Jul 18, 2017   SOURCE: BusinessWire

Organic Acids Market to Reach $11.3 Billion by 2022 - Analysis by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid) - Research and Markets

The "Organic Acids Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The organic acids market is projected to grow at a CAGR of 5.48% from 2017 to 2022, to reach a projected value of USD 11.39 Billion by 2022.

The market is primarily driven by factors such as the wide use of organic acids in various applications such as plastic making, tanning, textiles, paper, metal, colors & dyes, lubricants, in food & beverage applications, and cosmetic manufacturing. One of the major restraints in the growth of the organic acids market is the price and availability of raw materials and infrastructural & technological barriers.

Citric acid as a type of organic acid is projected to grow at the fastest rate for the forecasted period. The key manufacturers in the organic acids market offer citric acid for different industrial applications such as food, feed, textile, and pharmaceuticals. Citric acid is naturally sourced in many foods, especially fruits & vegetables; for example, oranges and lemons. Citric acid is used mainly in food and beverage products as it is the strongest edible acid as compared to other organic acids such as lactic and ascorbic acid. Citric acid is also used as a cleaning and chelating agent, as a water treating solvent, and in the cosmetics industry.

Based on application, the pharmaceutical segment is expected to be the fastest-growing during the forecasted period. Due to the new technologies and the rising health concerns related to antibiotic uses, organic acids have begun to form an integral part of nutraceutical and pharmaceutical applications.

Companies Mentioned

  • Archer Daniels Midland Company
  • BASF SE
  • Cargill
  • Corbion N.V.
  • E. I. Dupont De Nemours and Company
  • Eastman Chemical Company
  • Henan Jindan Lactic Acid Technology Co. Ltd
  • Koninklijke DSM N.V.
  • Myriant Corporation
  • Polynt-Reichhold
  • Tate & Lyle
  • The DOW Chemical Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Organic Acids, By Type

7 Organic Acids Market, By Application

8 Organic Acids Market, By Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/rrh4q6/organic_acids