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Pelargonic Acid Market Trends

  • Report ID: GMI9392
  • Published Date: May 2024
  • Report Format: PDF

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for pelargonic acid was valued at USD 193.7 million in 2023 and is anticipated to register over 7.1% CAGR between 2024 and 2032, owing to the rising demand for bio-based products.

The PA 90 content segment in the pelargonic acid market generated USD 95.5 million in 2023 and is expected to register USD 172.4 million by 2032, driven by the evolving demands of weed control across various sectors, particularly amid increasing calls for eco-friendly solutions.

Europe market size generated USD 76.1 million in 2023 and is expected to register USD 136.5 million by 2032, led by the uptick in eco-friendly herbicides and pesticides adoption.

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. and Zhengzhou Yibang Industry & Commerce Co., Ltd

Pelargonic Acid Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 530
  • Countries covered: 21
  • Pages: 350
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