Global Undecylenic Acid Market 2018-2022
About Undecylenic Acid
Undecylenic acid, also known as 10- undecanoic acid, is produced by the pyrolysis of ricinoleic acid which si derived from castor oil. The pyrolysis of cator oil at 700 degree Celsius and at low pressure produces undecylenic acid and hyptaldehyde as by- products.
Technavio’s analysts forecast the global undecylenic acid market to grow at a CAGR of 4.52% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global undecylenic acid market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of undecylenic acid in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Undecylenic Acid Market 2018-2022
Technavio recognizes the following companies as the key players in the global undecylenic acid market: Arkema, HOKOKU, Merck, Vigon International, Kalpsutra Chemicals, SHREEJI PHARMA INTERNATIONAL.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the use of undecylenic acids as feedstocks for the synthetics is polyurethanes and polyols. Undecylenic acids are of vegetable oil origin and are used as renewable feedstock in the synthesis of polyurethanes and polyols.
According to the report, one of the major drivers for this market is the growth of the antifungal drugs market. The use of undecylenic acid in antifungal drugs is a major application, as this acid can prevent growth of fungus and can be used to treat fungal skin infections.
Further, the report states that one of the major factors hindering the growth of this market is the climatic conditions causing volatility in castor seeds prices. Fluctuation in raw material prices due to unfavorable climatic condition can considerably hamper the market growth during our forecast period.
SHREEJI PHARMA INTERNATIONAL
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