Pelargonic Acid Market to Gain $387.2 Million, by 2033 with 7.2% CAGR: States The Brainy Insights [Yahoo! Finance]
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Source: Yahoo! Finance
The pelargonic acid market in the Asia Pacific region has been growing because of increased product innovation and the agriculture industry's growing need for bio-based products. Newark, March 18, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 193.2 million pelargonic acid market will reach USD 387.2 million by 2033. Pelargonic acid, which is often referred to as nonanoic acid, is a naturally occurring fatty acid that can be found in a variety of plant and animal sources. Its molecular formula is C9H18O2. It is extensively utilised in various applications, such as flavours, lubricants, plasticizers, and herbicides. Due to pelargonic acid's adaptable qualities and growing end-use sectors, the market has grown significantly in recent years. The growing need for herbicides is an important driver of the market's expansion. Herbicides based on pelargonic acid have become increasingly popular because they work well at controlling weeds, especially in organic farming.
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