Undecylenic Acid Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is poised to account for largest revenue share of 58% by 2037, impelled by growing production of castor oil in the region.Lately, India, the world's largest producer of castor seeds, leads the globe in both castor oil output and export. Roughly 82% of global manufacturing is produced annually in India. For instance, more than 85% of the world's castor oil exports come from India. Castor oil is obtained from the fruit seed of castor (Ricinus communis L.) a large shrub that grows mainly in India, Brazil, and China which makes the nation amongst the most reliable manufacturers, exporters, and suppliers of Castor oil and its products.
North American Market Statistics
The North America undecylenic acid market is estimated to the second largest revenue share, during the forecast period led by the rising personal disposable income. This is driving the demand for cosmetics, makeup, and skincare products in the region. According to estimates, the United States' disposable personal income rose by 0.2% in December 2023 compared to the same month the previous year.
