Undecylenic Acid Market: Growth Drivers and Challenges
Growth Drivers
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Rising Production of Nylon 11 - The primary application of undecylenic acid is in the commercial manufacturing of Nylon-11, which finds use in both engineering plastic and fiber applications such as making textiles, electrical wire sheathing, pipelines, and other materials owing to its great strength, flexibility, and stability under harsh conditions.
- Growing Burden of Skin Fungal Infections- The class of drugs known as antifungals includes undecylenic acid which functions by stopping the growth of fungi and is applied to some categories of fungal infections such as ringworm, jock itch, or athlete's foot. For instance, over 65% of people will at some point in their lives get tinea pedis, which is a widespread ailment worldwide.
- Increasing Demand for Food Preservatives- Undecylenic acid is a monounsaturated fatty acid derived from castor oil which is utilized in the food sector as a preservative to increase the shelf life of food items.
Challenges
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Adverse Effects of Undecylenic Acid - Overdosing via topical use of undecylenic acid and its derivatives may hurt the central nervous system (CNS), gastrointestinal disruption, headache, vertigo, excitation, sleepiness, and can result in weight loss and anorexia, or loss of appetite. In expectant mothers the application of undecylenic acid and its derivatives causes the medication to be excreted in breast milk. A drug may have certain side effects in addition to its intended effects since it may manifest as very severe blistering, peeling, itching, dryness, or redness on the area being treated.
- Availability of alternative products can impact the undecylenic acid market growth
- Variations in raw material prices owing to supply chain disruptions, and other factors can affect the production cost
Undecylenic Acid Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.5% |
|
Base Year Market Size (2024) |
USD 3.31 billion |
|
Forecast Year Market Size (2037) |
USD 5.87 billion |
|
Regional Scope |
|