by Pelargonic acid, also known as nonanoic acid, is a medium-chain saturated fatty acid that is used as a precursor in the production of lubricants, surfactants, plasticizers, and other industrial applications. It has excellent antimicrobial and antiviral properties that make it suitable for use in household cleaners, personal care products, and other industries. The pelargonic acid market in the United Kingdom has been growing owing to the increasing demand from home care and personal care sectors.
The United Kingdom Pelargonic Acid Market is estimated to be valued at US$ 6.29 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.
Pelargonic acid finds wide usage in diverse industries including home care, personal care, lubricants, and plastics due to its chemical properties and favorable toxicological profile. The surfactants sector accounts for over 30% of the total pelargonic acid demand in the UK.
Key Takeaways
Key players operating in the United Kingdom pelargonic acid market are Central Drug House, Croda International Plc, Emery Oleochemicals UK Limited, and Glentham Life Sciences Limited, OQ Chemicals GmbH. Croda International Plc is one of the leading manufacturers of pelargonic acid in Europe with a wide product portfolio for home care, personal care and industrial applications.
The demand for pelargonic acid is expected to grow significantly over the forecast period, mainly driven by the increasing demand from home care and personal care industries. The growing demand for natural and plant-derived chemicals from end-user industries is also expected to support the market growth of pelargonic acid in the UK.
The manufacturers are focusing on expanding their production facilities and supply networks in Europe and North America to cater to the growing demand. Collaboration with formulation companies and direct suppliers is another key strategy adopted by pelargonic acid producers to boost sales across different application industries.
Market Key Trends
One of the key trends witnessed in the United Kingdom pelargonic acid market is the increasing demand for bio-based and sustainable chemicals. Considering negative health and environmental impacts of petroleum-based chemicals, companies are investing in developing bio-based pelargonic acid using palm and coconut oil as raw materials. This is expected to provide opportunities for natural and green chemical producers while boosting the market growth of pelargonic acid in the UK. Innovation of effective delivery systems by leveraging the antiviral properties of pelargonic acid is another trend being observed to develop sustainable disinfectant formulations.
Porter’s Analysis
Threat of new entrants: Low cost of production and well established distribution channels lower the threat of new entrants. However, the presence of large retailers poses a threat.
Bargaining power of buyers: Large retailers have significant bargaining power due to their size and can demand lower prices. Individual consumers have low bargaining power.
Bargaining power of suppliers: A few large suppliers control much of the raw material supply, giving them strong negotiating power over price and quality demands.
Threat of new substitutes: Other natural acid extracts and vegetable-based alternatives pose a medium threat as substitutes. However, pelargonic acid’s unique properties provide some protection.
Competitive rivalry: Competition is high among the major players to gain market share and expand production capacity. Price competition is also intense.
The United Kingdom accounts for over 35% of the overall pelargonic acid market value in Europe led by demand from personal care and homecare product segments. Germany is another major geographical region where consumption is concentrated driven by strong chemical industry.
The pelargonic acid market in China is forecast to witness fastest growth during the forecast period led by increasing demand from homecare and industrial applications. Expanding middle class, growing disposable incomes and acceptance of green chemicals are fueling market expansion in China.
What Are The Key Data Covered In This United Kingdom Pelargonic Acid Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United Kingdom Pelargonic Acid’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United Kingdom Pelargonic Acid and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United Kingdom Pelargonic Acid Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United Kingdom Pelargonic Acid vendors
FAQ’s
Q.1 What are the main factors influencing the United Kingdom Pelargonic Acid?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United Kingdom Pelargonic Acid companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United Kingdom Pelargonic Acid’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
