Malonic Acid Market to Reflect Steady Growth Rate by 2028

Market Outlook

Over the recent past, demand for malonic acid and its ester compounds has increased in several end use industries, such as pharmaceutical, coating, electronics and polymer & plastic, among others, owing to its multifunctional nature and characteristic properties. Due to the multi-functional nature of malonic acid, it can be used as a precursor, active pharmaceutical ingredient (API), cross linker, additive and intermediate compound, among others.

Malonic acid, formula CH2(COOH)2, is also known as propanedioic acid. It is a white crystalline dicarboxylic acid compound that is readily soluble in alcohol & ethers. Through ionization of malonic acid, malonic esters are produced, which are called as malonates. Historically, the first synthesis of malonic acid was carried out through oxidation-reduction of malic acid with potassium dichromate. With industrial developments and advancements in manufacturing technology, several methods for the production of malonic acid were developed and commercialized. Moreover, commercially, malonic acid is produced from chloroacetic acid and diethyl malonate.

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As an intermediate, malonic acid is used in the manufacturing of alkyd resins, which are further used in coating applications to prevent damage caused due to oxidation, UV light and corrosion. Also, malonic acid is used as a cross linker in low-temperature cure powder coatings to accelerate the coating process. Moreover, malonic acid is also used to induce cross-linking in starch compounds, which are further used in the manufacturing of biodegradable thermoplastics. Furthermore, as a building block, malonic acid is used in the production of pharmaceutical compounds, specialty polyesters, flavor and fragrance compounds and electrolyte additives, among others.

Global Malonic Acid Market: Segmentation

The global Malonic Acid market can be segmented on the basis of grade, function and end-use.

On the basis of grade, the global Malonic Acid market can be segmented as follows:

Technical Grade
Pharmaceutical Grade

On the basis of function, the global Malonic Acid market can be segmented as follows:

Precursor
API
Additive
Other

On the basis of end use, the global Malonic Acid market can be segmented as follows:

Paint & Coating
Polymer & Plastics
Pharmaceutical
Flavor & Fragrance
Electronics
Others

Upsurge in demand from pharmaceutical & Coating industry

Over the recent past, there has been significant growth in malonic acid consumption. This can mainly be attributed to growing demand from the pharmaceutical and coating industry. Rise in demand for malonic acid as an active pharmaceutical ingredient (API), supported by its increasing utilization for producing Diclazuril, non-steroidal anti-inflammatory agents and various vitamins, such as B1, B2, B6, among others, have been the key driving factors responsible for its growth. Moreover, macroeconomic growth of the pharmaceutical industry in developing countries, such as China, India, ASEAN and African countries, will be a prominent factor supporting its market growth.

Further, malonic acid finds usage as a crosslinking agent in low temperature powder coatings. With the paints & coatings industry shifting towards water-based and powder coating systems, from traditional solvent-borne coatings, the demand for malonic acid is expected to witness a healthy upsurge. These non-conventional paints and coatings significantly reduce the volatile organic compound (VOC) emissions, in turn, causing increased traction across various parts of the world.

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Global Malonic Acid Market: Key Players

The malonic market is a highly fragmented market and a significant share of the market is accounted by the presence of small to the medium players. Some of the key players identified across the value chain of the global Malonic Acid market include Lonza Group, Trace Zero LLC., Wuhan Kemi-Works Chemical Co., Ltd., Hefei TNJ Chemical Industry Co.,Ltd., Shanghai Nanxiang Reagent Co., Ltd., TATEYAMA KASEI co.,Ltd, MedicalChem(Yancheng)Manuf.Co.,Ltd., Columbus Chemical Industries, Inc., J&K Scientific Ltd.,etc.

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This release was published on openPR.