Global Carboxylic Acid Market: Insights, Market Size, Share, Growth, Trends Analysis and Forecast to 2021

  • ID: 3615545
  • Report
  • Region: Global
  • 120 pages
  • Infinium Global Research
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Global Carboxylic Acid Market is Primarily Driven by Increasing Demand in the Animal Feed and Food & Beverage Industries

FEATURED COMPANIES

  • BASF SE
  • Celanese Corporation
  • Eastman Chemical Company
  • Finetech Industry Limited
  • Jiangsu Sopo Co. Ltd.
  • OWEA
  • MORE
Carboxylic acid is an organic compound belongs to the carboxyl group, -COOH in chemical structure. This fatty acid compound has strong odor, high boiling point and is also classified as weak acids. Carboxylic acid is one of the most important industrial compounds used in the manufacture of rubber, animal feed, soaps, detergents, textiles, dyes, pharmaceuticals, perfumes and others. Compounds with fatty acid are also used in the manufacture of plastics, crayons and grease. Global carboxylic acid market is segmented on the basis of products such as acetic acid, formic acid, valeric acid, isovaleric acid, propionic acid, citric acid, caproic acid, stearic acid, butyric acid, isobutyric acid and others (such as benzoic acid). On the basis of end users the global carboxylic acid market can be segmented as animal feed, food & beverages, consumer goods, personal care & cosmetics, pharmaceuticals, lubricants and others (such as textiles, leather, rubber, agrochemicals).

Global carboxylic acid market is primarily driven by increasing demand in the animal feed (for acids such as butyric, formic and propionic) and food & beverage industries, it is expected to propel the market over the forecast period. Furthermore, rising demand for stearic acid, valeric acid and butyric acid in the cosmetic and personal care industry is likely to drive the global carboxylic acid market. On the other hand, stringent regulatory and legislative actions against the production of petroleum based carboxylic acids are one of the restraints in the global carboxylic acid market. Additionally, easily available substitutes for various applications are likely to restrain carboxylic acid market growth globally.

Asia-Pacific region is dominant consumer of carboxylic acid, rising industries have accelerated demand for the compound and is expected to continue over the forecast period. China is one of the major markets in the region due to growth in food & beverages, textile and consumer goods industries. Furthermore, increase in production capacities of pharmaceutical, plastic and lubricant industries in India, China, Indonesia and South Korea is expected to boost demand for carboxylic acid in coming future. Additionally, the US market is expected to witness high demand for carboxylic acid which is largely used in drug formulations such as antibiotics, anticoagulants, cholesterol lowering satins and anti-inflammatory drugs. Moreover, increase in geriatric population is driving pharmaceuticals segment leading to growth of carboxylic acid market.

Some of the key players operating in the global carboxylic acid market are OWEA, BASF SE, Celanese Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., Eastman Chemical Company, Finetech Industry Limited, Perstorp Holdings AB, Jiangsu Sopo Co. Ltd., Hanwha Chemical Corporation and others.
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FEATURED COMPANIES

  • BASF SE
  • Celanese Corporation
  • Eastman Chemical Company
  • Finetech Industry Limited
  • Jiangsu Sopo Co. Ltd.
  • OWEA
  • MORE
1 Introduction
1.1 Report Description
1.1.1 Definitions, Abbreviations, & Assumptions
1.1.2 Segmentation and Research Scope
1.2 Research Methodology
1.2.1 Methodology
1.2.2 Data Collection Matrix:
1.3 Research Approaches

2 Executive Summary
2.1 Global Carboxylic Acid Market Highlights, (USD Million)
2.2 Global Carboxylic Acid Market Projection, 2015-2021 (USD Million, Kilo Tons )
2.3 Global Carboxylic Acid Market CAGR (Volume) Growth by Regions

3 Market Overview and Competitiveness
3.1 Introduction
3.2 DRO Analysis
3.2.1 Drivers
3.2.1.1 Driver 1
3.2.1.2 Driver 2
3.2.1.3 Driver 3
3.2.2 Restraints
3.2.2.1 Restraint 1
3.2.2.2 Restraint 2
3.2.3 Opportunities
3.2.3.1 Opportunity
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitutes
3.3.5 Industrial Rivalry/Degree of Competition
3.4 Value Chain Analysis
3.5 Growth Matrix Analysis

4 Global Carboxylic Acid Market by Product
4.1 Introduction
4.2 Acetic Acid
4.3 Formic Acid
4.4 Valeric Acid
4.5 Isovaleric Acid
4.6 Propionic Acid
4.7 Citric Acid
4.8 Caproic Acid
4.9 Stearic Acid
4.10 Butyric Acid
4.11 Isobutyric Acid
4.12 Others

5 Global Carboxylic Acid Market by Industry Applications
5.1 Introduction
5.2 Animal Feed
5.3 Food & Beverages
5.4 Consumer Goods
5.5 Personal Care & Cosmetics
5.6 Pharmaceuticals
5.7 Lubricants
5.8 Others

6 Global Carboxylic Acid Market, by Geography
6.1 North America Carboxylic Acid Market
6.1.1 North America Carboxylic Acid Market by Product
6.1.2 North America Carboxylic Acid Market by Industry Applications
6.1.3 North America Carboxylic Acid Market by Country
6.2 Europe Carboxylic Acid Market
6.2.1 Europe Carboxylic Acid Market by Product
6.2.2 Europe Carboxylic Acid Market by Industry Applications
6.2.3 Europe Carboxylic Acid Market by Country
6.3 Asia-Pacific Carboxylic Acid Market
6.3.1 Asia-Pacific Carboxylic Acid Market by Product
6.3.2 Asia-Pacific Carboxylic Acid Market by Industry Applications
6.3.3 Asia-Pacific Carboxylic Acid Market by Country
6.4 ROW Carboxylic Acid Market
6.4.1 ROW Carboxylic Acid Market by Product
6.4.2 ROW Carboxylic Acid Market by Industry Applications
6.4.3 ROW Carboxylic Acid Market by Country

7 Industry Landscape and Highlights

8 Company Profiles
8.1 Overview
8.2 BASF SE.
8.3 OWEA.
8.4 Celanese Corporation
8.5 The Dow Chemical Company
8.6 Lyondellbasell Industries N.V
8.7 Eastman Chemical Company
8.8 Finetech Industry Limited
8.9 Perstorp Holdings AB
8.10 Jiangsu Sopo Co. Ltd
8.11 Hanwha Chemical Corporation
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- BASF SE
- Celanese Corporation
- Eastman Chemical Company
- Finetech Industry Limited
- Hanwha Chemical Corporation
- Jiangsu Sopo Co. Ltd.
- LyondellBasell Industries N.V.
- OWEA
- Perstorp Holdings AB
- The Dow Chemical Company
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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