Press release
Global Vanillic Acid (CAS 121-34-6) Market Expected to Witness a Sustainable Growth over 2023
Vanillic Acid is a benzoic acid derivative used as a flavoring agent. It is an oxidized form of vanillin produced during the conversion of vanillin to ferulic acid. Vanillic Acid can be used into pharmaceutical intermediates and flavors & fragrances.
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Global Vanillic Acid (CAS 121-34-6) Market: Forecast by Type / Application / Region
Vanillic acid industry has a few manufacturers. The main players are Solvay, Donglian Nankai FlavorDlflavor, Quzhou Mingfeng Chemical. The global production of vanillic acid increased to 18.9 MT in 2016 from 18.6 MT in 2012 with average growth rate of 1.6%.
In consumption market, the global consumption value on the downward trend. Due to raw material synthesis vanillin, oversupply, prices fell. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these regions occupied 80.85% of the global consumption volume in total.
Vanillic Acid has two types, distinguished by purity. Vanillic Acid has certain market potential in the future. At present, the main research direction is through microbial technology to get natural vanillin, at present, Solvay has mature industry chain in the market. Some other company need to be tested by the market, such as EVOLVA.
At present, the downstream market is relatively stable, and we believe that future market demand will not show rapid growth unless significant progress has been made in the development of natural vanillin.
Over the next five years, LPI(LP Information) projects that Vanillic Acid (CAS 121-34-6) will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Vanillic Acid (CAS 121-34-6) Market: Key Players
Solvay
Donglian Nankai FlavorDlflavor
Quzhou Mingfeng Chemical
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Related Information:
United States Vanillic Acid (CAS 121-34-6) Market Research Report 2018
Europe Vanillic Acid (CAS 121-34-6) Market Research Report 2018
North America Vanillic Acid (CAS 121-34-6) Market Research Report 2018
Asia-Pacific Vanillic Acid (CAS 121-34-6) Market Research Report 2018
China Vanillic Acid (CAS 121-34-6) Market Research Report 2018
EMEA Vanillic Acid (CAS 121-34-6) Market Research Report 2018
Global Vanillic Acid (CAS 121-34-6) Market Research Report 2018
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