Asia-Pacific Bio-organic Acid Market - Segmented by Application, Product Type, Raw Material, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4520129
  • Report
  • 104 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • BASF SE
  • Bio-Amber
  • Braskem
  • Cargill
  • Dairen Chemicals
  • DSM
  • MORE
The Asia-Pacific bio-organic acid market is expected to register a CAGR of 7.1% during the forecast period. Bio-organic acids are produced from the fermentation of microorganism and are used commercially, such as catalysts, surfactants, and dyes. They are produced from bio-based raw materials, such as corn, maize, sugar, and biomass.

Growing Preference for Organic Acid over its Conventional Counterpart

The demand for organic acids produced from renewable raw materials is growing largely due to the adverse environmental effects of conventional organic acids. Organic acids produced from natural raw material sources can be a potential replacement for synthetic organic acids. Organic acids are one of the key products used to produce a diverse range of intermediates in petrochemical industry. Bio-organic acids can be a potential replacement for petrochemicals in some of the key application areas, such as polymer, food, coatings and healthcare. Organic acids used for these applications include fumaric acid, acrylic acid, lactic acid, succinic acid, and acetic acid, amongst others.

Petrochemical – The Largest Application Market

Bio-renewable organic chemicals, like lactic acid accounted for a significant share in the bio-based chemicals market. The platform bio-chemicals market is hitting market maturity - ranging from mature markets, like lactic acid to nascent markets, like succinic acid. The strongest growth is expected for secondary chemicals, such as PLA, polyhydroxyalkanoate (PHA) and bio-ethylene, which are used to manufacture bio-based plastics. Increasing regulations on applications of petrochemical-based products are acting as a driver for bio-organic acids market. This, in turn, is anticipated to boost the Asia-Pacific bio-organic acids market during the forecast period.

China Dominates the Market

China's bio-organic acid market is growing dynamically. Most bio-organic acid production is concentrated in the north-eastern provinces and on the coast, namely in Shandong, Heilongjiand, and Zhejiang. In recent years, bio-organic acid production in the north-western provinces, like Sichuan, Guizhou and Inner Mongolia has been growing. In order to increase the market share of various global companies in processed organic products and to take account of rising demand in China, more than 50 international companies have taken the initiative to exploit the potential that is undoubtedly present in the country, by setting up various production site and distribution channel.

Major Players: BASF SE, Qingdao Seawin Biotech Group Co., Ltd., Qingdao Future Group, GF Biochemicals, and Mitsubishi Chemicals, amongst others.

Reason to Purchase this Report
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating application and raw material in the market
  • To identify, which countries are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

This report can be customized to meet your requirements. Please contact us for more information.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BASF SE
  • Bio-Amber
  • Braskem
  • Cargill
  • Dairen Chemicals
  • DSM
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Demand from Healthcare Industry
4.1.2 Demand from Emerging Economies
4.2 Restraints
4.2.1 Huge competition from fossil-fuel products
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Shifting focus towards eco-friendly products
4.3.2 Technological Advancements

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Application
5.1.1 Petrochemicals
5.1.2 Healthcare
5.1.3 Textile
5.1.4 Coatings
5.1.5 Food & Beverage
5.1.6 Others
5.2 By Product Type
5.2.1 Bio-lactic Acid
5.2.2 Bio-acetic Acid
5.2.3 Bio-adipic Acid
5.2.4 Bio-acrylic Acid
5.2.5 Bio-succinic Acid
5.2.6 Others
5.3 By Raw Material
5.3.1 Biomass
5.3.2 Corn
5.3.3 Maize
5.3.4 Sugar
5.3.5 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of South America

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Braskem
8.2 BASF SE
8.3 DSM
8.4 Bio-Amber
8.5 Dairen Chemicals
8.6 Myriant
8.7 Mitsubishi Chemicals
8.8 Novozymes
8.9 Genomatica
8.10 NatureWorks LLC
8.11 Cargill
8 *List not exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Braskem
  • BASF SE
  • DSM
  • Bio-Amber
  • Dairen Chemicals
  • Myriant
  • Mitsubishi Chemicals
  • Novozymes
  • Genomatica
  • NatureWorks LLC
  • Cargill
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll