“Global Erucamide Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global erucamide market report has been segmented on the basis of application and region.
Global Erucamide Market: Overview
Erucamide is used as an alternative to oleamide due to its higher melting point and higher heat resistance. Erucamide is manufactured by reacting purified erucic acid at elevated temperatures and pressure with ammonia. The fatty acid mixture obtained either from crambe or rapeseed is purified to contain a high percentage of erucic acid. Erucamide is a higher fatty acid amide. It has no smell and is insoluble in water, have some solubility in ketones, esters, alcohols, ether, benzene, and other organic flux.
Global Erucamide Market: Dynamics
Rapid industrialization in developed and developing countries and flourishing food & beverage sector, coupled with increasing demand for erucamide from food and packaging industry are some major factors expected to drive growth of the global market. In addition, increasing adoption of erucamide, especially as surfactants in various end use verticals is another factor expected to further support growth of the global market to certain extent.
Moreover, rising adoption of erucamide product in printing and dying industry as dispersants is another factor expected to further support growth of the target market to certain extent.
However, stringent government regulations related to product approval is a major factor expected to hamper growth of the global market. In addition, toxic effects of erucamide on health is resulting in limiting the adoption of related products which is another factor expected to challenge growth of the target market to certain extent.
Technological advancements and increasing R&D activates by major players are expected to create new opportunities in terms of revenue for players operating in the global market over the forecast period. In addition, increasing expansion activities by major players through strategic agreements and partnership is another factor expected to further support growth of the target market to certain extent.
Global Erucamide Market: Segment Analysis
Among the application segments, the food and packaging segment is expected to dominate in the target market over the forecast period, owing to rising adoption of erucamide by food manufacturers for food packing.
Global Erucamide Market: Region Analysis
The market in Asia Pacific is expected to witness faster growth, owing to flourishing textile industry, coupled with increasing adoption of erucamide from textile industry and presence of major players operating in the emerging economies such as India and China in this region.
The markets in North America and Europe are expected to contribute significant revenue shares in the global market. This can be attributed to high presence of major food manufacturers, coupled with increasing demand for food packaging applications and presence of major manufacturers operating in countries in this region. In addition, increasing merger and acquisition activities between regional and international players is another factor expected to further boost growth of the target market in this region to certain extent.
The market in Latin America is expected to witness moderate growth, owing to increasing presence of major manufacturers operating in developing counties in this region.
Global Erucamide Market Segmentation
Segmentation by application:
- Food Packaging
- Paper and Textile Industry
- Printing and Dying
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- PMC Group
- Nanjing Xinxu Industry Co., Ltd.
- ICC Chemical Corporation
- Angene International Limited
- Haihang Industry Co., Ltd.
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