Azelaic Acid Market Scope
Azelaic acid is also known as Heptanedicarboxylic acid or Lepargylic acid is a naturally occurring acid found in grains such as barley, wheat, and rye. This acid comes in a gel, lotion, and cream form. This acid is often used in skin care and acne treatments as a gentle exfoliant and surface cleanser. Furthermore, it also acts as a thickener in lithium complex greases and an intermediate in polymer or plasticizer production. The growing demand for azelaic acid is expected to increase the market growth in upcoming years.
According to AMA, the Global Azelaic Acid market is expected to see growth rate of 8.16%In Azelaic Acid Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that Asia Pacific Vendors will contribute to the maximum growth of Global Azelaic Acid market throughout the predicted period.
BASF SE (Germany), Croda Sipo (Sichuan) Co., Ltd. (China), Ninghai Zhonglong Chemical CO., Ltd (China), Jiangsu Senxuan Pharmaceutical Co., Ltd. (China), Nantong Hengxing Electronic Materials (China), Shandong Cleanwill Chemical Co., Ltd. (China), Hubei TuoChu Kangyuan PHARMACEUTICAL CO., LTD (China), Emery Oleochemicals Sdn Bhd (Malaysia), Matrica SpA (Italy) and Alfa Aesar GmbH & Co Kg (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Azelaic Acid market , by Application (Plastics, Lubricants, Electronics, Pharmaceuticals and Cosmetics and Others) and Region with country level break-up.
On the basis of geography, the market of Azelaic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Trend to Use of Azelaic Acid by End-User Industries
Market Growth Drivers:
Increasing Use of Azelaic Acid for Skin Treatment: {Azelaic acid is used for skin conditions, such as hyperpigmentation, rosacea, and skin lightening. It is also being used by people to treat acne scarring in addition to active outbreaks. This acid boosts cell turnover to reduce severe scars}
Challenges:
Lack of Awareness About Azelaic Acid
Restraints:
Azelaic Acid May Cause Side Effects
Opportunities:
Growing Use of Azelaic Acid to Treat Rosacea and Lentigo Maligna Diseases and Azelaic Acid in Anti-aging Products
Analyst View
The Chinese manufacturers will contribute to the maximum growth of global azelaic acid market throughout the predicted period
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Azelaic Acid Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors of Azelaic Acid, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.