PELARGONIC ACID MARKET ANALYSIS

Pelargonic Acid MarketSize and Trends

The global pelargonic acid market was valued at US$ 185.4 Mn in 2022, and is expected to exhibit a CAGR of 6.7% over the forecast period (2023-2030) to reach US$ 310.5 Mn by 2030.

Global Pelargonic Acid Market: Trends

• Rising demand for bio-based products: Pelargonic acid is a naturally occurring fatty acid and is considered a bio-based product. The rising demand for bio-based products in various industries, including agriculture and cosmetics, is expected to drive the demand for pelargonic acid in the coming years.
• Growing focus on sustainability: The global trend towards sustainability is expected to drive the demand for pelargonic acid in the coming years. Pelargonic acid is considered a sustainable alternative to traditional chemicals and is expected to play a key role in the development of sustainable products and solutions.

Figure 1. Global Pelargonic Acid Market, By Application, 2022

Global Pelargonic Acid Market: Recent Developments

• In July 2021, Lely North America, Inc., an agricultural solutions provider company, launched Quaress Omnia, a teat spray for protecting cows from mastitis. This spray contains pelargonic acid, which is known for its antimicrobial properties and can help to prevent the growth of bacteria on the teats of cows.
• In 2020, the global chemical company Evonik announced the launch of a new pelargonic acid-based lubricant called VISCOPLEX® 8-912. The lubricant is designed for use in metalworking applications and can provide improved performance and reduced environmental impact compared to traditional lubricants.
• In 2020, the global chemical company Oxiteno announced the launch of a new pelargonic acid-based surfactant called OXITENOX® 18. The surfactant is designed for use in personal care and household cleaning products and can provide improved foaming and cleaning performance compared to traditional surfactants

Market- Trends

• Rising demand for bio-based products: Pelargonic acid is a naturally occurring fatty acid and is considered a bio-based product. The rising demand for bio-based products in various industries, including agriculture and cosmetics, is expected to drive the demand for pelargonic acid in the coming years.
• Growing focus on sustainability: The global trend towards sustainability is expected to drive the demand for pelargonic acid in the coming years. Pelargonic acid is considered a sustainable alternative to traditional chemicals and is expected to play a key role in the development of sustainable products and solutions.