BRASSYLIC ACID MARKET ANALYSIS

Brassylic Acid Market, By Raw Material Type (Paraffin Oil and Vegetable Oil (Crambe Oil, Rapeseed Oil, and Others)), By Production Method (Chemical and Fermentation), By Application (Fragrances, Adhesives, Plastics, Lubricants, and Other Polymers & Copolymers), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

Published In : Apr 2023
Code : CMI3097
Pages :160
Formats :
Excel and PDF
Industry : Bulk Chemicals

Brassylic Acid MarketSize and Trends

The brassylic acid market was valued at US$ 683.9 Mn in 2022 and is expected to exhibit a CAGR of 4.65%, in terms of revenue over the forecast period (2023-2030), to reach US$ 984.1 Mn by 2030. Companies operating in the brassylic acid market are focusing on adopting various strategies and innovative sustainable production processes for fragrances. For instance, in 2012, International Flavors & Fragrances (IFF), a U.S.-based company that manufactures flavors and fragrances, reduced usage of water by 10% per metric ton of fragrance production from 2007.

Figure 2. Global Brassylic Acid Market, By Region