Organic acids are hydrocarbon based compounds which have acidic properties. These are relatively weaker acids and thus are used where time of contact required is longer and at higher temperatures where mineral acids tend to fail. Increasing demand in the pharmaceutical industry coupled with investment on R&D to develop bio-based mild acids, are driving the organic acid market. Considerable growth in the food industry and increasing purchasing power are also contributing to high growth of organic acids market.

Citric acid and lactic acid are the most significant contributors in the organic acid market. Molasses and starch are the widely used raw materials in the processing of organic acid. Asia Pacific has the largest market of organic acid which is a result of increased industrialization in the developing countries such as China and India. North America and Europe has sluggish growth due to stringent regulations on the use of synthetic organic acids. The market has intense competition and some of the key players operating in the market are Dow Chemical Company, E. I. du Pont de Nemours and Company and BASF SE, among many others.

The study of the global organic acid market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. The study provides better understanding of the companies.

Report Scope:

• Types
  
  
  
  • Acetic Acid
  
  
  
  

• Applications
  
  
  
  • Food & Beverage
  
  
  • Petrochemicals
  
  
  • Pharmaceuticals
  
  
  • Textile
  
  
  • Others
  
  
  
  


• Regions
  
  
  
  • Asia Pacific
  
  
  • Europe
  
  
  • North America
  
  
  • Rest of the World
  
  
  
  

• Industry outlook: market trends and drivers, restraints, and opportunities