According to a new market report published by Lucintel, the future of the azelaic acid market looks promising with opportunities in plastics, lubricants, electronics, pharmaceuticals, personal care and cosmetics, and others. The global azelaic acid market is expected to grow with a CAGR of 7.7% from 2020 to 2025. The major drivers for this market are increasing demand and high adoption of azelaic acid by end use industries, increasing heatlh awareness, and increasing demand of personal care products.
In this market, polymer grade, technical grade, and pharmaceutical grade are the major grades of the azelaic acid market.
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Within this market, plastics, lubricants, electronics, pharmaceuticals, personal care and cosmetics, and others are the major application of azelaic acid. Plastics is expected to be the largest segment over the forecast period.
North America is expected to be the largest region over the forecast period due to changing lifestyle and unhealthy eating habits leading to health concerns.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global azelaic acid market by grade, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Azelaic Acid Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global azelaic acid market by grade, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
1% Azelaic Acid
2% Azelaic Acid
Pure Azelaic Acid (>98%)
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Cosmetics
Pharmaceutical
Food
Animal Feed
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
German
France
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.