
Carboxylic Acid Market Research Report Information By Product (Acetic Acid, Ascorbic Acid, Azelaic Acid, Formic Acid, Valeric Acid, Citric Acid, Stearic acid, Caproic Acid, Benzoic Acid and Others), By End-Use (Food & Beverages, Aromas, Animal Feed, Pharm
Description
In terms of value, the global Carboxylic Acid market is predicted to grow at a 5.36% CAGR between 2022 and 2032, reaching USD 54,793.81 million by 2032.
The carboxylic acid market is an important part of the chemical industry, with applications in a variety of sectors. Carboxylic acids are organic molecules with a carboxyl group (-COOH), making them useful in both industrial and consumer applications. They are frequently utilized as raw ingredients for polymers, medicines, food additives, and personal care items. Several factors drive the carboxylic acid market, including rising demand for convenience foods and beverages, increased usage of carboxylic acids in the pharmaceutical industry, and expanded uses in the textile and polymer sectors. Furthermore, growing awareness of the benefits of bio-based carboxylic acids and their environmental sustainability is pushing the industry toward greener alternatives. Challenges, such as fluctuating raw material prices and the requirement for tight regulations to maintain product safety and quality control, can have an impact on market growth.
Market Segment insights
Acetic acid, ascorbic acid, azelaic acid, formic acid, valeric acid, citric acid, stearic acid, caproic acid, benzoic acid, and others are among the carboxylic acid market segments classified by product. The acetic acid sector dominated the market. Acetic carboxylic acid is a white liquid with a strong odor, commonly known as acetic acid or ethanoic acid. It is the principal element in vinegar and has a variety of industrial and culinary applications.
End-use segments of the carboxylic acid market include food and drinks, scents, animal feed, medicines, agrochemicals, and others.
Regional insights
North American carboxylic acid markets will dominate this market. The growing demand for carboxylic acids from the food and beverage, pharmaceutical, and chemical industries is expected to drive regional market growth. Furthermore, due of their strong scent, esters of carboxylic acids are used to create fragrances, which is projected to raise demand in the market.
The European carboxylic acid market has the second-largest market share due to the widespread use of carboxylic acid derivatives in the production of cosmetics, personal care goods, and colors. Because Germany has the region's largest market for cosmetics and personal care products, it contributes the most, followed by France and the UK.
The Asia-Pacific Carboxylic Acid Market is predicted to expand at the quickest CAGR due to rapid industrialization. The regional market is expected to rise due to the increased use of carboxylic acid derivatives as additives and preservatives in the increasing food and beverage industries. Furthermore, it is projected that the use of carboxylic acids, notably butyric, propionic, and citric, in the production of feed nutritious acidifiers for the animal feed industry will help to expand the regional market.
Major Players
Major players in the carboxylic acid market include BASF SE (Germany), Eastman Chemical Company (US), Dow (US), Jiangsu SOPO (Group) Co. Ltd (China), FINETECH INDUSTRY LIMITED (UK), Celanese Corporation (US), Perstorp (Sweden), Alfa Aesar (US), OXEA GmbH (Germany), Hydrite Chemical (US), GFS Chemicals, and many others.
The carboxylic acid market is an important part of the chemical industry, with applications in a variety of sectors. Carboxylic acids are organic molecules with a carboxyl group (-COOH), making them useful in both industrial and consumer applications. They are frequently utilized as raw ingredients for polymers, medicines, food additives, and personal care items. Several factors drive the carboxylic acid market, including rising demand for convenience foods and beverages, increased usage of carboxylic acids in the pharmaceutical industry, and expanded uses in the textile and polymer sectors. Furthermore, growing awareness of the benefits of bio-based carboxylic acids and their environmental sustainability is pushing the industry toward greener alternatives. Challenges, such as fluctuating raw material prices and the requirement for tight regulations to maintain product safety and quality control, can have an impact on market growth.
Market Segment insights
Acetic acid, ascorbic acid, azelaic acid, formic acid, valeric acid, citric acid, stearic acid, caproic acid, benzoic acid, and others are among the carboxylic acid market segments classified by product. The acetic acid sector dominated the market. Acetic carboxylic acid is a white liquid with a strong odor, commonly known as acetic acid or ethanoic acid. It is the principal element in vinegar and has a variety of industrial and culinary applications.
End-use segments of the carboxylic acid market include food and drinks, scents, animal feed, medicines, agrochemicals, and others.
Regional insights
North American carboxylic acid markets will dominate this market. The growing demand for carboxylic acids from the food and beverage, pharmaceutical, and chemical industries is expected to drive regional market growth. Furthermore, due of their strong scent, esters of carboxylic acids are used to create fragrances, which is projected to raise demand in the market.
The European carboxylic acid market has the second-largest market share due to the widespread use of carboxylic acid derivatives in the production of cosmetics, personal care goods, and colors. Because Germany has the region's largest market for cosmetics and personal care products, it contributes the most, followed by France and the UK.
The Asia-Pacific Carboxylic Acid Market is predicted to expand at the quickest CAGR due to rapid industrialization. The regional market is expected to rise due to the increased use of carboxylic acid derivatives as additives and preservatives in the increasing food and beverage industries. Furthermore, it is projected that the use of carboxylic acids, notably butyric, propionic, and citric, in the production of feed nutritious acidifiers for the animal feed industry will help to expand the regional market.
Major Players
Major players in the carboxylic acid market include BASF SE (Germany), Eastman Chemical Company (US), Dow (US), Jiangsu SOPO (Group) Co. Ltd (China), FINETECH INDUSTRY LIMITED (UK), Celanese Corporation (US), Perstorp (Sweden), Alfa Aesar (US), OXEA GmbH (Germany), Hydrite Chemical (US), GFS Chemicals, and many others.
Table of Contents
122 Pages
- 1 Executive Summary
- 1.1 Global Carboxylic Acid Market, Products Type
- 1.2 Global Carboxylic Acid Market, End Use
- 1.3 Global Carboxylic Acid Market, By Region
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Research Objective
- 2.4 Market Structure
- 2.5 Key Buying Criteria
- 3 Research Methodology
- 3.1 Research Process
- 3.2 Primary Research
- 3.3 Secondary Research
- 3.4 Market Size Estimation
- 3.5 Forecast Model
- 3.6 List Of Assumptions & Limitations
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Increasing Demand For Carboxylic Acids In Food & Beverages Industry
- 4.2.2 Growing Demand For Carboxylic Acids In Pharmaceuticals Industry, Personal Care And Cosmetics Industry
- 4.2.3 Drivers Impact Analysis
- 4.3 Restraint
- 4.3.1 Fluctuating Raw Material Cost To Remain As The Key Restraining Factor
- 4.3.2 Restraint Impact Analysis
- 4.4 Opportunities
- 4.4.1 Demand For Biomass-derived Carboxylic Acids
- 4.5 Covid 19 Impact Analysis
- 4.5.1 Impact On Supply Chain Of Carboxylic Acid
- 4.5.2 Impact On Market Demand Of Carboxylic Acid
- 5 Market Factor Analysis
- 5.1 Supply/ Value Chain Analysis
- 5.1.1 Raw Material Providers
- 5.1.2 Manufacturing
- 5.1.3 Distributors & Sales
- 5.1.4 End User
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Bargaining Power Of Buyers
- 5.2.4 Threat Of Substitutes
- 5.2.5 Intensity Of Rivalry
- 6 Global Carboxylic Acid Market, By Products Overview
- 6.1 Overview
- 6.1.1 Global Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032
- 6.2 Acetic Acid
- 6.3 Ascorbic Acid
- 6.4 Azelaic Acid
- 6.5 Formic Acid
- 6.6 Valeric Acid
- 6.7 Citric Acid
- 6.8 Stearic Acid
- 6.9 Caproic Acid
- 6.10 Benzoic Acid
- 6.11 Other Acid
- 7 Global Carboxylic Acid Market, By End Use
- 7.1 Overview
- 7.1.1 Global Carboxylic Acid Market Estimates & Forecast, End Use Type, 2019–2032
- 7.2 Food & Beverages
- 7.3 Animal Feed
- 7.4 Pharmaceuticals
- 7.5 Agrochemicals
- 7.6 Others
- 8 Global Carboxylic Acid Market, By Region
- 8.1 Overview
- 8.1.1 Global Carboxylic Acid Market Estimates & Forecast, By Region, 2019–2032
- 8.2 North America
- 8.2.1 Us
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 France
- 8.3.3 Uk
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
- 8.3.7 Poland
- 8.3.8 Rest Of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia & New Zealand
- 8.4.5 Rest Of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Argentina
- 8.5.3 Mexico
- 8.5.4 Rest Of Latin America
- 8.6 Middle East & Africa
- 8.6.1 Gcc
- 8.6.2 Israel
- 8.6.3 Turkey
- 8.6.4 North Africa
- 8.6.5 Rest Of Middle East & Africa
- 9 Competitve Landscape
- 9.1 Introduction
- 9.2 Competitive Benchmarking
- 10 Company Profiles
- 10.1 Basf
- 10.1.1 Company Overview
- 10.1.2 Financial Overview
- 10.1.3 Products Offered
- 10.1.4 Key Developments
- 10.1.5 Swot Analysis
- 10.1.6 Key Strategies
- 10.2 Eastman Chemical Company
- 10.2.1 Company Overview
- 10.2.2 Financial Overview
- 10.2.3 Products Offered
- 10.2.4 Key Developments
- 10.2.5 Swot Analysis
- 10.2.6 Key Strategies
- 10.3 Dow
- 10.3.1 Company Overview
- 10.3.2 Products Offered
- 10.3.3 Products Offered
- 10.3.4 Key Developments
- 10.3.5 Swot Analysis
- 10.3.6 Key Strategies
- 10.4 Jiangsu Sopo (Group) Co. Ltd
- 10.4.1 Company Overview
- 10.4.2 Financial Overview
- 10.4.3 Products Offered
- 10.4.4 Key Developments
- 10.4.5 Key Strategies
- 10.5 Celanese Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Overview
- 10.5.3 Products Offered
- 10.5.4 Key Developments
- 10.5.5 Swot Analysis
- 10.5.6 Key Strategies
- 10.6 Perstorp Ab
- 10.6.1 Company Overview
- 10.6.2 Financial Overview
- 10.6.3 Products Offered
- 10.6.4 Key Developments
- 10.6.5 Key Strategies
- 10.7 Alfa Aesar
- 10.7.1 Company Overview
- 10.7.2 Financial Overview
- 10.7.3 Products Offered
- 10.7.4 Key Developments
- 10.7.5 Key Strategies
- 10.8 Oq Chemicals Gmbh
- 10.8.1 Company Overview
- 10.8.2 Financial Overview
- 10.8.3 Products Offered
- 10.8.4 Key Developments
- 10.8.5 Key Strategies
- 10.9 Hydrite Chemical Co
- 10.9.1 Company Overview
- 10.9.2 Financial Overview
- 10.9.3 Products Offered
- 10.9.4 Key Developments
- 10.9.5 Key Strategies
- 10.10 Gfs Chemicals Inc.
- 10.10.1 Company Overview
- 10.10.2 Financial Overview
- 10.10.3 Products Offered
- 10.10.4 Key Developments
- 10.10.5 Key Strategies
- List Of Tables
- Table 1 Primary Interviews
- Table 2 List Of Assumptions & Limitations
- Table 3 Global Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 4 Global Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 5 Global Carboxylic Acid Market Estimates & Forecast, By Region, 2019–2032(Usd Million)
- Table 6 North America: Market Estimates & Forecast, By Country, 2019–2032(Usd Million)
- Table 7 North America Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 8 North America Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 9 Us Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 10 Us Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 11 Canada Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 12 Canada Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 13 Europe: Market Estimates & Forecast, By Country, 2019–2032(Usd Million)
- Table 14 Europe Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 15 Europe Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 16 Germany Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 17 Germany Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 18 France Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 19 France Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 20 Uk Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 21 Uk Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 22 Spain Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 23 Spain Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 24 Italy Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 25 Italy Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 26 Russia Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 27 Russia Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 28 Poland Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 29 Poland Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 30 Rest Of Europe Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 31 Rest Of Europe Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 32 Asia Pacific: Market Estimates & Forecast, By Country, 2019–2032 (Usd Million)
- Table 33 Asia Pacific Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 34 Asia Pacific Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 35 China Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 36 China Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 37 Japan Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 38 Japan Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 39 India Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032(Usd Million)
- Table 40 India Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- Table 41 Australia & New Zealand Carboxylic Acid Market Estimates & Forecast, By Products, 2019–2032 (Usd Million)
- Table 42 Australia & New Zealand Carboxylic Acid Market Estimates & Forecast, End Use, 2019–2032(Usd Million)
- List Of Figures
- Figure 1 Market Synopsis
- Figure 2 Global Carboxylic Acid Market Analysis, Products Type, 2022 And Market Value From 2019-2032
- Figure 3 Global Carboxylic Acid Market Analysis, End Use Type, 2022 And Market Value From 2019-2032
- Figure 4 Global Carboxylic Acid Market Analysis, By Region, 2022
- Figure 5 Global Carboxylic Acid Market: Structure
- Figure 6 Key Buying Criteria For Carboxylic Acid
- Figure 7 Research Process
- Figure 8 Top-down & Bottom-up Approaches
- Figure 9 Market Dynamics Overview
- Figure 10 Drivers Impact Analysis: Global Carboxylic Acid Market
- Figure 11 Restraint Impact Analysis: Global Mining Chemicals Market
- Figure 12 Global Carboxylic Acid Market: Supply / Value Chain
- Figure 14 Global Carboxylic Acid Market, By Products, 2022 (% Share)
- Figure 15 Global Carboxylic Acid Market, By Products, 2019–2032(Usd Million)
- Figure 16 Global Carboxylic Acid Market, End Use Type, 2022 (% Share)
- Figure 17 Global Carboxylic Acid Market, End Use Type, 2019–2032(Usd Million)
- Figure 18 Global Carboxylic Acid Market, By Region, 2019–2032(Usd Million)
- Figure 19 Global Carboxylic Acid Market, By Region, 2021 (% Share)
- Figure 20 North America: Carboxylic Acid Market Share, By Country, 2022 (% Share)
- Figure 21 Europe: Carboxylic Acid Market Share, By Country, 2022 (% Share)
- Figure 22 Asia Pacific: Carboxylic Acid Market Share, By Country, 2022 (% Share)
- Figure 23 Latin America: Carboxylic Acid Market Share, By Country, 2022 (% Share)
- Figure 24 Middle East & Africa: Carboxylic Acid Market Share, By Country, 2022 (% Share)
- Figure 25 Global Carboxylic Acid Market: Competitive Benchmarking
- Figure 26 Basf: Financial Overview Snapshot
- Figure 27 Basf: Swot Analysis
- Figure 28 Eastman Chemical Company: Financial Overview Snapshot
- Figure 29 Eastman Chemical Company: Swot Analysis
- Figure 30 Dow.: Products Offered
- Figure 31 Dow: Swot Analysis
- Figure 32 Jiangsu Sopo Chemical Co. Ltd.: Financial Overview Snapshot
- Figure 33 Celanese Corporation: Financial Overview Snapshot
- Figure 34 Celanese Corporation: Swot Analysis
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