Global Carboxylic Acid Market Growth 2023-2029

Global Carboxylic Acid Market Growth 2023-2029

A carboxylic acid is an organic compound that contains a carboxyl group (C(=O)OH). The general formula of a carboxylic acid is R–COOH, with R referring to the rest of the (possibly quite large) molecule. Carboxylic acids occur widely and include the amino acids (which make up proteins) and acetic acid (which is part of vinegar and occurs in metabolism).

LPI (LP Information)' newest research report, the “Carboxylic Acid Industry Forecast” looks at past sales and reviews total world Carboxylic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Carboxylic Acid sales for 2023 through 2029. With Carboxylic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carboxylic Acid industry.

This Insight Report provides a comprehensive analysis of the global Carboxylic 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 Carboxylic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Carboxylic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carboxylic 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 Carboxylic Acid.

The global Carboxylic Acid market size is projected to grow from US$ 12760 million in 2022 to US$ 16970 million in 2029; it is expected to grow at a CAGR of 16970 from 2023 to 2029.

Increasing demand for cosmetics and personal care products will also catalyze the global carboxylic acid market demand. Extensive usage of stearic, butyric, and valeric acids in the manufacturing of these products will influence the global carboxylic acid market in the forecast period. Rising awareness among the people about cosmetics and beauty products, in addition to increasing disposable income, will propel the market size considerably in the upcoming years. Usage of the acids for esterification to provide the fragrance and for prevention of microbes, tend to have a prevailing effect on the market. More than 80% of these personal care products are for cosmetics, skin care products, fragrances, and hair care products.

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

Market Segmentation:

Segmentation by type
Acetic
Valeric
Isovaleric
Formic
Propionic
Butyric
Isobutyric
Citric
Caproic
Stearic

Segmentation by application
Food & Beverages
Animal Feed
Pharmaceuticals
Personal Care & Cosmetics
Consumer Goods
Lubricants
Agrochemicals
Textiles
Chemical Intermediates

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.
BASF
Celanese Corporation
Eastman Chemical Company
Perstorp Holdings
The Dow Chemical Company
Alfa Aesar (Thermo Fisher Scientific)
Ashok Alco – chem
Finetech Industry
Jiangsu Sopo Group
LyondellBasell Industries
OXEA
Shenyang Zhangming Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Carboxylic Acid market?

What factors are driving Carboxylic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Carboxylic Acid market opportunities vary by end market size?

How does Carboxylic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.