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

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