Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Undecylenic Acid Market size was valued at USD 3.31 billion in 2024 and is set to exceed USD 5.87 billion by 2037, registering over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of undecylenic acid is evaluated at USD 3.44 billion.
The reason behind the growth is impelled by the growing chemical industry across the globe. The largest industrial energy consumption is the chemical industry which is expected to continue expanding owing to both robust demand and rising exports. Particularly, between 2020 and 2025, there will likely be over 8% global increase in the demand for chemicals. For instance, the global chemical industry generated over USD 5 trillion in revenue in 2022.
The growing demand for synthetic lubricants is believed to fuel the undecylenic acid market growth. Fatty acids such as undecylenic acid can be produced artificially or isolated from natural sources and can be utilized as an ingredient in synthetic lubricants to raise their viscosity index.
Undecylenic Acid Market: Growth Drivers and Challenges
Growth Drivers
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Rising Production of Nylon 11 - The primary application of undecylenic acid is in the commercial manufacturing of Nylon-11, which finds use in both engineering plastic and fiber applications such as making textiles, electrical wire sheathing, pipelines, and other materials owing to its great strength, flexibility, and stability under harsh conditions.
- Growing Burden of Skin Fungal Infections- The class of drugs known as antifungals includes undecylenic acid which functions by stopping the growth of fungi and is applied to some categories of fungal infections such as ringworm, jock itch, or athlete's foot. For instance, over 65% of people will at some point in their lives get tinea pedis, which is a widespread ailment worldwide.
- Increasing Demand for Food Preservatives- Undecylenic acid is a monounsaturated fatty acid derived from castor oil which is utilized in the food sector as a preservative to increase the shelf life of food items.
Challenges
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Adverse Effects of Undecylenic Acid - Overdosing via topical use of undecylenic acid and its derivatives may hurt the central nervous system (CNS), gastrointestinal disruption, headache, vertigo, excitation, sleepiness, and can result in weight loss and anorexia, or loss of appetite. In expectant mothers the application of undecylenic acid and its derivatives causes the medication to be excreted in breast milk. A drug may have certain side effects in addition to its intended effects since it may manifest as very severe blistering, peeling, itching, dryness, or redness on the area being treated.
- Availability of alternative products can impact the undecylenic acid market growth
- Variations in raw material prices owing to supply chain disruptions, and other factors can affect the production cost
Undecylenic Acid Market: Key Insights
| Report Attribute | Details |
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.5% |
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Base Year Market Size (2024) |
USD 3.31 billion |
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Forecast Year Market Size (2037) |
USD 5.87 billion |
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Regional Scope |
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Undecylenic Acid Segmentation
Application (Cosmetic Biocide, Fragrance Ingredient, Antifungal Agent, Preservative and Surfactant)
The fragrance ingredient segment in the undecylenic acid market is estimated to gain a robust revenue share of 40% in the coming years owing to the growing demand for perfumes and mists. The fragrance and perfume market is expected to increase significantly owing to the growing demand for high-end fragrances and perfumes among consumers as a result of rising disposable income, leading to the rise of both online and offline distribution channels. Moreover, there is a growing global market for scents and perfumes owing to shifting consumer preferences and interests, the expanding popularity of personal grooming, the rising desire for expensive and exotic perfumes, growing consumer demand motivated by concerns about health and the environment, for fragrances manufactured with natural and organic ingredients.
Undecylenic acid is utilized as a synthetic intermediate to create aromatic compounds, and owing to its bacteriostatic qualities, it is used in cosmetics as salt. Undecylenic acid is a flavoring ingredient that is reduced to undecylenate aldehyde, which is valuable in perfumery. Moreover, another name for undecylenic acid is 10-undecenoic acid which demonstrates antibacterial activity against a variety of pathogenic fungi and also functions as a musk in fragrances.
In addition, undecylenic acid is an organic compound with the chemical formula C4H20O2 which is utilized as a surfactant, emulsifying agent, antiseborrheic agent, masking agent, and cleaning agent, and is applied topically as a zinc salt in a variety of creams to treat ringworm, dermatitis, fungal infections, and other cutaneous ailments.
Form (Liquid, Solution, Cream, Powder, Spray and Ointment)
The liquid segment in the undecylenic acid market is set to garner a notable share shortly. An antifungal drug made of unsaturated fatty acids, undecylenic acid comes in liquid, powder, and ointment form out of which liquids have a fixed volume, they can change shape over time owing to their low viscosity. In addition, over-the-counter (OTC) medications containing derivatives of undecylenic acid are accessible without a prescription and are used to treat superficial cutaneous fungal infections.
Our in-depth analysis of the global undecylenic acid market includes the following segments:
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Undecylenic Acid Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is poised to account for largest revenue share of 58% by 2037, impelled by growing production of castor oil in the region.Lately, India, the world's largest producer of castor seeds, leads the globe in both castor oil output and export. Roughly 82% of global manufacturing is produced annually in India. For instance, more than 85% of the world's castor oil exports come from India. Castor oil is obtained from the fruit seed of castor (Ricinus communis L.) a large shrub that grows mainly in India, Brazil, and China which makes the nation amongst the most reliable manufacturers, exporters, and suppliers of Castor oil and its products.
North American Market Statistics
The North America undecylenic acid market is estimated to the second largest revenue share, during the forecast period led by the rising personal disposable income. This is driving the demand for cosmetics, makeup, and skincare products in the region. According to estimates, the United States' disposable personal income rose by 0.2% in December 2023 compared to the same month the previous year.
Companies Dominating the Undecylenic Acid Market
- RPK Agrotechc Exports Private Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ITOH Oil Chemicals Co. Ltd.
- Jayant Agro Organics Limited
- Hokoku Marine Co Ltd.
- PVS Chemicals Solutions, Inc
- BASF SE
- Casterra Ag Ltd.
- Akzo Nobel N.V.
- Xingtai Lantian Fine Chemical Co. Ltd
- Arkema S.A.
- Biosynthetic® Technologies, LLC
- TCI Chemicals (India) Pvt. Ltd.
- Nikunj Chemical Limited
Recent Developments
- Casterra Ag Ltd. revealed an extra USD 2 million in purchase contracts for the delivery of castor seeds to yield oil for sustainable biofuel that provides a renewable and biodegradable option with a significantly reduced environmental impact, offering several advantages over traditional petrochemical fuels.
- Biosynthetic Technologies, LLC acquired Innoleo, LLC, to expand its portfolio of Estolide technology and include a full range of castor and other oleo derivatives to produce formulations of Environmentally Acceptable Lubricants (EAL).
- Report ID: 5816
- Published Date: Jan 03, 2025
- Report Format: PDF, PPT
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