PELARGONIC ACID MARKET ANALYSIS

Regional Analysis

Global Pelargonic Acid Market: Regional Analysis

Asia Pacific dominated the global pelargonic acid market in 2022, accounting for 35% share, in terms of revenue, followed by Europe, and North America, respectively. As a result of an increase in the demand for bio-based products in the agriculture industry, as well as product innovation. There has been increasing demand for lacquer & coatings in the construction sector, which is expected to drive demand for pelargonic acid. Lacquers are clear or colored coatings that provide a glossy finish to furniture and fixture surfaces. They are available with different sheen levels, ranging from high gloss to ultra-matte. It offers extremely hard finishes and is highly resistant to damage, particularly from acid, alkali, water, and abrasions. Coatings are used in general industry to protect the coated structure from corrosion, UV radiation, wear and tear, and to enhance the efficiency of the coated substance.

Figure 2. Global Pelargonic Acid Market, By Region, 2022

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa