Brassylic Acid Market By Form (Flakes, Powder, Diluted), By Application (Polymers, Adhesives, Lubricants, Fragrance, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global brassylic acid market size was valued at $61.3 million in 2021, and is projected to reach $90.4 million by 2030, growing at a CAGR of 4.2% from 2022-2030.
Brassylic acid is a family member of dicarboxylic acid market and is available in the market in the form of flakes, powder, or diluted. It is formed by performing ozonolysis process on erucic acid.
Brassylic acid offers many properties like strength, toughness, abrasion, and resistance. Due to these properties, brassylic acid is widely used in lubricants, adhesives, and polymer manufacturing. Also, it is widely used in the fragrance industry. These factors are anticipated to have a positive impact on global brassylic acid market share growth in the forecast time period.
The demand for brassylic acid in the lubricant and adhesive industry is continuously increasing, owing to high demand for good quality lubricants in industries like automobile and petroleum industries. Also, growing cosmetic industry and rising use of brassylic acid in perfumes is further likely to increase brassylic acid market size growth in the coming years.
However, the market growth is restricted due to availability of its alternate options. Nevertheless, rising industrial sectors like chemicals, and machinery and growing demand of brassylic acid in these industries is likely to accelerate market growth in future.
The global brassylic acid market is segmented on the basis of form and application. By form, the market is classified as flakes, powder, and diluted. By application, it is classified as polymers, adhesives, lubricants, fragrance, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report 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.
Key Market Segments
By Form
Flakes
Powder
Diluted
By Application
Polymers
Adhesives
Lubricants
Fragrance
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Singapore
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Cathay Industrial Biotech
Palmary Chemical
Unisource Chemical Pvt. Ltd
Zibo Guangtong Chemical Co. Ltd
Beyo Chemical Co. Ltd
Larodan AB
Evonik Industries
Nangtong Senos Biotechnology Co. Ltd
Shanghai Kaleys Holding Co. Ltd
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