QYResearch: The global Azelaic Acid market is expected to reach USD 122 million by the end of 2023
http://www.qyresearchglobal.com/goods-1434112.html According to QYResearch, the global Azelaic Acid market is valued at USD 94 million in 2017 and is expected to reach USD 122 million by the end of 2023, growing at a CAGR of 4.45
http://www.qyresearchglobal.com/goods-1434112.html According to QYResearch, the global Azelaic Acid market is valued at USD 94 million in 2017 and is expected to reach USD 122 million by the end of 2023, growing at a CAGR of 4.45
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<strong>Azelaic</strong> acid <strong>is</strong> a crystalline, opaque-white<br />
solid, soluble in hot water, alcohols,<br />
diethyl e<strong>the</strong>r, and o<strong>the</strong>r polar solvents.<br />
<strong>The</strong> two carboxyl groups <strong>of</strong> azelaic acid<br />
limit its solubility in nonpolar solvents<br />
such as naphtha or carbon tetrachloride.<br />
It <strong>is</strong> a 9-carbon, straight chain,<br />
saturated, dibasic acid mainly produced<br />
commercially <strong>by</strong> <strong>the</strong> ozone oxidation <strong>of</strong><br />
oleic acid. It <strong>is</strong> chemical raw material<br />
used in <strong>the</strong> production <strong>of</strong> plastics,<br />
lubricants, electronics, pharmaceuticals &<br />
cosmetics, etc.
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<strong>The</strong> <strong>global</strong> azelaic acid industry has a ra<strong>the</strong>r high monopoly. <strong>The</strong> production <strong>of</strong> <strong>global</strong> azelaic acid<br />
varied from 8342 MT in 2012 <strong>to</strong> 10160 MT in 2016, with a CAGR <strong>of</strong> more than 5.05%. In 2016,<br />
<strong>the</strong> <strong>global</strong> azelaic acid consumption <strong>market</strong> <strong>is</strong> led <strong>by</strong> USA, accounting for 37.22% <strong>of</strong> <strong>global</strong>.<br />
Europe <strong>is</strong> <strong>the</strong> second-largest region-w<strong>is</strong>e <strong>market</strong>, holding about 30.94% <strong>global</strong> share.<br />
At present, <strong>the</strong> major manufacturers <strong>of</strong> azelaic acid are Emery Oleochemicals, Matrica, BASF,<br />
Croda Sipo and Nan<strong>to</strong>ng Hengxing Electronic Materials. Emery Oleochemicals <strong>is</strong> <strong>the</strong> world’s<br />
largest commercial producer <strong>of</strong> azelaic acid, holding 75.26% sales <strong>market</strong> share in 2016. <strong>The</strong><br />
present line <strong>of</strong> EMEROX® azelaic acids <strong>is</strong> <strong>the</strong> result <strong>of</strong> over 60 years <strong>of</strong> research <strong>by</strong> Emery<br />
Oleochemicals, pioneer in <strong>the</strong> commercial development <strong>of</strong> azelaic acid.<br />
<strong>Azelaic</strong> acid downstream <strong>is</strong> wide and recently azelaic acid has acquired increasing significance in<br />
various fields <strong>of</strong> plastics, petrochemical, electronics, pharmaceuticals, cosmetics and o<strong>the</strong>rs.<br />
Globally, <strong>the</strong> azelaic acid <strong>market</strong> <strong>is</strong> mainly driven <strong>by</strong> growing demand for plastics and lubricant,<br />
holding about 60.79% <strong>of</strong> <strong>global</strong> azelaic acid consumption. For demand <strong>market</strong> <strong>of</strong> azelaic acid,<br />
<strong>the</strong>re <strong>is</strong> also a certain space in <strong>the</strong> next few years and USA <strong>is</strong> <strong>the</strong> largest consumption region.
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According <strong>to</strong> QYR research and analys<strong>is</strong>,<br />
Emery Oleochemicals <strong>is</strong> <strong>the</strong> major leaders in<br />
<strong>the</strong> international <strong>market</strong> <strong>of</strong> azelaic acid.<br />
Manufacturers from China are immature in<br />
technology. <strong>The</strong>re <strong>is</strong> large space in <strong>the</strong> China<br />
<strong>market</strong>. <strong>The</strong> demand <strong>of</strong> China’s azelaic acid<br />
<strong>market</strong> <strong>is</strong> mainly from two aspects, one <strong>is</strong><br />
production <strong>of</strong> domestic small medium<br />
enterpr<strong>is</strong>es, and ano<strong>the</strong>r <strong>is</strong> relying on<br />
imports.
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Global <strong>market</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong> witness<br />
growth on account <strong>of</strong> r<strong>is</strong>ing applications,<br />
so in <strong>the</strong> next few years, azelaic acid<br />
consumption will show a tr<strong>end</strong> <strong>of</strong> steady<br />
growth. In <strong>2023</strong> <strong>the</strong> sales <strong>of</strong> azelaic<br />
acid <strong>is</strong> estimated <strong>to</strong> be 12.5 K MT.<br />
Full Report Link: http://www.qyresearch<strong>global</strong>.com/goods-1434112.html
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