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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Undecylenic Acid Market Outlook
The global undecylenic acid market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
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Increasing Demand for Perfumes to Augment the Undecylenic Acid Industry Growth
Based on application, fragrance ingredients account for a significant share in the undecylenic acid industry. Undecylenic acid and its derivatives are widely utilised in perfumes. For example, while methyl undecylenate is used in lilac perfume, ethyl undecylenate finds application in the production of rose perfume. Hence, the growing demand for perfumes is expected to be a key driver for the undecylenic acid industry over the forecast period.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Undecylenic Acid Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the ample availability of vegetable-derived castor oil in the region. Castor oil, on being processed, gives ricinoleic acid as a product, which undergoes a few chemical processes to produce undecylenic acid as the end product. Hence, the abundance of castor oil in the region, especially in emerging countries like India, which dominate the castor oil production, will ensure the undecylenic acid industry growth in the region. This will, in turn, have a positive impact on the growth of the market as a whole.
Undecylenic Acid: Market Segmentation
Undecylenic acid is an organic compound with the chemical formula C11H20O2. It is a mild fatty acid belonging to a group of drugs called antifungals. It is used for the treatment of fungal infections of the skin. Undecylenic acid is also used as a preservative in cosmetics. It is produced by executing pyrolysis of ricinoleic acid, which is one of the substances obtained from castor oil.
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By type, the market is divided into:
- Natural
- Synthetic
- Others
Based on form, the industry can be segmented into:
- Liquid
- Solution
- Cream
- Powder
- Spray
- Ointment
- Others
The market is divided based on application into:
- Cosmetic Biocide
- Fragrance Ingredient
- Antifungal Agent
- Preservative
- Surfactant
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Utilisation in Pharmaceutical Industry to Bolster the Growth of the Undecylenic Acid Industry
The increasing application scope of undecylenic acid in the pharmaceutical industry, combined with the rising consumer awareness regarding renewable source ingredients, is driving the growth of the undecylenic acid industry. Moreover, owing to its antifungal properties, undecylenic acid and its calcium/zinc salt is used as an active ingredient in anti-fungal remedies to treat fungal infections such as ringworm and athlete’s foot. Furthermore, the FDA approval of medical applications is likely to favour the growth of the undecylenic acid industry during the forecast period. In addition, undecylenic acid is used to fight candida infection and also relieves irritation, itching, and skin inflammations.
Over the forecast period, the increasing availability of castor oil obtained from vegetable sources is expected to be a key driver for the market.
Key Industry Players in the Global Undecylenic Acid Market
The report gives a detailed analysis of the following key players in the global undecylenic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Arkema Group
- HOKOKU Co., Ltd.
- Acme Synthetic Chemicals
- 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global undecylenic acid market is projected to grow at a CAGR of 4% between 2024 and 2032.
The industry is primarily being driven by the FDA approval of medical applications, increasing availability of castor oil, growing demand for perfumes, increasing demand for personal care products, polymers, and cosmetics and rising concerns associated with environmental advantages.
The key trends of the market include the expanding application scope of undecylenic acid in the pharmaceutical industry, and the rising consumer awareness of renewable source ingredients.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.
Natural and synthetic, among others are the types of undecylenic acids in the market.
Based on form, the industry can be segmented into liquid, solution, cream, powder, spray, and ointment.
The fragrance ingredient segment is the dominant type of application in the industry.
The major players in the industry are Arkema Group, HOKOKU Co., Ltd., and Acme Synthetic Chemicals, among others.
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