Business Network New York
Companies:51,220
Products and Services:2,593 (+1)
Articles and publications:26,869 (+3)
Tenders & Vacancies:17

Carboxylic acid market to reach valuation of us$ 26.7 bn by 2031
Information is out of date

5/27/2021
Transparency Market Research delivers key insights on the global carboxylic acid market.

Carboxylic Acid Market: Introduction

Transparency Market Research delivers key insights on the global carboxylic acid market. In terms of revenue, the global carboxylic acid market is estimated to expand at a CAGR of 6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global carboxylic acid market.

The emergence of bio-based chemicals is likely to hamper the global carboxylic acid market during the forecast period. On the other hand, increase in demand for carboxylic acid in material sciences and food & beverages is expected to drive the global carboxylic acid market over the next decade, as carboxylic acid is extensively employed in these industries.

Request for sample-

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1158

Carboxylic Acid Market: Dynamics

The demand for carboxylic acid is increasing for the manufacture of food products. The global food processing industry has been continuously developing and expanding. It is a highly demanding industry, as processed food accounts for 80% of global food sales. The packaged food industry is a leading segment of the global food processing industry. Carboxylic acid is widely used as flavor enhancer in processed food. It offers fruity taste in food when esterified by combining it with alcohol.

Carboxylic acid is an important ingredient used in the livestock industry. Livestock farming is a highly adopted profession in the modern global economy. It holds a strong position in the meat and dairy industries. Consumption of animal meat has been rising across the globe. This trend of increasing meat consumption is expected to continue during the forecast period. Carboxylic acid plays a major role in the livestock industry. It is employed as animal feed and improves animal growth. The expansion of the livestock industry in developed and developing economies is boosting the global carboxylic acid market.

Carboxylic acid is used as a raw material in the production of lubricants. Lubricants are employed in a wide range of applications. For instance, they are employed in antiwear, antioxidants, and antifoaming agents. Market players are focusing on the development of bio-based lubricants and targeting a new price-based market by strategically positioning products and adopting lucrative pricing policies from a viable diversification option.

Request for covid19 impact analysis –

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1158

A large part of the world is slowly transitioning from an economy dependent on fossil fuel to one that is more environmentally sustainable, centered on biomass. Countries have started focusing on bio-based chemicals from various biomass sources in order to meet the demand for chemicals. Thus, emergence and rise in usage of bio-based chemicals as an alternative to petrochemicals products due to various factors is anticipated to the restrain the market in the near future.

Carboxylic Acid Market: Prominent Regions

Asia Pacific dominates the global carboxylic acid market. Material sciences and food & beverages industries in the region are estimated to expand at a rapid pace between 2021 and 2031. This, in turn, is projected to boost the demand for carboxylic acid in Asia Pacific.

China is anticipated to be highly attractive country of the carboxylic acid market in Asia Pacific during the forecast period. The food & beverages sector in China is witnessing strong growth, owing to rise in income of the people in the country. This is propelling the demand for food additives, thereby driving the carboxylic acid market.

North America is likely to be another highly attractive region of the global carboxylic acid market during the forecast period. The U.S. held a major share of the carboxylic acid market in North America in 2020. Investments in the material sciences sector have increased in the U.S. in recent years. This is driving the demand for carboxylic acid in the material sciences sector in the country.

Buy now-

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1158

Carboxylic Acid Market: Key Players

Major players operating in the global carboxylic acid market are BASF SE, Celanese Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., Eastman Chemical Company, Thirumalai Chemicals Ltd., Alfa Aesar, Ashok Alco - chem Limited, Finetech Industry Limited, OXEA, VanDeMark Inc., Shenyang Zhangming Chemical Co., Ltd., VVF LLC, and Perstorp Holding AB (Perstorp).

Global Carboxylic Acid Market: Segmentation

Carboxylic Acid Market, by Product

  • Acetic Acid
  • Propionic Acid
  • Butyric Acid
  • Isobutyric Acid
  • Valeric Acid
  • Isovaleric Acid
  • Caproic Acid

Carboxylic Acid Market, by End User

  • Food & Beverages
  • Animal Feed
  • Flavors & Fragrances
  • Material Sciences
  • Life Sciences
  • Lubricants

Carboxylic Acid Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

More Trending Report-

https://www.prnewswire.com/news-releases/high-demand-from-the-construction-industry-to-favour-growth-of-the-rdp-powder-market-tmr-301238419.html

view all (1037)

Other articles and publications:

A report by Transparency Market Research states that growing consumption of vinyl acetate in food and beverages sectors is the major factor that is propelling the growth of carboxylic acids market
5/6/2021
In terms of value, the global animal feed amino acids market is anticipated to expand at a CAGR of ~5% from 2019 to 2027.
8/31/2021
Smart polymers market to reach valuation of us$ 27 bn by 2030 - TRANSPARENCY MARKET RESEARCH
4/23/2021
The global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast period
5/25/2021
In terms of value, the global biostimulants market is anticipated to expand at a CAGR of ~12% from 2019 to 2027.
6/9/2021
In terms of value, the global succinic acid market is anticipated to expand at a CAGR of ~7% from 2019 to 2027
7/5/2021

Articles and publications of other companies:

To help the marketers open the mobile publishing market and reach the mobile readers, now PubHTML5 developed a new features for user that they can now publish the interactive magazine as Android App.
4/2/2017
The growth in the HVAC market is gathering pace rapidly and shows no signs of slowing down anytime soon.
11/2/2017
Global IoT Solutions Market for Energy Industry stood at US$9,300.9 mn in 2016 and is likely to rise to a valuation of US$94,011.8 mn by 2025.
3/30/2020
IMPORTANCE OF INVESTING IN VIRAL MARKETING IMPORTANCE OF INVESTING IN VIRAL MARKETING
Information may not be reliable
Do you think that investing in viral marketing can profit you? If you are still skeptical about the benefits of viral marketing, know its importance here.
4/13/2017
Marketers can now create digital flipbooks easily with the help of FlipHTML5’s software and reach out to the potential customers on a global platform.
4/19/2017
Idol Tan can be a perfect solution for artificial tanning. If you are afraid of skin damage by getting soaked in the sun, this is the most effective sunless self-tanning product in the market.
7/27/2017
Business details
  • +1 (518618) 103-0
  • Office No. 501-A, 5th Floor, VANTAGE 9 S. No. 36/1/1, Baner, Pune, Maharashtra 411045
Market Research Company
×