According to a recent market study published by Growth Market Reports, titled, “Global Erucamide Market is segmented into by product form, by purity type, by function, by end-user, and by region: Size, Share, Trends and Opportunity Analysis, 2015-2031”, the market was valued at US$ 335.2 Million in 2021 and is expected to grow at a growth rate of ~3.4% by the year 2031.

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Erucamide is a primary long-chain fatty acid amide synthesized from the formal condensation of the carboxy group of erucic acid with ammonia.

Erucamide is used for lubrication and as a slip agent to decrease friction in the polymer and plastic industry, as a dispersing agent in printing and dying, In the paper and textile industry for water-proofing as well as a corrosion inhibitor in oil wells, As an ore floating agent, fabric softener, anti-static agent, germicide, insecticide, emulsifier, anti-caking agent, lubricant and water treatment agent.

On the basis of product form, the global erucamide market is segregated into beads, powder & others. The beads segment is projected to expand at a rapid pace during the forecast period, as beads have good stability at high temperatures and provide effective slip properties. Erucamide beads have good stability at high temperatures. They provide extremely effective slip properties in polyolefin films.

Based on the function, the global Erucamide market is segmented into lubricants, anti-block agents, slip agents, anti-sticking agents, and others. The slip agent segment is expected to hold a significant share of the market during the forecast period, as they are widely used in the manufacture of polyolefin films. Erucamide that functions as a slip agent is often referred to as a slow bloom additive.

In terms of End-user, the global erucamide market is bifurcated into the plastic manufacturing industry, pharmaceutical Industry, ink and paint industry, rubber industry, and other industries. The plastic manufacturing industry segment is projected to expand at a significant pace, as erucamide enhances plastic manufacturing and makes them last longer. Erucamide additives play an important role in the production of plastic materials by improving the mechanical, thermal, and physical properties of polymers and making them last longer.

The outbreak of Coronavirus disease in 2019 (COVID-19) had a negative impact on the global erucamide market. Lockdown restrictions hampered the chemicals industry, which in turn, hampered the manufacture and supply chain of erucamide. Several companies faced low demand, less productivity, and supply chain disruption leading to an uneven supply of products. Health risks for workers and pandemic-related restrictions on the credit market were dominant issues during the COVID-19 situation. Global production of chemicals dropped by 2.4% in February 2020, with the Asia-Pacific posting a production decline of 3.9% in the same month. According to the National Bureau of Statistics of China, chemical manufacturing in China declined by around 20% compared to the last year, while profits declined by 66%.

As per growth market reports by industry analyst Divyanka Sankhe, “Advancements in the food packaging industry, such as edible packaging, smart packaging, anti-microbial packaging, self-cooling, and micro packaging are expected to increase the usage of erucamide. Erucamide is an essential material for food safety and the extension of food shelf-life.”

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing erucamide are shipped to manufacturers to process into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. Erucic Acid, Triglycerides, & Ammonia are the raw materials used in the manufacture of erucamide.

Key Takeaways from the Study:

The players in the Global Erucamide Market include Croda International Plc, Nippon Fine Chemical, Nouryon, Kao Corporation, PMC Biogenix Inc, SiCHUAN TIANYU OLEOCHEMICAL CO. LTD, PCC Group, Fine Organics, NANJING LEPUZ CHEMICAL CO. LTD, Toronto Research Chemicals Inc, SANCAI INDUSTRY CO., LTD, Haihang Industry, TCI Chemicals (India) Pvt. Ltd., and others.

Report Metric

Details

Market Value in 2021

US$ 335.2 Million

Market Growth Rate (from 2022 to 2031)

3.4%

Historical Data

2015 & 2031

Base Year

2021

Forecast Period

2022 – 2031

Units Considered

Value (US$ Million)

Market Segments

By product form, by purity type, by function, by end-user

Key Companies Profiled

Croda International Plc, Nippon Fine Chemical, Nouryon, Kao Corporation, PMC Biogenix Inc, SiCHUAN TIANYU OLEOCHEMICAL CO. LTD, PCC Group, Fine Organics, NANJING LEPUZ CHEMICAL CO. LTD, Toronto Research Chemicals Inc, SANCAI INDUSTRY CO., LTD, Haihang Industry, TCI Chemicals (India) Pvt. Ltd., and others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Plastic Industry, Rubber Industry, Ink & Paint

  • Regulatory Side: Approved regulatory bodies.

  • Associations and Industry Bodies: Environmental Protection Agency, Korea Existing Chemicals Inventory, Bureau of Indian Standards, Occupational Safety and Health Administration.