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Market Analysis and Insights: Global Azelaic Acid Market
Azelaic acid is a crystalline, opaque-white solid, soluble in hot water, alcohols, diethyl ether, and other polar solvents. The two carboxyl groups of azelaic acid limit its solubility in nonpolar solvents such as naphtha or carbon tetrachloride.
It is a 9-carbon, straight chain, saturated, dibasic acid mainly produced commercially by the ozone oxidation of oleic acid. It is chemical raw material used in the production of plastics, lubricants, electronics, pharmaceuticals & cosmetics, etc.
Due to the COVID-19 pandemic, the global Azelaic Acid market size is estimated to be worth US$ 181250 million in 2022 and is forecast to a readjusted size of US$ 296560 million by 2029 with a CAGR of 7.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Industrial Grade accounting for % of the Azelaic Acid global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Plastics segment is altered to an % CAGR throughout this forecast period.
Global Azelaic Acid key players include Emery Oleochemicals, Croda Sipo, Matrica SpA, Ninghai Zhonglong, etc. Global top four manufacturers hold a share about 95%.
North America is the largest market, with a share about 40%, followed by Asia-Pacific, and Europe, both have a share about 55 percent.
In terms of product, Industrial Grade is the largest segment, with a share nearly 90%. And in terms of application, the largest application is Plastics, followed by Lubricants, Wearable DevicesElectronics, Pharmaceuticals and Cosmetics, etc.
Global Azelaic Acid Scope and Market Size
The global Azelaic Acid market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Azelaic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Industrial Grade
Pharmaceutical Grade
GMP Pharmaceutical Grade
Segment by Application
Plastics
Lubricants
Electronics
Pharmaceuticals and Cosmetics
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Emery Oleochemicals
Matrica SpA
BASF
Croda Sipo
Ninghai Zhonglong
Jiangsu Senxuan
Nantong Hengxing Electronic Materials
Shandong Clearwill
Hubei Tuochu
Azelaic acid is a crystalline, opaque-white solid, soluble in hot water, alcohols, diethyl ether, and other polar solvents. The two carboxyl groups of azelaic acid limit its solubility in nonpolar solvents such as naphtha or carbon tetrachloride.
It is a 9-carbon, straight chain, saturated, dibasic acid mainly produced commercially by the ozone oxidation of oleic acid. It is chemical raw material used in the production of plastics, lubricants, electronics, pharmaceuticals & cosmetics, etc.
Due to the COVID-19 pandemic, the global Azelaic Acid market size is estimated to be worth US$ 181250 million in 2022 and is forecast to a readjusted size of US$ 296560 million by 2029 with a CAGR of 7.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Industrial Grade accounting for % of the Azelaic Acid global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Plastics segment is altered to an % CAGR throughout this forecast period.
Global Azelaic Acid key players include Emery Oleochemicals, Croda Sipo, Matrica SpA, Ninghai Zhonglong, etc. Global top four manufacturers hold a share about 95%.
North America is the largest market, with a share about 40%, followed by Asia-Pacific, and Europe, both have a share about 55 percent.
In terms of product, Industrial Grade is the largest segment, with a share nearly 90%. And in terms of application, the largest application is Plastics, followed by Lubricants, Wearable DevicesElectronics, Pharmaceuticals and Cosmetics, etc.
Global Azelaic Acid Scope and Market Size
The global Azelaic Acid market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Azelaic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Industrial Grade
Pharmaceutical Grade
GMP Pharmaceutical Grade
Segment by Application
Plastics
Lubricants
Electronics
Pharmaceuticals and Cosmetics
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Emery Oleochemicals
Matrica SpA
BASF
Croda Sipo
Ninghai Zhonglong
Jiangsu Senxuan
Nantong Hengxing Electronic Materials
Shandong Clearwill
Hubei Tuochu
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