Brassylic acid, also coined as tridecanedioic acid is an alpha, omega dicarboxylic acid which is substituted by more than one carboxylic acid group. It is derived from erucic acid, found in the brassica family of plants such as rapeseed, crambe, and mustard among others. It is available in the market in powder, flakes, or diluted form. The esters of brassylic acid are used as a lubricant and as plasticizers for polyvinyl chloride. Brassylic acid esters are also used in the production of synthetic musk used in the fragrance industry.
Market Dynamics
On the basis of application, brassylic acid market is segmented into fragrances, adhesives, plastics, lubricants, and other polymers & copolymers. In 2022, the fragrances segment held the largest revenue share in the brassylic acid market accounting for 42% in terms of revenue. Brassylic acid is mainly utilized for fragrance in industries such as beauty care & cosmetics, personal care, and homecare among other industrial uses. Rising demand for lubricants & adhesives is also expected to drive the growth of the brassylic acid market over the forecast period.
Among regions, in 2022, Asia Pacific held a dominant position in the brassylic acid market and accounted for a revenue share of 37% in the global market. Increasing demand for fragrances, plasticizers, adhesives, and lubricants in end use industries is expected to drive the Europe brassylic acid market growth during the forecast period.
Key features of the study:
- This report provides in-depth analysis of the brassylic acid market and provides market size (US$ Mn & Tons) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue 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 product approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the brassylic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Cathay Industrial Biotech, Palmary Chemical, Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co., Ltd., Beyo Chemical Co., Ltd, Larodan Ab, Evonik Industries, Nantong Senos Biotechnology Co., Ltd., and Shanghai Kaleys Holding 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, technology upgradation, market expansion, and marketing tactics
- The brassylic acid market report caters to various stakeholders in this industry including investors, suppliers, brassylic acid manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global brassylic acid market
Detailed Segmentation:
- Global Brassylic Acid Market, By Raw Material Type:
- Paraffin Oil
- Vegetable Oil
- Crambe Oil
- Rapeseed Oil
- Others (Mustard Oil and Others)
- Global Brassylic Acid Market, By Production Method:
- Global Brassylic Acid Market, By Application:
- Fragrances
- Adhesives
- Plastics
- Lubricants
- Other Polymers & Copolymers
- Global Brassylic Acid Market, By Region:
- North America
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Rest of Africa
- Company Profiles
- Cathay Industrial Biotech*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Palmary Chemical
- Unisource Chemicals Pvt. Ltd.
- Zibo Guangtong Chemical Co., Ltd.
- Beyo Chemical Co., Ltd.
- Larodan Ab
- Evonik Industries
- Nantong Senos Biotechnology Co., Ltd.
- Shanghai Kaleys Holding Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
