Azelaic Acid Market – Global Trend and Outlook to 2028
The azelaic acid market refers to the industry involved in the production, distribution, and sale of a naturally occurring dicarboxylic acid that is used in various applications. Azelaic acid is produced by yeast and found in various natural sources, such as wheat, barley, and rye. It is used in various industries, including pharmaceuticals, cosmetics, and agriculture, for its antimicrobial, anti-inflammatory, and skin-lightening properties. In the pharmaceutical industry, azelaic acid is used as a topical treatment for skin conditions such as acne, rosacea, and hyperpigmentation. In the cosmetic industry, it is used in skincare products for its exfoliating and brightening effects. In the agriculture industry, azelaic acid is used as a plant growth regulator to promote root development and increase crop yields. The market is driven by increasing demand from these industries for natural and effective ingredients with various applications.
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The global azelaic acid market is expected to grow at a compound annual growth rate (CAGR) of around 6% from 2021 to 2026. The market is driven by increasing demand for azelaic acid in the pharmaceutical industry for the treatment of various skin conditions, such as acne and rosacea, as well as its use in the production of various personal care products.
The azelaic acid market can be segmented by type, application, and region. The types include pharmaceutical grade and industrial grade. The applications include pharmaceuticals, personal care, plastics, and others.
The pharmaceutical industry is expected to be the largest end-use industry for azelaic acid due to the increasing demand for topical treatments for skin conditions such as acne, rosacea, and hyperpigmentation. The personal care industry is also expected to drive market growth as azelaic acid is used in the production of various personal care products such as hair care, skin care, and anti-aging products.
Key players in the azelaic acid market include Emery Oleochemicals, BASF SE, Croda International, Matrica S.p.A., and Nantong Hengxing Electronic Materials Co., Ltd. These companies are focusing on research and development to improve the production processes and properties of their azelaic acid products, as well as expanding their production capacities to meet growing demand.
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