Pelargonic Acid Market, By Grade (Natural Grade, Synthetic Grade), By Application (Detergents, Lubricants, Lacquer & Coatings, Herbicide, Food Additives, Others (Personal Care & Cosmetics, and Others)), By Geography (North America, Latin America, Europe,

Pelargonic Acid Market, By Grade (Natural Grade, Synthetic Grade), By Application (Detergents, Lubricants, Lacquer & Coatings, Herbicide, Food Additives, Others (Personal Care & Cosmetics, and Others)), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Pelargonic acid is a specialized organic chemical molecule that is produced both naturally and chemically as esters. It is a white liquid chemical with a foul stench. Pelargonic acid is slightly soluble in water but miscible in a variety of organic solvents such as alcohols. Furthermore, the pelargonic acid ammonium salt is employed as a pesticide, particularly as a plant protection pesticide (herbicides). Herbicides react by destroying the plant's waxy cuticle (hydroxy fatty acid), resulting in cell leakage, disruption, and desiccation death.

Pelargonic acid does not have the same qualities as other chemicals used in chemical plants, making it less dangerous and harmful. Pelargonic acid is an antifungal substance that is also used to make plasticizers and lacquers. Nonanoate refers to the salts and esters of pelargonic conjugate acids. Nonanoate is made from nonane hydride. Furthermore, it can be found in very small amounts in a variety of commonly consumed foods such as goat's milk, apples, and grapes.

Market Dynamics

Due to the increased adoption of herbicides or plant protection pesticides to control weeds in plants and turfgrass, pelargonic acid or nonanoic acid consumption is expected to grow significantly over the forecast period. Pesticides, particularly herbicides, have seen significant expansion in recent years all around the world. Due to the rising demand for herbicides, the ammonium salt of pelargonic acid, ammonium nonanote, has seen excellent growth,This is expected to set the stage for a strong global increase in pelargonic acids over the next few years.

During the projected period, the limited application of pelargonic acid and the use of alternatives are expected to restrain the global pelargonic acid market growth.

Key features of the study:

• This report provides an in-depth analysis of the global pelargonic acid market size (US$ MN & KT), and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 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 into market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global pelargonic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study 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.
• Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, Technology up-gradation, market expansion, and marketing tactics
• The global pelargonic acid market report caters to various stakeholders in this industry including investors, suppliers, pelargonic acid manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pelargonic acid market

Pelargonic Acid Market Detailed Segmentation:

• By Grade:
• Natural Grade
• Synthetic Grade
• By Application:
• Detergents
• Lubricants
• Lacquer & Coatings
• Herbicide
• Food Additives
• Others (Personal Care & Cosmetics, and Others)
• By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
• Company Profiles
• 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.
• Zhengzhou Yibang Industry & Commerce Co., Ltd.