The global Brassylic Acid Market was valued at US$ 683.9 Mn in 2022, according to Brassylic acid market Report, 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 by Worldwide Market Reports. The brassylic acid market is expected to reach US$ 984.1 Mn by 2030, exhibiting a CAGR of 4.65% over the forecast period (2023-2030). Rising demand for fragrance products by various end use industries such as beauty, personal care, and home care is expected to rise demand for brassylic acid, which in turn is expected to drive market growth over the forecast period. Brassylic acid is majorly utilized in the synthesis of fragrances. Fragrances derived from brassylic acid belong to the macrocyclic musk category. Polycyclic musk such as phantolide is not environmentally friendly. Therefore, brassylic acid used for the synthesis of macrocyclic musk is expected to be considered as a potential alternative for polycyclic musk, as it is an easily degradable chemical compound. This factor is likely to contribute to the growth of the brassylic acid market during the forecast period. Various di-esters of brassylic acid are incorporated into PVC and are used as plasticizers. These derivatives of brassylic acid have the property to remain stable in low temperature conditions. Di-cyclohexyl brassylate (a derivative of brassylic acid) has properties similar to those shown by bis-3-ethylhexyl pthalate, which is the most widely used plasticizer in moderate temperature applications. However, according to the European Chemicals Agency (ECHA), direct contact with brassylic acid causes skin irritation, serious eye irritation, and may cause respiratory irritation. These factors are expected to hamper the growth of the brassylic acid market over the forecast period.
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Browse 64 market data tables* and 39 figures* on "Brassylic Acid Market” - Global forecast to 2030.
Key Takeaways of the Market:
- Among production method, the chemical method is widely adopted by manufacturers for the production of brassylic acid. It accounted for around 88.2% of the brassylic acid market share in 2022 and is expected to exhibit a CAGR of 3.5% over the forecast period.
- Among raw material type, the vegetable oil segment accounted for around 79.4% of the revenue share in the brassylic acid market in 2022 owing to its high yield compared to paraffin oil. Furthermore, crambe oil is expected to hold 65.3% of the vegetable oil segment in the brassylic acid market during the forecast period.
- Among application, fragrances segment is expected to hold a dominant position in the brassylic acid market during the forecast period. It accounted for a market share of 42% in 2022 and is expected to retain its dominance over the forecast period. The fragrance segment is followed by the plastics segment which accounted for a market share of 23% in 2022. In plastics, brassylic acid is majorly used as a plasticizer for polyvinyl chloride (PVC). It enhances the flexibility and durability of PVC. Moreover, various applications of brassylic acid in lubricants and plastics is expected to drive the growth of the brassylic acid market during the forecast period.
- Among region, Asia Pacific accounted for the largest revenue share of around 37% in 2022 and is expected to retain its dominance over the forecast period. This is attributed to the high presence of manufacturers of perfumes, plastics, and adhesives in Asia Pacific. The region is followed by Europe, which accounted for around 28% market share, in terms of revenue share in 2022.
- Major players operating in the brassylic acid market include Cathay Industrial Biotech, Palmary Chemical, Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co., Ltd., Beyo Chemical Co., Ltd, Larodan Ab, Evonik Industries, Nantong Senos Biotechnology Co., Ltd., and Shanghai Kaleys Holding Co., Ltd.
