Press release
Carboxylic Acid Market increase with an estimated gain of 5% by 2024.
”Carboxylic Acid Market is expected to exceed USD 20 billion according to this new research report.”
The globally rising consumption of cosmetics and personal care products is likely to drive the demand for valeric, butyric and stearic acids, as they have widespread usage in the manufacturing of these products. Over 80% of personal care products are skin care products, hair care products and cosmetics which are essentially fragrant. Usage of the carboxylic acids for esterification for providing the fragrance and for prevention of microbes, will drive the product demand in the personal care segment.
More than 45% share of the global animal feed market involves poultry and over 25% is used for swine. The rising consumption amounts of swine and poultry for their protein content will drive the global carboxylic acid Market for its demand as animal feed additive. Regulations concerning banning of antibiotic growth supporters in animal feed, particularly for cattle, poultry and swine will positively affect the industry.
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The carboxylic acid market growth might be hampered to some extent due to availability of growth-promoting natural and organic substitutes for animal feed. Also, regulations against petroleum-based carboxylic acids for their significant carbon footprints will also be a growth restraint. The market also possesses a threat of gradually emerging antioxidants, antimicrobials, amino acids, nutraceuticals, probiotics, etc.
Acetic acid is expected to have the fastest growth at over 5.5% CAGR by 2024. Its usage in production of vinegar, preservation of food over a long time and flavor addition to the food products are the factors driving its growth. Growing demand of acetic acid in food storage and packaging industry will propel the market.
Formic and propionic acid find application in prevention of salmonella growth in food products, which otherwise contaminate the food and causes diseases to animals and humans. Stearic acid comprises of over 25% of global carboxylic acid market share market for its applications in soaps, cosmetics, detergents, in softening agents and lubricants.
Browse key industry insights from the report, “carboxylic acid market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/carboxylic-acid-market
Asia Pacific region is predicted to have the fastest growth with over 5.0% gains in the forecast period, for the increasing demand from the regional food & beverages, consumer goods, personal care & cosmetics, animal feed, lubricants and pharmaceuticals industries. Europe North and America carboxylic acid markets are expected have sluggish growth and to lose some share to APAC and Latin America owing to the severe regulations levied by REACH and EPA.
Key industry players are Celanese Corporation, BASF SE, LyondellBasell Industries N.V., The Dow Chemical Company, Thirumalai Chemicals Ltd., Eastman Chemical Company, Perstorp Holding AB, Alfa Aesar, OXEA, Ashok Alco-Chem Ltd., VanDeMark Inc., Finetech Industry Ltd., VVF LLC and Shenyang Zhangming Chemical Co., Ltd.
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Cresol market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Carboxylic acid market by product
o Acetic acid
o Valeric acid
o Isovaleric acid
o Formic acid
o Propionic acid
o Butyric acid
o Isobutyric acid
o Citric acid
o Caproic acid
o Stearic acid
o Others
Carboxylic acid market by end-user
o Food and beverages
o Animal feed
o Pharmaceuticals
o Personal care & cosmetics
o Consumer goods
o Lubricants
o Others
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o Middle East & Africa
§ South Africa
§ GCC
Report Content
Chapter 6 Carboxylic Acid Regional Insights
6.1 Carboxylic acid market share by region, 2015 & 2024
6.2 North America
6.2.1 North America market estimates and forecast, 2013 - 2024
6.2.2 North America market estimates by product, 2013 - 2024
6.2.3 North America market estimates by end-user, 2013 - 2024
6.2.4 U.S.
6.2.4.1 U.S market estimates and forecast, 2013 - 2024
6.2.4.2 U.S. market estimates by product, 2013 - 2024
6.2.4.3 U.S. market estimates by end-user, 2013 - 2024
6.2.5 Canada
6.2.5.1 Canada market estimates and forecast, 2013 - 2024
6.2.5.2 Canada market estimates by product, 2013 - 2024
6.2.5.3 Canada market estimates by end-user, 2013 - 2024
6.3 Europe
6.3.1 Europe market estimates and forecast, 2013 - 2024
6.3.2 Europe market estimates by product, 2013 - 2024
6.3.3 Europe market estimates by end-user, 2013 - 2024
6.3.4 Germany
6.3.4.1 Germany market estimates and forecast, 2013 - 2024
6.3.4.2 Germany market estimates by product, 2013 - 2024
6.3.4.3 Germany market estimates by end-user, 2013 - 2024
6.3.5 UK
6.3.5.1 UK market estimates and forecast, 2013 - 2024
6.3.5.2 UK market estimates by product, 2013 - 2024
6.3.5.3 UK market estimates by end-user, 2013 – 2024
6.3.6 France
6.3.6.1 France market estimates and forecast, 2013 - 2024
6.3.6.2 France market estimates by product, 2013 - 2024
6.3.6.3 France market estimates by end-user, 2013 - 2024
6.3.7 Spain
6.3.7.1 Spain market estimates and forecast, 2013 - 2024
6.3.7.2 Spain market estimates by product, 2013 - 2024
6.3.7.3 Spain market estimates by end-user, 2013 - 2024
6.3.8 Italy
6.3.8.1 Italy market estimates and forecast, 2013 - 2024
6.3.8.2 Italy market estimates by product, 2013 - 2024
6.3.8.3 Italy market estimates by end-user, 2013 - 2024
6.4 Asia Pacific
6.4.1 Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2 Asia Pacific market estimates by product, 2013 - 2024
6.4.3 Asia Pacific market estimates by end-user, 2013 - 2024
6.4.4 China
6.4.4.1 China market estimates and forecast, 2013 - 2024
6.4.4.2 China market estimates by product, 2013 - 2024
6.4.4.3 China market estimates by end-user, 2013 - 2024
6.4.5 India
6.4.5.1 India market estimates and forecast, 2013 - 2024
6.4.5.2 India market estimates by product, 2013 - 2024
6.4.5.3 India market estimates by end-user, 2013 - 2024
6.4.6 Japan
6.4.6.1 Japan market estimates and forecast, 2013 - 2024
6.4.6.2 Japan market estimates by product, 2013 - 2024
6.4.6.3 Japan market estimates by end-user, 2013 - 2024
6.4.7 Australia
6.4.7.1 Australia market estimates and forecast, 2013 - 2024
6.4.7.2 Australia market estimates by product, 2013 - 2024
6.4.7.3 Australia market estimates by end-user, 2013 – 2024
6.4.8 Indonesia
6.4.8.1 Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2 Indonesia market estimates by product, 2013 - 2024
6.4.8.3 Indonesia market estimates by end-user, 2013 – 2024
6.4.9 Malaysia
6.4.9.1 Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2 Malaysia market estimates by product, 2013 - 2024
6.4.9.3 Malaysia market estimates by end-user, 2013 - 2024
6.5 Latin America
6.5.1 Latin America market estimates and forecast, 2013 - 2024
6.5.2 Latin America market estimates by product, 2013 - 2024
6.5.3 Latin America market estimates by end-user, 2013 - 2024
6.5.4 Brazil
6.5.4.1 Brazil market estimates and forecast, 2013 - 2024
6.5.4.2 Brazil market estimates by product, 2013 - 2024
6.5.4.3 Brazil market estimates by end-user, 2013 - 2024
6.5.5 Mexico
6.5.5.1 Mexico market estimates and forecast, 2013 - 2024
6.5.5.2 Mexico market estimates by product, 2013 - 2024
6.5.5.3 Mexico market estimates by end-user, 2013 - 2024
6.6 MEA
6.6.1 MEA market estimates and forecast, 2013 - 2024
6.6.2 MEA market estimates by product, 2013 - 2024
6.6.3 MEA market estimates by end-user, 2013 – 2024
6.6.4 South Africa
6.6.4.1 South Africa market estimates and forecast, 2013 - 2024
6.6.4.2 South Africa market estimates by product, 2013 - 2024
6.6.4.3 South Africa market estimates by end-user, 2013 - 2024
6.6.5 GCC
6.6.5.1 GCC market estimates and forecast, 2013 - 2024
6.6.5.2 GCC market estimates by product, 2013 - 2024
6.6.5.3 GCC market estimates by end-user, 2013 – 2024
Chapter 7 Company Profiles
7.1 BASF SE
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.2 Celanese Corporation
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.3 The Dow Chemical Company
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.4 LyondellBasell Industries N.V.
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.5 Eastman Chemical Company
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.6 Thirumalai Chemicals Ltd.
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.7 Alfa Aesar
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.8 Perstorp Holding AB
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.9 OXEA
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.10 Finetech Industry Limited
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.11 VanDeMark Inc.
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.12 Ashok Alco-Chem Limited
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.13 Shenyang Zhangming Chemical Co., Ltd.
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.14 VVF LLC
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/carboxylic-acid-market
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