DUBLIN--(BUSINESS WIRE)--The "Global Tartaric Acid Market - Segmented by Type, Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The tartaric acid market is expected to record a moderate CAGR between 2018 and 2023.
The wine industry is one of the fastest growing industries in the Asia-Pacific region and is directly related to the consumption of tartaric acid. The increase in demand is further aided by the local wine manufacturers, coupled with the growing tourism in these Southeast Asian countries.
Tartaric acid is widely used in the pharmaceutical segment. This is owing to its characteristic property of enhancing the taste of medicine, making it the material of choice for use in the pharmaceutical industry. Tartaric acid and its derivatives are widely used in making effervescent salts, which are formed when combined with citrates. The pharmaceutical industry is expected to be the one of the fastest growing segments by end-user industry in the global tartaric acid market due to the rise in medicine demand globally.
In 2017, Europe accounted for the largest share of the regional market for tartaric acid. Consumption of tartaric acid in foods and beverages in developing markets is expected to grow, along with the increasing demand for processed food and beverages. European countries like Germany and the United Kingdom are expected to witness slower growth rate during the forecast period. However, the growing demand from pharmaceuticals and packaged foods, coupled with the rising living standards, are expected to fuel the market.
- American Tartaric Products Inc.
- Anhui Hailan Bio-technology Co. ltd.
- Australian Tartaric Products
- Caviro Distillerie
- Changmao Biochemical
- Chemical Industry Valencian
- Dastech International Inc.
- Derivados Vinicos SA
- Distellerie Mazzari SpA
- Giovanni Randi SpA
- Industria Chimica Valenzana SpA
- Ninghai Organic Chemical Factory
- Noah Technologies Corporation
- Omkar Speciality Chemicals Ltd.
- Richman Chemical Inc.
- Tarac Technologies
- Tarcol SA
- Trtaros Gonzalo Castell
- The Tartaric Chemicals Corporation
- Thirumalai Chemicals
- U.S. Chemicals LLC
- Vinicas Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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