The Pelargonic Acid Market size was valued at USD 198.2 million in 2023 and is expected to grow to USD 330.50 million by 2031 and grow at a CAGR of 6.6% over the forecast period of 2024-2031.
Pelargonic acid, also known as nonanoic acid, is a chemical compound with the molecular formula C9H18O2 and is a naturally occurring fatty acid found in various plant and animal sources. It is widely used in numerous applications, including herbicides, lubricants, plasticizers, and flavors. The pelargonic acid market has witnessed significant growth in recent years, driven by its versatile properties and expanding end-use industries. One of the key factors propelling the market's growth is the rising demand for herbicides. Pelargonic acid-based herbicides have gained popularity due to their effectiveness in weed control, particularly in organic farming. With the increasing adoption of sustainable agricultural practices, the demand for pelargonic acid-based herbicides is expected to surge further.
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Moreover, the market is also driven by the growing demand for lubricants in various industries. Pelargonic acid's excellent lubricating properties make it an ideal ingredient in the manufacturing of lubricants for automotive, industrial, and marine applications. As these industries continue to expand, the demand for pelargonic acid-based lubricants is projected to witness substantial growth. Furthermore, the plasticizers industry has emerged as a significant consumer of pelargonic acid. Plasticizers are additives used to enhance the flexibility and durability of plastics. Pelargonic acid-based plasticizers offer several advantages, such as low toxicity and excellent compatibility with various polymers. As the demand for flexible plastics rises across sectors like packaging, construction, and automotive, the pelargonic acid market is expected to experience a surge in demand. In addition to these applications, pelargonic acid finds usage in the flavor and fragrance industry. Its unique odor profile makes it a valuable ingredient in the production of flavors and fragrances for various consumer products.
Drivers
Increasing demand for herbicides
The rising need for effective weed control in agriculture has led to a surge in the demand for pelargonic acid-based herbicides. These herbicides offer a sustainable and environmentally friendly alternative to traditional chemical herbicides, driving the growth of the pelargonic acid market.
Growing consumer preference for natural products
With an increasing awareness of the harmful effects of synthetic chemicals, consumers are gravitating towards natural and organic products. Pelargonic acid, derived from natural sources such as coconut oil, aligns with this preference, thereby driving its demand in various industries.
Expanding applications in the healthcare industry
Pelargonic acid has found applications in the pharmaceutical industry, particularly in the production of antifungal and antimicrobial agents. The growing prevalence of fungal and microbial infections has fueled the demand for such agents, consequently driving the growth of the pelargonic acid market.
Restrain
High production costs associated with pelargonic acid
The production of pelargonic acid involves complex extraction processes, which can be costly. These high production costs pose a significant restraint to the market's growth, as they limit the affordability and accessibility of pelargonic acid-based products.
Limited availability of raw materials
Pelargonic acid is primarily derived from natural sources, such as coconut oil. However, the limited availability of these raw materials can hinder the market's growth. Fluctuations in the supply of coconut oil, for instance, can impact the production and availability of pelargonic acid.
Opportunities
Increasing adoption of organic farming practices
Growing Awareness of Sustainable Products
With the increasing emphasis on sustainability, there is a rising demand for bio-based products. Pelargonic acid, derived from natural sources such as coconut oil, aligns with this trend. Its eco-friendly nature and biodegradability make it an attractive alternative to conventional chemical compounds. This presents an opportunity for market players to tap into the growing market of environmentally conscious consumers.
Challenges
Regulations and standards imposed by regulatory bodies
The Russia-Ukraine war has disrupted the supply chain of pelargonic acid, leading to a decrease in production and availability. Ukraine, being a major producer of this chemical compound, has faced significant challenges due to the conflict. The war has resulted in the destruction of infrastructure, hampering the transportation of raw materials and finished products. As a consequence, the supply of pelargonic acid has been severely affected, causing a shortage in the market. The Russia-Ukraine war has caused significant price fluctuations in the pelargonic acid market. The disruption in the supply chain, coupled with the decrease in demand, has created an imbalance in the market dynamics. As a result, the prices of pelargonic acid have experienced volatility, making it challenging for businesses to plan and forecast their operations effectively.
The recession has significantly impacted the demand for Pelargonic Acid. With reduced consumer spending and a decline in industrial activities, the need for products that utilize this acid has decreased. Industries such as agriculture, which heavily rely on herbicides containing Pelargonic Acid, have experienced a decline in demand due to the economic downturn. Additionally, the reduced purchasing power of consumers has led to a decrease in the demand for cosmetics and pharmaceuticals, further affecting the market. The recession has also affected the supply side of the Pelargonic Acid market. As industries face financial constraints, they have reduced their production capacities, leading to a decrease in the overall supply of Pelargonic Acid. This has resulted in a shortage of the product, causing price fluctuations and supply chain disruptions. Furthermore, the closure of manufacturing facilities and the limited availability of raw materials have further exacerbated the supply.
By Grade
Synthetic Grade
Natural Grade
By Application
Detergents
Personal Care & Cosmetics
Lacquer & Coatings
Lubricants
Food Additives
Herbicide
Others
The Asia Pacific region is projected to experience the highest CAGR of about 45.2% in the pelargonic acid market during the forecast period. The Asia Pacific region is home to a large population, which translates into a substantial consumer base. This population growth, coupled with rising disposable incomes and changing lifestyles, has led to an increased demand for various products that utilize pelargonic acid. These products include herbicides, lubricants, and plasticizers, among others. Furthermore, the Asia Pacific region has been witnessing rapid industrialization and urbanization, leading to an upsurge in construction activities and infrastructure development. Pelargonic acid finds extensive application in the construction industry, particularly in the production of concrete additives and coatings. As a result, the growing construction sector in the region is expected to drive the demand for pelargonic acid.
Moreover, the Asia Pacific region boasts a robust agricultural sector, with countries like China and India being major contributors. Pelargonic acid is widely used as a herbicide in agriculture, aiding in weed control and enhancing crop yields. The increasing adoption of modern farming techniques and the need for efficient weed management are anticipated to fuel the demand for pelargonic acid in the agricultural sector.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Kunshan Odowell Co. Ltd, Central Drug House, Croda International Plc., Glentham Life Sciences Limited, Emery Oleochemicals, Matrica S.p.A, Haihang Industry, Tokyo Chemical Industry Co. Ltd., Zhengzhou Yibang Industry & Commerce Co. Ltd., OQ Chemicals GmbH, and other key players mentioned in the final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 198.2 Mn |
| Market Size by 2031 | US$ 330.50 Mn |
| CAGR | CAGR of 6.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Grade (Synthetic Grade and Natural Grade) • By Application (Detergents, Personal Care & Cosmetics, Lacquer & Coatings, Lubricants, Food Additives, Herbicide, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Kunshan Odowell Co. Ltd, Central Drug House, Croda International Plc., Glentham Life Sciences Limited, Emery Oleochemicals, Matrica S.p.A, Haihang Industry, Tokyo Chemical Industry Co. Ltd., Zhengzhou Yibang Industry & Commerce Co. Ltd., OQ Chemicals GmbH |
| Key Drivers | • Increasing demand for herbicides • Growing consumer preference for natural products • Expanding applications in the pharmaceutical industry |
| Market Restraints | • High production costs associated with pelargonic acid • Limited availability of raw materials |
Ans. The Compound Annual Growth rate for Pelargonic Acid Market over the forecast period is 6.6%.
Ans. The projected market size for the Pelargonic Acid Market is USD 330.50 million by 2031.
Ans: The natural grade segment dominated the Pelargonic Acid Market with a revenue share of about 65% in 2023.
Ans: Kunshan Odowell Co. Ltd, Croda International Plc., Central Drug House, Glentham Life Sciences Limited, Matrica S.p.A, Emery Oleochemicals are the key players in the Pelargonic Acid Market.
Ans: Yes, you can ask for the customization as pas per your business requirement.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Pelargonic Acid Market Segmentation, By Grade
8.1 Synthetic Grade
8.2 Natural Grade
9. Pelargonic Acid Market Segmentation, By Application
9.1 Detergents
9.2 Personal Care & Cosmetics
9.3 Lacquer & Coatings
9.4 Lubricants
9.5 Food Additives
9.6 Herbicide
9.7 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Pelargonic Acid Market by Country
10.2.2North America Pelargonic Acid Market by Grade
10.2.3 North America Pelargonic Acid Market by Application
10.2.4 USA
10.2.4.1 USA Pelargonic Acid Market by Grade
10.2.4.2 USA Pelargonic Acid Market by Application
10.2.5 Canada
10.2.5.1 Canada Pelargonic Acid Market by Grade
10.2.5.2 Canada Pelargonic Acid Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Pelargonic Acid Market by Grade
10.2.6.2 Mexico Pelargonic Acid Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Pelargonic Acid Market by Country
10.3.1.2 Eastern Europe Pelargonic Acid Market by Grade
10.3.1.3 Eastern Europe Pelargonic Acid Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Pelargonic Acid Market by Grade
10.3.1.4.2 Poland Pelargonic Acid Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Pelargonic Acid Market by Grade
10.3.1.5.2 Romania Pelargonic Acid Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Pelargonic Acid Market by Grade
10.3.1.6.2 Hungary Pelargonic Acid Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Pelargonic Acid Market by Grade
10.3.1.7.2 Turkey Pelargonic Acid Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Pelargonic Acid Market by Grade
10.3.1.8.2 Rest of Eastern Europe Pelargonic Acid Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Pelargonic Acid Market by Country
10.3.2.2 Western Europe Pelargonic Acid Market by Grade
10.3.2.3 Western Europe Pelargonic Acid Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Pelargonic Acid Market by Grade
10.3.2.4.2 Germany Pelargonic Acid Market by Application
10.3.2.5 France
10.3.2.5.1 France Pelargonic Acid Market by Grade
10.3.2.5.2 France Pelargonic Acid Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Pelargonic Acid Market by Grade
10.3.2.6.2 UK Pelargonic Acid Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Pelargonic Acid Market by Grade
10.3.2.7.2 Italy Pelargonic Acid Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Pelargonic Acid Market by Grade
10.3.2.8.2 Spain Pelargonic Acid Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Pelargonic Acid Market by Grade
10.3.2.9.2 Netherlands Pelargonic Acid Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Pelargonic Acid Market by Grade
10.3.2.10.2 Switzerland Pelargonic Acid Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Pelargonic Acid Market by Grade
10.3.2.11.2 Austria Pelargonic Acid Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Pelargonic Acid Market by Grade
10.3.2.12.2 Rest of Western Europe Pelargonic Acid Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Pelargonic Acid Market by Country
10.4.2 Asia Pacific Pelargonic Acid Market by Grade
10.4.3 Asia Pacific Pelargonic Acid Market by Application
10.4.4 China
10.4.4.1 China Pelargonic Acid Market by Grade
10.4.4.2 China Pelargonic Acid Market by Application
10.4.5 India
10.4.5.1 India Pelargonic Acid Market by Grade
10.4.5.2 India Pelargonic Acid Market by Application
10.4.6 Japan
10.4.6.1 Japan Pelargonic Acid Market by Grade
10.4.6.2 Japan Pelargonic Acid Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Pelargonic Acid Market by Grade
10.4.7.2 South Korea Pelargonic Acid Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Pelargonic Acid Market by Grade
10.4.8.2 Vietnam Pelargonic Acid Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Pelargonic Acid Market by Grade
10.4.9.2 Singapore Pelargonic Acid Market by Application
10.4.10 Australia
10.4.10.1 Australia Pelargonic Acid Market by Grade
10.4.10.2 Australia Pelargonic Acid Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Pelargonic Acid Market by Grade
10.4.11.2 Rest of Asia-Pacific Pelargonic Acid Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Pelargonic Acid Market by Country
10.5.1.2 Middle East Pelargonic Acid Market by Grade
10.5.1.3 Middle East Pelargonic Acid Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Pelargonic Acid Market by Grade
10.5.1.4.2 UAE Pelargonic Acid Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Pelargonic Acid Market by Grade
10.5.1.5.2 Egypt Pelargonic Acid Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Pelargonic Acid Market by Grade
10.5.1.6.2 Saudi Arabia Pelargonic Acid Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Pelargonic Acid Market by Grade
10.5.1.7.2 Qatar Pelargonic Acid Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Pelargonic Acid Market by Grade
10.5.1.8.2 Rest of Middle East Pelargonic Acid Market by Application
10.5.2 Africa
10.5.2.1 Africa Pelargonic Acid Market by Country
10.5.2.2 Africa Pelargonic Acid Market by Grade
10.5.2.3 Africa Pelargonic Acid Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Pelargonic Acid Market by Grade
10.5.2.4.2 Nigeria Pelargonic Acid Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Pelargonic Acid Market by Grade
10.5.2.5.2 South Africa Pelargonic Acid Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Pelargonic Acid Market by Grade
10.5.2.6.2 Rest of Africa Pelargonic Acid Market by Application
10.6 Latin America
10.6.1 Latin America Pelargonic Acid Market by Country
10.6.2 Latin America Pelargonic Acid Market by Grade
10.6.3 Latin America Pelargonic Acid Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Pelargonic Acid Market by Grade
10.6.4.2 Brazil Africa Pelargonic Acid Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Pelargonic Acid Market by Grade
10.6.5.2 Argentina Pelargonic Acid Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Pelargonic Acid Market by Grade
10.6.6.2 Colombia Pelargonic Acid Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Pelargonic Acid Market by Grade
10.6.7.2 Rest of Latin America Pelargonic Acid Market by Application
11 Company Profile
11.1 Kunshan Odowell Co. Ltd.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Central Drug House
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Croda International Plc.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Glentham Life Sciences Limited
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Emery Oleochemicals
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Matrica S.p.A.
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Haihang Industry
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Tokyo Chemical Industry Co. Ltd.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Zhengzhou Yibang Industry & Commerce Co. Ltd.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 OQ Chemicals GmbH
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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