Global outlook For Carboxylic Acid Market size, by application, 2017-2024

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Global Carboxylic Acid Market Emerging Trends
and New Technologies Research 2017 - 2024
Carboxylic Acid Market Size By Product (Acetic,
Valeric, Isovaleric, Formic, Propionic, Butyric,
Isobutyric, Citric, Caproic, Stearic), By
End-User (Food Beverages, Animal Feed, Personal
Care Cosmetics, Lubricants, Consumer Goods),
Industry Analysis Report, Regional Outlook (U.S.,
Canada, UK, France, Spain, Japan, Australia,
Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC), Application Growth Potential, Price
Trends, Competitive Market Share Forecast, 2016
2024
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Global Market Scenario of Carboxylic Acid

• Carboxylic acid market revenue is forecast to
  display a high surge over the coming seven years,
  owing to its wide applications across consumer
  goods, food beverages, pharmaceuticals,
  lubricants, animal feed, and personal care
  cosmetics.
• Rising application of organic acids as growth
  promoters in the animal feed additives market is
  projected to drive the carboxylic acid industry
  size over the coming years.
• According to Global Market Insights, Inc.,
  Carboxylic acid market size is projected to hit
  USD 20 billion by 2024.
• Moreover, enhanced use of vinyl acetate monomer
  for storing and packing food products
  beverages, is anticipated to drive the industry
  growth in the near future.

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U.S. Carboxylic Acid Market size, by end-user,
2015 2024 (USD million)
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Products Insights

• Carboxylic acid industry is segmented into
  isobutyric acid, acetic acid, propionic acid,
  isovaleric acid, formic acid, valeric acid,
  butyric acid, caproic acid, citric acid, and
  stearic acid. Rising application of acetic acid
  across food beverages sector is expected to
  boost the industry growth over the coming seven
  years. Acetic acid market is predicted to
  contribute significantly towards the overall
  industry revenue, having attained revenue of USD
  5.5 billion in 2015. Furthermore, stearic acid
  market is anticipated to stimulate the industry
  growth over the next few years, driven by its
  extensive use across cosmetics personal care
  sector along with its growing application in
  lubricants softening products.

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Regional and Competitive Insights

• Asia Pacific carboxylic acid industry, which
  accounted for nearly 50 of overall revenue in
  2015, is forecast to record a CAGR of 5 over the
  period of 2016-2024, on account of massive growth
  observed across consumer goods and food
  beverages sector. Japan and China are predicted
  to be the major revenue pockets.
• North America carboxylic acid market value, which
  was estimated at USD 2 billion in 2015, is
  anticipated to observe a high surge over the next
  few years.
• Key industry participants include Celanese
  Corporation, LyondellBasell Industries, Jiangsu
  Sopo Group, Alfa Aesar, The Dow Chemical Company,
  BASF SE, Eastman Chemical Company, Perstorp
  Holding, and OXEA Corporation.

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