The rising trend of producing chemical molecules from green feedstock is considerably propelling the erucic acid market. The growing demand for erucic acid in the metalworking and plastic additives industries is also providing several possibilities for erucic acid makers.
HEAR (High Erucic Acid Rapeseed Oil) is widely used in a variety of industries and contains around 43% erucic acid. More than 1.2 million tons of erucic acid were consumed globally for industrial purposes. Historically, demand for erucic acid in the food and pharmaceutical industries has been static in recent years; however, demand is expected to improve in the next years, particularly in the food and pharmaceutical industries.
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Competitive Landscape:
The global erucic acid market is somewhat fragmented, with big and mid-sized companies present. While major firms are focused on research and development to achieve long-term outcomes, mid-sized players are focusing on customer connections.Among the leading market participants are Bunge North America, Perdue Agribusiness, Vantage Performance Materials, Premium Crops, Wilmar International Limited, Naturescrops International, and Vantage Specialty Chemicals.
The research report provides an in-depth analysis of the erucic acid market, including analytical insights, facts, historical data, and statistically backed and industry-validated market statistics.
It also offers forecasts for erucic acid based on an acceptable set of assumptions and methodology. The study report contains analysis and information on erucic acid by grade, application, supply, and end use industry.
Key Players:
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Regional Analysis:
The worldwide erucic acid market is expected to expand significantly during the projected period, owing to rising demand for food additives and a variety of industrial uses. Erucic acid will increase significantly throughout the forecast period, with East Asia dominating the market, and this trend is projected to continue throughout the forecast period. Europe and North America are predicted to increase significantly throughout the projection period.
Key companies in the erucic acid market are concentrating their efforts on the development of erucic acid, particularly for use as antioxidants in the preservation of edible oils. Growing environmental laws for the use of ecologically friendly additives in polymer processing, lubricants, and the metal-working sector are likely to drive market expansion in developed nations. Plastic and polymer need for ercic acid
Key Segments of Industry:
- Based on grade:
- Erucic acid 43-50%
- Erucic acid >50%
- Based on application:
- Slip Agent
- Emollient
- Hair care and textile softening
- Pour point depressant
- Lubricants
- Food emulsifier
- Others
- Based on source:
- Rapeseed oil
- Canola
- Tame mustard
- Fish
- Others
- Based on end use industry:
- Plastic
- Printing ink
- Food
- Personal care
- Rubber
- Pharmaceutical
- Others
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