** U.S (New York) According to Report Ocean recently released its “Organic Acids Market ” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
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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Who is the largest manufacturers of Organic Acids Market Worldwide ?
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
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
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Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
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.
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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.
Key Market 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
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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