Global Organic Acids Market Growth 2023-2029

Global Organic Acids 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 Acids Industry Forecast” looks at past sales and reviews total world Organic Acids sales in 2022, providing a comprehensive analysis by region and market sector of projected Organic Acids sales for 2023 through 2029. With Organic Acids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Organic Acids industry.

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

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

The global Organic Acids market size is projected to grow from US$ 22990 million in 2022 to US$ 24890 million in 2029; it is expected to grow at a CAGR of 24890 from 2023 to 2029.

Global key players of organic acid include Celanese, BP, Jiangsu Sopo, Huayi, Eastman, etc. Global top five manufacturers hold a share over 32%. The key players are mainly located in North America, China, South Korea, Middle East, Europe and Japan. In terms of product, acetic acid is the largest segment, with a share over 70%. And in terms of application, the largest application is industrial, with a share over 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Organic Acids 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

Segmentation by application
Food & Beverages
Feed
Pharmaceuticals
Industrial
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.
Cargill
BASF
Dupont
Henan Jindan Lactic Acid Technology
Archer Daniels Midland
Eastman Chemical
Myriant
Corbion
Koninklijke DSM
Tate & Lyle
Polynt-Reichhold

Key Questions Addressed in this Report

What is the 10-year outlook for the global Organic Acids market?

What factors are driving Organic Acids market growth, globally and by region?

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

How do Organic Acids market opportunities vary by end market size?

How does Organic Acids 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.