Carboxylic Acids Market Is Expected to Reach Us$ 18.49 Bn in 2023.Pdf

Transparency Market

Research

Carboxylic Acids Market- Global Industry

Analysis Forecast 2015-2023

Published Date

15-July-2015

185 Page Report

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Carboxylic Acids Market is Expected to Reach US$ 18.49 Bn in 2023:TMR

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Carboxylic Acids Market

REPORT DESCRIPTION

Carboxylic Acids (Acetic, Valeric, Isovaleric, Formic, Propionic, Butyric,

Isobutyric, Citric, Caproic, Stearic, and Others) Market for Food &

Beverages, Animal Feed, Pharmaceuticals, Personal Care & Cosmetics,

Consumer Goods, Lubricants, and Other End-users - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

Transparency Market Research has published a new report titled “Carboxylic Acids Market - Global

Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the

report, the global carboxylic acids market was valued at US$ 12.14 Bn in 2014 and is anticipated

to reach US$ 18.49 Bn by 2023, expanding at a CAGR of 4.9% between 2015 and 2023. In terms of

volume, the global carboxylic acids market stood at 17.82 million tons in 2014.

The market for carboxylic acids is largely driven by growth of vinyl acetate monomer (VAM) in the

food packaging industry; high demand for stearic, butyric, and valeric acid in the personal care &

cosmetics industry; and rising usage of organic acids as growth promoters in animal feed. However,

factors such as enactment of stringent government regulations on the production of petro-based

carboxylic acids and availability of organic and natural substitutes in the animal feed industry hamper

market market. End-use industries such as lubricants, rubber, and agrochemicals are likely to provide

immense growth opportunities to manufacturers of carboxylic acids.

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