Global Undecylenic Acid Market is valued at approximately USD 2,932.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period 2022-2029. Undecylenic Acid is a colorless oil, and it belongs to the group of medicines called antifungals. It is used to treat skin infections caused by fungus and is also used in various industries such as the personal care industry, pharmaceutical industry and cosmetics industry. The increasing demand in the pharmaceutical industry is a key factor in accelerating the market growth over the forecast period 2022-2029.

The Increasing demand for Undecylenic Acid in the global pharmaceutical industry is the primary factor in the market’s growth. According to Statista– In 2020, the worldwide market revenue for pharmaceutical research and development is USD 21.09 billion and is projected to reach USD 254 billion by 2026. Also, the growing consumer awareness about health benefits and increasing disposable income create a lucrative growth prospectus for the market over the forecast period. Moreover, rising demand for personal care products and an increase in funding for research and development to improve product lines are anticipated growth opportunities in the market. For instance, according to Statista– In 2020, the worldwide revenue of the personal care market is USD 21.59 thousand and is projected to reach USD 125.41 thousand by 2027. However, the availability of substitute products is limiting the growth of the Undecylenic Acid Market.

The key regions considered for the Global Undecylenic Acid Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market in terms of market share due to the rapid urbanization, rising production, and growing demand for undecylenic acid and the availability of vegetable-derived castor oil in the region. North America is expected to grow with the highest CAGR during the forecast period, Factors such as increased capacities of leading companies and high demand for undecylenic acid.

Major market player included in this report are:
ITOH Oil Chemicals Co. Ltd.
Jayant Agro Organics Limited
RPK Agrotechc Exports private Limited
Xingtai Lantian Fine Chemical Co. Ltd
Arkema S.A.
TCI Chemicals (India) Pvt. Ltd.
Hokoku Marine Co Ltd.
PVS Chemicals Solutions, Inc
Nikunj Chemical Limited
Acme Synthetic Chemicals

Recent Developments in the Market:
In Dec 2021, Arkema announced a 50% global capacity increase for its Oleris? advanced bio-material. It contains elements from the C7, C11, and C18 groups such as n-heptanoic acid, n-heptaldehyde, undecylenic acid, and Esterol A. This expanded manufacturing capacity will be part of Arkema’s previously announced massive bio-factory which is now under development on Singapore’s Jurong Island.

Global Undecylenic Acid Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Form, Application, sale channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Natural
Synthetic
Others

By Form:
Liquid
Solution
Cream
Powder
Spray
Ointment

By Application:
Cosmetic Biocide
Fragrance Ingredient
Antifungal Agent
Preservative and Surfactant
Others

By Sales Channel:
Direct Sales
Modern Trade Channels
Third-Party Online Channels
Online Website
Drug Stores
Other Sales Channel

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World