Sorbic Acid for Industrial Grade Market Growth Prospects, Size, Regional Analysis and Forecast 2030
The global Sorbic Acid for Industrial Grade Market is expected to register a steady revenue CAGR during the forecast period. Rapid revenue growth in the pharmaceutical sector and change in global food consumption patterns are major factors driving market revenue growth during the forecast period. However, availability of substitutes is expected to hamper revenue growth of the market.
Sorbic acid is a white crystalline powder used as a preservative. It is also known as E200 and potassium sorbate. Some fruits and berries naturally contain sorbic acid. It can be added to prevent mold, yeast, and bacteria growth. It is also effective at preventing fruit and vegetable discoloration. If stored in a dry place, keeping away from the light, it has an indefinite shelf life. Its mineral salts are primarily used as anti-fungal agents to combat molds and yeasts. Its ability to allow bacterial growth makes it a useful preservative for use in cheese and cheese-based products. In winemaking, it is combined with sulfur dioxide. The sulfur dioxide allows sorbic acid to be converted to alcohol, which eliminates the odor of ether. Natural preservatives have long been used, but the current demand for processed foods and beverages is not being met due to scarcity. As a result, industrially manufactured chemical synthetic preservatives have been developed.
Top Companies Operating in the Global Sorbic Acid for Industrial Grade Market:
· Eastman (U.S.)
· Solvay (Belgium)
· Celanese (U.S.)
· PT HALIM SAKTI PRATAMA (Indonesia)
· Qingdao Kaison Chemicals (China)
· Suzhou-Chem (U.S.)
· Avatar (U.S.)
· KIC Chemicals (U.S.)
· Prinova (U.S.)
· Continental Chemical (U.S.)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.
Table of Contents:
1. Report Overview
1.1 Research Scope
1.2 Key Sorbic Acid for Industrial Grade Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Sorbic Acid for Industrial Grade Market size
2.2 Latest regional market trends
2.3 Emerging growth trends
3. Competitive Outlook
3.1 Global Sorbic Acid for Industrial Grade Market key players
3.2 Global Sorbic Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Sorbic Acid for Industrial Grade Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Sorbic Acid for Industrial Grade Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Animal Feed
- Cosmetics
- Drug
- Packaging Materials
- Others
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