Published on : Jun 23, 2016
ALBANY, New York, June 23, 2016: A new report on the global organic acid industry has been recently added to the vast repository of Market Research Hub. The study, titled “Global Organic Acid Industry 2016 Market Research Report,” presents a comprehensive assessment of this industry by examining its key trends, past performance, and future prospects.
This 150-page market study presents a descriptive assessment of the worldwide organic acid industry’s performance on the basis of various factors such as the production volume, the pricing of products, demand and supply, the dynamics of sales, capacity utilization, revenue generated, export/import, and the rate on which the industry is growing.
As per the research study, the global market for organic acids is witnessing strong growth. The emergence of bio-based organic acids has presented a lucrative opportunity to market participants.
Food and beverages, textile, pharmaceuticals, petrochemicals, and adhesives have been identified as the prime end users of organic acid across the world. Among these, the demand for these acids is the highest from the food and beverages industry. The demand from pharmaceuticals, petrochemicals, and other industries is also expected to rise in the coming years, states the research report.
Regionally, the global organic acid industry can be segmented into Asia Pacific, North America, Europe, and the Rest of the World. Currently, Asia Pacific is dominating the overall industry. The rapid expansion of the pharmaceutical and food and beverages industries in this region is the key driving force behind the growth exhibiting by the organic acid industry in the region. Analysts project this regional industry to remain dominant in the coming years.
On the other hand, the implementation of several initiatives to control the usage of several synthetic organic acids is hampering the organic acid industry in North America and Europe. However, the growing demand for bio-based organic acids is likely to propel the market in these regions over the next few years, notes the research study.
The competitive landscape of the global organic acid industry has also been analyzed in this report. The market hierarchy has been examined by evaluating profiles of major companies operating in this industry. According to the study, the global organic acid industry is highly competitive and the leading enterprises compete on the price difference of products.
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Weifang Huabo Chemical, Dongying Shuntong Chemical, Wuhan Vision Inf-Tech, Ansew International, HK Intertech Industries, Toyo Hakko, Shikoku Chemical Corp., Aquilon Impex, Azantechservice, Trading Company Dmitrievsky Chemical plant, OCI Corp., Deasong Finechemical, Pure Chem, Pheonix Nutraceuticals, SIM Chemical, Mercan Recruit, kent international trading and consultancy, Discovery Fine Chemicals, Samtron Supplies, Aojiamei Chemical, Sky International Trading, Senvia Chemicals, Creations in Lucite, Griffin International Inc., and Technidd Chemi-tech are the leading market participants mentioned in this research study.
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