GVR Report cover Pelargonic Acid Market Size, Share & Trends Report

Pelargonic Acid Market Size, Share & Trends Analysis Report By Grade, Applications, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454357
  • Number of Pages: 0
  • Format: Electronic (PDF)

Pelargonic acid is a straight-chain fatty acid that is also known as nonanoic acid. It is a liquid with a pungent odor and is soluble in water and most organic solvents. It is primarily derived from natural sources such as coconut oil, palm oil, and animal fats. The growth of this market is primarily driven by its increasing use in herbicides, particularly in organic farming, and its applications in the food and beverage industry.

Pelargonic acid is widely used as an active ingredient in herbicides due to its ability to kill weeds and unwanted plants quickly. It is particularly effective against annual and perennial broadleaf weeds and is commonly used in organic farming as an alternative to synthetic herbicides. Additionally, it acts as a food additive in the food and beverage industry. It is used as a flavoring agent in cheese, butter, and cream, as well as in the production of artificial butter flavorings. It is also used as a preservative in the food industry, where it inhibits the growth of bacteria and fungi.

For instance, in the production of artificial butter flavorings, pelargonic acid is used as a key ingredient. Artificial butter flavorings are used in a variety of products such as popcorn, baked goods, and snacks. It helps to give these products a rich, buttery flavor without the need for actual butter. It is also used as a preservative in the food industry, where it inhibits the growth of bacteria and fungi.

The pelargonic acid market is broadly segmented into grade and applications. The grade segment is categorized into synthetic grade and natural grade. The applications segment is further subdivided into lubricants, detergents, lacquer & coatings, food additives, herbicide, cosmetics, and others.

Some of the key players operating in this market are Central Drug House, TOKYO CHEMICAL INDUSTRY, Croda International Plc, Glentham Life Sciences Limited, OQ Chemicals GmbH, and others. Prominent players involved in the marketplace are continuously focusing on business expansion activities through collaborations and partnerships across the value chain. For instance, in December 2021, Glentham Life Sciences Limited announced an expansion in its footprint by launching a new subsidiary for the EU. This expansion has allowed the company to expand its customer base and strengthen its leadership position in the markets of Germany and U.K.

The Asia Pacific region is anticipated to witness significant growth in this market due to the increasing demand for bio-based products and sustainable chemical solutions. China, India, and Japan are the major consumers of these agrochemicals in the region.

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