Global Brassylic Acid Market is accounted for $651.47 million in 2020 and is expected to reach $1,022.77 million by 2028 growing at a CAGR of 5.8% during the forecast period. Some of the key factors propelling the market growth include rising applications of brassylic acid in various end-use industries such as fragrances & perfumes, lubricants, and adhesives coupled with important use in the formation of polyurethanes, alkyd resins, and polyamides and the rise the use of brassylic acid in the manufacture of perfumes.
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On the basis of geography, the APAC region is expected to have considerable growth during the forecast period, owing to rising demand for lubricants in Asia Pacific region, an increase in disposable income along with change in people’s lifestyle, the use of brassylic acid in industrial businesses, such as perfume production, has increased. In Asia Pacific, emerging economies such as China and India are expected to exhibit significant growth in the brassylic acid market, owing to increasing industrialization and urbanization in the region. For instance, according to a report by FUCHS, a Germany-based manufacturer of lubricants and specialty products, Asia Pacific accounted for over 40% of the total lubricant market and is expected to expand further.
Some of the key players in Brassylic Acid Market include Unisource Chemicals Pvt. Ltd., Zibo Guangtong Chemical Co.Ltd., Evonik Industries, Nantong Senos Biotechnology Co.Ltd., Cathay Industrial Biotech Ltd., Palmary Chemical, Shanghai Kaleys Holding Co.Ltd, Beyo Chemical Co. Ltd, Larodan Ab, and TCI Chemical Pvt. Ltd.
Production Methods Covered in Brassylic Acid Market
• Fermentation/Microbial Synthesis
• Chemical Synthesis
Raw Material Types Covered:
• Paraffin Oil
• Vegetable Oil
Applications Covered:
• Plastics
• Lubricants
• Fragrances
• Adhesives
• Polymers & Copolymers
• Spices
• Surfactant
• Pharmaceuticals
• High Performance Polyamides and Nylon
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