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Global Behenic Acid Market Outlook 2031

 

Behenic Acid Market: Introduction

·         Behenic acid, which is also known as docosanoic acid, is a carboxylic acid. It is a saturated fatty acid with chemical formula of C21H43COOH. Behenic acid had 22 carbon atom chains. Behenic acid consist of white color powder or crystals. It has melting point and boiling point of 80°C and 360°C, respectively.

·         Behenic acid is often used to give moisturizers and hair conditioners their smoothing properties. It is also used in lubricating oils and as a solvent evaporation retarder in paint removers. Behenic acid’s amide is used as an anti-foaming agent in detergents, dripless candles, and floor polishes.

·         Pracaxi oil, which is extracted from the seeds of Pentaclethra macroloba, is a natural product with one of the highest concentrations of behenic acid. Behenic acid is found in many foods including macadamia nut, opium poppy, tamarind, and black elderberry.

Key Drivers and Restraints of Global Behenic Acid Market

·         Behenic acid is extensively employed in cosmetics. As a fatty acid, behenic acid plays an important role in providing a protective barrier against the environment in order to maintain good skin quality. In skincare, behenic acid has lubricant, emollient, and soothing properties. These help restore the skin’s natural oils and improve the overall level of hydration. Furthermore, this sebaceous fatty acid is favorably soluble against the skin’s surface, making it a desirable ingredient to infuse into skincare formulas. Thus, growth of the cosmetics industry across the globe is expected to drive the global behenic acid market during the forecast period.

·         Behenic acid is also employed in detergents. It is used as an anti-foaming agent in detergents. The detergents market is expected to expand during the forecast period owing to the increase in demand for laundry cleaning products.

·         Availability of substitutes is a major restraint of the global behenic acid market. Behenic acid is a cholesterol-raising saturated fatty acid in humans. Dietary behenic acid (22:0) is poorly absorbed because of its low bioavailability compared to other fatty acids. Hence, it can be substituted by monocarboxylic acid or derivatives, carboxylic acids, carboxylic acid derivatives, organic oxide, etc.

Behenic Acid: Segments

·         The global behenic acid market can be segmented based on purity, application, and region

·         In terms of purity, the global behenic acid market can be classified into 85%, 90%, 95%, 98%, and 99%

·         Based on application, the global behenic acid market can be divided into cosmetics, detergents, textiles, food additives, and others

·         In terms of region, the global behenic acid market can be categorized into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America

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COVID-19 Impact on Behenic Acid Market

·         On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.

·         The COVID-19 pandemic has affected all major industries across the globe. Manufacture of oil & gas, food & beverages, etc. across the globe came to a halt due to the unavailability of raw materials and shortage of labor during the. This has hampered the demand and supply of behenic acid, thereby negatively affecting the behenic acid market.

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North America to Dominate Behenic Acid Market

·         In terms of region, the global behenic acid market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         North America is an emerging region in terms of consumption of behenic acid due to significant growth of cosmetics, detergent, and textile industries in the region  

·         In terms of geography, the global behenic acid market in countries, such as India, China, and Japan in Asia Pacific is expanding at a significant pace due to the rise in disposable income of consumers, increase in population, and improvement in standard of living

·         The market in countries in Europe, such as the U.K., Germany, and France, are expected to witness rapid growth during the forecast period

·         Demand for behenic acid is increasing considerably in countries such as Brazil and Mexico in Latin America

·         Emerging countries and regions across Middle East & Africa such as South Africa, GCC, and Egypt have introduced various schemes for behenic acid. This, in turn, is anticipated to drive the behenic acid market in Middle East & Africa.

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Key Manufacturers Operating in Global Behenic Acid Market

The global behenic acid market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global behenic acid market include:

·         Koster Keunen

·         Croda

·         KLK OLEO

·         Global Seven (Ethox Chemicals)

·         Phoenix Chemical

·         Acme-Hardesty

·         Godrej Industries Limited

·         Vvf (India) Ltd

·         Prakash Chemicals International Pvt., Ltd.

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