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Carboxylic Acid Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_8610 | Date : Jan, 2023 | Pages : 168 | Region : Global

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A carboxylic acid is an organic compound that contains a carboxyl group (C(=O)OH). The general formula of a carboxylic acid is R–COOH, with R referring to the rest of the (possibly quite large) molecule. Carboxylic acids occur widely and include the amino acids (which make up proteins) and acetic acid (which is part of vinegar and occurs in metabolism).
Increasing demand for cosmetics and personal care products will also catalyze the global carboxylic acid market demand. Extensive usage of stearic, butyric, and valeric acids in the manufacturing of these products will influence the global carboxylic acid market in the forecast period. Rising awareness among the people about cosmetics and beauty products, in addition to increasing disposable income, will propel the market size considerably in the upcoming years. Usage of the acids for esterification to provide the fragrance and for prevention of microbes, tend to have a prevailing effect on the market. More than 80% of these personal care products are for cosmetics, skin care products, fragrances, and hair care products.
Another important carboxylic acid market share booster is anticipated to be the growing use of organic acid in animal feed industry in order to prevent growth of microbes. Carboxylic acid such as formic acid and propionic acid prevent the growth of salmonella that contaminate the food and causes diseases to animals as well as humans. More than 45% of the global animal feed market is dedicated to poultry and more than a quarter is used for swine. The escalating consumption rate of poultry and swine for their health beneficiary protein content is likely to boost the global carboxylic acid market size as animal feed additive. Regulations regarding banning of antibiotic growth promoters in animal feed, especially for poultry, swine, and cattle, will also have a positive effect on the industry.
Asia Pacific, powered by China, is a dominant manufacturer of carboxylic acid, at present. China not only produces maximum carboxylic acid, but also consumes it because of key end-use industries such as consumer goods, lubricants, food and beverages. Asia Pacific is also an upcoming hub for the production of bio-based chemicals. 
The Global Carboxylic Acid Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global Carboxylic Acid Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
BASF
Celanese Corporation
Eastman Chemical Company
Perstorp Holdings
The Dow Chemical Company
Alfa Aesar (Thermo Fisher Scientific)
Ashok Alco – chem
Finetech Industry
Jiangsu Sopo Group
LyondellBasell Industries
OXEA
Shenyang Zhangming Chemical

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Acetic
Valeric
Isovaleric
Formic
Propionic
Butyric
Isobutyric
Citric
Caproic
Stearic

In Market segmentation by applications :
Food & Beverages
Animal Feed
Pharmaceuticals
Personal Care & Cosmetics
Consumer Goods
Lubricants
Agrochemicals
Textiles
Chemical Intermediates
Rubber

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Carboxylic Acid Market for the forecast period 2023-2030?
• What are the driving forces in the Carboxylic Acid Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Carboxylic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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