Azelaic Acid Market Size was valued at USD 0.2 Billion in 2022. The azelaic acid industry is projected to grow from USD 0.26 Billion in 2023 to USD 0.469 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). The main market drivers propelling this market are rising consumer health consciousness, advancements in medicine, and novel food products. Rising demand for biolubricants is projected to help azelaic acid's market expansion as well.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The expanding demand for skincare products that are organic and natural. Customers are searching for natural and organic skincare products as they become more conscious of the possible hazards connected to synthetic ones. The market is expanding as a result of the rising incidence of skin disorders. Azelaic acid has been demonstrated to be an effective treatment for skin problems like rosacea, hyperpigmentation, and melasma, which are growing increasingly prevalent. Acid-based products are expected to become more and more in demand as these situations become more common.
It is anticipated that rising demand for biolubricants will support azelaic acid's market expansion. Lubricants frequently use azelaic acid as a feedstock. Azelaic acid is produced using bio-based feedstock and is being utilized more and more in the production of biolubricants. Azelaic acid demand is anticipated to increase in tandem with the growing need for biolubricants. Lubricants of the past were made of petroleum-based oil and had a low degree of degradability. Furthermore, the accumulation of petroleum-based lubricants in water bodies and the harm they do to aquatic life pose environmental dangers. Thus, it is anticipated that in the near future, demand for biolubricants will be driven by growing awareness of environmentally friendly lubricant solutions. Over the course of the forecast period, the worldwide azelaic acid market is anticipated to rise due to the growing need for environmentally friendly substitutes for lubricants based on petroleum. For instance, because they have higher flashpoints, constant viscosities, and lower emissions of oil mist and vapor, biolubricants are safer than petroleum-based lubricants (Department of Ecology, Washington, U.S., 2011).
The growing use of these acids in the pharmaceutical sector is another driver of market expansion for azelaic acid. It is utilized in skincare items as well as in the treatment of several illnesses like hyperpigmentation and rosacea. The rising incidence of these illnesses is predicted to drive significant growth in the pharmaceutical sector by driving up demand for medications with acidic ingredients. It also serves as a food preservative, which promotes expansion in the food sector. Thus, driving the azelaic acid market revenue.
The azelaic acid market segmentation, based on product type includes Polymer Grade, Technical Grade, and Pharmaceutical Grade. The Pharmaceutical Grade segment dominated the market due to its extensive usage in the personal care, pharmaceutical, and cosmetics industries and its high purity. It is used in ointments to treat acne and rosacea in the pharmaceutical industry. Moreover, skin care products may contain it as an active bleaching or whitening ingredient. The growing need for skin care products will drive up demand for azelaic acids throughout the course of the projected period.
Figure 1: Azelaic Acid Market, by Product Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The azelaic acid market segmentation, based on application, includes Plastics, Lubricants, Electronics, Pharmaceuticals and Cosmetics, Personal Care, and Other Applications. The Pharmaceuticals and Cosmetics category generated the most income due to the increased demand for skincare products and dermatological procedures. This growth is being driven by the rising prevalence of skin conditions like rosacea and acne as well as the compound's effectiveness in reducing hyperpigmentation. Formulation advances and a preference for natural ingredients are driving up the need for azelaic acid in pharmaceuticals and cosmetics.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American azelaic acid market area will dominate this market The primary factors propelling the region's growth include the increasing prevalence of skin conditions like rosacea and ache, the growing preference for natural and organic skincare products, and the existence of major market players.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: AZELAIC ACID MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe azelaic acid market accounts for the second-largest market share. The region's sizable pharmaceutical industries, the rising demand for natural and organic skincare products, and the expanding knowledge of the chemical's benefits to skin health are all contributing causes to Europe's rise. Further, the German azelaic acid market held the largest market share, and the UK azelaic acid market was the fastest growing market in the European region
The Asia-Pacific Azelaic Acid Market is expected to grow at the fastest CAGR from 2023 to 2032 propelled by factors such as the region's expanding cosmetic enterprises, the rising demand for skincare products, and the growing awareness of its benefits. The increasing prevalence of skin conditions and disorders is another factor contributing to the market's upward trend. Moreover, China’s azelaic acid market held the largest market share, and the Indian azelaic acid market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the azelaic acid market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, azelaic acid industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the azelaic acid industry to benefit clients and increase the market sector. In recent years, the azelaic acid industry has offered some of the most significant advantages to medicine. Major players in the azelaic acid market are attempting to increase market demand by investing in research and development operations includes Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Emery Oleochemicals, Matrica, Croda Sipo (Sichuan) Co., Ltd., Nantong Hengxing Electronic Materials, Matrìca S.p.A., Croda Sipo, Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd, BASF SE, and Other.
Around the world, BASF SE is a chemical corporation. Chemicals, Materials, Industrial Solutions, Nutrition & Care, and Agricultural Solutions, Surface Technologies are the six business segments that make up the corporation. Petrochemicals and intermediates are supplied by the Chemicals section. The business and Contemporary Amperex TechnologyCo., Limited have strategic alliances for battery materials solutions, such as cathode active materials and battery recycling. Germany's Ludwigshafen am Rhein serves as the headquarters of BASF SE, which was established in 1865.
Aluminum electrolytic capacitor electrode foils are produced and marketed in the People's Republic of China by Nantong Haixing Electronics Co., Ltd. In addition to low voltage etched and formed foils, it produces medium and high voltage etched and formed foils. Located in Nantong, People's Republic of China, the corporation was established in 1977.
Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd.
Matrica
Croda Sipo (Sichuan) Co., Ltd.
Nantong Hengxing Electronic Materials
Matrìca S.p.A.
Croda Sipo
Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd
March 2023: Emery Oleochemicals declared that it is increasing the amount of azelaic acid it can produce at its Cincinnati, Ohio, facility. By the time this expansion is finished in 2024, the company's ability to produce azelaic acid will have doubled.
February 2023: A new range of skincare products containing azelaic acid is set to be developed by Matrica in collaboration with Collistar, an Italian cosmetics firm. Early in 2024 is when we anticipate launching this new product range.
Polymer Grade
Technical Grade
Pharmaceutical Grade
Plastics
Lubricants
Electronics
Pharmaceuticals and Cosmetics
Personal Care
Other Applications
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.2 Billion |
| Market Size 2023 | USD 0.26 Billion |
| Market Size 2032 | USD 0.469 Billion |
| Compound Annual Growth Rate (CAGR) | 7.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Emery Oleochemicals, Matrica, Croda Sipo (Sichuan) Co., Ltd., Nantong Hengxing Electronic Materials, Matrìca S.p.A., Croda Sipo, Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd, BASF SE, and Other |
| Key Market Opportunities | Rising interest in lubricants derived from renewable resources as opposed to petroleum |
| Key Market Dynamics | Increasing inclination towards using natural and efficient skincare products Increasing usage of these acids in the medical field |
Azelaic Acid Market Highlights:
Frequently Asked Questions (FAQ) :
The azelaic acid market size was valued at USD 0.2 Billion in 2022.
The market is projected to grow at a CAGR of 7.20% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., Emery Oleochemicals, Matrica, Croda Sipo (Sichuan) Co., Ltd., Nantong Hengxing Electronic Materials, Matrìca S.p.A., Croda Sipo, Hubei TuoChu Kangyuan Pharmaceutical Co., Ltd, BASF SE, and Other.
The Pharmaceutical Grade category dominated the market in 2022.
The Pharmaceuticals and Cosmetics category had the largest share in the market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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