Azelaic Acid Market, By Type (Polymer Grade, Pharma Grade, Technical Grade), By Application (Pharmaceutical, Adhesives, Plastics, Lubricants, Personal Care & Cosmetics, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The azelaic acid Market size is valued at US$ 210 Mn in 2024 and is expected to reach US$ 353 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Figure 1. Azelaic Acid Market Share (%), by Region, 2024
Azelaic acid is a naturally occurring dicarboxylic acid that is found in grains such as barley and wheat. It is used topically in the treatment of mild to moderate acne as it has antibacterial and anti-inflammatory properties. Azelaic acid reduces non-inflammatory lesions such as whiteheads, blackheads, and papules, along with reducing inflamed such as pustules and nodules. When applied to the affected skin, azelaic acid targets the bacteria Propionibacterium acnes, which resides within hair follicles and sebaceous glands. Additionally, it helps lighten areas of hyperpigmentation caused by acne by inhibiting tyrosinase, an enzyme involved in melanin production. Due to its antimicrobial effects, mild nature, and minimal side effects, azelaic acid has become an important topical treatment option for acne.
Market Dynamics:
The global azelaic acid market is driven by the increasing prevalence of acne vulgaris worldwide, particularly among young adults and adolescents. According to the American Academy of Dermatology, acne affects up to 50 million Americans annually, accounting for over 13 billion dollars in costs every year. Azelaic acid is a safe and effective treatment option for mild to moderate acne, making it appealing for use by teenagers. Additionally, its properties of skin lightening and fading post-inflammatory hyperpigmentation have led to an increased demand of azelaic acid in cosmetic products. However, alternatives available in the market including prescription isotretinoin and antibiotics, pose a threat to the azelaic acid market share. Furthermore, the generally higher cost of these pharmaceutical grade azelaic acid products as compared to other acne medications can hamper market growth. Nonetheless, the development of innovative drug delivery systems and combined high concentration gels and creams provides new opportunities for industry players in this space.
Key features of the study:
- This report provides an in-depth analysis of the azelaic acid market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024 –2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the azelaic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include BASF SE, Croda International plc, Emery Oleochemicals, Haihang Industry Co., Ltd, Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Matrica S.p.A., Nantong Hengxing Electronic Materials Co., Ltd., Nantong Jinghua Pharmaceutical Co., Ltd., Wufeng Chicheng Biotech Co., Ltd., and Xi'an Sonwu Biotech Co., Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the azelaic acid market.
- Azelaic Acid Market, By Type
- Polymer Grade
- Pharma Grade
- Technical Grade
- Azelaic Acid Market, By Application
- Pharmaceutical
- Adhesives
- Plastics,
- Lubricants
- Personal Care & Cosmetics
- Others
- Azelaic Acid Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Top Companies in the Azelaic Acid Market:
- BASF SE
- Croda International plc
- Emery Oleochemicals
- Haihang Industry Co., Ltd
- Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd.
- Matrica S.p.A.
- Nantong Hengxing Electronic Materials Co., Ltd.,
- Nantong Jinghua Pharmaceutical Co., Ltd.,
- Wufeng Chicheng Biotech Co., Ltd.
- Xi'an Sonwu Biotech Co., Ltd.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Azelaic Acid Market, By Type
- Azelaic Acid Market, By Application
- Azelaic Acid Market, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Growing use as tanning agent
- Restraints
- Innovation of new formulations
- Opportunities
- Emerging applications in pharmaceuticals industry
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Mergers, Acquisitions, and Collaborations
- 4. Azelaic Acid Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Azelaic Acid Market, By Type, 2019-2031 , (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019- 2031
- Segment Trends
- Polymer Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Pharma Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Technical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- 6. Azelaic Acid Market, By Application , 2019 - 2031 (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Adhesives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Plastics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Lubricants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Personal Care & Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- 7. Azelaic Acid Market , By Region, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Mn)
- South Africa
- Central Africa
- North Africa
- 8. Competitive Landscape
- Company Profile
- BASF SE.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Croda International plc.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Emery Oleochemicals
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Haihang Industry Co., Ltd
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Matrica S.p.A.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Nantong Hengxing Electronic Materials Co., Ltd.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Nantong Jinghua Pharmaceutical Co., Ltd.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Wufeng Chicheng Biotech Co., Ltd.
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Xi'an Sonwu Biotech Co., Ltd
- Company Overview
- Component Portfolio
- Recent Developments/Updates
- Analyst Views
- 9. Section
- References
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Azelaic Acid” - Global forecast to 2031
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