Pelargonic acid, also known as nonanoic acid, is a saturated fatty acid that is used in various end-use industries like personal care, food & beverages, and others. It is used as a surfactant or emulsifier in shampoos, shower gels, and other cosmetic products. In the food industry, pelargonic acid is utilized as a food additive and preservative to prevent microbial growth.
The United Kingdom Pelargonic Acid Market is estimated to be valued at US$ 6.29 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the United Kingdom pelargonic acid are Central Drug House, Croda International Plc, Emery Oleochemicals UK Limited, & Glentham Life Sciences Limited, OQ Chemicals GmbH. Croda International Plc and Emery Oleochemicals UK Limited are the major producers and suppliers of pelargonic acid in the UK.
Key opportunities in the UK pelargonic acid market include growing demand from the personal care industry for manufacturing cosmetic products like cleansing formulas, moisturizers, etc. and increasing usage of pelargonic acid as a natural preservative in food products.
Globally, pelargonic acid manufacturers are focusing on expanding their production facilities and distribution networks across European countries like Germany, France, Italy, and globally in Asia Pacific and North & South America. This is helping players tap new revenue streams and strengthen their presence in foreign markets.
Market Drivers:
The growing personal care industry in the UK is a major market driver. Pelargonic acid finds wide usage in formulations of shower gels, shampoos, conditioners, etc. due to its mild acidity and surfactant properties.
Market Restraints:
High production costs and volatile raw material prices can restrain the pelargonic acid market growth. Fluctuations in crude oil prices directly impact the procurement cost of raw materials for manufacturers.
Segment Analysis
The United Kingdom Pelargonic acid market is dominated by the chemical intermediates sub segment. This is because pelargonic acid is majorly used to synthesize esters, amides and pharmaceutical intermediates. It is used in manufacturing various chemical products like lubricants, plasticizers, synthetic leather etc. Moreover, pelargonic acid finds application in the manufacturing of fragrance and flavors. Growing demand from industries like food and beverages, personal care is driving growth of fragrance and flavors sub segment in the UK market.
Global Analysis
The Europe region dominates the global pelargonic acid market and the UK accounts for a major share of the European market. This is due to presence of key players and larger industrial base of chemical and personal care products industry in the UK and other European countries. Moreover, growing demand for green chemicals across industries is augmenting market growth. The Asia Pacific region is projected to be the fastest growing market during the forecast period. This is attributed to expansion of end use industries like chemical, food and beverages, and personal care in developing economies of China and India. Increasing industrial activities along with rising disposable income is further propelling demand of pelargonic acid in the region.
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What Are The Key Data Covered In This United Kingdom Pelargonic Acid Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United Kingdom Pelargonic Acid's growth between 2024 and 2031.
:- Accurate calculation of the size of the United Kingdom Pelargonic Acid and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United Kingdom Pelargonic Acid Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United Kingdom Pelargonic Acid vendors
FAQ’s
Q.1 What are the main factors influencing the United Kingdom Pelargonic Acid?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United Kingdom Pelargonic Acid companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United Kingdom Pelargonic Acid’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it