Global Erucamide Market – Forecasts from 2022 to 2028
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The Erucamide Market Report includes key statistics on the industry’s current condition and is a useful source of possibilities and advancements for companies and individuals interested in the market. With company profiles, product pictures, and specifications, this report primarily focused on the Erucamide market growth in demand, investment, trade, and productivity. With Manufacturing Cost Structure Analysis, Product Overview, and Erucamide Market Scope, the Erucamide market report projects revenues for key applications across key regions.
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In 2018, the global erucamide market was worth roughly USD 237.12 million, and it is expected to increase at a healthy rate of more than 4.00 percent from 2019 to 2026. One of the most prominent nitrogen derivatives of erucic acid is eurcamide. Erucamide is made primarily from erucic acid as a raw material. It comes from non-animal sources and has a higher thermal stability than oleamide. Erucic acid is made from rapeseed oil, which is then utilised to create erucamide.
Erucamide is a carboxylic acid amide with a long chain. Purified erucic acid is commonly generated by reacting it with ammonia at high temperatures and pressures. The resulting fatty acid is next refined to ensure that it contains a high percentage of erucic acid. One of the primary factors driving the market’s high CAGR is the increasing number of applications in dyes and surfactants. Consumers’ changing lifestyles and rising health awareness are factors that provide growth prospects. In addition, increasing utility and use in food packaging, as well as rising demand for canned goods in both developed and developing countries, are driving the worldwide Erucamide market forward. However, factors such as lack of awareness about erucamide and the hazardous nature of eurcamide are expected to limit market growth throughout the projection period.
Asia Pacific, North America, Europe, Latin America, and the Rest of the World are all examined in the regional analysis of the worldwide Erucamide market. Due to the growing number of food packaging industries in the region, Asia-Pacific is the world’s leading/significant region in terms of market share. During the forecast period, Europe contributes a satisfactory rise to the global Erucamide market. North America is also expected to develop at the fastest rate / CAGR from 2019 to 2026, owing to increased demand for dye dispersant manufacturers from the printing and dyeing sectors in the region.
List of Top Key Players in Erucamide Market Report are:
● Croda Sipo
● Tianyu Oleochemical
● Nipo Fine Chemical
● Weike Axunge Chemistry
● Alinda Chemical
● Zhilian Suhua
● BELIKE Chemical
● Changsha Hengchang
● Huayi Plastics Auxiliary
The study’s goal is to estimate market sizes for various segments and nations in recent years and anticipate values for the next eight years. The report is structured to include both qualitative and quantitative characteristics of the sector in each of the study’s regions and countries. Furthermore, the research provides thorough information on critical areas such as driving drivers and obstacles that will shape the market’s future growth. The research will also include accessible opportunities in micro markets for stakeholders to invest, as well as a complete analysis of the competitive landscape and significant competitors’ product offers. The following are the market segments and sub-segments in detail:
Erucamide Market Segment by Type:
● High Purity Erucamide
● General Erucamide
Erucamide Market Segment by Applications:
● Plastics
● Ink and Paint
● Rubber
● Others
Regional landscape analysis:
• The Erucamide market is divided into five regions: North America, Europe, Asia-Pacific, Southeast Asia, the Middle East and Africa, and South America.
• A summary of each region’s performance.
• The total sales, growth rate, and revenue earned by each geography are all mentioned.
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