The growing trend for production of chemical from green feedstock, there has been significant rise in demand for Erucic acid. The demand for Erucic acid based chemicals has been improved significantly from the plastic additive industry and metal working industry.
The High Erucic Acid Rapeseed Oil (H.E.A.R.) oil is increasingly being used in the oleo chemicals industry to manufacture erucamide which is used as slip additive chemical in the manufacture of polypropylene films and polythene and. Erucic acid is used as base oil and lubricity additive for lubricants and metal working industry.
Erucic acid is a versatile product being used across a wide range of applications including lubricants, plastic, personal care and cosmetics, pharmaceutical amongst others. Its role as chemical intermediate to manufacture a range of chemicals for specialized applications has also created lucrative growth opportunities for the manufacturers.
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FACTS AT A GLANCE
Companies: Wilmar International Limited,Bunge North America,Perdue Agribusiness,Naturescrops International,Vantage Specialty Chemicals
Coverage: All major geographies and key segments
Segments: Source(Rapeseed oil,Canola,Tame mustard,Fish,Others); Grade(Erucic acid 43-50%,Erucic acid >50%); Applications(Chemical manufacturing,Erucic acid N Compounds,Erucamide,Erucyl ester,Erucyl alcohol,Behenic acid,Behenic alcohol,Glycerol tribehenate)
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Global Erucic Acid Market Drivers
The growing regulations for the use of environmental friendly additives for lubricants, polymers processing, metal-working industry amongst others has caused rise in demand for erucic acid. Thus the growing efforts by global manufacturers coupled with stringent regulations especially in North America and Europe is projected to drive the demand for erucic acid over the forecast period.
There global Erucic acid market has witnessed rise in demand from the manufacture of chemicals such as erucamide which is used as an important additive in plastic and polymer films industry. The slip additives are used to avoid the trouble which is caused while opening the plastic bag.
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Global Erucic Acid Market Restraints
The high concentration of erucic acid in vegetable oils has posed some serious issues to human health such as deposition of triglycerides which could lead to heart problems.
Global Erucic Acid Market Trends
In the present scenario, only a fraction of potential for Erucic acid had been explored therefore, manufacturers are focusing on the exploring the potential applications for erucic acid. For instance: high erucic acid is used in continuous casting process in the steel processing industry.
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