The target market's growth has been aided by rising global demand for polymers. Azelaic acid is a key component in the production of polymers such as polyamides, polyesters, and polyurethane. Azelaic acid's market expansion is likely to be aided by rising demand for biolubricants. Azelaic acid is frequently utilised as a lubricant feedstock. The availability of di-carboxylic acids such as sebacic acid is projected to stymie azelaic acid market expansion throughout the forecast period. The current azelaic acid market trend is increased demand for skin care products throughout the world. Acne vulgaris, a common skin disorder characterised by blackheads, whiteheads, papules, and pustules on the face, neck, back, and chest, responds well to azelaic acid therapy.
According to Coherent Market insights,the global Azelaic Acid Market is estimated to surpass US$ 393.35 million in terms of revenue by the end of 2028, exhibiting a CAGR of 6.2% during the forecast period (2021 to 2028).
Prominent Companies in the Azelaic Acid Industry:
1. BASF SE
BASF SE operates as a chemical company worldwide. The company operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The company has strategic partnerships with Contemporary Amperex TechnologyCo., Limited on battery materials solutions, including cathode active materials and battery recycling. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
2. Croda International plc
Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America, Asia, and Latin America. It operates through four segments: Consumer Care, Life Sciences, Performance Technologies, and Industrial Chemicals. The company was incorporated in 1925 and is headquartered in Goole, the United Kingdom.
3. Emery Oleochemicals
Headquartered in Selangor, Malaysia, Emery Oleochemicals Group is a producer of natural-based chemicals made predominantly from natural oils and fats. The company's business units include agro green, bio-lubricants, eco-friendly polyols and oleobasics thereby providing efficient end-user goods and industrial products for its customers. The company was founded in 1989, headquartered in Malaysia.
4. Haihang Industry Co., Ltd
Manufacturer of chemical and cosmetic materials headquartered in Jinan, China. The company offers food additives, pigments, dyestuffs, cosmetic raw materials, basic organic chemicals, health and medical chemicals, and more. The company was founded in 1994, headquartered in Jinan, China.
5. Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd.
Jiangsu Lianhuan Pharmaceutical Co., Ltd. manufactures and sells chemical raw materials, preparations, and organic intermediates in China. The company offers cardiovascular, anti-allergic, urinary, anti-infective, and immunomodulatory products. The company was founded in 2000 and is headquartered in Yangzhou, China.
6. Nantong Hengxing Electronic Materials Co., Ltd.
Nantong Haixing Electronics Co., Ltd. manufacturers and sells of electrode foils for aluminum electrolytic capacitors in the People's Republic of China. Its products include medium and high voltage etched and formed foils; and low voltage etched and formed foils. The company was founded in 1977 and is headquartered in Nantong, the People's Republic of China.
7. Nantong Jinghua Pharmaceutical Co., Ltd.
Jinghua Pharmaceutical Group Co., Ltd. engages in the research and development, manufacture, and sale of APIs and pharmaceutical intermediates in China. Its primary products include Phenylbutazone, Primidone, Phenobarbital, Fluorouracil, Propylthiouracil, Piroxicam, and Flucytosine APIs. The company was formerly known as Nantong Jinghua Pharmaceutical Co., Ltd. Jinghua Pharmaceutical Group Co., Ltd. was founded in 1957 and is based in Nantong, China.
8. Wufeng Chicheng Biotech Co., Ltd.
Provider of contract development and manufacturing services for pharmaceutical enterprises. The company's researchers and manufacturing technology help clients develop effective treatments, enabling them to bring their pharmaceuticals to market more quickly. The company was founded in 2017, headquartered in Shanghai, China.
*Definition- Azelaic acid is a powdered chemical substance with the molecular formula C9H16O4 saturated dicarboxylic acid. Azelaic acid has considerable biological functions and may be found in everyday foods such as barley, wheat, and rye.
