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Global Erucic Acid Market Size, Share, Trends, Forecast: 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; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

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 2024-2032.

Erucic Acid Market

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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.

Erucic Acid Market by Application

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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.

Erucic Acid Market by Region

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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.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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 United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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   Opportunities and Challenges in the Market
8   Global Erucic Acid Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Erucic Acid Historical Market (2018-2023)
    8.3    Global Erucic Acid Market Forecast (2024-2032)
    8.4    Global Erucic Acid Market by Source
        8.4.1    Rapeseed Oil
            8.4.1.1 Historical Trend (2018-2023)
            8.4.1.2 Forecast Trend (2024-2032)
        8.4.2    Canola
            8.4.2.1 Historical Trend (2018-2023)
            8.4.2.2 Forecast Trend (2024-2032)
        8.4.3    Tame Mustard
            8.4.3.1 Historical Trend (2018-2023)
            8.4.3.2 Forecast Trend (2024-2032)
        8.4.4    Fish
            8.4.4.1 Historical Trend (2018-2023)
            8.4.4.2 Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Erucic Acid Market by Grade
        8.5.1    Low
            8.5.1.1 Historical Trend (2018-2023)
            8.5.1.2 Forecast Trend (2024-2032)
        8.5.2    High
            8.5.2.1 Historical Trend (2018-2023)
            8.5.2.2 Forecast Trend (2024-2032)
    8.6    Global Erucic Acid Market by Application
        8.6.1    Plastic
            8.6.1.1 Historical Trend (2018-2023)
            8.6.1.2 Forecast Trend (2024-2032)
        8.6.2    Printing Ink
            8.6.2.1 Historical Trend (2018-2023)
            8.6.2.2 Forecast Trend (2024-2032)
        8.6.3    Personal Care
            8.6.3.1 Historical Trend (2018-2023)
            8.6.3.2 Forecast Trend (2024-2032)
        8.6.4    Rubber
            8.6.4.1 Historical Trend (2018-2023)
            8.6.4.2 Forecast Trend (2024-2032)
        8.6.5    Pharmaceuticals
            8.6.5.1 Historical Trend (2018-2023)
            8.6.5.2 Forecast Trend (2024-2032)
        8.6.6    Others
    8.7 Global Erucic Acid Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Erucic Acid Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Erucic Acid Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Erucic Acid Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Erucic Acid Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Erucic Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Bunge Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Perdue Farms Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Vantage Specialty Chemicals
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Acme Soap Works
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Godrej Industries Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market

List of Key Figures and Tables

1.    Global Erucic Acid Market: Key Industry Highlights, 2018 and 2032
2.    Global Erucic Acid Historical Market: Breakup by Source (USD Million), 2018-2023
3.    Global Erucic Acid Market Forecast: Breakup by Source (USD Million), 2024-2032
4.    Global Erucic Acid Historical Market: Breakup by Grade (USD Million), 2018-2023
5.    Global Erucic Acid Market Forecast: Breakup by Grade (USD Million), 2024-2032
6.    Global Erucic Acid Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Erucic Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Erucic Acid Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Erucic Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Erucic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Erucic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Erucic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Erucic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Erucic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Erucic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Erucic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Erucic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Erucic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Erucic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    North America Historical Price Trends and Forecast 2018-2032
21.    Europe Historical Price Trends and Forecast 2018-2032
22.    Asia Pacific Historical Price Trends and Forecast 2018-2032
23.    Latin America Historical Price Trends and Forecast 2018-2032
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
25.    Global Erucic Acid Market Structure

Key Questions Answered in the Report

What is the growth rate of the global erucic acid market?

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 2024 and 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global erucic acid market?

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.

What are the major regional markets of erucic acid, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading sources of erucic acid in the market?

The leading sources of erucic acid in the market are rapeseed oil, canola, tame mustard, and fish, among others.

What are the major grades of erucic acid in the industry?

The major grades of erucic acid in the industry are low and high.

What are the significant application segments in the market?

The significant application segments in the market are plastic, printing inks, personal care, rubber, and pharmaceuticals, among others.

Who are the key industry players, according to the report?

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 2024-2032, 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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