The study covers a detailed analysis segmented by key business segments i.e. by type (High Purity Erucamide and General Erucamide) , by application (Plastics Industry, Ink and Paint Industry, Rubber Industry, Other Industry and Food Packaging) and major geographies. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Erucamide market throughout the predicted period.
What is Erucamide?
Erucamide is long chain carboxylic acid amide, which made from Erucic acid as well as non-animal sources. It is known to be thermally extra stable than oleamide. Additionally it is produced from rapeseed oil which is further applicable in the making of erucamide. It is usually derived by reaction of purified erucic acid with ammonia at higher temperature and pressure. There are two type of erucamide such as High purity erucamide and general erucamide. Erucamide is applicable in different industries such as plastics industry, ink and paint industry, rubber industry and other.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Erucamide market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- BASF SE (Germany)
- Croda International Plc. (China)
- Nippon Fine Chemical Co., Ltd. (Japan)
- PMC Group, Inc. (United States)
- Haihang Industry Co., Ltd. (China)
- Angene International Limited (Hong Cong)
- ICC Chemical Corporation (United States)
- Nanjing Xinxu Industry Co., Ltd. (China)
- PCC Chemax (United States)
- Tokyo Chemical Industry Co., Ltd. (Japan)
Market Overview:
On January 2nd, 2019, the speciality chemical company that creates high technology and performance ingredients "Croda International Plc" has acquired Brenntag Biosector (Biosector), for a total consideration of €72 million in cash to strengthen its pharmaceutical offering. The acquired company has extraordinary industry experience as a vaccine adjuvant specialist, with their product portfolio comprising of innovative saponin and aluminium based adjuvants.
The Asia Pacific region will show significant growth for the erucamide market in the past couple of years. Moreover, growth food packaging industry is directly proportional to growth of erucamide market. Thus, with robust adoption in number of applications the demand for erucamide will be increased drastically which will lead to attract number of manufacturers towards that certain chemical leading to escalate the overall competitive rivalry in the global market. Some of the dominant players from erucamide market are BASF SE, Croda International Plc., and Nippon Fine Chemical Co., Ltd., PMC Group, Inc. and many others. They will try and opt product developments to gain competitive edge. In addition to this, the threat of new entrants will be moderate leading to generate rate competition in the existing market.
Market Trend
High Adoption in Food Packaging Industry and Growing Demand in Printing and Dying Industry
Restraints
- Straighten Regulation Due To Health Issues
Opportunities
Rising Opportunities from Increasing Applications of Erucamide in Untapped Markets
Key highlights of the Global Erucamide market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Erucamide market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Erucamide market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Erucamide Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Erucamide market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Erucamide market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Erucamide Manufactures, Erucamide Suppliers/Distributors, Industry Associations and Experts Related to Erucamide, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.