Erucic Acid Market Size & Share, by Grade (Erucic Acid 43 -50%, Erucic Acid Less than 50%); Application (Slip Agent, Emollient, Hair Care and Textile Softening, Pour Point Depressant, Lubricant, Food Emulsifier); Source (Rapeseed Oil, Canola, Tame Mustard, Fish); End Use (Plastic, Printing Ink, Food, Personal Care, Rubber, Pharmaceutical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5683
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Erucic Acid Market size is anticipated to cross USD 990 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of erucic acid was over USD 102 Billion. The advancing drift of fabricating chemical substances from green feedstock is fueling the erucic corrosive showcase altogether. Expanding requests for erucic corrosive within the metalworking and plastic-added substances industry is additionally creating plentiful openings for producers working within the erucic corrosive advertise. High Erucic Acid Rapeseed Oil is broadly utilized by various businesses and contains almost 43% erucic corrosive. Worldwide utilization of erucic corrosive for mechanical applications stood at more than 1.2 Mn tons. 

The expanded request for erucic acid has been driven by the rising directions on the utilization of naturally inviting added substances for lubricants, polymers, the metalworking segment, and others. Hence, the developing endeavors by worldwide producers, combined with strict controls, are anticipated to drive erucic acid requests over the estimated period. The worldwide advertising for erucic acid has seen an increment within the request from the manufacturers of chemicals utilized within the plastic and polymer movies businesses as major added substances.


Erucic Acid Market
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Erucic Acid Market: Growth Drivers and Challenges

Growth Drivers

  • High Demand in the Production of PVC - The generation of polyvinyl chloride and other polymers is progressively utilizing erucic corrosive as a plasticizer. Polymers can be made more adaptable, strong, and workable by including a chemical known as a plasticizer. Erucic acid's huge atomic weight and long carbon chain make it a great plasticizer for PVC and other polymers. Erucic corrosive encompasses several benefits over other plasticizers when utilized as a plasticizer. Erucic corrosive, for occurrence, has low instability, showing that it can remain within the polymer for longer periods and does not vanish rapidly. As a result, the plastic is more flexible and requires less substitutions in general.
  •  High Demand in Numerous Industries - Demand for erucic acid within the nourishment and pharmaceutical industry has witnessed stagnant development in the past, however, the request is likely to improve, especially within the nourishment and pharmaceutical industry in the long time to come. A wide run of applications in plastic, individual care, and greases are likely to boost the demand for erucic acid in Asian nations. Certain downsides of erucic corrosive in terms of its end-use applications have been made a concern among consumer groups. For occasion, a high concentration of erucic acid in vegetable oils leads to serious heart-related issues such as the statement of triglyceride. 

Challenges

  • Fluctuation in Raw Material Prices - Recent cost decline due to weak demand creates uncertainty for manufacturers and impacts profitability. Volatile raw material prices such as rapeseed oil can further affect pricing stability.
  • Lack of Awareness is Expected to Hamper the Market Growth in the Forecast Period
  • Sustainability Concerns Are Expected to Pose Limitations on Erucic Acid Market Growth in the Upcoming Period

Erucic Acid Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~5%

Base Year Market Size (2023)

~USD 102 Billion

Forecast Year Market Size (2036)

~USD 990 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Erucic Acid Segmentation

End Use (Plastic, Printing Ink, Food, Personal Care, Rubber, Pharmaceutical)

In terms of end users, the plastic segment in the erucic acid market is anticipated to hold the largest revenue share of 35% by the end of 2036. Erucic acid may be a long-chain greasy acid with a tall atomic weight which makes it an alluring plasticizer since it can improve the mechanical properties of plastics. Erucic acid could be a less hurtful elective to other plasticizers since it is both biodegradable and moderately non-toxic. Increasing demand for plastics is predicted to drive the growth of this segment in the forecast period. The plastic demand is set to proceed to develop for the predictable future, with generation set to reach 589 million metric tons in 2050. 

Source (Rapeseed Oil, Canola, Tame Mustard, Fish)

Based on the source, the rapeseed oil segment in the erucic acid market is set to hold the largest revenue share during the projected period. Rapeseed oil, a commonly developed oilseed trim, is the most common source of erucic acid. There are several reasons why the hone of getting erucic acid from rapeseed oil is likely to proceed. To begin with, erucic acid may be found in rapeseed oil, which is reasonable and broadly open. Moment, utilizing rapeseed oil as a source of erucic acid fits with the developing need for organic and sustainable goods. Rapeseed oil may be a renewable asset that will be developed utilizing ecologically inviting cultivating strategies. Besides, it contains a little carbon impression than a few other oilseed crops, such as palm oil. 

Our in-depth analysis of the global erucic acid market includes the following segments:

          Grade

  • Erucic Acid 43 -50%
  •  Erucic Acid Less than 50%

          Application

  • Slip Agent
  • Emollient
  • Hair Care and Textile Softening
  • Pour Point Depressant
  •  Lubricant
  • Food Emulsifier

          Source

  • Rapeseed Oil
  • Canola
  • Tame Mustard
  • Fish

          End Use

  • Plastic
  • Printing Ink
  • Food
  • Personal Care
  • Rubber
  • Pharmaceutical

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Erucic Acid Industry - Regional Synopsis

European Market Forecasts

The Europe erucic acid market is predicted to hold 33% of the revenue share during the forecast period. In later a long time, several reasons have contributed to a relentless increment in erucic acid requests in Europe. Erucic acid's growing utilization as a common and economical fixing in an assortment of businesses, including the nourishment, individual care, and oil businesses, is one of the key variables contributing to the increment in requests. Erucic acid is utilized within the nourishment industry to form margarine, shortening, and other preparing items since it improves the texture and toughness of these things. Erucic acid request within the nourishment industry is expected to extend assistance due to the rising shopper's want for normal and more beneficial fixings. Compared to 2019, the number of natural nourishment makers within the European Union expanded by 1.6% to 349,499 giving rise to requests for normal nourishment. 

North America Market Statistics

The erucic acid market in the North American is expected to grow significantly by the end of 2036. The locale holds a vital share in terms of the generation of Erucic corrosive as a major generation of rapeseed, and canola among others is being developed over these districts. The exacting directions and move of producers to utilize eco-friendly added substances has created critical footing within the erucic corrosive.

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Erucic Acid Market Size
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Companies Dominating the Erucic Acid Market

top-features-companies
    • Bunge Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Perdue Farms Inc.
    • Vantage Specialty Chemicals
    • Acme Soap Works
    • Godrej Industries Limited
    • Wilmar International Limited
    • Vantage Performance Materials
    • Evonik Industries
    • Cargil Inc.

In-the-news

In The News

  • Since the usual exposure to erucic acid, a naturally occurring contaminant found in vegetable oil, is less than half of the recommended amount, most customers are not concerned about their safety. However, children up to ten years old who eat large amounts of foods containing this ingredient may be at risk for long-term health problems. Moreover, EFSA discovered that hens may be at risk for health problems due to erucic acid levels in animal feed. Monounsaturated omega-9 fatty acids, such as erucic acid, are found in the oil-rich seeds of plants of the Brassicaceae family, especially mustard and rapeseed. It mostly gets into the food chain in some countries when rapeseed oil is utilized for household cooking and industrial food processing.
  • 2020 saw Cargill purchase Croda International's erucic acid division. In the worldwide erucic acid market, these mergers and acquisitions have contributed to the emergence of several stronger companies. It is anticipated that this will result in more market innovation and competition, which will probably help consumers.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5683
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in numerous sectors and the high demand in the production of PVC are some of the major factors anticipated to drive the growth of the erucic acid market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are Acme Soap Works, Godrej Industries Limited, Wilmar International Limited, Naturescrops International, Vantage Performance Materials, and others.

The plastic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Europe is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Erucic Acid Market Report Scope
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