Organic Acids Market - Global Industry Analysis

Organic Acids Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-1312 Status : Upcoming

Description

Global Organic Acids Market: Overview

An organic compound possessing acidic properties is known as organic acid. The commonly known organic acids are whose acidity is related to the carboxyl group –COOH inhibited by them. Sulfonic acids, that is, acids with –SO2OH group, are relatively stronger acids. Also, alcohols with–OH group can also act as acids but are rather very weak acids. The acidity of the conjugate base of the acid is determined by its relative stability. Uric acid, acetic acid, citric acid and lactic acid are commonly used organic acids. They are used in several commercial applications such as dyes, surfactants catalysts and others. Formaldehyde can be used as an antimicrobial agent whereas glycerine is used as an energy source in the production on of organic acids. Few organic acids are obtained by the fermentation process of numerous microorganisms and are extensively used in food and beverages industry. Sulfuric acid, proteins, amino acids, salts of acids, oil, enzymes and other feedstock are used in the production of organic acids. Some major end user industries for organic acids include pharmaceuticals, food & beverages, textile and adhesives, petrochemicals and others.

Global Organic Acids Market: Growth Factors

Food & beverages industry is the largest consumer of organic acids driving the global organic acids market to some extent. Increasing population and GDP growth in the developing economies are influencing the demand for organic acids. The pharmaceutical industry has a great demand for organic acids, which may open up new growth opportunities in the global market in future. Huge investment on research and development activities in order to produce efficient organic acids from bio-based sources is further contributing to the growth of the global market. However, several synthetic organic acids are obtained from non-renewable sources that are hazardous to the environment; this may hamper the global organic acids market growth to some extent.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Organic Acids Market: Segmentation

The global organic acids market is categorized based on the application as food, industrial and feed. Based on the source, the global market is fragmented as starch, biomass, chemical synthesis and molasses. On the basis of types, the global organic acids market is segmented as gluconic acid, acetic acid, formic acid, fumaric acid, lactic acid, citric acid, propionic acid and other acids.

Global Organic Acids Market: Regional Analysis

Asia Pacific contributed for the largest market share and is expected to continue this trend in the near future. India and China are largest market players in terms of consumption of organic acids, which in turn drives the global market. Escalating growth in Asia Pacific coupled with growing food & beverages, pharmaceutical and other industries is anticipated to propel the organic acids market in this region. However, strict regulations implemented to control the use synthetic organic acids are expected to negatively impact the market growth in North America and Europe. And thus, biobased organic acids are anticipated to open new growth opportunities in North America and Europe.

Global Organic Acids Market: Competitive Players

Major players in the global organic acids market are The Dow Chemical Company, BioAmber, DSM Cargill, and Genomatica.

Global Organic Acids Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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