Azelaic Acid Market

Azelaic acid is a naturally occurring dicarboxylic acid that is found in grains such as barley and wheat. It is used topically in the treatment of mild to moderate acne as it has antibacterial and anti-inflammatory properties. Azelaic acid reduces non-inflammatory lesions such as whiteheads, blackheads, and papules, along with reducing inflamed such as pustules and nodules. When applied to the affected skin, azelaic acid targets the bacteria Propionibacterium acnes, which resides within hair follicles and sebaceous glands. Additionally, it helps lighten areas of hyperpigmentation caused by acne by inhibiting tyrosinase, an enzyme involved in melanin production. Due to its antimicrobial effects, mild nature, and minimal side effects, azelaic acid has become an important topical treatment option for acne.

Market Dynamics:

The global azelaic acid market is driven by the increasing prevalence of acne vulgaris worldwide, particularly among young adults and adolescents. According to the American Academy of Dermatology, acne affects up to 50 million Americans annually, accounting for over 13 billion dollars in costs every year. Azelaic acid is a safe and effective treatment option for mild to moderate acne, making it appealing for use by teenagers. Additionally, its properties of skin lightening and fading post-inflammatory hyperpigmentation have led to an increased demand of azelaic acid in cosmetic products. However, alternatives available in the market including prescription isotretinoin and antibiotics, pose a threat to the azelaic acid market share. Furthermore, the generally higher cost of these pharmaceutical grade azelaic acid products as compared to other acne medications can hamper market growth. Nonetheless, the development of innovative drug delivery systems and combined high concentration gels and creams provides new opportunities for industry players in this space.

Key features of the study:

• This report provides an in-depth analysis of the azelaic acid market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024 –2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the azelaic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include BASF SE, Croda International plc, Emery Oleochemicals, Haihang Industry Co., Ltd, Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Matrica S.p.A., Nantong Hengxing Electronic Materials Co., Ltd., Nantong Jinghua Pharmaceutical Co., Ltd., Wufeng Chicheng Biotech Co., Ltd., and Xi'an Sonwu Biotech Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the azelaic acid market.

Detailed Segmentation:

• Azelaic Acid Market, By Type
  • Polymer Grade
  • Pharma Grade
  • Technical Grade
• Azelaic Acid Market, By Application
  • Pharmaceutical
  • Adhesives
  • Plastics,
  • Lubricants
  • Personal Care & Cosmetics
  • Others
• Azelaic Acid Market, By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Top Companies in the Azelaic Acid Market:
  • BASF SE
  • Croda International plc
  • Emery Oleochemicals
  • Haihang Industry Co., Ltd
  • Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd.
  • Matrica S.p.A.
  • Nantong Hengxing Electronic Materials Co., Ltd.,
  • Nantong Jinghua Pharmaceutical Co., Ltd.,
  • Wufeng Chicheng Biotech Co., Ltd.
  • Xi'an Sonwu Biotech Co., Ltd.