Bi-functional acids are important building blocks in plastics, lubricants, electronics, textiles, cosmetics and pharmaceuticals. Circular industries is aiming to produce these important molecules by applying renewable feedstocks. The vision of being carbon neutral in these building blocks is key to our R&D program. Innovative reaction systems in combination with bio-technology will set new standards in the global industry.
The industrial relevant spectrum of bi-functional acids encompasses a region of C4 to C20 in terms of molecular weight, but new and untapped molecular structures will lead to new material science and applications.
Our team’s work in C9 (Azelaic Acid) applications is very specific and advanced. The growth in global demand supports our strategic interest in this unique molecule.
The worldwide market for Azelaic Acid is expected to grow at a CAGR of roughly 7.7% over the next five years, will reach 210 million USD in 2024, from 130 million USD in 2019, according to a new research study.