What is Undecylenic Acid Market Scope?
Undecylenic acid, also known as 10- undecanoic acid, which comes in the category of unsaturated fatty acid and helps in preventing the growth of fungus. It is prepared by pyrolysis of ricinoleic acid, which is derived from castor oil and is majorly found in medicines which are used to treat skin fungal infections such as athlete's foot and jock itch. Undecylenic Acid is also found in personal hygiene products, cosmetics, and perfumes. Increasing demand antifungal drugs market and cosmetics & personal care industries are driving the market for Undecylenic acid.
The Undecylenic Acid market study is being classified by Type (Natural, Synthesis and Others), by Application (Lubricants, Biodiesel and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Japan and India will contribute to the maximum growth of Global Undecylenic Acid market throughout the predicted period.
ITOH Oil Chemicals Co. Ltd. (Japan), Jayant Agro-Organics (India), Hokoku Corporation (Japan), RPK Agrotech (India) and XingtaiLantian Fine Chemical Co. Ltd (China) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Undecylenic Acid market by Type, Application and Region.
On the basis of geography, the market of Undecylenic 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 Market Trend
- Acceptance of Undecylenic Acid in Flavors and Fragrances Sector
- Investments in R&D for the Development of New Products
Market Drivers
- Growing Consumer Awareness and Health Consciousness
- Increasing Disposable Income Coupled With Increase in the Rich Middle-Class Population
Opportunities
- Growing Demand for Natural and Renewable Sources Across The Globe
- Rising Demand for Personal Care Products in Both Developed And Developing Countries
Restraints
- Availability of Castor Oil Substitutes in Market
Challenges
- Issue Related To Market Volatility and Environmental Concerns
Key Target Audience
Undecylenic Acid Manufactures, Undecylenic Acid Distributors, Undecylenic Acid Traders and Exporters, End- Users and Others
Customization available in this Study:
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