

COVID-19 scenario analysis:

  • Extended lockdown and reduced production in manufacturing sectors negatively impacted the chemical manufacturing business, including undecylenic acid. 
  • Decline in new material supply and utilization of old inventory stocks in various industries are expected to further affect the market growth negatively.
  • However, rise in concern from consumers regarding fungal infections and other bacterial infections is expected to fuel the product demand. Undecylenic acid is used in various creams to protect against fungal infections, eczemas, and ringworm.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

One of the important drivers for the undecylenic acid market is the growth of the antifungal medication market. The utilization of undecylenic acid in antifungal drugs is an important application as this acid can anticipate the development of organism and treat skin diseases. Moreover, undecylenic acid is diminished to undecylenic aldehyde, which is to a great extent used in fragrance enterprises. Furthermore, due to wide applications of undecylenic acid across various industries, the product is expected to observe rapid development over the forecast period. 

Expansion and usage analysis

Asia-Pacific is relied upon to be the dominant area in the undecylenic acid market, followed by North America and Europe. India, China, and Japan are expected to offer major development opportunities in the undecylenic acid market in the coming years. Majorly, India and China are relied upon for production. The North America and Europe undecylenic corrosive markets are required to observe moderate development in the coming years. Growing markets, for example, Latin America and the Middle East & Africa, are relied upon to observe lucrative opportunities for the development of the market. 

Expanding application scope in the pharmaceutical industry combined with developing customer awareness with regards to sustainable source materials is expected to drive the undecylenic acid market growth over the coming time frame. Various pharmaceutical plans use undecylenic acid and its calcium and zinc salts active elements for anti-fungus properties as applications in fungal skin contaminations such as ringworm.

Further, undecylenic acid subordinates are utilized for perfumery applications. For instance, ethyl undecylenate is utilized in rose scent syntheses; methyl undecylenate is utilized in lilac fragrances; and alkyl undecylenate is utilized as smell modifiers in flower banquets. Other undecylenic acid subordinates, for example, undecylenic alcohol and undecylenic aldehyde are additionally utilized for perfumery applications in different creations, for example, rose, lilac, and jasmine.

Key segments covered:

                  Segments

                                Sub-segments

  Type

  • Natural
  • Synthetic

  Form

  • Liquid
  • Spray
  • Solution
  • Cream
  • Powder
  • Other

  Application

  • Cosmetic Biocide
  • Fragrance Ingredient
  • Surfactant
  • Antifungal Agent
  • Preservative
  • Others

  Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Food & Beverages
  • Healthcare
  • Others

 

Key benefits of the report:

  • This ztudy presents the analytical depiction of the undecylenic acid market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the undecylenic acid market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the undecylenic acid market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the undecylenic acid market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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