Erucic Acid Market Outlook
According to the report by Expert Market Research (EMR), the global erucic acid market is 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.
Erucic acid, a monounsaturated omega-9 fatty acid, is extracted primarily from the seeds of the rape plant. As an essential fatty acid, erucic acid has been the backbone of several industries due to its wide array of applications. This ranges from its use in the formulation of plasticisers, surfactants, and even lubricant additives.
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The food industry has also seen the advantage of erucic acid, as it’s present in limited quantities in various food items like mustard, broccoli, and certain vegetable oils. While its direct consumption is kept under a strict limit due to potential health concerns, its derivatives and controlled application in food processing can’t be overlooked.
The real momentum behind the erucic acid market expansion, however, stems from its vast industrial applications. The chemical industry, always on the lookout for versatile components, has embraced erucic acid for the production of emollients, which are vital for cosmetic formulations. Erucic acid derivatives find extensive applications in the cosmetic sector, especially in products like lipsticks, lotions, and creams due to their moisturising properties.
Another significant end-use sector driving the erucic acid market demand is the manufacturing sector. Here, erucic acid’s properties make it invaluable as a lubricant additive, enhancing the performance of industrial machinery. Furthermore, its role as a precursor for chemical formulations used in the production of plasticisers and surfactants further solidifies its place in the industry.
As industries continue to innovate, the potential for developing more refined, safe, and sustainable methods to utilise erucic acid remains. With ongoing research into its applications and the drive towards more sustainable industrial practices, erucic acid is expected to find novel uses, thus ensuring its market remains vibrant.
The market is at a juncture where its wide-ranging applications across several industries cannot be ignored. From its role in the cosmetic industry as a moisturising agent to its utility as a lubricant additive in manufacturing, the versatility of erucic acid is evident. Continued research, innovation, and an emphasis on sustainable practices will be the bedrock upon which the erucic acid market growth will thrive in the future.
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Erucic Acid Market Segmentation
The market can be divided based on source, grade, application, and region.
Market Breakup by Source
- Rapeseed Oil
- Canola
- Tame Mustard
- Fish
- Others
Market Breakup by Grade
- Low
- High
Market Breakup by Application
- Plastic
- Printing Inks
- Personal Care
- Rubber
- Pharmaceuticals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Erucic Acid Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global erucic acid market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bunge Limited
- Perdue Farms Inc.
- Vantage Specialty Chemicals
- Acme Soap Works
- Godrej Industries Limited
- Others
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