PELARGONIC ACID MARKET ANALYSIS

Market Challenges And Opportunities

Global Pelargonic Acid Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 had a significant impact on the global pelargonic acid market. The imposition of lockdown across major countries, including China, the U.S., Italy, and India, has led to disruption in the supply chain across the globe. Furthermore, stringent containment measures imposed by the governments of various countries and preventive measures to control the impact of the Coronavirus outbreak have led to a significant restriction on transportation, leading to supply chain disruptions across the economies. Bio pesticides, such as pelargonic acid, find its applications in the production of herbicides, specialty chemicals, lubricants, food additives, and others across several industrial sectors.

Global Pelargonic Acid Market: Drivers

• Demand for pelargonic acid form the cosmetic industry: The cosmetic and personal care industry's requirement for pelargonic acid is increasing due to the wide application of pelargonic acid in the formulation of skin and hair conditioning agents. Pelargonic acid is also being used in agriculture as an alternative to toxic chemicals, with the goal of improving bio-based herbicides to reduce the health risks connected with synthetic herbicides. Pelargonic acid is also utilized in cleaning products as a precursor to peroxynonanoic acid. Bleaching and antibacterial properties are provided by peroxycarboxylic acids (such as in sanitization, disinfection, and sterilization). Several major companies are investing in research and development projects to enhance the use of pelargonic aid; as a result, increased R & D (Research and Development) and expanding applications in the food and agriculture industries are expected to drive market growth. For instance, in September 2020, Glentham Life Sciences Limited is a leading supplier and manufacturer of fine chemicals, raw materials, reagents and life science products has acquired a 22,000-square-foot facility in Corsham, U.K., to expand its product portfolio. The company is expanding its present laboratory and storage facilities as well as investing in new equipment and infrastructure.
• Increasing product launches by key players to fulfil global demands: Several key players are engaging in research and development to improve and provide innovative pelargonic products to the market. One of the emerging trends is the rising utilization of pelargonic acid as a detergent. Pelargonic acid is also used as a precursor to peroxynonanoic acid in cleaning products. Peroxycarboxylic acids are used as bleaching agents and for antimicrobial activity (such as sanitization, disinfection, and sterilization). Thus, pelargonic acid has applications in industrial detergents, water purification, and microbial activity management in public places (malls and others). In 2020, Eurofins Scientific launched a new allergen testing service called the Eurofins Allergen Control Program. The program is designed to help food manufacturers identify and manage allergen risks in their products and facilities.

Global Pelargonic Acid Market: Restraints

• Limited application and the use of alternatives of pelargonic acid: During the forecast period, pelargonic acid market expansion is expected to be hampered by limited application and the use of alternatives to pelargonic acid. Pelargonic acid herbicides have the potential to harm organisms and human health in both direct and indirect ways. For animals exposed to pelargonic acid herbicides, the biological effects of these compounds include genetic damage and a variety of physiological alterations. This overuse of pelargonic acid herbicides has resulted in major issues, including potential damage to non-target plants and crops, herbicide residues in the water and soil, and concerns regarding human health and safety. All of these factors restrict the expansion of the global pelargonic acid market.
• Counterbalance: The use of non-chemical management methods in the lawn or garden, like hand weeding, mulching, or setting traps, to reduce chemical use outdoors will help reduce the harmful effects of pelargonic acid.

Global Pelargonic Acid Market: Opportunities

• Increasing demand for bio-based products: The rising demand for bio-based products in various industries, including agriculture, cosmetics, and personal care, presents a significant opportunity for growth in the pelargonic acid market. Pelargonic acid is a naturally occurring fatty acid and is considered a bio-based product, making it an attractive option for companies looking to develop sustainable products.
• Growing demand for lubricants and plasticizers: Pelargonic acid is also used in the production of lubricants and plasticizers, which are used in various industries, including automotive and construction. The growing demand for these products presents an opportunity for growth in the pelargonic acid market.