Report Ocean has recently published the “Organic Acids Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
Organic acids are compounds which possess acidic properties. Carboxyl acids are the most commonly used organic acids, which comprise carboxyl group with long carbon chain. Organic acids produced by replacing one hydroxyl group in sulfuric acid are sulfonic acids such as toluene sulfonic acid and methane sulfonic acid. Carboxyl acids are weak organic acids, whereas sulfonic acids are among the strongest acids. Some of the commonly used organic acids include acetic acid, lactic acid, citric acid, ascorbic acid, and others. The market for organic acids has considerably grown in the recent years in developing nations such as China, India, Brazil, and others, owing to increase in investments in chemicals, petrochemicals, and oil & gas industries.
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Moreover, organic acids such as acetic acid and formic acid are extensively deployed in oil & gas well stimulation treatments. These acids owing to their less reactive property with metals inhibit the formation of corrosion layer between acid and pipe. Therefore, they are widely used during perforation, when acid and pipe come in contact for a long time to prevent corrosion. The aforementioned properties of organic acids are expected to drive the growth of the market. The market for renewable organic acids is also driven by the stringent environmental regulations imposed by regulatory bodies of various nations on conventional organic acid manufacturers. Furthermore, increase in production of organic acids from biomass (renewable source) as an alternative to fossil fuel-derived chemicals is another factor that fuels the market growth.
The organic acids market is segmented based on type, end-user, source, and geography. On basis of type, the market is classified into acetic acid, citric acid, lactic acid, itaconic acid, succinic acid, gluconic acid, ascorbic acid, fumaric acid, and propionic acid. The citric acid segment holds the largest share in 2016, and is expected to grow throughout the forecast years. The pharmaceutical segment is estimated to grow at a significant CAGR of 15% during the analysis period. 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. Asia-Pacific accounted for nearly half of the share of the total revenue in 2016, followed by North America and Europe.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current & emerging trends, estimations, and opportunities during the forecast period in the organic acids market.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Comprehensive regional analysis of the market based on primary and secondary sources is provided.
Extensive analysis of the market is conducted by following key product positioning and by monitoring the top competitors.
The report provides key insights on strategic analysis of various companies and value chain analysis of the market.
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Key market players have invested in R&D activities to develop advanced products to cater the demand in various end-user industry. The key players in the organic acids market include:
BASF SE
Cargill, Inc.
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
Other players in the value chain (profiles not included in the report) include:
Carbion
BioAmber
Genomatica
Senvia Chemicals
NatureWorks LLC
SIM Chemical
Discovery Fine Chemicals
Synbra
Galactic
Organic Acids Market Key Segments:
By Type
Acetic Acid
Citric Acid
Formic Acid
Lactic Acid
Itaconic Acid
Succinic Acid
Gluconic Acid
Ascorbic Acid
Fumaric Acid
Propionic Acid
By Source
Biomass
Molasses
Starch
Chemical Synthesis
Argo-Industrial Residue
By End-Users
Food & Beverage
Animal Feed
Chemicals & Industrial
Pharmaceuticals
Personal Care
Agriculture
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Argentina
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
- The report may provide data on the current market size, historical data for previous years, and projections for future growth.
- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
- The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
- This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
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- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
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- What are the emerging trends and opportunities in the market?
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- What are the regulatory and legal factors impacting the market?
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