Erucic Acid Prices

Erucic Acid Prices December 2023

The price of erucic acid in Germany in the fourth quarter of 2023 reached 4622 USD/MT. The market maintained a stable position on the lower end as compared to the previous quarters. During the fourth quarter, a decline in the skilled labor was experiences on account of the racial tensions prevailing in Europe, this further led to disrupted production schedules.

Erucic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Erucic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of erucic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of erucic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of erucic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing erucic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Erucic Acid Market Analysis

The global erucic acid market size reached 223.6 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 318.6 Thousand Tons, at a projected CAGR of 4.00% during 2023-2032.

• The growing use in the personal care and cosmetics is one of the key factors propelling the erucic acid market. According to the IMARC GROUP, the global beauty and personal care product reached US$ 506.2 Billion in 2023, and is expected to reach US$ 759.3 Billion by 2032, expanding at a CAGR of 4.5% during 2024-2032. Erucic acid, which originates from sources such as rapeseed oil is extremely beneficial due to its emollient properties making it a popular ingredient for use in numerous cosmetics and skin care products. The protective barrier it provides on the skin helps to seal moisture, which is one of the most wanted qualities in lotions, creams and anything moisturizing. Additionally, the smooth texture of erucic acid and its ability to smoothly blend with others make it attractive for formulations such as lipsticks, shampoos, and conditioners too. On account of the awareness about the benefits of natural and organic ingredients in personal care products, the demand for erucic acid continues to rise. Most consumers are seeking products which are effective, efficient and organic. Erucic acid is a naturally occurring substance and thereby also meets the evolving demands of consumers. Further, the increasing middle-class population in emerging economies along with rising disposable income is leading to a rise in the expenditure on personal care products which drives demand for erucic acid.
• Moreover, increasing product demand from the industrial sector is also highly likely to propel the erucic acid market. It is widely used to produce high-performance lubricants and plasticizers on account of its molecular weight and exceptional thermal stability. As per the IMARC GROUP, the global lubricants market has reached US$ 136.1 Billion in 2023, and is expected to reach US$ 197.6 Billion by 2032, exhibiting a CAGR of 4.1% during 2024-2032. Furthermore, erucic acid, in particular is also used for the production of lubricants meant to be used on high-temperature machinery/automotive engines as it has low viscosity and thus helps reduce wear and tear which further extends the life of the machinery. Other than this, the rising demand for sustainable and biodegradable alternatives in the industrial sector is driving the demand for erucic acid.

Erucic Acid News

The report covers the latest developments, updates, and trends impacting the global erucic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in erucic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the erucic acid price trend.

Product Description

Erucic acid refers to a monounsaturated omega-9 fatty acid, chemically known as cis-13-docosenoic acid. It is majorly found in the seeds of certain Brassicacease family plants, including wallflower, mustard, and rapeseed. High erucic acid rapeseed (HEAR) varieties are particularly cultivated for their high fatty acid, which can take up to 50% of the oil content in these seeds.

Since erucic acid has distinctive chemical properties, it is widely used in various industries. For the personal care and cosmetics industry, capric triglycerides are used as an emollient to assist maintain moisture levels within many lotions, creams and lipsticks as well as other hair conditioning products. Smooth in texture it is a vital ingredient to these formulations ensuring the final ingredients are all well integrated.

Another area of product utilization is in the synthesis of high-performance lubricating oils and plasticizers. Due to its high molecular weight and thermal resistance, PAO is particularly used in applications that require extremes of cold or heat, such as automotive engine oils, industrial gear oils.

Regional Coverage

The report provides a detailed analysis of the erucic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the erucic acid price trend. 

Global Erucic Acid Price

The report offers a holistic view of the global erucic acid pricing trends in the form of erucic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of erucic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed erucic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Erucic Acid Price

The European erucic acid market remained stable but on the lower end compared to the previous quarter. Initially, producers increased their prices due to strong orders from cosmetics manufacturers, driven by the demand for oil-based cosmetics during the winter. However, production costs also rose because of a 2% increase in rapeseed oil prices, prompted by strong demand in the EU market.

This analysis can be extended to include detailed erucic acid price information for a comprehensive list of countries.

North America Erucic Acid Price

Erucic acid prices in the North American market remained stable but on the lower side compared to the previous quarter. At the start of the quarter, prices increased due to moderate to low stock availability and a boost in consumption following the New Year holidays. Additionally, there was strong demand from biofuel manufacturers using erucic acid as a precursor for Biodiesel blending. Midway through the quarter, prices fell due to moderate demand, ample availability of previous stocks, and cautious buying activities. During this period, Rapeseed prices dropped because of an oversupply of sunflower oil, which lowered erucic acid production costs.

Specific erucic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Erucic Acid Price

The erucic acid market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. It has led to limited self-consumption and low exports, resulting in downward price trends. Furthermore, the region is experiencing challenging economic conditions and a liquidity crisis, leading to a further decline in market activity and purchasing power.

In addition to region-wise data, information on erucic acid prices for countries can also be provided.

Asia Pacific Erucic Acid Price

The Erucic Acid market in the APAC region experienced a mixed situation, with prices rising compared to the previous quarter. Early in Q1, imports were disrupted by supply chain issues and increased ship traffic, caused by attacks on vessels and oil tankers passing through the Red Sea in the Middle East. Meanwhile, there was strong demand from cosmetics manufacturers due to the need for oil-based cosmetics during the winter.

This erucic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Erucic Acid Price

The analysis of erucic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of erucic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting erucic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The erucic acid price charts ensure our clients remain at the forefront of the industry.