Brassylic Acid Market by Form (Flakes, Powder, and Diluted), Application (Polymers, Adhesives, Lubricants, Fragrance, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2030

Brassylic Acid Market Analysis

The brassylic acid market is estimated to be valued at $90.4 million by 2030, surging from $61.3 million in 2021, at a noteworthy CAGR of 4.2%  

Source: Research Dive Analysis

Market Synopsis

Rising application of brassylic acid in various fields like fragrance and nylon manufacturing industries is expected to drive the brassylic acid market revenue growth in the forecast time period. Brassylic acid is derived from ozonolysis of erucic acid and contains dicarboxylic functional group. Due to this, brassylic acid has many important characteristics such as high solubility in water, provides strength, and resistance to the products. Therefore, brassylic acid is largely used for the manufacturing of fragrance, nylon, polymers, adhesives, and lubricants.

However, high prices of the brassylic acid is likely to hinder the market growth. Also, in some cases, brassylic acid, in fragrance, may cause some irritation and itchiness on skin of people. These factors are projected to decline the market growth in the future.

According to the regional analysis of the market, the Asia-Pacific brassylic acid market is anticipated to grow at a CAGR of 5.1%, by generating a revenue of $17.9 million during the review period. The brassylic acid market in Asia-Pacific region is expected to increase in the forecast time period owing to rapid industrialization in the region and growing demand for brassylic acid as a raw material in industries like chemical industry.

Brassylic Acid Overview

Brassylic acid is a dicarboxylic acid with 13 carbon atoms, occurring in plant and animal tissues. Brassylic acid exhibits carboxyl group, which is useful in variety of applications such as fragrances, adhesives, plastics, and lubricants. Brassylic acid is highly soluble in water and is used for manufacturing plasticizer for polymers, lubricants, and perfumeries.

Impact Analysis of COVID-19 on the Brassylic Acid Market

Brassylic acid market experienced a negative market share growth in the COVID-19 pandemic period. Amid rising cases of corona virus and prevalence of deadly symptoms among patients such as respiratory diseases, the rate of death also increased. Due to such high infection cases and growing complication in patients, the government had declared complete lockdown and banned public gathering at any place. Thus, many industries like cosmetic, fragrance & perfume, automobile, and chemical industries were completely stopped due to which the demand for brassylic acid decreased tremendously. As brassylic acid is majorly used in fragrance industries and polymer industries, the supply and demand for brassylic acid were highly hampered. Such factors are likely to impede brassylic acid market growth in the pandemic time period.

Growing Application of Brassylic Acid likely to Drive the Market Growth

Shifting preferences from use of polycyclic acid towards use of brassylic acid for synthesis of perfumes is a key factor expected to provide lucrative opportunities for brassylic acid market during the forecast period. For instance, according to press release of the “International Fragrance Association,” 2019, sales generated by fragrance industry collectively in regions like Europe, MEA, and Latin America were valued at US$ 8.03 billion in 2017. Therefore, growing perfume and fragrance industry globally is expected to proper demand for brassylic acid during the forecast period.

To know more about brassylic acid market drivers, get in touch with our analysts here.

High cost of Brassylic Acid to Restrain the Market

High cost of brassylic acid is likely to impede the brassylic acid market share growth in the next few years. Brassylic acid is very expensive because it is extracted from erucic acid through the process of ozonolysis and the process is time consuming & expensive. Such factors are likely to lead to a negative growth in the coming years.

Rapid Expansion of Automobile and Other Industries are Likely to Flourish Market Growth

Brassylic acid is widely used in the manufacturing of adhesives and lubricants. These adhesives and lubricants are majorly applied on machine joints for its smooth functioning. Thus, as the industries like petroleum and oil & gas industries increase in number, the number of machines also increases. This factor has accelerated the demand for brassylic acid and projected to accelerate the brassylic acid market growth in the coming years.

To know more about brassylic acid market opportunities, get in touch with our analysts here.

Brassylic Acid Market, by Form

Based on form, the market has been divided into flakes, powder, and diluted sub-segments of which the powder sub-segment is projected to generate the maximum revenue and show the fastest growth.

Brassylic Acid Market Share, By Form, 2021

Source: Research Dive Analysis

The powder sub-segment is predicted to have a dominating market revenue in the global market and register a revenue of $59.3 million during the forecast period. This growth is projected due to increased demand for powdered brassylic acid for application in the manufacturing of nylon, fragrance, and lubricants. Powder form of brassylic acid can be easily stored and transported from one place to another. Also, the form can be used to prepare brassylic acid solutions of various different dilutions. Apart from this, brassylic acid in powder form does not spoil easily. Such factors are anticipated to generate huge brassylic acid market share revenues in the next few years.

Brassylic Acid Market, by Application

Based on the application, the market is divided into polymers, adhesives, lubricants, fragrance, and others. Among the mentioned sub-segments, the fragrance sub-segment is predicted to show the dominating market share and polymers is projected to garner the fastest market growth.

Brassylic Acid Market Share, By Application, 2021 and 2030

Source: Research Dive Analysis

The polymers sub-segment of market is projected to have the fastest growth and it is projected to surpass $21.4 million by 2030. The sub-segment growth is attributed to extensive use of brassylic acid in the polymer industry, especially for the manufacturing of nylon. Brassylic acid provides an exclusive range of physical and chemical properties including resistance and abrasion. Also, brassylic acid is highly soluble in water which further makes it a perfect choice for use in chemical and polymer industries.

Brassylic Acid Market, Regional Insights

The brassylic acid market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Brassylic Acid Market Share & Forecast, By Region, 2021-2030 ($Million)

Source: Research Dive Analysis

The Market for Brassylic Acid in Europe to be the Most Dominant

The brassylic acid market in the Europe region is projected to witness dominating share. This market generated a revenue of $24.3 million in 2021 and is further projected to reach up to $35.4 million by 2030. The regional growth is attributed to the presence of well-established fragrance industries in the countries like France and Spain. Brassylic acid is largely used in the manufacturing of fragrances and perfume. Also, high concentration of automobile industries in countries such as Germany and the U.K is anticipated to have a positive impact on brassylic acid market size growth in the predicted time period. Brassylic acid is also used in the manufacturing of adhesives and lubricants and these products are extensively used in the automobile industry for greasing purposes.

Competitive Scenario in the Brassylic Acid Market

Product launches and acquisitions are common strategies followed by major market players.

Source: Research Dive Analysis

The companies involved in the brassylic acid market are Cathay Industrial Biotech, Palmary Chemical, Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co., Ltd., Beyo Chemical Co., Ltd, Larodan Ab, Evonik Industries, Nantong Senos Biotechnology Co., Ltd., Shanghai Kaleys Holding Co., Ltd.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.5.Market size estimation

1.5.1.Top-down approach
1.5.2.Bottom-up approach

2.Report Scope

2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global brassylic acid   market

3.Executive Summary

4.Market Overview

4.1.Introduction
4.2.Growth impact forces

4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities

4.3.Market value chain analysis

4.3.1.List of raw material suppliers
4.3.2.List of manufacturers 
4.3.3.List of distributors

4.4.Innovation & sustainability matrices

4.4.1.Application matrix
4.4.2.Regulatory matrix

4.5.Porter’s five forces analysis

4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity

4.6.PESTLE analysis

4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental

4.7.Impact of COVID-19 on brassylic acid market 

4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario

5.Brassylic acid Market, by Type  

5.1.Overview

5.1.1.Market size and forecast, by Type   

5.2.Flakes

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2022-2030
5.2.3.Market share analysis, by country 2022 & 2030

5.3.Powder

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2022-2030
5.3.3.Market share analysis, by country 2022 & 2030

5.4.Diluted

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2022-2030
5.4.3.Market share analysis, by country 2022 & 2030

5.5.Research Dive Exclusive Insights

5.5.1.Market attractiveness
5.5.2.Competition heatmap

6.Brassylic acid Market, by Application 

6.1.Overview

6.1.1.Market size and forecast, by Application

6.2.Polymers

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region, 2022-2030
6.2.3.Market share analysis, by country 2022 & 2030

6.3.Adhesives

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region, 2022-2030
6.3.3.Market share analysis, by country 2022 & 2030 

6.4.Lubricants

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region, 2022-2030
6.4.3.Market share analysis, by country 2022 & 2030 

6.5.Others

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region, 2022-2030
6.5.3.Market share analysis, by country 2022 & 2030 

6.6.Research Dive Exclusive Insights

6.6.1.Market attractiveness
6.6.2.Competition heatmap 

7.Brassylic acid Market, by Region

7.1.North America

7.1.1.U.S.

7.1.1.1.Market size analysis, by Type 
7.1.1.2.Market size analysis, by Application 

7.1.2.Canada

7.1.2.1.Market size analysis, by Type 
7.1.2.2.Market size analysis, by Application 

7.1.3.Mexico

7.1.3.1.Market size analysis, by Type 
7.1.3.2.Market size analysis, by Application 

7.1.4.Research Dive Exclusive Insights

7.1.4.1.Market attractiveness
7.1.4.2.Competition heatmap

7.2.Europe

7.2.1.Germany 

7.2.1.1.Market size analysis, by Type 
7.2.1.2.Market size analysis, by Application 

7.2.2.UK

7.2.2.1.Market size analysis, by Type 
7.2.2.2.Market size analysis, by Application 

7.2.3.France

7.2.3.1.Market size analysis, by Type 
7.2.3.2.Market size analysis, by Application 

7.2.4.Spain

7.2.4.1.Market size analysis, by Type 
7.2.4.2.Market size analysis, by Application 

7.2.5.Italy

7.2.5.1.Market size analysis, by Type 
7.2.5.2.Market size analysis, by Application 

7.2.6.Rest of Europe

7.2.6.1.Market size analysis, by Type 
7.2.6.2.Market size analysis, by Application 

7.2.7.Research Dive Exclusive Insights

7.2.7.1.Market attractiveness
7.2.7.2.Competition heatmap

7.3.Asia Pacific

7.3.1.China

7.3.1.1.Market size analysis, by Type 
7.3.1.2.Market size analysis, by Application

7.3.2.Japan 

7.3.2.1.Market size analysis, by Type 
7.3.2.2.Market size analysis, by Application 

7.3.3.India

7.3.3.1.Market size analysis, by Type 
7.3.3.2.Market size analysis, by Application 

7.3.4.Australia

7.3.4.1.Market size analysis, by Type 
7.3.4.2.Market size analysis, by Application 

7.3.5.South Korea

7.3.5.1.Market size analysis, by Type 
7.3.5.2.Market size analysis, by Application 

7.3.6.Rest of Asia Pacific

7.3.6.1.Market size analysis, by Type 
7.3.6.2.Market size analysis, by Application 

7.3.7.Research Dive Exclusive Insights

7.3.7.1.Market attractiveness
7.3.7.2.Competition heatmap

7.4.LAMEA

7.4.1.Brazil

7.4.1.1.Market size analysis, by Type 
7.4.1.2.Market size analysis, by Application

7.4.2.Saudi Arabia

7.4.2.1.Market size analysis, by Type 
7.4.2.2.Market size analysis, by Application 

7.4.3.UAE

7.4.3.1.Market size analysis, by Type 
7.4.3.2.Market size analysis, by Application 

7.4.4.South Africa

7.4.4.1.Market size analysis, by Type 
7.4.4.2.Market size analysis, by Application 

7.4.5.Rest of LAMEA

7.4.5.1.Market size analysis, by Type 
7.4.5.2.Market size analysis, by Application 

7.4.6.Research Dive Exclusive Insights

7.4.6.1.Market attractiveness
7.4.6.2.Competition heatmap

8.Competitive Landscape

8.1.Top winning strategies, 2021

8.1.1.By strategy
8.1.2.By year

8.2.Strategic overview
8.3.Market share analysis, 2021

9.Company Profiles

9.1.Cathay Industrial Biotech

9.1.1.Overview
9.1.2.Business segments
9.1.3.Product portfolio
9.1.4.Financial performance
9.1.5.Recent developments
9.1.6.SWOT analysis

9.2.Palmary Chemical

9.2.1.Overview
9.2.2.Business segments
9.2.3.Product portfolio
9.2.4.Financial performance
9.2.5.Recent developments
9.2.6.SWOT analysis

9.3.Zibo Guangtong Chemical Co

9.3.1.Overview
9.3.2.Business segments
9.3.3.Product portfolio
9.3.4.Financial performance
9.3.5.Recent developments
9.3.6.SWOT analysis

9.4.Beyo Chemical Co.

9.4.1.Overview
9.4.2.Business segments
9.4.3.Product portfolio
9.4.4.Financial performance
9.4.5.Recent developments
9.4.6.SWOT analysis

9.5.Larodan Ab

9.5.1.Overview
9.5.2.Business segments
9.5.3.Product portfolio
9.5.4.Financial performance
9.5.5.Recent developments
9.5.6.SWOT analysis

9.6.Evonik Industries

9.6.1.Overview
9.6.2.Business segments
9.6.3.Product portfolio
9.6.4.Financial performance
9.6.5.Recent developments
9.6.6.SWOT analysis

9.7.Nantong Senos Biotechnology Co., Ltd.

9.7.1.Overview
9.7.2.Business segments
9.7.3.Product portfolio
9.7.4.Financial performance
9.7.5.Recent developments
9.7.6.SWOT analysis

9.8.Shanghai Kaleys Holding Co., Ltd

9.8.1.Overview
9.8.2.Business segments
9.8.3.Product portfolio
9.8.4.Financial performance
9.8.5.Recent developments
9.8.6.SWOT analysis

9.9.Others

9.9.1.Overview
9.9.2.Business segments
9.9.3.Product portfolio
9.9.4.Financial performance
9.9.5.Recent developments
9.9.6.SWOT analysis

10.Appendix

10.1.Parent & peer market analysis
10.2.Premium insights from industry experts
10.3.Related reports

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