A carboxylic acid is an organic compound that contains a carboxyl group attached to an R-group. A carboxylic acid's general formula is R?"COOH, with R referring to the alkyl group. Carboxylic acids occur widely. Significant examples include amino acids and fatty acids. Carboxylic acids are used to produce polymers, biopolymers, coatings, adhesives, and pharmaceutical drugs. They also can be used as solvents, food additives, antimicrobials, and flavorings.
MARKET DYNAMICS
The carboxylic acid market has witnessed a significant growth owing to factors such as increasing demand for cosmetics and personal care products. Moreover, the rising awareness among the people about cosmetics and beauty products, in addition to increasing disposable income have been providing a huge market opportunity for the key players operating in the carboxylic acid market. However, regulations on the production of petroleum based carboxylic acids with long chain hydrocarbons is projected to hamper the overall growth of the carboxylic acid market.
MARKET SCOPE
The "Global Carboxylic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the carboxylic acid market with detailed market segmentation type, application, and geography. The global carboxylic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carboxylic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carboxylic acid market is segmented on the basis of type and application. On the basis of type, the global carboxylic acid market is divided into acetic, valeric, isovaleric, formic, propionic, butyric, isobutyric, citric, caproic, and stearic. On the basis of application, the global carboxylic acid market is divided into food & beverages, animal feed, personal care & cosmetics, lubricants, and consumer goods.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carboxylic acid market based on various segments. It also provides marketsize and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The carboxylic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the carboxylic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the carboxylic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the carboxylic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from carboxylic acid market is anticipated to lucrative growth opportunities in the future with the rising demand for carboxylic acid in the global market. Below mentioned is the list of few companies engaged in the carboxylic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carboxylic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Alfa Aesar
- Celanese Corporation
- Eastman Chemical Company
- Finetech Industry Limited
- LyondellBasell Industries N.V.
- OXEA
- Perstorp Holding AB
- The Dow Chemical Company
- Thirumalai Chemicals Ltd.
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