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.
