Organic Acids Market Growth 2017-2023 Leading Key Players – BASF SE , Cargill, The Dow Chemical Company , Eastman Chemical Company , Myriant Corporation

Organic Acids Market was valued at $16,837 million in 2016, and is expected to reach $29,197 million by 2023, registering a CAGR of 8.3% from 2017 to 2023. Organic acids are weak acids that do not completely dissociate in water when compared to mineral acids. Organic acids such as formic acid and lactic acid are miscible in water; however, higher molecular mass organic acids such as benzoic acid are completely insoluble in neutral form. Lactic acid and formic acid were traditionally produced by fermentation process, but development in biotechnology field and advances in chemical synthesis replaced the earlier fermentation process. Furthermore, various agro-industrial residues such as cassava bagasse, coffee husk, apple pomace, soybean, sugarcane, corn-cobs, press-mud, citric pulps, wheat bran, and kiwi fruit peel are being deployed for the production of organic acids.

The organic acids market is segmented based on type, end-user, source, and geography. On the basis of type, the organic acids market is classified into acetic acid, citric acid, lactic acid, formic acid, itaconic acid, succinic acid, gluconic acid, ascorbic acid, fumaric acid, and propionic acid. End-users covered in the study include food & beverage, animal feed, chemical & industrial, pharmaceuticals, personal care, agriculture, and others (including additives, textiles, etc.) By Source, the market is categorized into biomass, molasses, starch, chemical synthesis, and agro-industrial residue. Geographically, the market is analyzed across North-America, Europe, Asia-Pacific, and LAMEA.

Major Key Players of the Organic Acids Market are:
BASF SE , Cargill, The Dow Chemical Company , Eastman Chemical Company , Myriant Corporation , Celanese Corporation , Archer Daniels Midland Company , Henan Jindan Lactic Acid Technology Co. Ltd. , Tate & Lyle Plc. , E. I. Du Pont De Nemours and Company

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Development of food & beverage industry in Asia-Pacific fuels the demand for organic acids in this region. Moreover, rise in demand for organic acids in healthcare sector, increase in population and GDP growth are the major factors that drive the demand for organic acids. However, production of synthetic organic acids using nonrenewable sources (simultaneous fermentation and product recovery) poses hazardous threats to the environment, which has led to implementation of stringent regulations over their use, thus restraining the market growth. Increase in R&D to produce efficient organic acids from bio-based sources is anticipated to offer lucrative growth opportunity in the market.

Major Types of Organic Acids covered are:
Acetic Acid
Citric Acid
Formic Acid
Lactic Acid
Itaconic Acid
Succinic Acid
Gluconic Acid
Ascorbic Acid
Fumaric Acid
Propionic Acid

Major Applications of Organic Acids covered are:
Food & Beverage
Animal Feed
Chemicals & Industrial
Personal Care

Research objectives:-
- To study and analyze the global Organic Acids consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Organic Acids market by identifying its various sub-segments.
- Focuses on the key global Organic Acids manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Organic Acids with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Organic Acids Market Size
2.2 Organic Acids Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Organic Acids Market Size by Manufacturers
3.2 Organic Acids Key Players Head office and Area Served
3.3 Key Players Organic Acids Product/Solution/Service
3.4 Date of Enter into Organic Acids Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Organic Acids Sales by Product
4.2 Global Organic Acids Revenue by Product
4.3 Organic Acids Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Organic Acids Breakdown Data by End User

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In the end, Organic Acids industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Posted by on Tuesday August 20 2019, 5:17 AM EDT. All trademarks acknowledged. Filed under Chemicals, Chemicals & Materials. Comments and Trackbacks closed. Follow responses: RSS 2.0

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