Undecylenic Acid Market Trends

  • Report ID: 5816
  • Published Date: Mar 05, 2024
  • Report Format: PDF, PPT

Undecylenic Acid Market Trends

Growth Drivers

  • 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

  • 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

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 3 Billion

Forecast Year Market Size (2036)

~ USD 6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 5816
  • Published Date: Mar 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing chemical industry across the globe and the growing demand for synthetic lubricants are the major factors driving the growth of the market.

The market size of Undecylenic Acid is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024 - 2036.

The major players in the market are ITOH Oil Chemicals Co. Ltd., Jayant Agro Organics Limited, Hokoku Marine Co Ltd., PVS Chemicals Solutions, Inc, BASF SE, Akzo Nobel N.V., Xingtai Lantian Fine Chemical Co. Ltd, Arkema S.A., and others.

The Fragrance Ingredient segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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