Market Research Logo

Global Carboxylic Acid Market 2017-2021

Global Carboxylic Acid Market 2017-2021

About Carboxylic Acid

Carboxylic acids are organic compounds consisting of a carbonyl and hydroxyl groups attached to the carbon. The suffix '-oic acid' is used to name the organic acids derived from carboxylic acids. Ethanoic acid is the most widely used carboxylic acid. It is commonly known as acetic acid (vinegar). Carboxylic acids such as the ones mentioned above cater to a wide range of industries, including paints and coatings, manufacture of polymers, agrochemicals, cosmetics, and synthetic lubricants.

Technavio’s analysts forecast the global carboxylic acid market to grow at a CAGR of 5.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global carboxylic acid market for 2017-2021. To calculate the market size, the report considers the sales of acetic acid, citric acid, propionic acid, stearic acid.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Carboxylic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Celanese Corporation
  • Eastman Chemical Company
  • Perstorp Holdings
  • The Dow Chemical Company
Other prominent vendors
  • Alfa Aesar (Thermo Fisher Scientific)
  • Ashok Alco - chem
  • BASF-YPC
  • Finetech Industry
  • Jiangsu Sopo Group
  • LyondellBasell Industries
  • OXEA
  • Shenyang Zhangming Chemical
Market driver
  • Increased industrial use of carboxylic acids
  • For a full, detailed list, view our report
Market challenge
  • Rising environmental and health concerns
  • For a full, detailed list, view our report
Market trend
  • Simplified process to convert carboxylic acids into boronic acids
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Carboxylic Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global carboxylic acid market: BASF, Celanese Corporation, Eastman Chemical Company, Perstorp Holdings, and The Dow Chemical Company.

Other Prominent Vendors in the market are: Alfa Aesar (Thermo Fisher Scientific), Ashok Alco – chem, BASF-YPC, Finetech Industry, Jiangsu Sopo Group, LyondellBasell Industries, OXEA, and Shenyang Zhangming Chemical.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is simplified process to convert carboxylic acids into boronic acids. Researchers have identified a method to simplify the conversion process of carboxylic acids into boronic acids. To convert a carboxylic acid to a boron compound, the carboxylic acid is first converted into redox-active N-hydroxyphthalimide ester. On further processing, using a nickel catalyst, decarboxylative borylation is induced.”

According to the report, one driver in the market is increased industrial use of carboxylic acids. Growing consumer needs across industries, such as consumer goods, animal feed, food and beverage, pharmaceutical, and cosmetics are primarily driving the market for carboxylic acids. Carboxylic acids are the key ingredients used in the manufacture of soaps, detergents, and shampoos. It is also used in the manufacture of cleansing agents through the process of saponification. One of the most crucial industrial applications of carboxylic acids is the manufacture of greases and plastics.

Further, the report states that one challenge in the market is rising environmental and health concerns. Acetic acid is toxic to plants, animals, and other aquatic organisms. It also increases the environmental risks associated with acetic acid. Stearic acid is known to cause liver complications and cancers. Direct exposure of the acid is also known to cause skin irritation and inflammation. Therefore, the user must be extremely cautious and careful while handling these acids. Although carboxylic acids are biodegradable and are potentially not bio-accumulative, they are still known to pose significant risks to aquatic organisms, such as fish, daphnia, and algae.

Companies Mentioned

BASF, Celanese Corporation, Eastman Chemical Company, Perstorp Holdings, and The Dow Chemical Company.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
  • Market landscape
    • Market outlook
      • Table Global carboxylic acids market 2016-2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global carboxylic acids market by product type
      • Table Global carboxylic acids market by product type 2016
      • Table Global carboxylic acids market by product type 2021
    • Global acetic acid market
      • Table Global acetic acid market 2016 and 2021 ($ millions)
      • Table Market forecast: Global acetic acid market 2016-2021
    • Global citric acid market
      • Table Global citric acid market 2016 and 2021 ($ millions)
      • Table Market forecast: Global citric acid market 2016-2021
    • Global market for stearic acid
      • Table Global market for stearic acid 2016 and 2021 ($ millions)
      • Table Market forecast: Global market for stearic acid 2016-2021
    • Global market for propionic acid
      • Table Global market for propionic acid 2016 and 2021 ($ millions)
      • Table Market forecast: Global market for propionic acid 2016-2021
    • Global market for other types of carboxylic acids
      • Table Global market for other types of carboxylic acids 2016 and 2021 ($ millions)
      • Table Market forecast: Global market for other types of carboxylic acids 2016-2021
  • Market segmentation by end user
    • Global carboxylic acids market by end user
      • Table Global carboxylic acids market by end user 2016
      • Table Global carboxylic acids market by end user 2021
    • Global carboxylic acids market for consumer goods
      • Table Global carboxylic acids market for consumer goods 2016 and 2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market for consumer goods 2016-2021
    • Global carboxylic acids market for animal feed
      • Table Global carboxylic acids market for animal feed 2016 and 2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market for animal feed 2016-2021
    • Global carboxylic acids market for lubricants
      • Table Global carboxylic acids market for lubricants 2016 and 2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market for lubricants 2016-2021
    • Global carboxylic acids market for food and beverages
      • Table Global carboxylic acids market for food and beverages 2016 and 2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market for food and beverages 2016-2021
    • Global carboxylic acids market for pharmaceuticals
      • Table Global carboxylic acids market for pharmaceuticals 2016 and 2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market for pharmaceuticals 2016-2021
    • Global carboxylic acids market for cosmetics
      • Table Global carboxylic acids market for cosmetics 2016 and 2021 ($ millions)
      • Table Global carboxylic acids market for cosmetics 2016-2021
    • Global carboxylic acids market for other applications
      • Table Global carboxylic acids market for other applications 2016 and 2021 ($ millions)
      • Table Market forecast: Global carboxylic acids market for other applications 2016-2021
  • Geographic segmentation
    • Global carboxylic acids market by geography
      • Table Global carboxylic acids market by geography 2016
      • Table Global carboxylic acids market by geography 2021
    • Carboxylic acids market in APAC
      • Table Carboxylic acids market in APAC 2016 and 2021
      • Table Market forecast: Carboxylic acids market in APAC 2016-2021
    • Carboxylic acids market in Europe
      • Table Carboxylic acids market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Carboxylic acids market in Europe 2016-2021
    • Carboxylic acids market in North America
      • Table Carboxylic acids market in North America 2016 and 2021 ($ millions)
      • Table Market forecast: Carboxylic acids market in North America 2016-2021
    • Carboxylic acids market in ROW
      • Table Carboxylic acids market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Carboxylic acids market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global VAM market 2016 and 2021
    • Market challenges
  • Market trends
    • Simplified process to convert carboxylic acids into boronic acids
    • Novel methods for selective transformation of carboxyl groups
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographic segmentation by revenue 2016
    • Celanese Corporation
      • Table Celanese Corporation: Business segmentation by revenue 2016
      • Table Celanese Corporation: Geographic segmentation by revenue 2016
    • Eastman Chemical Company
      • Table Eastman Chemical Company: Business segmentation by revenue 2016
      • Table Eastman Chemical Company: Geographic segmentation by revenue 2016
    • Perstorp Holdings
      • Table Perstorp Holdings: Business segmentation by revenue 2016
      • Table Perstorp Holdings: Geographic segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report