Global Erucamide Market Will Growing at 3.2% CAGR from 2014 to 2020
Zion Research has published a new report titled “Erucamide Market for Food Packaging, Paper and Textile Industry, Surfactants, Printing & Dying and Other applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the global erucamide market was valued at approximately USD 213.6 Million in 2014 and is expected to reach approximately USD 257.3 million by 2020, growing at a CAGR of around 3.2% between 2015 and 2020. In terms of volume, global erucamide market stood at 421.2 Kilo Tons in 2014.
Erucamide is an unsaturated long chain carboxylic acid amide. Erucamide fatty acid derivatives are the most common slip agents employed in anti-fogging or lubricant for plastic films. it is derived from non-animal sources and more thermally stable than oleamide. Due to the chemical stability and low volatility, erucamide is perfectly suited for most high quality food packaging applications. It has stability at high temperature and high melting point. It shows good property at higher temperature in comparison with other amides.
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The slower blooming rate of erucamide is very effective in roll stock applications, where film that is excessively slippery leads telescoping of rolls and winding troubles. The slower exudation of erucamide may result in more efficient corona treatment. Furthermore, erucamide finds extensive application in dye dispersants, high grade lube-oil, anti-fog and waterproof agent for paper making and textile industries, metal-wire drawing lubricant agent and foam-stabilizer among others.
Growth in the usage of plastic films and sheets and increasing demand from food packaging industry are key factors are projected to be major demand drivers in the erucamide market. Thus, escalating application in pharmaceutical and food packaging and untapped Asia-Pacific market is expected to offer new growth prospects for the global erucamide market within the forecast period. However, stringent regulations on the usage of erucamide owing to its toxic effects on health are expected to hamper the market growth during the forecast period. Hence, this factor is expected to be major restraint for erucamide market. Furthermore, advancement in the slip additives is expected to provide new growth avenues to the market in the near future.
Based on application, the erucamide market has been segmented into food packaging, paper and textile industry, surfactants, printing & dying and others (emulsifier, lubricants etc.). Food packaging segment was the largest segment with over 67.3% share of the global market in 2014. Growing demand for food packaging across the world is expected to drive the demand for erucamide across the world. Surfactants are another leading segment constituted 9.0% of the market share in 2014. This segment is expected to experience moderate growth in the years to come.
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Asia Pacific erucamide market led the global industry with share more than 39.5% in 2014. This region expected to continue its dominance in erucamide market over the forecast period. Europe was another leading regional market for erucamide. Strong demand for erucamide in food packaging market from Germany, UK and European countries expected to boost market growth in this region over the forecast period. North America is expected to show witness significant growth in the near future.
Key players in the erucamide market include BASF SE, PMC Group, Nanjing Xinxu Industry Co., Ltd., ICC Chemical Corporation, Angene International Limited and Haihang Industry Co., Ltd.
Global Erucamide Market: Application Segment Analysis
- Food Packaging
- Paper and Textile Industry
- Printing and Dying
- Others (Emulsifier, Lubricants etc.)
Global Erucamide Market: Regional Segment Analysis
- North America
- Czech Republic
- Asia Pacific
- New Zealand
- Saudi Arabia
- Taiwan R.O.C.
- United Arab Emirates
- Latin America
- Costa Rica
- El Salvador
- Middle East & Africa
- South Africa
- United Arab Emirates
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