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Brassylic Acid Market

Brassylic Acid Market Forecasts to 2028 – Global Analysis By Raw Material Type (Paraffin Oil, Vegetable Oil), Application (Plastics, Lubricants, Fragrances, Adhesives, Pharmaceuticals, Nylon), and By Geography

4.4 (79 reviews)
Published: June 2021 ID: SMRC20575
4.4 (79 reviews)
Published: June 2021 ID: SMRC20575

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Brassylic Acid Market is accounted for $651.47 million in 2020 and is expected to reach $1,022.77 million by 2028 growing at a CAGR of 5.8% during the forecast period. Some of the key factors propelling the market growth include rising applications of brassylic acid in various end-use industries such as fragrances & perfumes, lubricants, and adhesives coupled with important use in the formation of polyurethanes, alkyd resins, and polyamides and the rise the use of brassylic acid in the manufacture of perfumes. However, adverse effects of brassylic acid and availability of alternatives are hampering the market growth.

 

brassylic-acid-fig-5.png

Brassylic acid, also coined as tridecanedioic acid is an alpha, omega dicarboxylic acid which is substituted by more than one carboxylic acid groups. It is derived from erucic acid, found in the brassica family of plants such as rapeseed, crambe, and mustard among others. It is available in the market in powder, flakes or diluted form. The esters of brassylic acid are used as a lubricant and as plasticizers for polyvinyl chloride. Brassylic acid esters are also used in the production of synthetic musk used in the fragrance industry. It belongs to the family of organic compounds called long-chain dicarboxylic acid.

By application, the fragrances segment is expected to grow at a significant rate during the forecast period, due to continuous demand of fragrances from various industries such as perfumes, cosmetics, personal care & cosmetics, and homecare among others. Fragrances derived from Brassylic Acid belong to macrocyclic musk category. Fragrances are used in beauty, personal care as well as various home care products. For instance, according to press release of the “International Fragrance Association”, sales generated by fragrance industry collectively in regions like Europe, MEA and Latin America. AS per the same source, there are around 3,000 raw material suppliers of fragrance and flavor companies.

On the basis of geography, the APAC region is expected to have considerable growth during the forecast period, owing to rising demand for lubricants in Asia Pacific region, an increase in disposable income along with change in people's lifestyle, the use of brassylic acid in industrial businesses, such as perfume production, has increased. In Asia Pacific, emerging economies such as China and India are expected to exhibit significant growth in the brassylic acid market, owing to increasing industrialization and urbanization in the region. For instance, according to a report by FUCHS, a Germany-based manufacturer of lubricants and specialty products, Asia Pacific accounted for over 40% of the total lubricant market and is expected to expand further.

Some of the key players in Brassylic Acid Market include Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co.Ltd., Evonik Industries, Nantong Senos Biotechnology Co.Ltd., Cathay Industrial Biotech Ltd., Palmary Chemical, Shanghai Kaleys Holding Co.Ltd, Beyo Chemical Co. Ltd, Larodan Ab, and TCI Chemical Pvt. Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 651.47 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

5.8%

Predicted 2028 Value:

USD 1,022.77 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

123

Chapters Covered:

Production Method, Raw Material Type, and Application

Core Drivers and Opportunities:

  • Rising applications of brassylic acid in various end-use industries
  • Rise in use of brassylic acid in the manufacture of perfumes.

Restraining Factors & Market Threats:

  • Adverse effects of brassylic acid
  • Availability of substitutes


Production Methods Covered:
• Fermentation/Microbial Synthesis
• Chemical Synthesis

Raw Material Types Covered:
• Paraffin Oil
• Vegetable Oil

Applications Covered:
• Plastics
• Lubricants
• Fragrances
• Adhesives
• Polymers & Copolymers
• Spices
• Surfactant
• Pharmaceuticals
• High Performance Polyamides and Nylon

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand     
o South Korea          
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Brassylic Acid Market is majorly driven by increase in the use of brassylic acid in the manufacture of perfumes, combined with a rise in the use of renewable sources, such as low-priced and readily available vegetable oil, and rising applications of brassylic acid in various end-use industries.

The fragrances segment is growing at a highest CAGR owing to continuous demand of fragrances from various industries such as perfumes, cosmetics, personal care & cosmetics, and homecare among others.

Europe dominated with a significant market share due to the increase in presence of key players, huge consumer base in this region, and the strong manufacturing base and sustainability in Europe has caused a spike in the demand for perfumes.

Asia Pacific market is growing at a highest CAGR owing to increasing industrialization and urbanization in the region, an increase in disposable income along with change in people's lifestyle, and rising demand for lubricants in Asia Pacific region.

Key players in Brassylic Acid Market include Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co.Ltd., Evonik Industries, Nantong Senos Biotechnology Co.Ltd., Cathay Industrial Biotech Ltd., Palmary Chemical, Shanghai Kaleys Holding Co.Ltd, Beyo Chemical Co. Ltd, Larodan Ab, and TCI Chemical Pvt. Ltd.

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