The U.S. acids market size is expected to reach USD 9.6 billion by 2028. The market is estimated to reach a CAGR of 5.4% from 2021 to 2028. This growth is attributed to the rising product application scope in food and beverages. Growing utilization of the product in cattle feed to improve the milk production in the ruminants such as cow and sheep is another factor driving the market.
The market for inorganic acid is growing at a significant rate due to the rising consumption of fertilizers and agrochemicals in the agricultural industry. It is used in paper and pulp production for the generation of carbon dioxide, pH adjustments, and tall oil splitting. It is also used to make a protective layer over a metal workpiece such as silver, aluminum, tin, steel, and cadmium.
Organic acids are used in the agricultural system to improve soil, promote plant growth, and controls diseases. It is also used to enhance decomposition, increase soil humus formation, and release plant nutrients. In the personal care and cosmetic industry, it is used to adjust pH concentrations in products and remove dead cells. It is used in acne and anti-aging creams as it helps to reduce wrinkles, decrease blemishes, provide an even skin tone and a smooth skin texture. Its demand for food and beverages is expected to increase owing to its growing penetration in the meat, poultry, and seafood industries. This is expected to boost product demand over the forecast period.
The majority of the players operating in the development and advancement of acids are highly competitive, with the majority of the companies focusing on the development of new products with eco-friendly characteristics and catering to a broader application market. These factors are poised to reflect substantial growth of butyric, malic, and benzoic acids, among others in the market space.
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The market for inorganic acid is growing at a significant rate due to the rising consumption of fertilizers and agrochemicals in the agricultural industry. It is used in paper and pulp production for the generation of carbon dioxide, pH adjustments, and tall oil splitting. It is also used to make a protective layer over a metal workpiece such as silver, aluminum, tin, steel, and cadmium.
Organic acids are used in the agricultural system to improve soil, promote plant growth, and controls diseases. It is also used to enhance decomposition, increase soil humus formation, and release plant nutrients. In the personal care and cosmetic industry, it is used to adjust pH concentrations in products and remove dead cells. It is used in acne and anti-aging creams as it helps to reduce wrinkles, decrease blemishes, provide an even skin tone and a smooth skin texture. Its demand for food and beverages is expected to increase owing to its growing penetration in the meat, poultry, and seafood industries. This is expected to boost product demand over the forecast period.
The majority of the players operating in the development and advancement of acids are highly competitive, with the majority of the companies focusing on the development of new products with eco-friendly characteristics and catering to a broader application market. These factors are poised to reflect substantial growth of butyric, malic, and benzoic acids, among others in the market space.
U.S. Acids Market Report Highlights
- The market is expected to witness significant revenue-based CAGR of 5.4% owing to rising product demand in several end-use industries such as animal feed, food and beverage, pharmaceuticals, and personal care
- The organic acid segment dominated the industry in 2020 with a revenue share of more than 70.0%, considering the high demand for citric, acetic, formic, lactic, ascorbic, succinic, propionic, and fumaric acids
- Inorganic acids are widely used in the agriculture sector having a percentage share of more than 39% in 2020 due to high demand in the production of agricultural pesticides
- The strong presence of animal feed and feed additive manufacturing companies, especially in developing economies is anticipated to positively influence the demand for the market
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Table of Contents
Chapter 1. Methodology and Scope1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 The Publisher's Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.4 Information Analysis & Data Analysis Models
1.5 Market Research Approaches
1.6 Research Scope and Assumptions
1.7 List to Data Source
Chapter 2. Executive Summary
2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3. U.S.Acids Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Acids Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing Trends
3.3.3 Sales Channel Analysis
3.4 Price Trend Analysis, 2017 - 2028
3.5 Regulatory Framework
3.6 Impact of COVID-19 Pandemic
3.7 Market Dynamics
3.7.1 Market Driver Analysis
3.7.2 Market Restraint Analysis
3.7.3 Industry Challenges
3.7.4 Market Opportunity Analysis
3.8 U.S. Acids Market: Business Environment Analysis
3.8.1 Supplier Power
3.8.2 Buyer Power
3.8.3 Substitution Threat
3.8.4 Threat of New Entrant
3.8.5 Competitive Rivalry
3.9 U.S. Acids Market: Macro Economic Analysis
Chapter 4. U.S. Acids Market: Type Estimates & Trend Analysis
4.1 Type Movement Analysis & Market Share, 2020 & 2028
4.2 Market Size & Forecasts and Trend Analysis, 2017 to 2028 for the Following:
4.2.1 Organic
4.2.1.1 U.S. Organic Acids Market Estimates & Forecasts, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.2 Personal Care & Cosmetics
4.2.1.2.1 U.S. Organic Acids Market Estimates & Forecasts, in Personal Care & Cosmetics, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.3 Food & Beverages
4.2.1.3.1 U.S. Organic Acids Market Estimates & Forecasts, in Food & Beverages, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.4 Pharmaceutical
4.2.1.4.1 U.S. Organic Acids Market Estimates & Forecasts, in Pharmaceuticals, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.5 Animal Feed
4.2.1.5.1 U.S. Organic Acids Market Estimates & Forecasts, in Animal Feed, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.6 Chemical Manufacturing
4.2.1.6.1 U.S. Organic Acids Market Estimates & Forecasts, in Chemical Manufacturing, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.7 Agriculture
4.2.1.7.1 U.S. Organic Acids Market Estimates & Forecasts, in Agriculture, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.8 Consumer Goods
4.2.1.8.1 U.S. Organic Acids Market Estimates & Forecasts, in Consumer Goods, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.9 Lubricants
4.2.1.9.1 U.S. Organic Acids Market Estimates & Forecasts, in Lubricants, 2017 - 2028 (Million Tons) (USD Billion)
4.2.1.10 Others
4.2.1.10.1 U.S. Organic Acids Market Estimates & Forecasts, in Others, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2 Inorganic
4.2.2.1 U.S. Inorganic Acids Market Estimates & Forecasts, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.2 Agriculture
4.2.2.2.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Agriculture, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.3 Paints & Coatings
4.2.2.3.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Paints & Coatings, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.4 Textiles
4.2.2.4.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Textiles, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.5 Petroleum
4.2.2.5.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Petroleum, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.6 Metalworking
4.2.2.6.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Metalworking, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.7 Wastewater Treatment
4.2.2.7.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Wastewater Treatment, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.8 Chemical Manufacturing
4.2.2.8.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Chemical Manufacturing, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.9 Pulp & Paper
4.2.2.9.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Pulp & Paper, 2017 - 2028 (Million Tons) (USD Billion)
4.2.2.10 Others
4.2.2.10.1 U.S. Inorganic Acids Market Estimates & Forecasts, in Others, 2017 - 2028 (Million Tons) (USD Billion)
Chapter 5. U.S. Acids Market: Competitive Analysis
5.1 Key Global Players & Recent Development
5.2 Vendor Landscape
5.2.1 List of Raw Material Suppliers
5.2.2 List of Key Manufacturers
5.2.3 List of Potential End-Users
5.3 Competitive Environment
5.4 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
Chapter 6. U.S. Acids Market: Company Profile
6.1 Akzo Nobel Nv
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Portfolio
6.1.4 Strategic Initiative
6.2 Basic Chemical Solutions LLC
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Portfolio
6.2.4 Strategic Initiative
6.3 Pvs Chemicals, Inc.
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Portfolio
6.3.4 Strategic Initiative
6.4 Navin Fluorine International Limited
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Portfolio
6.4.4 Strategic Initiative
6.5 Cargill Inc.
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Portfolio
6.5.4 Strategic Initiatives
6.6 The Dow Chemical Company
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Portfolio
6.6.4 Strategic Initiatives
6.7 Basf Se
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Portfolio
6.7.4 Strategic Initiatives
6.8 Tate & Lyle plc
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Portfolio
6.9 Ajinomotoco., Inc.
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Portfolio
6.9.4 Strategic Initiatives
6.10 Adisseo
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Portfolio
6.10.4 Strategic InitiativesList of Tables
Table 1 Organic Acid vs Inorganic Acid - Differentiation
Table 2 U.S. Acids Market Volume Estimates and Forecasts, by Type, 2017 - 2028 (Million tons)
Table 3 U.S. Acids Market Revenue Estimates and Forecasts, by Type, 2017 - 2028 (USD Billion)
Table 4 Organic Acids Market Volume Estimates and Forecasts, by Application, 2017 - 2028 (Million tons)
Table 5 Organic Acids Market Revenue Estimates and Forecasts, by Application, 2017 - 2028 (USD Billion)
Table 6 Inorganic Acids Market Volume Estimates and Forecasts, by Application, 2017 - 2028 (Million tons)
Table 7 Inorganic Acids Market Revenue Estimates and Forecasts, by Application, 2017 - 2028 (USD Billion)List of Figures
Fig. 1 U.S. Acids market segmentation
Fig. 2 Data Sources for Information Procurement
Fig. 3 Information Analysis
Fig. 4 Bottom-up Approach
Fig. 5 Top-down Approach
Fig. 6 Combined Approach
Fig. 7 Value Chain Based Sizing & Forecasting
Fig. 8 Market Formulation and Validation
Fig. 9 U.S. Acids Market Outlook
Fig. 10 Type Segment Outlook, 2020 (Million tons)
Fig. 11 U.S. Acids Market Volume & Revenue, 2017 - 2028 (Million Tons) (USD Billion)
Fig. 12 U.S. Acids market Value Chain
Fig. 13 U.S. Acids Market - Market Dynamics
Fig. 14 U.S. Acids Market: Business Environment Analysis
Fig. 15 U.S. Acids Market: Macro Economic Analysis
Fig. 16 U.S. Acids Market Type Movement Analysis & Market Share, 2020 & 2028 (%)
Companies Mentioned
- Adisseo
- Ajinomotoco., Inc.
- Akzo Nobel Nv
- Basf Se
- Basic Chemical Solutions Llc
- Cargill Inc.
- Navin Fluorine International Limited
- Pvs Chemicals, Inc.
- Tate & Lyle Plc
- The Dow Chemical Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 6.5 Billion |
| Forecasted Market Value ( USD | $ 9.6 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
