North America Malonic Acid Market Size, Share & Trends Analysis Report By Application (Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others), By End Use, By Country and Growth Forecast, 2023 - 2030
The North America Malonic Acid Market would witness market growth of 2.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 3,614.2 tonnes, showcasing a growth of 1.8% (2019-2022).
Malonic acid is a carboxylic acid with the chemical formula C3H4O4. It dissolves in ethanol and water and is a crystalline powder with a sharp taste. It is a key precursor in the synthesis of barbiturates, which are central nervous system depressants used as sedatives and anticonvulsant medications.
Additionally, it is vital in synthesizing thiamine (Vitamin B1), an essential nutrient in energy metabolism and nerve function. It produces agrochemicals and pesticides, improving crop protection and agricultural productivity.
As per the International Trade Administration (ITA), in the first half of 2022, the Canadian cosmetics industry was the fastest-growing industry in the country. In 2022, Canada's personal care and beauty sector earned around $11 billion in revenue. This and its derivatives are known for their moisturizing properties, which can benefit anti-aging skincare formulations in Canada.
The US market dominated the North America Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22,324.1 Thousands by 2030. Canada market is experiencing a CAGR of 3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.6% during (2023 - 2030).
Based on Application, the market is segmented into Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others. Based on End Use, the market is segmented into Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Trace Zero LLC
- Lygos Inc.
- Wuhan Amino Acid Bio-Chemical Co., Ltd
- Hefei TNJ Chemical Industry Co.,Ltd.
- Hebei jingye group
- Shandong Lixing Chemical Co. Ltd.
- Nanjing Perlove Medical Equipment Co., Ltd.
- Wacker Chemie AG
- Thermo Fisher Scientific, Inc.
- Lonza Group Ltd.
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Flavor Enhancer
- API
- Additive
- pH Controller
- Precurser
- Others
- Food & Beverage
- Pharmaceutical
- Agriculture
- Plastics
- Paints & Coatings
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Malonic Acid Market, by Application
- 1.4.2 North America Malonic Acid Market, by End Use
- 1.4.3 North America Malonic Acid Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Malonic Acid Market.
- Chapter 5. North America Malonic Acid Market by Application
- 5.1 North America Flavor Enhancer Market by Country
- 5.2 North America API Market by Country
- 5.3 North America Additive Market by Country
- 5.4 North America pH Controller Market by Country
- 5.5 North America Precurser Market by Country
- 5.6 North America Others Market by Country
- Chapter 6. North America Malonic Acid Market by End-Use
- 6.1 North America Food & Beverage Market by Country
- 6.2 North America Pharmaceutical Market by Country
- 6.3 North America Agriculture Market by Country
- 6.4 North America Plastics Market by Country
- 6.5 North America Paints & Coatings Market by Country
- 6.6 North America Others Market by Country
- Chapter 7. North America Malonic Acid Market by Country
- 7.1 US Malonic Acid Market
- 7.1.1 US Malonic Acid Market by Application
- 7.1.2 US Malonic Acid Market by End-Use
- 7.2 Canada Malonic Acid Market
- 7.2.1 Canada Malonic Acid Market by Application
- 7.2.2 Canada Malonic Acid Market by End-Use
- 7.3 Mexico Malonic Acid Market
- 7.3.1 Mexico Malonic Acid Market by Application
- 7.3.2 Mexico Malonic Acid Market by End-Use
- 7.4 Rest of North America Malonic Acid Market
- 7.4.1 Rest of North America Malonic Acid Market by Application
- 7.4.2 Rest of North America Malonic Acid Market by End-Use
- Chapter 8. Company Profiles
- 8.1 Trace Zero LLC
- 8.1.1 Company Overview
- 8.2 Lygos Inc.
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 Wuhan Amino Acid Bio-Chemical Co., Ltd.
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 Hefei TNJ Chemical Industry Co.,Ltd.
- 8.4.1 Company Overview
- 8.5 Hebei jingye group
- 8.5.1 Company Overview
- 8.5.2 Recent strategies and developments:
- 8.5.2.1 Acquisition and Mergers:
- 8.6 Shandong Lixing Advanced Material Co., Ltd.
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 Nanjing Perlove Medical Equipment Co., Ltd.
- 8.7.1 Company Overview
- 8.8 Wacker Chemie AG
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Partnerships, Collaborations, and Agreements:
- 8.8.5.2 Acquisition and Mergers:
- 8.8.6 SWOT Analysis
- 8.9 Thermo Fisher Scientific, Inc.
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. Lonza Group Ltd.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 Recent strategies and developments:
- 8.10.5.1 Partnerships, Collaborations, and Agreements:
- 8.10.5.2 Acquisition and Mergers:
- 8.10.6 SWOT Analysis
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