The Asia Pacific Malonic Acid Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 4498.2 tonnes, showcasing a growth of 2.1% (2019-2022).
Incorporating malonic acid into the production of coatings contributes to improved performance characteristics. Coatings formulated with malonic acid-derived intermediates often exhibit enhanced adhesion, durability, and resistance to environmental factors, meeting the requirements of high-performance coatings.
Additionally, shift towards environmentally friendly and low-VOC (volatile organic compound) coatings has led to adopting waterborne coatings. its derivatives produce waterborne coatings, aligning with industry trends and regulatory requirements.
Similarly, as per China.org, in 2021, the combined business revenue of China's pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years. Therefore, due to the above-mentioned factors, the malonic acid market will grow significantly in this region.
The China market dominated the Asia Pacific Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11372.6 Thousands by 2030. The Japan market is registering a CAGR of 2.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 3.4% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Incorporating malonic acid into the production of coatings contributes to improved performance characteristics. Coatings formulated with malonic acid-derived intermediates often exhibit enhanced adhesion, durability, and resistance to environmental factors, meeting the requirements of high-performance coatings.
Additionally, shift towards environmentally friendly and low-VOC (volatile organic compound) coatings has led to adopting waterborne coatings. its derivatives produce waterborne coatings, aligning with industry trends and regulatory requirements.
Similarly, as per China.org, in 2021, the combined business revenue of China's pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years. Therefore, due to the above-mentioned factors, the malonic acid market will grow significantly in this region.
The China market dominated the Asia Pacific Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11372.6 Thousands by 2030. The Japan market is registering a CAGR of 2.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 3.4% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Market Report Segmentation
By Application (Volume, Tonnes, USD Million, 2019-2030)- Flavor Enhancer
- API
- Additive
- pH Controller
- Precurser
- Others
- Food & Beverage
- Pharmaceutical
- Agriculture
- Plastics
- Paints & Coatings
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Asia Pacific Malonic Acid Market by Application
Chapter 6. Asia Pacific Malonic Acid Market by End-Use
Chapter 7. Asia Pacific Malonic Acid Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- 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.
Methodology
LOADING...
