Dublin, June 11, 2018 (GLOBE NEWSWIRE) -- The "Global Carboxylic Acid Market - by Product, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The global carboxylic acid market was 14.17 billion USD in 2017 and is forecasted to reach 18.93 billion USD by 2023 with a CAGR of 4.95%.
In 2017, Asia-Pacific accounted for major share due to increase in lubricants, food & beverages and consumer goods. North America and Europe have slowed growth due to strict regulations imposed by Environmental Protection Agency (EPA).
The carboxylic acid market is mainly driven by increased consumption of vinyl acetate in F&B and increased demand for cosmetics and personal care. The increasing demand for pharmaceutical products drive the growth of the market. However, the availability of organic and natural substitutes in the animal feed industry will hinder carboxylic acid market. Regulations on the production of petroleum based carboxylic acids will restrain the growth of the market.
Eastman Chemical Company to expand carboxylic acid capacity in US, which will help the company meet the growing demand for the product.
German chemical manufacturer Oxea has expanded its production capacity for carboxylic acid to meet the growing demand.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Constraints
4.4. Trends
5. Global Carboxylic Acid Market Segmentation, Forecasts and Trends - by Product
5.1. Acetic
5.2. Valeric
5.3. Formic
5.4. Proponic
5.5. Butyric
5.6. Citric
5.7. Others
6. Global Carboxylic Acid Market Segmentation, Forecasts and Trends - by Application
6.1. Food & Beverages
6.2. Animal Feed
6.3. Personal care & cosmetics
6.4. Lubricants
6.5. Consumer goods
6.6. Others
7. Global Carboxylic Acid Market Segmentation, Forecasts and Trends - by Region
8. Company Market Share Analysis
9. Company Profiles
9.1. BASF SE
9.2. Eastman Chemical
9.3. Celanese
9.4. Dow Chemical
9.5. LyondellBasell
9.6. Jiangsu Sopo
9.7. OXEA
9.8. Perstorp Holding
9.9. Alfa Aesar
9.10. Finetech Industry
9.11. Others
10. Industry Structure
10.1. Industry M&As, Consolidations
10.2. Investment Opportunities
11. Global Carboxylic Acid Market - Road Ahead
12. Tables
For more information about this report visit https://www.researchandmarkets.com/research/nxmgcm/global_carboxylic?w=12
Global Carboxylic Acid Market 2017-2018 & 2023: North America and Europe have Slowed Growth Due to Strict Regulations Imposed by EPA
| Source: Research and Markets