Arkema Group, HOKOKU Co. Ltd, Acme Synthetic Chemicals, Jayant Agro-Organics Limited, and TCI Chemicals (India) Pvt. Ltd, among others, are the major players in the global undecylenic acid market.
The global undecylenic acid market is expected to grow at a CAGR of about 4% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the expanding application scope of undecylenic acid in the pharmaceutical industry and rising consumer awareness of renewable source ingredients.
Undecylenic acid and its calcium/zinc salt are active ingredients in anti-fungal medicines to treat fungal illnesses, including ringworm and athlete's foot, due to their anti-fungal qualities. During the forecast period, FDA approval of medical applications is projected to favour the undecylenic acid industry's growth. Undecylenic acid is also used to treat candida infection, itching, and skin inflammation. The increasing availability of castor oil derived from vegetable sources is likely to be a significant market driver throughout the forecast period.
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Fragrance ingredients account for a significant portion of the undecylenic acid market. In perfumes, undecylenic acid and its derivatives are commonly used. As a result, the undecylenic acid market will likely benefit from rising perfume demand over the forecast period.
The Asia Pacific is expected to grow significantly throughout the forecast period due to an adequate availability of vegetable-derived castor oil. When castor oil is processed, it yields ricinoleic acid, which is then subjected to a series of chemical reactions to produce undecylenic acid. As a result, the quantity of castor oil in the region, particularly in growing countries like India, which dominate castor oil production, will assure the growth of the undecylenic acid market, thereby having a positive impact on the market's overall development.
Headquarter: Colombes, France
Building on its unique set of expertise in materials science, Arkema designs materials to address the ever-growing demand for innovative and sustainable materials, driven by the challenges of new energies, new technologies, the depletion of resources, mobility, and increasing urbanisation. The Group is structured into three coherent and complementary segments dedicated to Specialty Materials (Adhesive Solutions, Advanced Materials, and Coating Solutions) accounting for 85.5% of its sales, and an Intermediates segment leveraging competitive and global product lines.
Headquarter: Osaka, Japan
Hokoku Corporation deals in producing chemical products, vegetable fats and oils, castor oil, and its derivatives. The main products offered by Hokoku Corporation include undecylenic acid, undecylenic acid ester, sebacic acid, polyester polyols, refined castor oil, dehydrated castor oil, among others. Their principal customers include manufacturers of pharmaceuticals, cosmetics, synthetic fibres, surfactants, metal lubricants, and trading companies dealing in these products.
Headquarter: Mumbai, Maharashtra, India
Castor oil derivatives, chromatographic adsorbents, high purity lipids / fatty acids, and speciality chemicals based on oils and fats are the main products in Acme's product portfolio. These products are utilised in various industries, including pharmaceuticals, personal care, lubricants, and textile auxiliaries, among others.
Headquarter: Mumbai, Maharashtra, India
Jayant Agro-Organics Limited is a rapidly growing global oleochemical company that is a market leader in castor-based speciality chemicals. The main product offered by Jayant Agro-Organics Limited is castor oil. Various grades of castor oil like commercial-grade, first special grade, and pale pressed, among others, are provided by the company. Ihsedu Agrochem Pvt. Ltd., a subsidiary of Jayant Agro-Organics Ltd., is a leading manufacturer of various grades of castor oil in India.
Headquarter: Chennai, Tamil Nadu, India
TCI Chemicals (India) Pvt. Ltd is a leading global manufacturer of specialised organic chemicals. Organic laboratory chemicals, pharmaceutical, cosmetics, and functional materials are some of the products offered by TCI. Multi-purpose plants enable TCI to offer more than 29,000 products as well as custom synthesis. TCI has operations in North America, Europe, China, and India to serve customers worldwide.
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