Organic Acid Industry - Regional Synopsis
North America Market Statistics
Regionally, the global organic acid market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to dominate majority revenue share by 2037, attributed to the growing demand for organic acid in the chemical industry. For instance, in 2021, the value of chemical shipment in the United States was estimated to be around USD 750 billion. Additionally, the presence of major key players and rising R&D in the production of efficient organic acids are projected to propel the growth of the market over the forecast period.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of organic acid is evaluated at USD 12.9 billion.
Organic Acid Market size was valued at USD 12.35 billion in 2024 and is expected to reach USD 23.87 billion by 2037, expanding at around 5.2% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to dominate majority revenue share by 2037, attributed to the growing demand for organic acid in the chemical industry.
The major players in the market are Tate & Lyle PLC, BASF SE, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co. Ltd., Cargill, Incorporated, Celanese Corporation, Myriant Corporation, and others.
