Global Organic Acid Products Market Growth 2023-2029

Global Organic Acid Products Market Growth 2023-2029

An organic acid is an organic compound with acidic properties. The most common organic acids are the carboxylic acids, whose acidity is associated with their carboxyl group –COOH. Sulfonic acids, containing the group –SO2OH, are relatively stronger acids. Alcohols, with –OH, can act as acids but they are usually very weak. The relative stability of the conjugate base of the acid determines its acidity. Other groups can [also] confer acidity, usually weakly: the thiol group –SH, the enol group, and the phenol group. In biological systems, organic compounds containing these groups are generally referred to as organic acids.
LPI (LP Information)' newest research report, the “Organic Acid Products Industry Forecast” looks at past sales and reviews total world Organic Acid Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Organic Acid Products sales for 2023 through 2029. With Organic Acid Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Organic Acid Products industry.
This Insight Report provides a comprehensive analysis of the global Organic Acid Products 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 Organic Acid Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Organic Acid Products market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Organic Acid Products 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 Organic Acid Products.
The global Organic Acid Products market size is projected to grow from US$ 15500 million in 2022 to US$ 19200 million in 2029; it is expected to grow at a CAGR of 19200 from 2023 to 2029.
There are a wide range of organic acid products, the main products being acetic acid and citric acid. In the past five years, acetic acid has always accounted for about 70% of the market share.
Organic acid products are mainly used in industry. organic acid products used in industry have always accounted for more than 60% of the market share.
The global key Organic Acid Products manufacturers include Celanese, BP, Jiangsu Sopo, Huayi, Eastman, Yankuang Cathay Coal Chemicals, etc. The market concentration of Organic Acid Products is medium, with the top 10 players accounts for 32.92% of global revenue share.
The Asia-Pacific region is the main consumer region, accounting for more than 1/2 of the total share in the past six years.
This report presents a comprehensive overview, market shares, and growth opportunities of Organic Acid Products market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Acetic Acid
Citric Acid
Formic Acid
Lactic Acid
Propionic Acid
Ascorbic Acid
Gluconic Acid
Fumaric Acid
Malic Acid
Others
Segmentation by application
Industrial
Food & Beverages
Feed
Pharmaceuticals
Other
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.
Celanese
BP
Jiangsu Sopo
Huayi
Eastman
Yankuang Cathay Coal Chemicals
Chang Chun Group
Lyondellbasell
Shandong Hualu-Hengsheng
Kingboard Chemical
Daicel
Sipchem
Weifang Ensign Industry
TTCA Co
RZBC Group
Cofco Biochemical (Anhui)
Jungbunzlauer Suisse
Tate & Lyle
BASF
LUXI
Corbion-Purac
Cargill
DSM

Key Questions Addressed in this Report
What is the 10-year outlook for the global Organic Acid Products market?
What factors are driving Organic Acid Products market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Organic Acid Products market opportunities vary by end market size?
How does Organic Acid Products 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.