The global demand for Azelaic Acid Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 – 2026.
Azelaic acid is a naturally found acid with anti-inflammatory and antimicrobial properties. This acid is commonly used in the treatment of skin conditions like acne and rosacea. It possesses keratolytic, comedolytic, and antioxidant activity and is also used in hair care products. It prevents skin blemishes and future outbreaks, helps fade post-acne marks and discolorations, and cleans the acne-causing bacteria from the pores leaving an even skin tone. This acid is extracted from wheat, rye, and barley and is available as gel, foam, and cream. It acts as a precursor to many industrial products like lubricants, plasticizers, lacquers, alkyd resins, adhesives, polyamides, urethane elastomers, and organic syntheses. Azelaic acid works slowly and is mild on the skin, but it is a very effective treatment for inflammatory skin.
The therapeutic properties exhibited by azelaic acid will be a significant propellant to the growth of its demand in the cosmetic industry. Growing disposable income, changing lifestyles, and high living standards will create opportunities for new personal care products based on azelaic acid. The use of azelaic as a synthetic lubricant base stock and polymeric plasticizer will expand this market's growth in commercial applications across various industrial sectors like plastics, petrochemical, electronics, pharmaceuticals, and others. The multiple barriers to this market's growth are fluctuating raw materials prices and the side effects on the skin due to continued use.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of azelaic acid.
The entire Azelaic Acid market has been sub-categorized into product
, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Polymer Grade
- Technical Grade
- Pharmaceutical Grade
- Pharmaceuticals & Cosmetics
This section covers regional segmentation which accentuates on current and future demand for azelaic acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Azelaic Acid Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the azelaic acid market include Emery Oleochemicals, Matrica, BASF, Croda Sipo, Nantong Hengxing Electronic Materials, Jiangsu Senxuan, Ninghai Zhonglong, Hubei Tuochu. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.