Erucamide Market Size, Share, Market Trends, and Forecast, 2022-2028

Erucamide Industry Prospective:

The global erucamide market size was worth around USD 263.5 Billion in 2023 and is predicted to grow to around USD 359.1 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.50% between 2024 and 2032. The report analyzes the global erucamide market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the erucamide industry. 

The report covers a forecast and an analysis of the erucamide market on a global and regional level. The study provides historical data for 2018 and 2022 with a forecast from 2024 to 2032 based on both volume (Kilotons) and revenue (USD Million). The complete study covers the key drivers and restraints for the erucamide market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the erucamide market on a global level.

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In order to offer the users of this report, a comprehensive view of the erucamide market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the market has additionally been enclosed within the study. The study also includes a market attractiveness analysis, wherein all the segments are benchmarked on their market size, growth rate, and general attractiveness.

Erucamide Market: Overview

It is a carboxylic acid amide of docosenoic acid that is known as erucamide. Erucic acid is often responsible for the production of erucamide. Elevated melting and boiling temperatures are characteristics of erucic acid, which is a monounsaturated acid. Oleamide is used instead of erucamide because it has a greater melting point and is more resistant to heat of a higher temperature.

The study also includes the market share of the key participants operating in the erucamide market across the globe. Besides, the report also covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

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Erucamide Market: Growth Factors

In the future years, it is anticipated that the global market for erucamide will have a significant pace of growth. This is because there is a growing demand for erucamide, which is used to modify the physical properties of polyethylene and polypropylene, among other polymers. Additionally, the market for food packaging is being propelled forward by the expanding awareness regarding sanitation as well as the growing demand for canned goods.

This, in turn, is projected to support the development of the erucamide market around the globe in the years to come given the current circumstances. Furthermore, it is anticipated that the expansion of the worldwide erucamide market in the years to come will be driven by the expanding use of erucamide in the printing and dying industry. Additionally, the printing and dying industries make extensive use of erucamide as a dispersing chemical. The fact that erucamide is a poisonous substance, on the other hand, may make it difficult for the market for erucamide to grow on a worldwide scale throughout the period of time that is being forecasted. In spite of this, it is anticipated that the Middle Eastern and African region would provide new prospects for expansion to the different competitors that are already working in the erucamide market in the years to come.

Erucamide Market: Report Scope

Erucamide Market: Segmentation

The study provides a crucial view of the erucamide market by classifying the market based on application and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. By application, the global erucamide market includes the paper and textile industry, food packaging, printing and dying, surfactants, and others. Additionally, the regional classification includes Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa.

Erucamide Market: Regional Analysis

Specifically, the global market for erucamide may be broken down into the following regions: Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa sectors. When 2023 rolled around, the Asia Pacific area had a significant portion of the erucamide market, and it is projected that this region would continue to have a dominant position in the years to come as well.

Because of the region's booming food packaging business, there is an increasing need for erucamide, which can be ascribed to the region's dominance in this market. Furthermore, the demand for textiles is being fueled by a changing lifestyle as well as an increase in disposable income, which is projected to push the growth of the Asia Pacific erucamide market in the decades to come. It is anticipated that the regions of Europe and North America will experience considerable growth in the years to come. This is because the printing and dyeing sector has a significant need for erucamide, which is used to manufacture color dispersants.

Erucamide Market: Competitive Players

Some key players in the erucamide market are:

• Haimen Hualong
• PCC Chemax
• PMC Group, Struktol
• Lutianhua
• SCM Chemicals Inc.
• Astra Polymers
• Sichuan Nipo Fine Chemical Co.
• Sichuan Tianyu Oleochemical Co.
• Hunan Changsha Hengchang Chemical Co.
• Croda Sipo Co.
• BELIKE Chemical Co.
• Shanghai Huayi Plastics Auxiliary Cooperation Company
• Among others.

The report segments the global erucamide market into:

Global Erucamide Market: Application Analysis

• Food Packaging
• Paper and Textile Industry
• Surfactants
• Printing and Dying
• Others

Global Erucamide Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa