Azelaic Acid Market Size and Growth Outlook:
North America stands out as the largest Azelaic Acid market, representing 40% of the total market share. Azelaic Acid Market was valued at USD 229.57 Mn in 2023 and is expected to reach USD 374.71 Mn by 2030, at a CAGR of 7.25 % during the forecast period.
Azelaic Acid Market Overview:
The "Azelaic Acid Market" report delivers up-to-date insights to help decision-makers make well-informed investment choices. It offers a comprehensive analysis of the global Azelaic Acid Market, segmented by product type, application, key manufacturers, and major geographical regions.
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Azelaic Acid Market Scope:
This report examines growth opportunities, challenges, and market dynamics shaping the Azelaic Acid industry. Through Porter's Five Forces analysis, it evaluates critical factors driving market trends, including supplier bargaining power and the competitive landscape.
Azelaic Acid Market Segmentation:
by Application
Pharmaceutical
Adhesives
Plastics
Lubricants
Personal Care & Cosmetics
Others
by Type
Polymer Grade
Pharma Grade
Technical Grade
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Azelaic Acid Key Market Players:
The key players operating in the Azelaic Acid include:
1. Emery Oleochemicals - Malaysia
2. Matrica - Italy
3. Croda Sipo (Sichuan) Co., Ltd. - China
4. Antong Hengxing Electronic Materials - China
5. Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd. - China
6. Matrìca S.p.A. - Italy
7. Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd - China
8. Croda Sipo - China
9. BASF – Germany
10. Evonik Industries AG - Germany
11. DSM - Netherlands
12. Lonza Group - Switzerland
13. Solvay SA - Belgium
14. SABIC - Saudi Arabia
15. Eastman Chemical Company - United States
16. Arkema Group - France
17. Mitsubishi Chemical Corporation - Japan
18. Sumitomo Chemical Co., Ltd. - Japan
19. LG Chem - South Korea
20. Kuraray Co., Ltd. - Japan
21. Celanese Corporation - United States
22. Clariant AG - Switzerland
23. Covestro AG - Germany
24. Aditya Birla Chemicals - India
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Azelaic Acid Market Regional Analysis:
The global Azelaic Acid has been analyzed across the following regions:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Impact of COVID-19 on the Azelaic Acid:
The COVID-19 pandemic has significantly affected the global Azelaic Acid Market, leading to disruptions such as:
- Flight cancellations and travel restrictions
- Quarantines and business closures
- Event cancellations and supply chain interruptions
- Stock market fluctuations and economic uncertainties
Key Questions Addressed in the Report:
- What are the emerging trends in the Azelaic Acid during the forecast period?
- What will be the market size of Azelaic Acid ?
- Which company holds the largest market share in the Azelaic Acid industry?
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