DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Bio-organic Acid Market - Segmented by Application, Product Type, Raw Material, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific bio-organic acid market is expected to register a CAGR of 7.1% during the forecast period.
The demand for organic acids produced from renewable raw materials is growing largely due to the adverse environmental effects of conventional organic acids. Bio-organic acids can be a potential replacement for petrochemicals in some of the key application areas, such as polymer, food, coatings and healthcare. Organic acids used for these applications include fumaric acid, acrylic acid, lactic acid, succinic acid, and acetic acid, amongst others.
Bio-renewable organic chemicals, like lactic acid accounted for a significant share in the bio-based chemicals market. The platform bio-chemicals market is hitting market maturity - ranging from mature markets, like lactic acid to nascent markets, like succinic acid. The strongest growth is expected for secondary chemicals, such as PLA, polyhydroxyalkanoate (PHA) and bio-ethylene, which are used to manufacture bio-based plastics. Increasing regulations on applications of petrochemical-based products are acting as a driver for bio-organic acids market. This, in turn, is anticipated to boost the Asia-Pacific bio-organic acids market during the forecast period.
Major Players: BASF SE, Qingdao Seawin Biotech Group Co. Ltd., Qingdao Future Group, GF Biochemicals, and Mitsubishi Chemicals, amongst others.
Key Topics Covered
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.3 Regulatory Policy Analysis
4. Market Dynamics
5. Market Segmentation and Analysis
5.1 By Application
5.2 By Product Type
5.3 By Raw Material
6. Regional Market Analysis
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.2 BASF SE
8.5 Dairen Chemicals
8.7 Mitsubishi Chemicals
8.10 NatureWorks LLC
For more information about this report visit https://www.researchandmarkets.com/research/rg9vwz/asiapacific?w=4