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Brassylic acid market by Raw Material Type (Paraffin oil, Vegetable oil (crambe oil, rapeseed oil and others)), by Production Method (chemical and fermentation), by Application (fragrances, adhesives, plastics, lubricants and other polymer & copolymers): Global Opportunity Analysis and Industry Forecast, 2019–2026

MA191122

Pages: NA

Oct 2019

Brassylic Acid Market Overview 2026:

Global brassylic acid market was valued at $ 566.3 Million in 2018, and is projected to reach $ 750.7 Million by 2026, growing at a CAGR of 3.7% from 2019 to 2026. Europe accounted for the highest share in 2018 and is anticipated to maintain its lead in throughout the forecast period.

Brassylic acid is a dicarboxylic acid with 13 carbon atoms, occurring in plant and animal tissues. Brassylic acid exhibits carboxyl group, which is useful in variety of applications such as fragrances, adhesives, plastics and lubricants. Brassylic acid is highly soluble in water and is used for manufacturing plasticizer for polymers, lubricants and perfumeries.

Shifting preferences from use of polycyclic acid towards use of brassylic acid for  synthesis of perfumes is a key factor expected to provide lucrative opportunities for brassylic acid market during the forecast period.. For instance, according to press release of the “International Fragrance Association”, 2019, sales generated by fragrance industry collectively in regions like Europe, MEA and Latin America was valued at US$ 8.03 Bn  in 2017. Therefore, growing perfume and fragrance industry globally is expected to proper demand for brassylic acid during the forecast period.The global Brassylic Acid market is segment based on raw material type, production method, application and region. Based on raw material type, the market is divided into paraffin oil, vegetable oil (crambe oil, rapeseed oil and others). Based on production method, the market is divided into chemical and fermentation. On the basis of application, the market is segmented into fragrances, adhesives, plastics, lubricants and other polymer & copolymers. Based on region, it is analyzed across North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa.

Key players including Cathay Industrial Biotech, Palmary Chemical, Unisource Chemical Pvt. Ltd, Zibo Guangtong Chemical Co. Ltd, Beyo Chemical Co. Ltd, Larodan AB, Evonik Industries, Nangtong Senos Biotechnology Co. Ltd, Shanghai Kaleys Holding Co. Ltd and others holds major Brassylic Acid market share.

Growth of perfume and fragrance industry

Growth of Brassylic Acid, is majorly used for synthesis of fragrances. Fragrances derived from Brassylic Acid belong to macrocyclic musk category. Polycyclic mush such as Phantolide faces few challenges as they are not environmental friendly. Therefore, Brassylic Acid used for synthesis of macrocyclic musk is expected to be considered as a potential alternative for polycyclic acid, as it is n easily degradable chemical compound. Fragrances are used in beauty, personal care as well as various home care products. Growth of end-use industries that use fragrances globally is expected to drive growth of fragrance industry and thereby, boost demand of brassylic acid in the near future.

For instance, according to press release of the “International Fragrance Association”, 2019, sales generated by fragrance industry collectively in regions like Europe, MEA and Latin America was valued at US$ 8.03 Bn  in 2017. AS per the same source, there are around 3,000 raw material suppliers of fragrance and flavor companies. Moreover, it is also stated that fragrance ingredients have the ability to boost value of consumer products such as cosmetics by factor of ten.

Therefore, growing perfume and fragrance industry globally is expected to proper demand for brassylic acid during the forecast period.

Renewable feedstock

Use of renewable sources such as vegetable oil for the production of brassylic acid is gaining traction, owing to the production of renewable end-use products such as plastics and polymers, among others. Vegetable oils such as crambe oil, rapeseed oil, and mustard oil are few examples of vegetable oils that are used for brassylic acid production. Moreover, low price and easy availability of vegetable oil are expected to attract brassylic acid manufacturers.

Adverse effects of brassylic aicd and availability of alternatives

Adverse effects of brassylic acid are expected to hamper the growth of the market. For instance, according to European Chemicals Agency (ECHA), brassylic acid cause’s skin irritation, serious eye irritation, and may cause respiratory irritation.

Brassylic acid is majorly used in fragrance industry for synthesis of macrocyclic musk. However, other types of musk compounds such as nitro musks and polycyclic musk compounds are already available in the market.
Therefore, adverse effects of brassylic acid and availability of substitutes are expected to hinder the growth of global brassylic acid market during the forecast period.

Emerging applications of Brassylic Acid

Various di-esters of brassylic acid are incorporated into PVC and used as plasticizers. These derivatives of brassylic acid have property to remain stable in low- temperature conditions. DI-cyclohexyl brassylate (a derivative of brassylic acid) has properties similar to those shown by bis-3ethylexyl pthalate, which is most widely used plasticizer in moderate temperature applications.

Key Benefits for Brassylic Acid Market:

  • This study presents the analytical depiction of the global Brassylic Acid market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall Brassylic Acid market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global Brassylic Acid market with a detailed impact analysis.
  • The current Brassylic Acid market is quantitatively analyzed from 2017 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Brassylic Acid Key Market Segments:

By Raw Material Type

  • Paraffin Oil
  • Vegetable Oil
  • Crambe Oil
  • Rapeseed Oil
  • Others (Mustard Oil etc.)

By Production Method:

  • Chemical
  • Fermentation

By Application

  • Fragrances
  • Adhesives
  • Plastics
  • Lubricants
  • Other polymers and co-polymers

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • Africas
    • Rest of Middle East & Africa

1.    Global Brassylic Acid Market- Executive Summary

1.1.    Market Overview

1.1.1.    Overall Market Approach
1.1.2.    Target Segment
1.1.3.    Target Region
1.1.4.    Differentiating Strategy

1.2.    Opportunity Assessment
1.3.    Key Market Indicators

2.    Global Brassylic Acid Market- Introduction

2.1.    Market Introduction and Definition
2.2.    Global Brassylic Acid Market- Research Scope

3.    Global Brassylic Acid Market- Associated Industry Assessment

3.1.    Market Dynamics and its Impact

3.1.1.    Key Market Drivers
3.1.2.    Key Market Restraints
3.1.3.    Key Market Opportunities
3.1.4.    Key Market Trends

3.2.    PEST Analysis
3.3.    Porters Analysis
3.4.    Global Brassylic Acid Market- Scenario Forecast

3.4.1.     Likely Scenario
3.4.2.    Conservative Scenario
3.4.3.    Optimistic  Scenario

3.5.    Global Brassylic Acid Market- Pricing Analysis

3.5.1.    Regional Pricing Analysis by Raw Material Type

3.5.1.1.    Paraffin Oil
3.5.1.2.    Vegetable Oil

3.5.1.2.1.    Crambe Oil
3.5.1.2.2.    Rapeseed Oil
3.5.1.2.3.    Others (Mustard Oil etc.)

3.6.    Forecast Factors and Its Relevance

4.    Global Brassylic Acid Market Analysis and Forecast

4.1.    Global Brassylic Acid Market Analysis and Forecast

4.1.1.    Market Volume (Kilo Tons), Value (US$ Mn) Forecast and Analysis
4.1.2.    Region Wise Demand Assessment

4.1.2.1.    North America Market Value (US$ Mn) and Volume (Kilo Tons), 2019-2027
4.1.2.2.    Latin America Market Value (US$ Mn) and Volume (Kilo Tons), 2019-2027
4.1.2.3.    Europe Market Value (US$ Mn) and Volume (Kilo Tons), 2019-2027
4.1.2.4.    Asia Pacific Market Value (US$ Mn) and Volume (Kilo Tons), 2019-2027
4.1.2.5.    MEA Market Value (US$ Mn) and Volume (Kilo Tons), 2019-2027

4.2.    Global Brassylic Acid Market Analysis and Forecast, by Raw Material Type

4.2.1.    Paraffin Oil
4.2.2.    Vegetable Oil

4.2.2.1.    Crambe Oil
4.2.2.2.    Rapeseed Oil
4.2.2.3.    Others (Mustard Oil etc.)

4.2.3.    Market Share Analysis (%), by Raw Material Type
4.2.4.     Market Y-o-Y Growth Analysis and forecast, by Raw Material Type

4.3.    Global Brassylic Acid Market Analysis and Forecast, by Production Method

4.3.1.    Chemical 
4.3.2.    Fermentation

4.3.3.    Market  Share Analysis (%), by Production Method
4.3.4.    Market Y-o-Y Growth Analysis and forecast, by Production Method

4.4.    Global Brassylic Acid Market Analysis and Forecast, by Application

4.4.1.    Fragrances
4.4.2.    Adhesives
4.4.3.    Plastics
4.4.4.    Lubricants
4.4.5.    Other polymers and Co-polymers
4.4.6.    Market Share Analysis (%), by Application
4.4.7.    Market Y-o-Y Growth Analysis and forecast, by Application

5.    North America Brassylic Acid Market Analysis and Forecast

5.1.    North America Brassylic Acid Market Analysis and Forecast


5.1.1.    Market Volume (Kilo Tons), Value (US$ Mn) Forecast and Analysis
5.1.2.    Country Wise Demand Assessment

5.1.2.1.    US Market Value, Volume Share and Y-o-Y Analysis
5.1.2.2.    Canada Market Value, Volume Share and Y-o-Y Analysis

5.2.    North America Brassylic Acid Market Analysis and Forecast, by Raw Material Type
5.3.    North America Brassylic Acid Market Analysis and Forecast, by Production Method
5.4.    North America Brassylic Acid Market Analysis and Forecast, by Application

6.    Latin America Brassylic Acid Market Analysis and Forecast

6.1.    Latin America Brassylic Acid Market Analysis and Forecast

6.1.1.    Market Volume (Kilo Tons), Value (US$ Mn) Forecast and Analysis
6.1.2.    Country Wise Demand Assessment

6.1.2.1.    Brazil Market Value, Volume Share and Y-o-Y Analysis
6.1.2.2.    Mexico Market Value, Volume Share and Y-o-Y Analysis
6.1.2.3.    Argentina Market Value, Volume Share and Y-o-Y Analysis
6.1.2.4.    Rest of Latin America Market Value, Volume Share and Y-o-Y Analysis

6.2.    Latin America Brassylic Acid Market Analysis and Forecast, by Raw Material Type
6.3.    Latin America Brassylic Acid Market Analysis and Forecast, by Production Method
6.4.    Latin America Brassylic Acid Market Analysis and Forecast, by Application

7.    Europe Brassylic Acid Market Analysis and Forecast

7.1.    Europe Brassylic Acid Market Analysis and Forecast

7.1.1.    Market Volume (Kilo Tons), Value (US$ Mn) Forecast and Analysis
7.1.2.    Country Wise Demand Assessment

7.1.2.1.    UK Market Value, Volume Share and Y-o-Y Analysis
7.1.2.2.    Germany Market Value, Volume Share and Y-o-Y Analysis
7.1.2.3.    Italy Market Value, Volume Share and Y-o-Y Analysis
7.1.2.4.    Spain Market Value, Volume Share and Y-o-Y Analysis 
7.1.2.5.    Russia Market Value, Volume Share and Y-o-Y Analysis
7.1.2.6.    France Market Value, Volume Share and Y-o-Y Analysis
7.1.2.7.    Rest of Europe Market Value, Volume Share and Y-o-Y Analysis

7.2.    Europe Brassylic Acid Market Analysis and Forecast, by Raw Material Type
7.3.    Europe Brassylic Acid Market Analysis and Forecast, by Production Method
7.4.    Europe Brassylic Acid Market Analysis and Forecast, by Application

8.    Asia Pacific Brassylic Acid Market Analysis and Forecast

8.1.    Asia Pacific Brassylic Acid Market Analysis and Forecast

8.1.1.    Market Volume (Kilo Tons), Value (US$ Mn) Forecast and Analysis
8.1.2.    Country Wise Demand Assessment

8.1.2.1.    China Market Value, Volume Share and Y-o-Y Analysis
8.1.2.2.    India Market Value, Volume Share and Y-o-Y Analysis
8.1.2.3.    Japan Market Value, Volume Share and Y-o-Y Analysis
8.1.2.4.    South Korea Market Value, Volume Share and Y-o-Y Analysis
8.1.2.5.    ASEAN Market Value, Volume Share and Y-o-Y Analysis
8.1.2.6.    Australia Market Value, Volume Share and Y-o-Y Analysis
8.1.2.7.    Rest of Asia Pacific Market Value, Volume Share and Y-o-Y Analysis

8.2.    Asia Pacific Brassylic Acid Market Analysis and Forecast, by Raw Material Type
8.3.    Asia Pacific Brassylic Acid Market Analysis and Forecast, by Production Method
8.4.    Asia Pacific Brassylic Acid Market Analysis and Forecast, by Application

9.    Middle East & Africa Brassylic Acid Market Analysis and Forecast

9.1.    Middle East & Africa Brassylic Acid Market Analysis and Forecast

9.1.1.    Market Volume (Kilo Tons), Value (US$ Mn) Forecast and Analysis
9.1.2.    Country Wise Demand Assessment

9.1.2.1.    GCC Countries Market Value, Volume Share and Y-o-Y Analysis
9.1.2.2.    Africa Market Value, Volume Share and Y-o-Y Analysis
9.1.2.3.    Rest of MEA Market Value, Volume Share and Y-o-Y Analysis

9.2.    Middle East & Africa Brassylic Acid Market Analysis and Forecast, by Raw Material Type
9.3.    Middle East & Africa Brassylic Acid Market Analysis and Forecast, by Production Method
9.4.    Middle East & Africa Brassylic Acid Market Analysis and Forecast, by Application

10.    Competitive Assessment and Company Profiles

10.1.    Global Brassylic Acid Market- a Dashboard View
10.2.    Global Brassylic Acid Market Structure
10.3.    Global Brassylic Acid Market- Company Share Analysis
10.4.    Company Profiles

10.4.1.    Cathay Industrial Biotech

10.4.1.1.    Company Overview
10.4.1.2.    Product Portfolio
10.4.1.3.    Locations across the globe
10.4.1.4.    Key Developments (if any)
10.4.1.5.    Key Strategies  (if any)

10.4.2.    Palmary Chemical

10.4.2.1.    Company Overview
10.4.2.2.    Product Portfolio
10.4.2.3.    Locations across the globe
10.4.2.4.    Key Developments (if any)
10.4.2.5.    Key Strategies  (if any)

10.4.3.    Unisource Chemical Pvt. Ltd

10.4.3.1.    Company Overview
10.4.3.2.    Product Portfolio
10.4.3.3.    Locations across the globe
10.4.3.4.    Key Developments (if any)
10.4.3.5.    Key Strategies  (if any)

10.4.4.    Zibo Guangtong Chemical Co. Ltd

10.4.4.1.    Company Overview
10.4.4.2.    Product Portfolio
10.4.4.3.    Locations across the globe
10.4.4.4.    Key Developments (if any)
10.4.4.5.    Key Strategies  (if any)

10.4.5.    Beyo Chemical Co. Ltd

10.4.5.1.    Company Overview
10.4.5.2.    Product Portfolio
10.4.5.3.    Locations across the globe
10.4.5.4.    Key Developments (if any)
10.4.5.5.    Key Strategies  (if any)

10.4.6.    Larodan AB

10.4.6.1.    Company Overview
10.4.6.2.    Product Portfolio
10.4.6.3.    Locations across the globe
10.4.6.4.    Key Developments (if any)
10.4.6.5.    Key Strategies  (if any)

10.4.7.    Evonik Industries

10.4.7.1.    Company Overview
10.4.7.2.    Product Portfolio
10.4.7.3.    Locations across the globe
10.4.7.4.    Key Developments (if any)
10.4.7.5.    Key Strategies  (if any)

10.4.8.    Nangtong Senos Biotechnology Co. Ltd

10.4.8.1.    Company Overview
10.4.8.2.    Product Portfolio
10.4.8.3.    Locations across the globe
10.4.8.4.    Key Developments (if any)
10.4.8.5.    Key Strategies  (if any)

10.4.9.    Shanghai Kaleys Holding Co. Ltd

10.4.9.1.    Company Overview
10.4.9.2.    Product Portfolio
10.4.9.3.    Locations across the globe
10.4.9.4.    Key Developments (if any)
10.4.9.5.    Key Strategies  (if any)

10.4.10.    TCI Chemical Pvt. Ltd

10.4.10.1.    Company Overview
10.4.10.2.    Product Portfolio
10.4.10.3.    Locations across the globe
10.4.10.4.    Key Developments (if any)
10.4.10.5.    Key Strategies  (if any)

11.    Disclaimer

Brassylic acid is primarily used for the synthesis of fragrances and a potential alternative for polycyclic acid as it is an easily degradable chemical compound. Polycyclic mush such as Phantolide faces few challenges as they are not environmental friendly. Therefore, Brassylic Acid used for synthesis of macrocyclic musk

Growth of perfume and fragrance industry, emerging applications of brassylic acid such as PVC & plasticizers, and increasing use of renewable feedstock is expected to boost the growth of the brasssylic acid market. Therefore, increasing applications of brassylic acid in plastics, lubricants and adhesive industry, is expected to fuel the demand of brassylic acid throughout the forecast period. However, adverse effects of brassylic acid and availability of alternatives is expected to hamper the growth of brassylic acid market during the forecast period.

At present, consumption of brassylic acid in fragrances is highest and is projected to remain same throughout the forecast period. However, other types of musk compounds such as nitro musks and polycyclic musk compounds are already available in the market. Such factor is expected be the key concern. The consumption of brassylic acid is highest in Europe owing to increasing availability of renewable raw material sources such as vegetable oil. Also, as petroleum is considered to be non-renewable source of energy and is depleting rapidly, Therefore, brassylic acid synthesized from plant-based sources such as crambe oil and rapeseed oil is a potential alternative for plastics produced from petroleum sources.

Among the analyzed regions, currently, Europe is the highest revenue contributor, and is expected to maintain the lead during the forecast period, followed by Asia Pacific and North America.

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