Organic Acids Market Segments and Key Trends 2014-2020

Certain organic acids are produced by fermentation process of several microorganisms and are typically used in food and beverages industry. Organic acids are also produced synthetically on a wide scale for several commercial applications including catalysts, surfactants and dyes among several others. Formaldehyde is used in production of organic acids as an antimicrobial agent. Glycerine is used as an energy source in organic acids production. Some of the other feedstock used in the production of organic acids includes amino acids, oil, sulfuric acid, enzymes, proteins, salts of acids, etc.

Major end user industries for organic acids include food & beverages, petrochemicals, pharmaceuticals, textile and adhesives among others. Food & beverages dominate the global demand for organic acids and the trend is anticipated to continue for a foreseeable future. Pharmaceutical is anticipated to be the fastest growing end user segment for organic acids. Organic acid is also widely used in the production of several chemicals and materials used in automotives and construction industry.

Demand for organic acids is profoundly dependent on food & beverages market which is the largest end use industry for organic acids. Therefore, increasing population and GDP growth in a region are among major factors influencing demand for organic acids. High growth in pharmaceutical industry also has been among foremost factors fuelling demand for organic acids. Moreover, several synthetic organic acid are produced using non renewable sources and are hazardous to the environment which has led to several stringent regulations to control the use of these organic acids. Increasing research and development to produce efficient organic acids from bio based sources is anticipated to offer huge growth opportunity in the market.