Global Carboxylic Acid Market Research Report Information By Product, By End-Use And By Region Market Forecast Till 2032

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Global 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, Pharmaceuticals, Agrochemicals and Others) And By Region (North America, Europe, Asia-Pacific, And Rest of the World) Market Forecast Till 2032

Overview of the Market

The global carboxylic acid market is anticipated to grow at a compound annual growth rate (CAGR) of 5.36% from 2022 to 2032, reaching USD 54,793.81 million in 2032.

A major market segment in the chemical industry, carboxylic acid is essential to many different industries and applications. Because they have a carboxyl group (-COOH), carboxylic acids are organic chemicals that can be used in a variety of consumer and industrial products. They are frequently utilized as raw materials to make food additives, medications, polymers, and personal hygiene items. Numerous reasons, such as the rising demand for convenience foods and beverages, the growing use of carboxylic acids in the pharmaceutical industry, and their expanding uses in the textile and polymer industries, are driving the market for carboxylic acids. Furthermore, the industry is moving toward greener substitutes as a result of growing awareness of the advantages of bio-based carboxylic acids and their environmental sustainability. Market expansion, however, may be hampered by issues such shifting raw material prices and the requirement for strict laws to guarantee product safety and quality assurance.

Perspectives on Market Segments

Acetic acid, ascorbic acid, azelaic acid, formic acid, valeric acid, citric acid, stearic acid, caproic acid, benzoic acid, and others are included in the product-based market segmentation for carboxylic acids. The market was controlled by the acetic acid segment. Also known as acetic acid or ethanoic acid, acetic carboxylic acid is a white liquid with a powerful odor. It serves a variety of industrial and culinary functions and is the main element in vinegar.

Food and drink, fragrances, animal feed, medications, agrochemicals, and other products are all included in the end-use-based carboxylic acid market segmentation.

Regional Perspectives

This market will be dominated by the carboxylic acid market region of North America. Regional market expansion is expected to be driven by the growing demand for carboxylic acids from the chemical, food and beverage, and pharmaceutical industries. Esters of carboxylic acids are also used to make fragrances due to their strong aroma, which is anticipated to boost demand in the region.

Because carboxylic acid derivatives are widely used in the manufacturing of colors, cosmetics, and personal care products, the European carboxylic acid market holds the second-largest market share. Germany makes the largest contribution because it has the largest market for cosmetics and personal care products in the region, followed by France and the UK.

Because of the rapid industrialization, the Asia-Pacific carboxylic acid market is anticipated to grow at the quickest CAGR. Because carboxylic acid derivatives are increasingly being used as additives and preservatives in the burgeoning food and beverage industry, the regional market is expected to grow. Furthermore, the use of carboxylic acids-more especially, butyric, propionic, and citric-in the production of nutritional acidifiers for animal feed is expected to support the growth of the local market.

Key Players

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 numerous others rank among the leading companies in the carboxylic acid market.

Product Code: MRFR/CnM/6766-HCR

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 COMPETITIVE 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