Global Erucamide Market to register $257.3 Mn By 2020

Erucamide MarketErucamide Market

Zion  Market Research has published a new report titled “Erucamide Market for Food Packaging, Paper and Textile Industry, Surfactants, Printing & Dyeing and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the global eruca mi de 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 eruca mi de 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, eruca mi de is perfectly suited for most high-quality food packaging applications. It has stability at high temperature and high melting point. It shows the good property at the higher temperature in comparison with other amides.

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The slower blooming rate of Eruca mi de is very effective in roll stock applications, where a film that is excessively slippery leads telescoping of rolls and winding troubles. The slower exudation of Eruca mi de may result in more efficient corona treatment. Furthermore, eruca mi de 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 Eruca mi de market. Thus, escalating application in pharmaceutical and food packaging and an untapped Asia-Pacific market is expected to offer new growth prospects for the global eruca mi de market within the forecast period.  However, stringent regulations on the usage of Eruca midge 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 the major restraint for an erucamide market. Furthermore, advancement in the slip additives is expected to provide new growth avenues to the market in the near future.

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Based on application, the Eruca mi de 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 Eruca mi de 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.

Asia Pacific eruca mi de market led the global industry with share more than 39.5% in 2014. This region expected to continue its dominance in an erucamide market over the forecast period. Europe was another leading regional market for Eruca mi de. Strong demand for Eruca mi de 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 Eruca mi de market include BASF SE, PMC Group, Nanjing Xinxu Industry Co., Ltd., ICC Chemical Corporation, Engine International Limited and Haihang Industry Co., Ltd.

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