Erucic Acid Market Trends

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