The global erucamide market size was worth around USD 263.5 Billion in 2023 and is predicted to grow to around USD 359.1 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.50% between 2024 and 2032.
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The carboxylic acid amide of docosenoic acid is known as erucamide. Erucic acid is frequently responsible for the formation of erucamide. Erucic acid, a monounsaturated acid, exhibits elevated melting and boiling temperatures. Oleamide is used instead of erucamide because it has a higher melting point and is more resistant to heat at higher temperatures.
The study also includes a market share analysis of the top players in the global erucamide market. Furthermore, the research discusses the strategic development, including acquisitions and mergers, agreements, partnerships, collaborations, and joint ventures, as well as the geographical expansion of key market competitors.
In the coming years, the global market for erucamide is expected to increase rapidly. This is due to an increase in demand for erucamide, which is used to change the physical properties of polyethylene, polypropylene, and other polymers. Furthermore, the market for food packaging is being spurred ahead by rising sanitary awareness and increased demand for canned foods.
Given the existing circumstances, this is expected to boost the growth of the global erucamide market in the coming years. Furthermore, it is expected that the global erucamide market would grow in the next years as erucamide is increasingly used in the printing and dying industries. Erucamide is also widely used as a dispersion agent in the printing and dyeing industries. The fact that erucamide is a dangerous material, on the other hand, may make it tough for the erucamide market to expand globally throughout the anticipated time period. Despite this, it is projected that the Middle Eastern and African regions will give new opportunities for expansion for the various players already operating in the erucamide market in the coming years.
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The Global Erucamide Market is segmented based on product, application and region
Global Erucamide Market: Product Segment Analysis
● High Purity Erucamide
● General Erucamide
Global Erucamide Market: Application Segment Analysis
● Food Packaging
● Paper and Textile Industry
● Surfactants
● Printing and Dying
● Others
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The global Erucamide market profiles key players such as:
● Haimen Hualong
● PCC Chemax
● PMC Group, Struktol
● Lutianhua
● SCM Chemicals Inc.
● Astra Polymers
● Sichuan Nipo Fine Chemical Co.
● Sichuan Tianyu Oleochemical Co.
● Hunan Changsha Hengchang Chemical Co.
● Croda Sipo Co.
● BELIKE Chemical Co.
● Shanghai Huayi Plastics Auxiliary Cooperation Company
Erucamide Market: Regional Analysis
The global erucamide market may be divided into the following regions: Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa sectors. When 2023 rolled around, the Asia Pacific region dominated the erucamide market, and it is expected that this region will continue to do so in the years to come.
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