The global Pelargonic Acid Market was valued at US$185.4 Mn in 2022 and is estimated to exhibit a CAGR of 6.7% during the forecast period (2023 to 2030),
According to Global Pelargonic Acid Market Report, By Grade (Natural Grade and Synthetic Grade), By Application (Detergents, Lubricants, Lacquer & Coatings, Herbicide, Food Additives, and Others (Personal Care & Cosmetics, and Others)), and By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), as published by Coherent Market Insights.
Pelargonic acid, also known as nonanoic acid, is a chemical compound that occurs naturally in both plants and mammals. It is a fatty acid with nine carbons. Nonanoic acid is a colorless, oily liquid with a sour, rotten smell. In water, it is practically insoluble, but it is extremely soluble in organic solvents. Pelargonates, or nonanoates, are the esters and salts of pelargonic acid. They are utilized as an indoor and outdoor herbicide, as well as a blossom thinner for apple and pear trees.
Global Pelargonic Acid Market Drivers
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.
Increasing research and development
The pelargonic acid market has seen increasing research and development efforts in recent years, aimed at developing new applications and improving the efficiency of existing applications. These efforts are expected to drive innovation in the pelargonic acid market and contribute to the growth of the industry.
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https://www.coherentmarketinsights.com/market-insight/pelargonic-acid-market-4816
Key Trends and Analysis of the Global Pelargonic Acid Market:
- One of the rising trends include the increasing usage of pelargonic acid as a building block for polyol ester production. Owing to the bio-based nature of pelargonic acid, it has replaced fossil-based C8-C10 fatty acids that are derived from palm oil. Furthermore, the personal care and cosmetics business is predicted to grow over the forecast period as polyol esters are increasingly used in the manufacturing of cosmetic products.
- The Pelargonic acid market is broadly segmented into grade and applications in North America, Middle East and Africa, Europe, Latin America, Asia- pacific. The grade segment is categorized into synthetic grade and natural grade. The applications segment is further subdivided into lubricants, detergents, lacquer & coatings, food additives, herbicide, cosmetics, and others.
Global Pelargonic Acid Market Opportunities
- The use of pelargonic acid as a blossom thinner will drive the global pelargonic acid market growth over the forecast period. The blossom thinning method is largely used for increasing the fruit size and promoting the bloom of plants in the suitable seasons. The use of pelargonic acid as a pesticide has increased as a result of several regulatory standards.
- Pelargonic acid is mainly used in the food industry as an additive. Food additives have become increasingly important over time as a result of the diverse requirements of the food industry, end consumers, and regulatory agencies all around the world. Food additives are primarily used to give food items specific desirable attributes, improve food edibility, in terms of appearance and appeal, ensure food safety through the prevention of contamination, and others. This is expected to drive demand for pelargonic acid over the forecast period.In 2021, the European Union announced a new strategy for sustainable chemicals, which aims to promote the use of safer and more sustainable chemicals in various industries, including agriculture. The strategy includes a focus on bio-based chemicals, which are derived from renewable sources such as plants and animals.
Global Pelargonic Acid Market Restraints
- Pelargonic acid is found in plants such as apples and grapes, so the majority of people are regularly exposed to this acid. Overexposure to this acid may cause eye and skin irritation, contact dermatitis, and erythema. These drawbacks associated with the use of pelargonic acid are expected to hamper its demand to some extent.
Key Takeaways
- On the basis of application, detergents segment dominated the global pelargonic acid market in 2022 with around 37% of market share in terms of revenue, followed by lubricants. The growth is attributed to increasing chemicals such as sodium nonanoyloxybenzenesulfonate, a bleach activator used in the production of laundry bleach additives, and powdered detergent, which contain traces of pelargonic acid.
Global Pelargonic Acid Market : competitive landscape
The key players operating in the global pelargonic acid market include Central Drug House, Croda International Plc., Emery Oleochemicals, Glentham Life Sciences Limited, Haihang Industry, Kunshan Odowell Co., Ltd, Matrica S.p.A, OQ Chemicals GmbH, Tokyo Chemical Industry Co., Ltd., and Zhengzhou Yibang Industry & Commerce Co., Ltd.
Global Pelargonic Acid Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 had a positive effect on the global pelargonic acid market. COVID-19 has drastically increased awareness regarding hygiene and cleanliness, which is expected to drive the demand for pelargonic acid. This can be attributed to the fact that pelargonic acid is widely used in the preparation of detergents as well as insect repellents. Before the COVId-19 pandemic, pelargonic acid was considered a hazardous chemical due to its adverse impacts on human health. But the need to prevent insects from affecting crop yields to curtail the chances of insect-borne diseases has been on the rise since the beginning of the pandemic. Moreover, shifting consumer inclination from synthetic chemicals to bio-based chemicals and pesticides to curtail health hazards caused by synthetic chemicals is expected to augment demand for chemicals such as pelargonic acid across the globe over the post-pandemic period.
