Global Erucic Acid Market: Overview
The evolving trend of manufacturing chemical substances from green feedstock is fueling the erucic acid market significantly. Increasing demand for erucic acid in the metalworking and plastic additives industry is also creating ample opportunities for manufacturers operating in the erucic acid market.
HEAR (High Erucic Acid Rapeseed Oil) is widely utilized by numerous industries, which contains about 43% of erucic acid. Global consumption of erucic acid for industrial applications stood at more than 1.2 Mn tons. Historically, demand for erucic acid in the food and pharmaceutical industry has witnessed stagnant growth in the recent past, however, the demand is likely to improve, especially in the food and pharmaceutical industry in the years to come.
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A wide range of applications in plastic, personal care, and lubricants is likely to boost the demand for erucic acid in Asian countries. Certain drawbacks of erucic acid in terms of its end-use applications has been created concern among consumer groups. For instance, a high concentration of erucic acid in vegetable oils leads to severe heart-related issues such as the deposition of triglyceride. Rigorous R&D activities are essential to eliminate such drawbacks and thus improve the product lifecycle of erucic acid.
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Global Erucic Acid Market: Segmentation
The Erucic acid has been segmented into different parts based on grade, application, source, end use industry and region
Based on grade, the Erucic acid is segmented into:
- Erucic acid 43-50%
- Erucic acid >50%
Based on application, the Erucic acid is segmented into:
- Slip Agent
- Emollient
- Hair care and textile softening
- Pour point depressant
- Lubricants
- Food emulsifier
- Others
Based on source, the Erucic acid is segmented into:
- Rapeseed oil
- Canola
- Tame mustard
- Fish
- Others
Based on end use industry, the Erucic acid is segmented into:
- Plastic
- Printing ink
- Food
- Personal care
- Rubber
- Pharmaceutical
- Others
Based on region, the Erucic acid is segmented into:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Global Erucic Acid Market: Key Players
Global erucic acid market is moderately fragmented with the presence of large and mid-sized players. While, large players are focusing on research and development to derive long-term results, mid-sized players are aligning their concentration towards building cuctomer-relationships.
Some key market participants are Bunge North America, Perdue Agribusiness, Vantage Performance Materials, Premium crops, Wilmar International Limited, Naturescrops International, Vantage Specialty Chemicals, among other prominent players.
The research report presents a comprehensive assessment of the erucic acid, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also includes projections using a suitable set of assumptions and methodologies for the erucic acid. The research report provides analysis and information according to the erucic acid segmented into grade, application, source, end use industry and region
The erucic acids report covers exhaustive analysis on:
- Erucic acid segments
- Erucic acid dynamics
- Erucic acid size
- Supply & demand
- Current trends/issues/challenges
- Competition & companies involved
- Technology
- Value chain
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