Pelargonic Acid Market - By Type (PA 90 Content, PA 95 Content, PA Blends), By Grade (Natural, Synthetic), By Application (Herbicides and Pesticides, Food Additives, Pharmaceuticals, Cosmetics, Industrial Cleaning) & Forecast, 2024 – 2032
Published on: 2024-07-07 | No of Pages : 240 | Industry : Chemical
Publisher : MRA | Format : PDF&Excel
Pelargonic Acid Market - By Type (PA 90 Content, PA 95 Content, PA Blends), By Grade (Natural, Synthetic), By Application (Herbicides and Pesticides, Food Additives, Pharmaceuticals, Cosmetics, Industrial Cleaning) & Forecast, 2024 – 2032
Pelargonic Acid Market - By Type (PA 90 Content, PA 95 Content, PA Blends), By Grade (Natural, Synthetic), By Application (Herbicides and Pesticides, Food Additives, Pharmaceuticals, Cosmetics, Industrial Cleaning) & Forecast, 2024 – 2032
Pelargonic Acid Market Size
Pelargonic Acid Market was valued at around USD 193.7 million in 2023 and is anticipated to register a CAGR of over 7.1% between 2024 and 2032. The industry is expanding due to its numerous uses across various sectors including agriculture (as a non-selective herbicide), pharmaceuticals (as an intermediate), and chemicals (as a solvent).
To get key market trends
Download Free Sample
Increasing consumer demand for environmentally friendly goods and a rising trend towards organic farming are further driving market growth, underscoring the importance of effectiveness and purity. The pelargonic acid industry exhibits potential as demand rises across agricultural, pharmaceutical, and chemical sectors. Its uses as a herbicide, pharmaceutical intermediate, and solvent drive its expansion. Growing environmental awareness and adoption of organic farming practices expand its reach, highlighting the importance of effectiveness and environmental sustainability.
Report Attribute | Details |
---|---|
Base Year | 2023 |
Pelargonic Acid Market Size in 2023 | USD 193.7 Million |
Forecast Period | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR | 7.1% |
2032 Value Projection | USD 359.1 Million |
Historical Data for | 2021 - 2023 |
No. of Pages | 350 |
Tables, Charts & Figures | 530 |
Segments covered | Type, Grade, Application |
Growth Drivers |
|
Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Download Free Sample
The pelargonic acid market is being propelled by two primary factors such as its extensive array of applications and the increasing focus on sustainability. Demand is driven by its utilization across diverse sectors such as chemicals, pharmaceuticals, and agriculture. Its rising prominence stems from its effectiveness as a pharmaceutical intermediate and a non-selective herbicide. Additionally, as environmental concerns heighten, there is a growing demand for eco-friendly alternatives across industries. Pelargonic acid aligns with this shift, driving market growth and positioning itself as a sustainable solution due to its recognized biodegradability and minimal environmental impact compared to conventional chemicals.
The market encounters two primary hurdles such as competition from alternative herbicides and regulatory constraints. Regulatory agencies impose rigorous rules on pesticide usage, necessitating protracted and expensive testing and approval procedures for manufacturers. Additionally, the market contends with synthetic chemicals and organic substitutes that provide comparable weed management efficacy. Overcoming these challenges requires navigating intricate regulatory frameworks and devising innovative strategies to distinguish pelargonic acid compounds. Maintaining competitiveness in the market entails highlighting their distinctive features, such as rapid degradation and minimal environmental impact.
Pelargonic Acid Market Trends
The pelargonic acid industry has undergone noticeable transformations, expanding due to increased demand for environmentally friendly options in agricultural and industrial cleaning sectors. This demand is further fuelled by the rise in organic farming practices. Additionally, advancements in production methods have led to enhanced productivity and product quality. Regulatory changes favouring safer chemical alternatives are also influencing the market landscape. Moreover, there is a growing preference for low-toxicity and biodegradable alternatives like pelargonic acid, driven by heightened consumer awareness of the adverse environmental effects of traditional herbicides. These trends collectively indicate a positive trajectory for the pelargonic acid industry, emphasizing efficiency, innovation, and sustainability.
Pelargonic Acid Market Analysis
Learn more about the key segments shaping this market
Download Free Sample
Based on the type, the market is segmented into PA 90 content, PA 95 content, PA blends. The PA 90 content segment stands out in the market with a market size of USD 95.5 million in 2023 and is expected to hold a market size of USD 172.4 million by 2032. Pelargonic acid, also known as PA 90, is extensively utilized, particularly in agricultural and gardening contexts as a herbicide. Its selective action against broadleaf weeds while sparing grasses has made it a popular choice for weed management in both fields and lawns. Within the market, the PA 90 content category denotes products with a 90% purity level of pelargonic acid, ensuring effective weed eradication. PA 90's environmentally friendly attributes, including its low toxicity and biodegradability, align well with the growing sustainability focus. Anticipated to meet the evolving demands of weed control across various sectors, particularly amid increasing calls for eco-friendly solutions and expanding agricultural activities, the PA 90 segment is projected to witness steady growth.
Learn more about the key segments shaping this market
Download Free Sample
Based on grade, the market can be further segmented into natural, synthetic. The natural segment dominates the market with a revenue share of about 70.7% in 2023 and is expected to hold a share of 72% by 2032. The natural segment within the pelargonic acid market comprises formulations sourced from natural origins, such as plant-based oils. These products are gaining popularity as there is a growing interest in sustainable and environmentally conscious options among consumers. Reflecting the increasing focus on eco-friendly practices, the natural category provides safe, biodegradable, and environmentally friendly solutions for weed management. Moreover, natural pelargonic acid formulations typically exhibit low toxicity, making them particularly appealing for applications in organic farming and gardening. With the rising demand for natural and organic products across various industries, the market for pelargonic acid's natural segment is set for significant expansion, addressing evolving consumer and environmental preferences.
Based on application, the market can be further classified into herbicides and pesticides, food additives, pharmaceuticals, cosmetics, industrial cleaning, others (fragrances, plasticizers). The herbicides and pesticides segment stands out in the market with a revenue size of USD 96.2 million in 2023 and is expected to hold a share of USD 176 million by 2032. Pelargonic acid, a pivotal component in numerous herbicides and insecticides, delivers efficient control over weeds and pests. Acting swiftly and indiscriminately in herbicides, it effectively targets broadleaf weeds while sparing grasses. Its rapid breakdown and minimal residual effects enhance its eco-friendly characteristics.
Additionally, pelargonic acid-based pesticides prove versatile in both agricultural and horticultural applications due to their broad-spectrum effectiveness against various pests. Its natural origin and low toxicity levels bolster its popularity, particularly within the realm of organic farming. Amid mounting concerns regarding chemical residues and environmental impacts, pelargonic acid emerges as a cornerstone of environmentally conscious and sustainable solutions within the herbicide and pesticide industry.
Looking for region specific data?
Download Free Sample
Europe had a significant position in the global industry with a revenue size of USD 76.1 million in 2023 and is expected to surpass USD 136.5 million by 2032. The pelargonic acid market in Europe is on a trajectory of swift expansion, driven by the uptick in eco-friendly herbicides and pesticides adoption. Pelargonic acid, celebrated for its environmentally friendly properties such as low toxicity and biodegradability, is gaining prominence as the preferred choice. This shift is reinforced by stringent regulations promoting sustainable agricultural practices. Its effectiveness in weed control, especially within the organic farming realm, serves as a catalyst for market growth.
Furthermore, the demand for products containing pelargonic acid is buoyed by increasing consumer awareness regarding chemical residues in food. With Europe's steadfast commitment to environmental stewardship and sustainable agriculture, the market is anticipated to experience substantial growth, catering to the evolving needs of the agricultural sector and environmentally conscious consumers.
Germany’s industry is experiencing rapid expansion due to various factors. The surge in demand for herbicides and pesticides containing pelargonic acid stems primarily from the increasing adoption of environmentally friendly farming practices. The consistent endorsement of eco-conscious agricultural methods of the country further bolsters this trend. Pelargonic acid's effectiveness in weed control, especially in organic farming, also contributes to its popularity. Moreover, the market's growth is propelled by German farmers growing awareness of the harmful effects of chemical residues in food. Together, these elements create an ideal environment for the swift advancement of the pelargonic acid industry in France.
In U.K., the market is thriving as consumers increasingly opt for eco-friendly herbicides. This trend is supported by government initiatives promoting sustainable farming and a rising interest in organic agriculture. Additionally, pelargonic acid's low environmental impact and efficient weed control contribute to its expanding commercial presence.
Pelargonic Acid Market Share
Competitors in the pelargonic acid sector utilize diverse strategies to uphold their leading roles. They emphasize distinctive characteristics such as purity, efficacy, and environmental sustainability to set their products apart from competitors. Investment in research and development to pioneer new formulations and uses remains pivotal for staying competitive. Effective marketing tactics, such as targeted advertising and fostering enduring client relationships, are equally indispensable. Moreover, companies may pursue strategic alliances or acquisitions to broaden their distribution networks and market presence. In essence, dominance in the market is sustained through a blend of innovation, product distinctiveness, and strategic partnerships.
Central Drug House, Croda International Plc, Emery Oleochemical, Glentham Life Sciences Limited are the key players operating in the pelargonic acid industry. They are expanding their production capacity to meet rising demand, especially for bio-based and sustainable pelargonic acid. Also the market leaders are developing new applications in sectors like cosmetics and personal care to diversify their market reach and penetrate emerging markets. Moreover they are adopting ways to hightlight the environmental benefits of pelargonic acid compared to traditional alternatives to attract eco-conscious consumers and industries.
Pelargonic Acid Market Companies
Major players operating in the market include
- Central Drug House
- Croda International Plc
- Emery Oleochemical
- Glentham Life Sciences Limited
- Haihang Industry
- Kunshan Odowell Co., Ltd
- Matrica S.p.A
- OQ Chemicals GmbH
- Tokyo Chemical Industry Co., Ltd.
- Zhengzhou Yibang Industry & Commerce Co., Ltd
Pelargonic Acid Industry News
- In July 2021, Lely North America, a company specializing in agricultural solutions, introduced a new teat spray called Quaress Omnia. This spray helps prevent mastitis in cows by containing pelargonic acid, a substance known for its ability to fight microbes and stop bacteria growth on cow teats.
The pelargonic Acid market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
Market, By Type
- PA 90 Content
- PA 95 Content
- PA Blends
Market, By Grade
- Natural
- Synthetic
Market, By Application
- Herbicides and Pesticides
- Food Additives
- Pharmaceuticals
- Cosmetics
- Industrial Cleaning
- Others (Fragrances, Plasticizers)
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary sources
1.4.2 Data mining sources
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis
2.2 Type trends
2.3 Grade trends
2.4 Application trends
2.5 Regional trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Market challenges
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.3.2.1 Sustainable manufacturing
3.3.2.1.1 Green practices
3.3.2.1.2 Decarbonization
3.3.3 Sustainability in raw materials
3.3.4 Raw material pricing trends (USD/Ton)
3.3.4.1 U.S.
3.3.4.2 European Union
3.3.4.3 UK
3.3.4.4 China
3.3.4.5 Southeast Asia
3.3.4.6 GCC
3.4 Regulations & market impact
3.5 Porter’s analysis
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)
5.1 Key trends
5.2 PA 90 content
5.3 PA 95 content
5.4 PA blends
Chapter 6 Market Size and Forecast, By Grade, 2021-2032 (USD Million, Kilo Tons)
6.1 Key trends
6.2 Natural
6.3 Synthetic
Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)
7.1 Key trends
7.2 Herbicides and pesticides
7.3 Food additives
7.4 Pharmaceuticals
7.5 Cosmetics
7.6 Industrial cleaning
7.7 Others (fragrances, plasticizers)
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 MEA
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 South Africa
8.6.4 Rest of UAE
Chapter 9 Company Profiles
9.1 Central Drug House
9.2 Croda International Plc
9.3 Emery Oleochemical
9.4 Glentham Life Sciences Limited
9.5 Haihang Industry
9.6 Kunshan Odowell Co., Ltd
9.7 Matrica S.p.A
9.8 OQ Chemicals GmbH
9.9 Tokyo Chemical Industry Co., Ltd.
9.10 Zhengzhou Yibang Industry & Commerce Co., Ltd