The global Polymer Grade Azelaic Acid Market rising need to improve the performance characteristics of high molecular weight polymers by boosting their low-temperature properties with no sacrifice in high-temperature performance is the critical driver for the growth of the market. There is a growing demand for this acid in the manufacture of nylon, polyester, and urethane polymers. It provides better control over processing and end product characteristics at a lower cost. Azelaic acid-base stocks, extensively adopted for compounded lubricants and greases used in military, commercial aircraft engines, and space vehicle instruments, will provide lucrative market growth opportunities. The rapid growth in this acid’s miscellaneous applications as it is safe for the environment will be a market booster. The fluctuating price of raw materials will have a significant impact on market growth.
The major players in the polymer grade azelaic acid market include Emery Oleochemicals, Matrica SpA, BASF, Croda Sipo, Ninghai Zhonglong, Jiangsu Senxuan, Nantong Hengxing Electronic Materials, Shandong Clearwill, and Hubei Tuochu.
By Product
- 80%-90%
- >90%
By Application
- Plastics
- Lubricants
- Electronics
- Others
The Polymer Grade Azelaic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/polymer-grade-azelaic-acid-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.