Global Organic Acid Market Growth 2023-2029

Global Organic Acid Market Growth 2023-2029

Product Code:465482

Published Date: Feb 08,2023

Pages: 127

Region: Global

Category: Chemical & Material

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An organic acid is an organic compound with acidic properties. The most common organic acids are the carboxylic acids, whose acidity is associated with their carboxyl group –COOH. Sulfonic acids, containing the group –SO2OH, are relatively stronger acids. Alcohols, with –OH, can act as acids but they are usually very weak. The relative stability of the conjugate base of the acid determines its acidity. Other groups can [also] confer acidity, usually weakly: the thiol group –SH, the enol group, and the phenol group. In biological systems, organic compounds containing these groups are generally referred to as organic acids. 
LPI (LP Information)' newest research report, the “Organic Acid Industry Forecast” looks at past sales and reviews total world Organic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Organic Acid sales for 2023 through 2029. With Organic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Organic Acid industry.

This Insight Report provides a comprehensive analysis of the global Organic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Organic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Organic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Organic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Organic Acid.

The global Organic Acid market size is projected to grow from US$ 22990 million in 2022 to US$ 24960 million in 2029; it is expected to grow at a CAGR of 24960 from 2023 to 2029.

Global key players of organic acid include Celanese, BP, Jiangsu Sopo, Huayi, Eastman, etc. Global top five manufacturers hold a share over 32%. The key players are mainly located in North America, China, South Korea, Middle East, Europe and Japan. In terms of product, acetic acid is the largest segment, with a share over 70%. And in terms of application, the largest application is industrial, with a share over 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Organic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Acetic Acid
    Citric Acid
    Formic Acid
    Lactic Acid
    Propionic Acid
    Malic Acid
    Sorbic Acid
    Oxalic Acid
    Tartaric Acid
    Others

Segmentation by application
    Industrial
    Food & Beverages
    Feed
    Pharmaceuticals
    Personal Care
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Celanese
    BP
    Jiangsu Sopo
    Shanghai Huayi
    Eastman
    Yankuang Cathay Coal Chemicals
    Chang Chun Group
    Lyondellbasell
    Shandong Hualu-Hengsheng
    Kingboard Chemical
    Daicel
    Sipchem
    Weifang Ensign Industry Co., Ltd.
    TTCA Co., Ltd
    RZBC Group Co. Ltd.
    Cofco Biochemical (Anhui) Co., Ltd.
    Jungbunzlauer Suisse AG
    Tate & Lyle
    BASF
    LUXI
    Corbion-Purac
    Cargill
    DSM

Key Questions Addressed in this Report
What is the 10-year outlook for the global Organic Acid market?
What factors are driving Organic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Organic Acid market opportunities vary by end market size?
How does Organic Acid break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?