Global Erucic Acid Market Report and Forecast 2024-2032

Global Erucic Acid Market Outlook

The global erucic acid market to be aided by the growth of the high erucic acid rapeseed market, which is expected to grow at a CAGR of about 3.2% in the forecast period of 2024-2032.

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Europe and North America to Significant Aid the Growth of the Global Market for Erucic Acid

Europe and North America are among the leading regions for the global erucic acid industry. Both these regions witness a significant production of erucic acid since rapeseed and canola, among others, are widely cultivated in these regions. Apart from these two regions, it is also expected that the demand for erucic acid will rise significantly in Latin America. A notable part of the production has also been achieved in the region, with the growing agricultural production of major oilseeds in Latin America.

The Asia Pacific region is among the fastest-growing regions in the global market. In the developed countries, increasing regulations for the use of environmentally friendly additives for polymer production, lubricants, and metals are expected to accelerate the market growth. The demand for plastic, as well as polymer erucic acid in China, is expected to provide the manufacturers with lucrative opportunities for large-scale orders. This is likely to boost the market growth in the Asia Pacific region in the coming years.

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Erucic Acid: Market Segmentation

Erucic acid is used in lubricants and the metalworking industry as an essential oil and lubricity additive. Erucic acid is a versatile substance used in many ways, including in lubricants, plastics, personal care and cosmetics, and pharmaceuticals, among others. It has a long fatty acid chain, which is important for any feedstuff ingredient.

Based on source, the market can be divided as follows:

• Rapeseed Oil
• Canola
• Tame Mustard
• Fish
• Others

The grades of the product can be divided as follows:

• Low
• High

Erucic acid finds wide applications in the following segments:

• Plastic 
• Printing Inks
• Personal Care
• Rubber
• Pharmaceuticals
• Others

The regional markets for erucic acid can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Applications of Erucic Acid Bolstering the Market Growth

The increased demand for erucic acid has been driven by the rising regulations on the use of environmentally friendly additives for lubricants, polymers, the metalworking sector, and others. Therefore, the growing efforts by global manufacturers, combined with strict regulations, are expected to drive erucic acid demand over the forecast period, particularly in North America and Europe. The global market for erucic acid has seen an increase in the demand from the manufactures of chemicals used in the plastic and polymer films industries as major additives.

Key Industry Players in the Global Erucic Acid Market

The report gives a detailed analysis of the following key players in the global erucic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Bunge Limited
• Perdue Farms Inc.
• Vantage Specialty Chemicals
• Acme Soap Works
• Godrej Industries Limited
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report