The global demand for Polymer Grade Azelaic Acid Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Polymer grade azelaic acid is a dibasic acid used to extend the valid temperature range of plasticized PVC products by providing increased flexibility at lower temperatures. Azelaic acid esters form an integral component of renewable and degradable plastics and are derived from replenishable oleochemicals. Azelaic acid is used to manufacture PVC plasticizers from a plant source and not a fossil fuel. In recent times, Azelaic acid is also used in synthetic lubricants and corrosion inhibitors. It is specifically used as a thickening agent in lithium complex greases. Azelaic acid is of commercial interest as a synthetic lubricant base stock; to manufacture high-performance copolyesters for use in industrial adhesives (more particularly laminating adhesives for food and pharmaceutical packaging), films and fibers, and polymeric plasticizers.
Market Dynamics
The rising need to improve the performance characteristics of high molecular weight polymers by boosting their low-temperature properties with no sacrifice in high-temperature performance is the critical driver for the growth of the market. There is a growing demand for this acid in the manufacture of nylon, polyester, and urethane polymers. It provides better control over processing and end product characteristics at a lower cost. Azelaic acid-base stocks, extensively adopted for compounded lubricants and greases used in military, commercial aircraft engines, and space vehicle instruments, will provide lucrative market growth opportunities. The rapid growth in this acid's miscellaneous applications as it is safe for the environment will be a market booster. The fluctuating price of raw materials will have a significant impact on market growth.
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 an inclusive assessment of each segment in the global market of polymer grade azelaic acid. The growth and trends of Polymer Grade Azelaic Acid Industry provide a holistic approach to this study.
Market Segmentation
This section of the polymer grade azelaic acid market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Application
- Plastics
- Lubricants
- Electronics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Polymer Grade Azelaic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Polymer Grade Azelaic Acid Market Share by Region (Representative Graph)
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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 polymer grade azelaic acid market include Emery Oleochemicals, Matrica SpA, BASF, Croda Sipo, Ninghai Zhonglong, Jiangsu Senxuan, Nantong Hengxing Electronic Materials, Shandong Clearwill, and Hubei Tuochu. This section consists of 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.
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