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Global Organic Acid Market Analysis & Opportunity Outlook 2021

Published On : 05:59 AM, 29th November, 2017 REP-ID-81 Category: Chemicals and Materials

Organic compounds possessing acidic properties are termed as organic acids. As the name suggest, these organic acids have at least one carbon atom in its structure, which makes them organic. These acids are used in manufacturing of wide range of products in food (canned tomatoes, vinegar, sodas, etc.), leather tannin, pharmaceutical, and chemical industry (for manufacturing organic chemicals).

The global organic acid market is anticipated to witness a substantial compound annual growth rate (CAGR) of 6.1% from 2015 to touch USD 9.5 Billion by the end of 2021. Regionally, the global organic acid market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row). 

Market Segmentation

By Type

  • Acetic acid
  • Formic acid
  • Citric acid
  • Lactic acid
  • Propionic acid
  • Gluconic acid
  • Others

By Source

  • Biomass
  • Starch
  • Chemical synthesis
  • Molasses

By Application

  • Petrochemicals
  • Food & Beverages
  • Textile and adhesives
  • Pharmaceuticals
  • Others

Growth Drivers and challenges

On the back of expanding food & beverage and pharmaceutical industry, the demand for organic acid is likely to escalate over the forecast period i.e. 2015-2021.

In addition to that increasing research and development and innovation of new technology such as micro-encapsulation, is also envisioned to bolster the global organic acid market over next 4-5 years.

However, stringent government sources to control manufacturing of organic acids from non-renewable sources is anticipated to restrain the global organic acid market growth in future.

Market Size and Forecast

Regionally, Asia-Pacific has the lion’s share in the global organic acid market and the region is further anticipated to witness the highest CAGR during the forecast period of 2015-2021. Asia-Pacific organic acid market is sparked by increasing industrialization and rapidly expanding population in countries such as India and China.

North America and Europe organic acid market is witnessing a sluggish expansion owing to formulation of many stringent regulations to curb use of many synthetic acids. However, escalating demand of bio-organic acids is anticipated to propel the growth of North America and Europe organic acid market in future.

Key Players

Global organic acid market includes some of the top players such as Cargill, he Dow Chemical Company, BASF SE, Tate & Lyle Plc, Myriant Corporation, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By Type
  • By Source
  • Application
  • By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

             Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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