The demand for organic acids in Asia-Pacific is being fueled by the growth of the food and beverage industry. Furthermore, rising demand for organic acids in the healthcare industry, population growth, and GDP growth are all key drivers of demand for organic acids. However, because the manufacture of synthetic organic acids from nonrenewable sources (simultaneous fermentation and product recovery) poses a risk to the environment, strict rules governing their usage have been enacted, limiting market expansion. Increased R&D to manufacture efficient organic acids from bio-based sources is expected to provide a profitable market growth potential.
Because
of rising disposable incomes and strong worldwide economic expansion, the
global organic acids industry offers a variety of opportunities to market
participants. Organic
Acids Market is
widely used in the petrochemical industry, primarily to make intermediates and
end-use petrochemical products. Furthermore, the pharmaceutical industry's
expansion is a contributing element to market expansion. Organic acids market
growth is hampered by strict rules on the synthetic manufacture of organic acids in
North America and Europe.
An Organic Acids Market is a substance that has
acidic characteristics. Rhizosphere acidification and mineral weathering are
aided by organic acids. These acids are employed as solvents, substrates, weak
acids, or as a Bronsted acid source in catalytic amounts. Lactic acid, acetic
acid, formic acid (methanoic acid), citric acid, oxalic acid, butyric acid,
lauric acid, malic acid, tartaric acid, and erucic acid are some of the most
important organic acids. Organic acids produce salts and water when they react
with bases; salts, water, and carbon dioxide when they react with carbonates;
and salts and hydrogen when they react with metals.
Because of lax enforcement of manufacturing and
trade restrictions in developing nations like China and India, the worldwide
organic acids industry has seen significant expansion. As a result, food and
beverage companies use Organic Acids Market in considerable
quantities in their products. Furthermore, due to the establishment of new
production facilities, acetic acid is being widely used in pharmaceutical and
food and beverage goods throughout Asia-Pacific and Latin America. However, the
rising cost of organic acid is projected to stifle market expansion.
Important Players
BioAmber, Genomatica, DSM Cargill, and The Dow
Chemical Company are among the major participants in the global organic acids
market.
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