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Global Carboxylic Acid Market (2021-2026) by Product Type, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 170 Pages
  • June 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5410359
The Global Carboxylic Acid Market is estimated to be USD 10.12 Bn in 2021 and is expected to reach USD 13.04 Bn by 2026, growing at a CAGR of 5.2%.

Market Dynamics

The factors such as the rapid increase in industrialization in developed and developing countries and widely use of carboxylic acid in surface modification of nanoparticles such as carbon nanotubes, single walls, and multiple walls, graphene, nanofibers have driven the market growth of carboxylic acid. In addition, major players' increasing research and development activities with the support of different government organizations, increasing government expenditure on the pharmaceutical sector, and the growing demean of carboxylic acid by manufacturers in different medicinal preparation are further creating more opportunities for the global carboxylic acid market growth.

However, various regulations imposed on the production of petroleum-based carboxylic acids with long-chain hydrocarbons and the various health threats allied with the use of certain carboxylic acids in high quantity are likely to hamper the growth of the global market.

Market Segmentation

The Global Carboxylic Acid Market is segmented further based on Product Type, End-User, and Geography.

By Product Type, the market is classified into Acetic Acid, Butyric Acid, Ascorbic Acid, Azelaic Acid, Citric Acid, Formic Acid, Stearic Acid, Valeric Acid, and others. Amongst all, the Acetic Acid segment is estimated to hold the highest market share during the forecast period.

By End-User, the market is classified as Agrochemicals, Animal Feed, Consumer Goods, Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and others. Amongst all, the Food & Beverages segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. BP sells to Ineos 6.5mn t/yr of petchem output in Asia. Purified terephthalic acid production volumes stand at 4.15mn t/yr, followed by acetic acid at 2. 37mn t/yr. - 29th June 2020
2. Oxea expands its production network and builds new plant for carboxylic acids in Oberhausen, Germany - 5th July 2019

Company Profiles

Some of the companies covered in this report are BASF SE, Eastman Chemical Company, Dow, Jiangsu Sopo (Group) Co., Ltd, FinTech Industry Limited, Celanese Corporation, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Carboxylic Acid Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Carboxylic Acid Market

What is the estimated value of the Global Carboxylic Acid Market?

The Global Carboxylic Acid Market was estimated to be valued at $10120 Million in 2021.

What is the growth rate of the Global Carboxylic Acid Market?

The growth rate of the Global Carboxylic Acid Market is 5.2%, with an estimated value of $13040 Million by 2026.

What is the forecasted size of the Global Carboxylic Acid Market?

The Global Carboxylic Acid Market is estimated to be worth $13040 Million by 2026.

Who are the key companies in the Global Carboxylic Acid Market?

Key companies in the Global Carboxylic Acid Market include A. B. Enterprises, Acuro Organics Limited, Alfa Aesar, Ashok Alco, Chem Limited (AACL), BASF SE, Celanese Corporation,, Dow Chemical Company and Finetech Industry Limited.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Development in Cosmetics and Personal Care Industry
4.1.2 The Growing Use of Organic Acid in the Animal Feed Industry
4.2 Restraints
4.2.1 Rigid Rules & Norms Associated with the Production of Carboxylic Acids.
4.2.2 Increasing Threat of Health Hazards Due to Use of Certain Carboxylic Acids
4.3 Opportunities
4.3.1 Acceptance of Carboxylic Acid Derivatives in the Pharmaceutical Industry
4.3.2 Development of Innovative Carboxylic Acid to Increase its Application
4.4 Challenges
4.4.1 High Cost of Carboxylic Acid
4.4.2 Availability of Natural & Organic Substitutes
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Carboxylic Acid Market, By Product Type
6.1 Introduction
6.2 Acetic Acid
6.3 Butyric Acid
6.4 Ascorbic Acid
6.5 Azelaic Acid
6.6 Citric Acid
6.7 Formic Acid
6.8 Stearic Acid
6.9 Valeric Acid
6.10 Others
7 Global Carboxylic Acid Market, By End-Use
7.1 Introduction
7.2 Agrochemicals
7.3 Animal Feed
7.4 Consumer Goods
7.5 Food & Beverages
7.6 Personal Care & Cosmetics
7.7 Pharmaceuticals
7.8 Others
8 Global Carboxylic Acid Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Chile
8.3.4 Colombia
8.4 Europe
8.4.1 UK
8.4.2 France
8.4.3 Germany
8.4.4 Italy
8.4.5 Spain
8.4.6 Netherlands
8.4.7 Sweden
8.4.8 Russia
8.4.9 Rest of Europe
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.5.4 Indonesia
8.5.5 Malaysia
8.5.6 South Korea
8.5.7 Australia
8.5.8 Sri Lanka
8.5.9 Thailand
8.5.10 Rest of APAC
8.6 Middle-East and Africa
8.6.1 Qatar
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 A. B. Enterprises
10.2 Acuro Organics Limited
10.3 Alfa Aesar
10.4 Ashok Alco - Chem Limited (AACL)
10.5 BASF SE
10.6 Celanese Corporation,
10.7 Dow Chemical Company
10.8 Eastman Chemical Company
10.9 Finetech Industry Limited
10.10 Hanwha Chemical Corporation
10.11 Jiangsu Sopo Co. Ltd
10.12 Lyondellbasell Industries N.V.
10.13 Merck Kgaaamong
10.14 Oxea Gmbh
10.15 Perstorp Holdings
10.16 Redox Industries Limited
10.17 Sahkar Pharmaceuticals Private Limited
10.18 Sikko Industries Limited
10.19 Thermo Fisher Scientific
10.20 Thirumalai Chemicals Ltd.
10.21 Triveni Chemicals
10.22 Vandemark Chemical Inc.
10.23 VVF LLC
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • A. B. Enterprises
  • Acuro Organics Limited
  • Alfa Aesar
  • Ashok Alco - Chem Limited (AACL)
  • Celanese Corporation,
  • Dow Chemical Company
  • Eastman Chemical Company
  • Finetech Industry Limited
  • Hanwha Chemical Corporation
  • Jiangsu Sopo Co. Ltd
  • Lyondellbasell Industries N.V.
  • Merck Kgaaamong
  • Oxea Gmbh
  • Perstorp Holdings
  • Redox Industries Limited
  • Sahkar Pharmaceuticals Private Limited
  • Sikko Industries Limited
  • Thermo Fisher Scientific
  • Thirumalai Chemicals Ltd.
  • Triveni Chemicals
  • Vandemark Chemical Inc.