Carboxylic Acid Market worth $26.99 billion by 2030, growing at a CAGR of 6.33% - Exclusive Report by 360iResearch

The "Carboxylic Acid Market by Product (Acetic Acid, Butyric Acid, Caproic Acid), Production Technology (Renewable Fermentation Process, Synthetic Process), Applicatiion - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Carboxylic Acid Market to grow from USD 17.56 billion in 2023 to USD 26.99 billion by 2030, at a CAGR of 6.33%.

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Carboxylic acid, an essential component in the field of organic chemistry, is a type of organic compound characterized by the presence of a carboxyl group (COOH). The general molecular formula for carboxylic acids is R-COOH, where R represents an alkyl or aryl group. Carboxylic acids play a crucial role in various biological processes and industrial applications, and it is derived from a variety of sources, such as alcohols and aldehydes. The demand for animal feed has led to a surge in the need for carboxylic acids as essential ingredients in feed formulations. Moreover, there has been a notable rise in the utilization of carboxylic acid in the food & beverage sector, owing to its properties as a food preservative, flavoring agent, and pH regulator. Additionally, the continuous expansion of the pharmaceutical sector worldwide offers promising prospects for applying carboxylic acids in drug synthesis and formulation. Fluctuating costs and raw materials used in carboxylic acid production impact its affordability and availability in various industries. The storage and transportation of carboxylic acids represent significant challenges due to their corrosive nature and sensitivity to environmental conditions. However, the development of renewable fermentation of carboxylic acid from biomass sources, which can lead to sustainable and cost-effective production methods and utilizing CO2 for synthesizing carboxylic acids, presents an innovative approach that could contribute to reducing carbon emissions while generating valuable chemical compounds.

In the Americas region, the United States majorly contributes to the market growth with strong demand for high-performance polymers used in aerospace and automotive industries. The public and private sector in the Americas region is investing in developing renewable approaches to produce carboxylic acids from biomass feedstocks. European countries, including Germany, France, and Italy, contribute significantly to the demand for carboxylic acids due to their robust automotive, pharmaceutical, and consumer goods industries. The Middle East and Africa's market growth is influenced by the expanding oil & gas sector utilizing petrochemical derivatives containing carboxylic acids. The APAC region has witnessed significant market growth due to rapid urbanization and industrialization, leading to an increased demand for carboxylic acid products. In the APAC region, China and Japan have the presence of notable market players due to their massive manufacturing capabilities and growing application industries such as textiles, pharmaceuticals, automotive, and personal care products.

Market Segmentation & Coverage:

This research report categorizes the Carboxylic Acid Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Acetic Acid, Butyric Acid, Caproic Acid, Citric Acid, Formic Acid, Isobutyric Acid, Isovaleric Acid, Propionic Acid, Stearic Acid, and Valeric Acid. The Acetic Acid commanded largest market share of 14.62% in 2023, followed by Citric Acid.

Based on Production Technology, market is studied across Renewable Fermentation Process and Synthetic Process. The Synthetic Process is further studied across Carboxylation of Grignard Reagents, Oxidation of Alcohols and Aldehydes, and Hydrolysis of Nitriles and Esters. The Synthetic Process commanded largest market share of 65.67% in 2023, followed by Renewable Fermentation Process.

Based on Applicatiion, market is studied across Animal Feed, Consumer Goods, Food & Beverages, Lubricants, Personal Care & Cosmetics, Pharmaceuticals, and Textiles, Leather & Rubber. The Food & Beverages commanded largest market share of 22.62% in 2023, followed by Personal Care & Cosmetics.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.20% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Carboxylic Acid Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Carboxylic Acid Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Carboxylic Acid Market, highlighting leading vendors and their innovative profiles. These include abcr GmbH, AFYREN SA, Ajinomoto Co., Inc., Alfa Aesar by Thermo Fisher Scientific Inc., ALPHA CHEMIKA, Ascentus Organics Pvt. Ltd., Ashland Inc., Ashok Alco - chem Limited, BASF SE, Celanese Corporation, Eastman Chemical Company, EBRATOR BIOCHEMICALS,INC., Evonik Industries AG, Finar Limited by Actylis, FINETECH INDUSTRY LIMITED, Firmenich SA, FUJIFILM Wako Pure Chemical Corporation, Hibrett Puratex, INEOS Group, Innospec Inc., JSR Corporation, Kakdiya Chemicals, Kaneka Corporation, Kanto Chemical Co., Inc., Kao Corporation, Koninklijke DSM N.V., LyondellBasell Industries Holdings B.V., Merck KGaA, Mitsui Chemicals, Inc., Noah Chemicals, INC., OQ Chemicals GmbH, Petroliam Nasional Berhad (PETRONAS), ProChem, Inc., Redox Industries Limited, The Dow Chemical Company, The Lubrizol Corporation, Thirumalai Chemicals Ltd., Tokyo Chemical Industry Co., Ltd., VanDeMark Chemical, Inc., Vigon International, LLC, Volu-Sol, VVF L.L.C., and Wacker Chemie AG.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Carboxylic Acid Market, by Product
7. Carboxylic Acid Market, by Production Technology
8. Carboxylic Acid Market, by Applicatiion
9. Americas Carboxylic Acid Market
10. Asia-Pacific Carboxylic Acid Market
11. Europe, Middle East & Africa Carboxylic Acid Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Carboxylic Acid Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Carboxylic Acid Market?
3. What is the competitive strategic window for opportunities in the Carboxylic Acid Market?
4. What are the technology trends and regulatory frameworks in the Carboxylic Acid Market?
5. What is the market share of the leading vendors in the Carboxylic Acid Market?
6. What modes and strategic moves are considered suitable for entering the Carboxylic Acid Market?

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