Malonic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023 - 2029 | Report By Introspective Market Research

Market Overview:
The Malonic Acid market was estimated at USD 46.4 billion in 2021 and is projected to reach 56.29 billion by 2028, growing at a CAGR of 2.8%.

Dicarboxylic acid malonic acid has the formula CH2 (COOH) 2. Malonates are the ionized type of malonic corrosive, as well as their esters and salts. For instance, the diethyl ester of malonic acid is diethyl malonate. A chemical called malonic acid is used to make specialized polyesters. It can be converted to 1, 3-propanediol for use in polyesters and polymers, though its utility is unknown. Malonic acid is a crosslinker for low-temperature cure powder coatings that are used in the coatings industry. These coatings are becoming more and more popular as heat-sensitive substrates and the need to speed up the coatings process becomes more important.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics:
Driver:
With the expanded use of the creation, the overall malonic corrosive market has filled essentially as of late. The increased use can be attributed to the growing interest in acid in the pharmaceutical and covering industries. The ability of malonic acid to transport Diclazuril and a variety of nutrients, such as vitamins B6, B2, and B1, has sparked a surge in interest in its application as an API in pharmaceuticals. Diclazuril is a non-steroidal anti-inflammatory medication. This aspect is likely to have an impact on the expansion of the global malonic acid market during the forecast period.

Opportunities:
The adoption of organic and inorganic growth strategies, as well as increased demand from end-use industries like polymer and plastics, coatings, and pharmaceuticals, among others, will support demand worldwide. Because the development of bio-routes for the synthesis of malonic acid is the primary focus of several players, regulations governing the use of bio-based chemicals in Europe and the United States will contribute to the advancement of sustainable development. To meet regulatory requirements, several businesses are focusing on creating bio-based pathways for the production of malonic acid.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation
Based on the function, the API segment is expected to capture maximum market share over the forecast period. Growth in demand for malonic acid as an active pharmaceutical ingredient (API), helped by its rising application for manufacturing Diclazuril, non-steroidal anti-inflammatory agents, and different vitamins, such as B1, B2, B6, among others, have been the major factors responsible for the growth of this segment.

Based on the application, the paints & coatings segment is anticipated to dominate the malonic acid market over the forecast period. Malonic acid discovers its application as a crosslinking agent in low-temperature powder coatings.

By Type
• Technical Grade
• Pharmaceutical grade

By Function
• Additive
• API
• Precursor
• Other

By Application
• Pharmaceutical
• Flavor & Fragrance
• Paint & Coating
• Others

Regional Analysis for the Malonic Acid Market:
The market for malonic acid is likely to be dominated by the Asia Pacific. China is the world's and the region's top chemical manufacturer. The region's growth is due to increased interest from the pharmaceutical industry in the area. The Chemical Dialogue of the Asia-Pacific Economic Cooperation (APEC) hosted a discussion on the region's strategic framework for 2020-2023. The Chemical Dialogue is the primary platform for the chemical sector in Asia and the Pacific, which accounts for nearly 45 percent of world chemical manufacturing, 7% of global GDP, and 69 percent of global chemical jobs.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Malonic Acid market are :
• Lonza
• Lygos
• Silworld
• Shanghai Nanxiang Reagent Co. Ltd.
• Trace Zero
• Tateyamakasei
• Bramha Scientific
• Lianyungang Huasheng and other major players.

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Key Industry Developments in the Malonic Acid Market:
In February 2019, Lygos, Inc., a full-stack producer of petroleum-free specialty chemicals that deliver high-value performance without environmental toxicity, today announced a new partnership with the Center for University of Massachusetts Industry Research on Polymers (CUMIRP), to Expand Applications of its Bio-Malonic Acid Product Family. The nation's oldest National Science Foundation Industry / University Cooperative Research Center is dedicated to polymer research.

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