United Kingdom Pelargonic Acid Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
United Kingdom Pelargonic Acid Market is segmented By Grade (Natural Grade, Synthetic Grade), By Application (Motors, Lubricants, Herbicide, Lacquer &....
United Kingdom Pelargonic Acid Market Size
Market Size in USD
CAGR6.7%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.7% |
| Market Concentration | High |
| Major Players | Central Drug House. , Croda International Plc, Emery Oleochemicals UK Limited, Glentham Life Sciences Limited, OQ Chemicals GmbH |
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United Kingdom Pelargonic Acid Market Analysis
The United Kingdom Pelargonic Acid Market is estimated to be valued at USD 6.29 Mn in 2024 and is expected to reach USD 10.5 Mn by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The market is driven by increasing demand from personal care industries where pelargonic acid is used as a moisturizing agent and preservative. The demand for pelargonic acid in personal care products such as moisturizers, cleansers, and hair care products is expected to increase over the forecast period. Growing consumer awareness regarding the benefits of natural ingredients is surging the demand for pelargonic acid derived from natural sources such as coconut and palm kernel oil. Furthermore, increasing R&D investments by manufacturers to develop multifunctional and eco-friendly products incorporating pelargonic acid will support the market growth in the coming years.