Carboxylic Acid Market Size, Shares, Trends, Future Demand and Revenue Analysis
Global carboxylic acid market was valued at USD 9879.85 million in 2021 and is expected to reach USD 14820.96 million by 2029, registering a CAGR of 5.2% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Carboxylic acid is a polar chemical molecule of the carboxyl functional group that deprotonates to create carboxylate anion. Because of the strong hydrogen bonding, these compounds have a higher boiling point than water. Carboxylic acid groups are more acidic than other organic molecules containing hydroxyl groups, but less acidic than mineral acids like sulfuric acid and hydrochloric acid. The surging usage of organic acids due to their antimicrobial benefits as well as the high nutritional value as animal feed additives and agrochemical-market-749'>agrochemical formulations will further propel the growth rate of carboxylic acid market. Additionally, the escalating consumption rate of poultry and swine for their health beneficiary protein content will also drive market value growth. The growing use of organic acid in animal feed industry to prevent growth of microbes combined with recognition of its beneficial properties such as the high strength, lightweight, corrosion resistance, immense flexibility, good holder of thermal and electrical conductivity are also projected to bolster the growth of the market.
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Scope of the Carboxylic Acid Market Report:
The carboxylic acid market is segmented on the basis of product and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Acetic Acid
- Valeric Acid
- Isovaleric Acid
- Formic Acid
- Propionic Acid
- Butyric Acid
- Isobutyric Acid
- Citric Acid
- Caproic Acid
- Stearic Acid
- Others
End- Users
- Food and beverages
- Animal Feed
- Pharmaceuticals
- Personal care and Cosmetics
- Consumer Goods
- Lubricants
- Others
Access Full Report: https://www.databridgemarketresearch.com/reports/global-carboxylic-acid-market
Carboxylic Acid Market Regional Analysis/Insights
The Carboxylic Acid market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Carboxylic Acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Carboxylic Acid within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Carboxylic Acid market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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