What is the global market size of Linoleic Acid Market?

Global Linoleic Acid Market size was valued at USD 56.12 million in 2021 and is poised to grow from USD 61 million in 2022 to USD 129.24 million by 2030, growing at a CAGR of 8.7% in the forecast period (2023-2030).

Linoleic Acid Market Size, Share, Growth Analysis, By Grade(Food Grade, Industrial Grade), By End-use(Food, Construction, Personal Care, Adhesive & Sealants), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Linoleic Acid Market?

In 2021, Asia-Pacific dominated the global market for linoleic acid and is expected to do so during the analysis period. The growing use of safety coatings and rapid drying of alkyl & epoxy resin coatings in Japan, India, and China are driving regional market expansion. Europe, led by Italy, France, Spain, and Germany, will expect significant increases in Linoleic acid demand. Rapid advancements in natural cosmetic components, together with rising consumer interest in natural anti-aging skin care products, are likely to drive Linoleic acid demand in Europe. Increased building activity, fueled by the expansion of public infrastructure projects, can stimulate demand for paints and coatings, contributing to the growth of the North American Linoleic acid market.

Report ID: SQSG15E2037 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 65 | Figures: 75

Linoleic Acid Market Dynamics

Linoleic Acid Market Driver

Linoleic acid market growth is being driven by increasing demand in the paint and coatings industry. The acid is used to make quick-drying adhesives and sealants. It is also used to create color-retentive paints for automotive or marine designs to safeguard the environment.
Health beneficial properties of linoleic acid have also increased its demand in the food industry. A result of the rapid rise of these end-use industries will drive the linoleic acid market growth.

Linoleic Acid Market Restraint

Rising demand for vegetable oil in the food and beverage, biofuel, and paints industries may impact raw material supply for commercial production, thereby limiting industry profitability and influencing the linoleic acid market, and would slow the market growth.

Linoleic Acid Market Report Snapshots

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Linoleic Acid Market size was valued at USD 56.12 million in 2019 and is poised to grow from USD 61 million in 2023 to USD 129.24 million by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

The Linoleic acid market is relatively fragmented, with a high level of competition. Few large players, like Avantor Inc., Eastman Chemicals, and BASF SE, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'BASF SE', 'Cargill, Inc.', 'Dow Chemical Company', 'Wilmar International Limited', 'Archer Daniels Midland Company', 'Koninklijke DSM N.V.', 'Croda International plc', 'Eastman Chemical Company', 'Oleon NV', 'Cayman Chemical', 'Alpha Chemicals Pvt Ltd', 'Omega Protein Corporation', 'Gattefossé SAS', 'LobaChemie Pvt. Ltd.', 'VVF LLC', 'BioCell Technology LLC', 'FENCHEM', 'Health Genesis Corporation', 'Sisco Research Laboratories Pvt. Ltd.', 'Abitec Corporation'

Linoleic acid market growth is being driven by increasing demand in the paint and coatings industry. The acid is used to make quick-drying adhesives and sealants. It is also used to create color-retentive paints for automotive or marine designs to safeguard the environment.

Ethyl linoleic acid is an unsaturated fatty acid that is a linoleic acid derivative. It is utilized in cosmetics due to its antibacterial and anti-inflammatory characteristics, and it has been clinically demonstrated to be an excellent anti-acne agent. Consumer preference for organic components over synthetic chemicals, particularly in anti-aging cosmetics, will drive market expansion, as will the availability of a diverse range of premium natural skincare products.

In 2021, Asia-Pacific dominated the market for linoleic acid and is expected to do so during the analysis period. The growing use of safety coatings and rapid drying of alkyl & epoxy resin coatings in Japan, India, and China are driving regional market expansion. Europe, led by Italy, France, Spain, and Germany, will expect significant increases in Linoleic acid demand. Rapid advancements in natural cosmetic components, together with rising consumer interest in natural anti-aging skin care products, are likely to drive Linoleic acid demand in Europe. Increased building activity, fueled by the expansion of public infrastructure projects, can stimulate demand for paints and coatings, contributing to the growth of the North American Linoleic acid market.

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Linoleic Acid Market Size, Share, Growth Analysis, By Grade(Food Grade, Industrial Grade), By End-use(Food, Construction, Personal Care, Adhesive & Sealants), By Region - Industry Forecast 2024-2031

Linoleic Acid Market Dynamics

Linoleic Acid Market Report Snapshots

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