$20.2 Bn Organic Acids Market - Global Opportunity Analysis and Industry Forecasts to 2022 - Research and Markets

DUBLIN--()--The "Organic Acids Market - Global Opportunity Analysis and Industry Forecasts to 2022" report has been added to Research and Markets' offering.

The global organic acids market is expected to reach USD 20,232.6 million by 2022 supported by a CAGR of 7.1% during the forecast period of 2017 to 2022.

The growth of this market is mainly attributed to the growing use of organic acids in wide range of applications, increasing focus on producing bio-based organic acids, increasing use of dietary microencapsulated organic acids, and growing demand from developing economies. Moreover, increasing production of organic acid from renewable sources provide significant opportunities in this market. However, fluctuating raw material prices & availability, and high price of organic acids are expected to hinder the growth of this market to some extent.

The global organic acids market is mainly segmented by type (acetic acid, citric acid, propionic acid, formic acid, lactic acid, ascorbic acid, fumaric acid, malic acid, others), by applications (industrial & chemicals, food & beverages, animal feed & nutrition, pharmaceuticals, cosmetics & personal care, and agriculture), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Asia Pacific region holds the major share of the global organic acids market, followed by North America, and Europe. The region is also expected to witness the fastest growth during the forecast period. The large share and fastest growth of this region is mainly attributed to its growing economy, rising industrialization, rural migration & urbanization, and growing food and beverages, pharmaceutical, and animal feed industries

Scope of the Report

Market by Product type:

  • Acetic acid
  • Citric acid
  • Propionic acid
  • Formic acid
  • Lactic acid
  • Ascorbic acid
  • Fumaric acid
  • Malic acid
  • Others

Market by Application:

  • Industrial & Chemicals
  • Food & Beverages
  • Animal Feed & Nutrition
  • Pharmaceuticals
  • Cosmetics& Personal Care
  • Agriculture

Companies Mentioned

  • Archer Daniels Midland Company
  • BASF SE
  • BioAmber Inc.
  • Cargill
  • Celanese Corporation
  • Corbion N.V.
  • E.I. du Pont de Nemours and Company
  • Eastman Chemical Company
  • Henan Jindan Lactic Acid Technology Co. Ltd
  • Incorporated
  • Koninklijke DSM N.V.
  • Myriant Corporation
  • Polynt- Reichhold
  • Tate & Lyle PLC.
  • The Dow Chemical Company

For more information about this report visit https://www.researchandmarkets.com/research/7w6nj9/organic_acids.

Contacts

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Related Topics: Organic Acids

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Organic Acids