Carboxylic Acid is an organic compound that contains a carboxyl group (C(=O)OH). The general formula of a carboxylic acid is R–COOH, with R referring to the rest of the (possibly quite large) molecule. Carboxylic Acid occur widely and include the amino acids (which make up proteins) and acetic acid (which is part of vinegar and occurs in metabolism).
Increasing demand for cosmetics and personal care products will also catalyze the global Carboxylic Acid market demand. Extensive usage of stearic, butyric, and valeric acids in the manufacturing of these products will influence the global Carboxylic Acid market in the forecast period. Rising awareness among the people about cosmetics and beauty products, in addition to increasing disposable income, will propel the market size considerably in the upcoming years. Usage of the acids for esterification to provide the fragrance and for prevention of microbes, tend to have a prevailing effect on the market. More than 80% of these personal care products are for cosmetics, skin care products, fragrances, and hair care products.
Another important Carboxylic Acid market share booster is anticipated to be the growing use of organic acid in animal feed industry in order to prevent growth of microbes. Carboxylic acid such as formic acid and propionic acid prevent the growth of salmonella that contaminate the food and causes diseases to animals as well as humans. More than 45% of the global animal feed market is dedicated to poultry and more than a quarter is used for swine. The escalating consumption rate of poultry and swine for their health beneficiary protein content is likely to boost the global carboxylic acid market size as animal feed additive. Regulations regarding banning of antibiotic growth promoters in animal feed, especially for poultry, swine, and cattle, will also have a positive effect on the industry.Asia Pacific, powered by China, is a dominant manufacturer of carboxylic acid, at present. China not only produces maximum carboxylic acid, but also consumes it because of key end-use industries such as consumer goods, lubricants, food and beverages. Asia Pacific is also an upcoming hub for the production of bio-based chemicals.
The global Carboxylic Acid market is valued at 12.14 billion US$ in 2014 is expected to reach 18.49 million US$ by the end of 2023, growing at a CAGR of 5.1% during 2015-2023.
This report focuses on Carboxylic Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Carboxylic Acid market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers Of carboxylic acid are covered:
- Celanese Corporation
- Eastman Chemical Company
- Perstorp Holdings
- The Dow Chemical Company
- Alfa Aesar (Thermo Fisher Scientific)
- Ashok Alco – chem
- Finetech Industry
- Jiangsu Sopo Group
- LyondellBasell Industries
- Shenyang Zhangming Chemical
Carboxylic Acid Segment by Regions
- North America
Carboxylic Acid Segment by Type
Carboxylic Acid Segment by Application
- Food & Beverages
- Animal Feed
- Personal Care & Cosmetics
- Consumer Goods
- Chemical Intermediates
Table of content
1 Carboxylic Acid Market Overview
1.1 Product Overview and Scope of Carboxylic Acid
1.2 Carboxylic Acid Segment by Type
1.2.1 Global Carboxylic Acid Production Growth Rate Comparison by Type (2014-2025)
1.3 Carboxylic Acid Segment by Application
1.3.1 Carboxylic Acid Consumption Comparison by Application (2014-2025)
1.3.2 Food & Beverages
1.3.3 Animal Feed
1.3.5 Personal Care & Cosmetics
1.3.6 Consumer Goods
1.3.10 Chemical Intermediates
1.4 Global Carboxylic Acid Market by Region
1.4.1 Global Carboxylic Acid Market Size Region
1.4.2 North America Status and Prospect (2014-2025)
1.4.3 Europe Status and Prospect (2014-2025)
1.4.4 China Status and Prospect (2014-2025)
1.4.5 Japan Status and Prospect (2014-2025)
1.5 Global Carboxylic Acid Market Size
1.5.1 Global Carboxylic Acid Revenue (2014-2025)
1.5.2 Global Carboxylic Acid Production (2014-2025)
2 Global Carboxylic Acid Market Competition by Manufacturers
Key Questions Addressed by the Report
- What is the growth perspective of the Carboxylic Acid Market and the key dynamics and trends governing the market?
- What are key sustainability strategies adopted by the leading players in the Carboxylic Acid Market?
- What are the new and emerging technologies and use cases disrupting the Carboxylic Acid industry?
- What are the key applications where Carboxylic Acid plays a significant role?
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