Erucic Acid Market Size

Erucic Acid Market size is anticipated to cross USD 990 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of erucic acid was over USD 102 Billion. The advancing drift of fabricating chemical substances from green feedstock is fueling the erucic corrosive showcase altogether. Expanding requests for erucic corrosive within the metalworking and plastic-added substances industry is additionally creating plentiful openings for producers working within the erucic corrosive advertise. High Erucic Acid Rapeseed Oil is broadly utilized by various businesses and contains almost 43% erucic corrosive. Worldwide utilization of erucic corrosive for mechanical applications stood at more than 1.2 Mn tons. 

The expanded request for erucic acid has been driven by the rising directions on the utilization of naturally inviting added substances for lubricants, polymers, the metalworking segment, and others. Hence, the developing endeavors by worldwide producers, combined with strict controls, are anticipated to drive erucic acid requests over the estimated period. The worldwide advertising for erucic acid has seen an increment within the request from the manufacturers of chemicals utilized within the plastic and polymer movies businesses as major added substances.