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Global Organic Acids Market was valued at $16,837 million in 2016, and is expected to reach $29,197 million by 2023, registering a CAGR of 8.3% from 2017 to 2023.
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OrganicAcidsMarket Global Opportunity Analysis and Industry Forecast, 2017-2023
Introduction • The global market was valued $16,837 million in 2016, and is projected to reach $29,197 million by 2023, growing at a CAGR of 8.3% from 2017 to 2023. The acetic acid segment held approximately one-third of the total market share in 2016.
Introduction • Organic acids are compounds that possess a carbon atom in its structure and have a molecular formula RCOOH. Citric acid, acetic acid, lactic acid, tartaric acid, malic acid, gluconic acid, propionic acid, and fumaric acid are some of the organic acids used widely in end-use applications such as during formation of drugs, textiles, and adhesives.
Table Of Content • Chapter: 1. Introduction • Chapter: 2. Executive Summary • Chapter: 3. Market Overview • Chapter: 4. Global Organic Acids Market, By Type • Chapter: 5. Global Organic Acids Market, By Technology • Chapter: 7. Global Organic Acids Market, By Geography • Chapter: 8. Company Profiles
Table Of Content • Archer Daniels Midland Company • Basf SE • Cargill, INC. • Calanese Corporation • E.I. Dupont De Nemours And Company • Eastman Chemical Company
Analyst Review • Increase in adoption of organic acids in food & beverage preservation and oil & gas well stimulation treatments fuels the growth of the global organic acids market. Organic acids are less reactive towards metals due to which these are commonly deployed at high bottom hole temperatures and during long contact durations between acid and pipe, such as during the process of perforation. Continued investments in developing countries and anticipated recovery in global markets are expected to drive the market growth.
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