Global Carboxylic Acid Market 2017-2021

Overview of the global carboxylic acid market

Technavio's market study identifies the growth in global VAM market as one of the primary growth factors for the carboxylic acid market. Vinyl acetate monomer (VAM) is primarily used in numerous adhesives, coatings, paints, films, and textiles. Vinyl esters provide strength and are cost-effective. Several compounds are primarily used as barrier resins mainly in the food and beverage packaging applications and are also used in paper coatings, paints, and industrial coatings, and in the manufacture of polyvinyl alcohol (PVOH). Our market research analysts predict that this market will grow steadily at a CAGR of around 6% by 2021.

The emergence of a simplified process to convert carboxylic acids into boronic acids will be one of the key trends behind the growth of the carboxylic acid market. Increased R&D has resulted in a simplified process for the conversion process of carboxylic acids into boronic acids that is a cost-effective method. The vendors in the market are constantly innovating methods to make the conversion process energy and cost efficient. The boronic acids that contain polymers and copolymers are useful in various biomedical applications such as the treatment of HIV, obesity, diabetes, and cancer.

Competitive landscape and key vendors

The carboxylic acid market is highly fragmented due to the presence of several key players who offer several product types and various scope for use in a wide range of applications. The carboxylic acid derivatives market is growing steadily due to the availability of different types of carboxylic acids with varying specializations.

The leading vendors in the market are -

• BASF
• Celanese Corporation
• Eastman Chemical Company
• Perstorp Holdings
• The Dow Chemical Company

The other prominent vendors in the market are Alfa Aesar (Thermo Fisher Scientific), Ashok Alco ? chem, BASF-YPC, Finetech Industry, Jiangsu Sopo Group, LyondellBasell Industries, OXEA, and Shenyang Zhangming Chemical.

Segmentation by product type and analysis of the carboxylic acid market

• Acetic Acid
• Citric Acid
• Stearic Acid
• Propionic Acid

Acetic acid is the most widely used carboxylic acid that is an indispensable chemical reagent and industrial chemical. It is primarily used in plastic bottles, photographic films, wood glue (polyvinyl acetate), synthetic fabric, in food and beverage industry, and in textile and packaging industries.

Segmentation by end user and analysis of the carboxylic acid market

• Consumer goods
• Animal feed
• Lubricants
• Food and beverages
• Pharmaceuticals
• Cosmetics

The consumer goods segment for fast moving consumer goods (FMCG) primarily uses carboxylic acid and its derivatives for manufacturing soaps, detergents, cleansers, and shampoos. Additionally, this end-user segment uses carboxylic acid also for oils, colored pencils, and plastics.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global carboxylic acid market?
• What are the key market trends impacting the growth of the global carboxylic acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global carboxylic acid market?
• What are the market opportunities and threats faced by the vendors in the global carboxylic acid market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global carboxylic acid market?

Technavio also offers customization on reports based on specific client requirement.

Carboxylic acids are organic acids which contain a carboxyl group. These acids are named according to the number of carbon atoms present in the molecule. This upcoming market research report on the carboxylic acid market is an integral part of Technavio's chemicals and materials portfolio and offers key insights into the market space for specialty chemicals. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the speciality chemicals sector, the upcoming market research report on the carboxylic acid market offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report on the carboxylic acid market also covers vendors like BASF, Celanese Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., Eastman Chemical Company, Alfa Aesar, Perstorp Holding AB, and OXEA.

This market research report on the carboxylic acid market also takes into account the growth of related market like asphalt market, which is anticipated to post an impressive CAGR of above 4%, respectively during the forecast period. According to our industry research experts, the rising demand for carboxylic acids derivatives is anticipated to boost the global market during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the carboxylic acid market also covers geographies like APAC, North America, Europe, and ROW.

The upcoming industry report on the carboxylic acid market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like metals and minerals and olefins. Additionally, the report also presents insights into the changing competitive landscapeto give clients a complete view of the future direction of the chemicals and materials industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.