Global Organic Acids Market

Dec 2018| VMR890A| Verified Market Research

Report Highlights

Global Organic Acids Market
By Product (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid, Malic Acid), Application (Food & Beverages, Feed, Industrial, Pharmaceutical, Others), and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) – Market Size, Status and Forecast to 2025

Market Analysis:
The global organic acids market was valued at USD 8.29 billion in 2016 and is projected to reach USD 14.10 billion by 2025, growing at a CAGR of 5.4% from 2017 to 2025.

Market Definition:
Organic acids are compounds with a carbon skeleton. The demand for these compounds is expected to increase gradually owing to growing application in food & beverage industries. The rise of packaged and convenience food is expected to have a positive impact on market demand of organic acids.

Market Dynamics:
1. Market Drivers
1.1 Growing demand for convenience food
1.2 Increase in demand for micro-encapsulation
2. Market Restraints
2.1 Fluctuating raw material price and technological barriers
2.2 High cost and poor supply chain

Market Segmentation:
The global organic acids market is segmented on the basis of process, end-use industry, and region.
1. Global Organic Acids Market, by Product:
1.1 Silica
1.2 Waxes
1.3 Thermoplastics
1.4 Others

2. Global Organic Acids Market, by Technology:
2.1 Solvent Based technology
2.2 Water based Technology
2.3 Powder Coating
2.4 Radiation Cure & High Solids

3. Global Organic Acids Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Cargill
2. EI Du Pont De Nemours
3. Archer Daniels Midland Company
4. Corbion N.V.
5. Daicel Corporation
6. Eastman Chemical Company
7. BASF SE
8. DOW Chemical Company
9. Henan Jindan Lactic Acid Technology Ltd.
10. Celanese Corporation
11. Nutreco N.V.
12. Tate & Lyle

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the organic acids market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
CUSTOM RESEARCH

Need a custom data table, graph or complete report? Tell us more.

Contact Us
Share This Report