DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Aspartic Acid Market Analysis By Application (Feed Supplements, Medicine, Polyaspartic Acid, Aspartame, L-Alanine) And Segment Forecasts To 2022" report to their offering.
The Global Aspartic Acid Market is expected to reach USD 101.0 million by 2022.
Increasing aspartame demand in the form of artificial sweetener from food & beverages industry is expected to remain a key driving factor for the global market. Shift in trend towards convenience food & beverage consumption globally is also expected to have a positive influence on the market growth over the forecast period. High cost of major raw materials such as fumaric acid is expected to remain a key challenge for market participants.
Polyaspartic acid was the largest application segment and accounted for 22.6% of total market volume in 2014. Increasing demand for polyaspartic acid in the form of biodegradable polymer for replacing polyacrylic acid from major end-use industries such as agriculture, water treatment systems and petrochemical industry is expected to drive this segment. Polyaspartic acid was closely followed by aspartame which emerged as the second largest application segment for aspartic acid. Medical is expected to witness the highest growth of 6.2% from 2015 to 2022.
North America emerged as the largest regional market and accounted for 39.0% of total market volume in 2014. Presence of sophisticated healthcare infrastructure in the U.S. coupled with increasing artificial sweetener on account of growing consumer awareness is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to register the highest growth rate of 7.3% from 2015 to 2022. China was the leading aspartic acid consumer in Asia Pacific. Increasing sweeteners demand from carbonated beverages particularly in India and China is expected to drive the regional market over the forecast period.
Key Topics Covered:
1. Executive Summary
2. Aspartic Acid Industry Outlook
3. Aspartic Acid Application Outlook
4. Aspartic acid Regional Outlook
5. Competitive Landscape
- Royal DSM
- Evonik Industries
- Ajinomoto Co. Inc.
- Iris Biotech GmbH
- Prinova Inc.
- Flexible Solutions Inc.
- Changzou Yabang Chemical Co. Ltd.
- Yantai Hengyuan Bioengineering Co. Ltd.
- Kyowa Hakko Kogyo Co.
- Anaspec Inc.
- Nanjing Libang Chemical Co. Ltd.
- Changmao Biochemical Engineering Co. Ltd.
- Tocris Bioscience Co.
- Tokyo Chemical Industry Co. Ltd.
- Dongying Leadbong Chemical Co.
- Taiyuan Qiaoyou Chemical Co.
- Langen Suzhou Co. Ltd.
- Anhui Huaheng Biotechnology Co.
Beijing FortuneStar S&T Development Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/khg4wd/aspartic_acid