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Global Erucic Acid Market: By Source: Rapeseed Oil, Canola, Tame Mustard, Fish, Others; By Grade: Low, High; By Application: Plastic, Printing Ink, Personal Care, Rubber, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Erucic Acid Market Outlook
The global erucic acid market to be aided by the growth of the high erucic acid rapeseed market, which is expected to grow at a CAGR of about 3.2% in the forecast period of 2022-2027.
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Europe and North America to Significant Aid the Growth of the Global Market for Erucic Acid
Europe and North America are among the leading regions for the global erucic acid industry. Both these regions witness a significant production of erucic acid since rapeseed and canola, among others, are widely cultivated in these regions. Apart from these two regions, it is also expected that the demand for erucic acid will rise significantly in Latin America. A notable part of the production has also been achieved in the region, with the growing agricultural production of major oilseeds in Latin America.
The Asia Pacific region is among the fastest-growing regions in the global market. In the developed countries, increasing regulations for the use of environmentally friendly additives for polymer production, lubricants, and metals are expected to accelerate the market growth. The demand for plastic, as well as polymer erucic acid in China, is expected to provide the manufacturers with lucrative opportunities for large-scale orders. This is likely to boost the market growth in the Asia Pacific region in the coming years.
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Erucic Acid: Market Segmentation
Erucic acid is used in lubricants and the metalworking industry as an essential oil and lubricity additive. Erucic acid is a versatile substance used in many ways, including in lubricants, plastics, personal care and cosmetics, and pharmaceuticals, among others. It has a long fatty acid chain, which is important for any feedstuff ingredient.
Based on source, the market can be divided as follows:
- Rapeseed Oil
- Canola
- Tame Mustard
- Fish
- Others
The grades of the product can be divided as follows:
- Low
- High
Erucic acid finds wide applications in the following segments:
- Plastic
- Printing Inks
- Personal Care
- Rubber
- Pharmaceuticals
- Others
The regional markets for erucic acid can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Applications of Erucic Acid Bolstering the Market Growth
The increased demand for erucic acid has been driven by the rising regulations on the use of environmentally friendly additives for lubricants, polymers, the metalworking sector, and others. Therefore, the growing efforts by global manufacturers, combined with strict regulations, are expected to drive erucic acid demand over the forecast period, particularly in North America and Europe. The global market for erucic acid has seen an increase in the demand from the manufactures of chemicals used in the plastic and polymer films industries as major additives.
Key Industry Players in the Global Erucic Acid Market
The report gives a detailed analysis of the following key players in the global erucic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Bunge Limited
- Perdue Farms Inc.
- Vantage Specialty Chemicals
- Acme Soap Works
- Godrej Industries Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Grade, Application, Region |
| Breakup by Source | Rapeseed Oil, Canola, Tame Mustard, Fish, Others |
| Breakup by Grade | Low, High |
| Breakup by Application | Plastic, Printing Ink, Personal Care, Rubber, Pharmaceuticals, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Bunge Limited, Perdue Farms Inc., Vantage Specialty Chemicals, Acme Soap Works, Godrej Industries Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Erucic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Erucic Acid Historical Market (2017-2021)
8.3 Global Erucic Acid Market Forecast (2022-2027)
8.4 Global Erucic Acid Market by Source
8.4.1 Rapeseed Oil
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Canola
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Tame Mustard
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Fish
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Erucic Acid Market by Grade
8.5.1 Low
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 High
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Erucic Acid Market by Application
8.6.1 Plastic
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Printing Ink
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Personal Care
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Rubber
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Pharmaceuticals
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Others
8.7 Global Erucic Acid Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Bunge Limited
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Perdue Farms Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Vantage Specialty Chemicals
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Acme Soap Works
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Godrej Industries Limited
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Erucic Acid Market: Key Industry Highlights, 2016 and 2026
2. Global Erucic Acid Historical Market: Breakup by Source (USD Million), 2017-2021
3. Global Erucic Acid Market Forecast: Breakup by Source (USD Million), 2022-2027
4. Global Erucic Acid Historical Market: Breakup by Grade (USD Million), 2017-2021
5. Global Erucic Acid Market Forecast: Breakup by Grade (USD Million), 2022-2027
6. Global Erucic Acid Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Erucic Acid Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Erucic Acid Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Erucic Acid Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Erucic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Erucic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Erucic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Erucic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Erucic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Erucic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Erucic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Erucic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Erucic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Erucic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
20. North America Historical Price Trends and Forecast 2017-2027
21. Europe Historical Price Trends and Forecast 2017-2027
22. Asia Pacific Historical Price Trends and Forecast 2017-2027
23. Latin America Historical Price Trends and Forecast 2017-2027
24. Middle East and Africa Historical Price Trends and Forecast 2017-2027
25. Global Erucic Acid Market Structure
Key Questions Answered in the Report
The global erucic acid market is being driven by the rising high erucic acid rapeseed market, which is projected to grow at a CAGR of 3.2% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising agricultural production of major oilseeds, increasing efforts by global manufacturers, strict regulations, and rising demand from the plastic and polymer films industries, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising implementation of regulations for the use of environmentally friendly additives for polymer production, lubricants, and metals.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of erucic acid in the market are rapeseed oil, canola, tame mustard, and fish, among others.
The major grades of erucic acid in the industry are low and high.
The significant application segments in the market are plastic, printing inks, personal care, rubber, and pharmaceuticals, among others.
The major players in the industry are Bunge Limited, Perdue Farms Inc., Vantage Specialty Chemicals, Acme Soap Works, and Godrej Industries Limited, among others.
Analyst Review
The global erucic acid market is being driven by the rising oilseeds production and the growing high erucic acid rapeseed market. The high erucic acid rapeseed market is expected to witness a moderate growth in the forecast period of 2022-2027, growing at a CAGR of 3.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By source, the market is divided into rapeseed oil, canola, tame mustard, and fish, among others. Based on grade, the industry is segmented into low and high. On the basis of application, the market is categorised into plastic, printing inks, personal care, rubber, and pharmaceuticals, among others. The major regional markets for erucic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bunge Limited, Perdue Farms Inc., Vantage Specialty Chemicals, Acme Soap Works, and Godrej Industries Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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