Europe Drives Global Tartaric Acid Market at 6.20% Cagr from 2014 to 2022

Transparency Market

Research

Tartaric Acid Market for Wine, Food & Beverages,

Pharmaceuticals and Other End-users - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2014 - 2022

Published Date

30-04-2015

105 Page Report

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Press Release

Europe Drives Global Tartaric Acid Market at 6.20% CAGR from 2014 to

2022

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Tartaric Acid Market

REPORT DESCRIPTION

The global market for tartaric acid is fueled by the rising production of wine in Latin America and Asia

Pacific, according to a new report published by Transparency Market Research. The report, titled “Tartaric

Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” also states

that driven by the growing demand for excipients in the pharmaceutical sector, the global tartaric acid

market will develop at a 6.20% CAGR from 2014 to 2022. By value, the market is estimated to rise from

US$1.8 Bn in 2013 to US$3.1 Bn by 2022.

While the growth of the construction industry in the Gulf Cooperation Council region will push the tartaric

acid market over the next seven years, limited use of synthetic tartaric acid in Europe and seasonality of

raw materials in the production process is likely to challenge the development of the tartaric acid

market.On the basis of end user, the tartaric acid market is segmented into food and beverages,

construction, wine, pharmaceutical, leather tanning, chemical, and metal finishing. In 2013, the food and

beverages industry accounted for 25.0% of the overall tartaric acid market, making it the largest end-use

segment in terms of volume. Wine is the second-largest segment of the tartaric acid market and

pharmaceutical is anticipated to register the highest growth rate from 2014 to 2022.

Geographically,...