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Published Date: 2015-07-15Number of Pages: 185

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


Carboxylic acids are organic compounds with high boiling point. These are made up of two functional groups: carbonyl and hydroxyl. Carboxylic acid is used in several applications such as food & beverages, animal feed, pharmaceuticals, personal care & cosmetics, consumer goods, lubricants, and agriculture. It possesses a strong odor, especially volatile derivatives. The market for carboxylic acids is largely driven by growth of vinyl acetate monomer (VAM) in the food packaging industry and high demand for stearic, butyric, and valeric acid in the personal care & cosmetics industry. Rising usage of organic acids as growth promoters in the animal feed industry is likely to boost demand for carboxylic acid. However, stringent regulations regarding the production of petro-based carboxylic acids are expected to hamper the global carboxylic acids market. Furthermore, easy availability of substitutes in various end-use industries is likely to inhibit market growth.

In terms of volume, acetic acid was the largest product segment of the global carboxylic acids market in 2014. It is majorly used in the production of vinyl acetate monomer (VAM), PTA, acetic anhydride, etc. The segment is anticipated to exhibit the fastest growth rate from 2015 to 2023. Stearic acid, a straight chain saturated fatty acid, is extensively used in adhesives & sealants, agrochemicals, chemical intermediates, additives, pigments, and surface active agents. Stearic acid held significant share of the global carboxylic acids market in 2014. The citric acid segment is expected to expand at an above average rate during the forecast period owing to increasing usage of the acid to impart tart flavor in the food & beverages industry. Formic acid, propionic acid, and butyric acid are projected to expand at a moderate rate due to high demand for these acids in animal feed and silage & grain preservation applications. Isovaleric acid, known for its strong sweaty odor, and hence used in wine manufacturing in smaller quantities. 

In terms of volume, consumer goods was the largest end-user segment of the global carboxylic acids market in 2014. Other end-use industries such as textile, leather, chemical intermediate, and agrochemicals are projected to witness the fastest growth during the forecast period. Carboxylic acids are largely used in the production of their derivatives such as stearates, ester solvents, and ester lubricants. In terms of volume, lubricants segment accounted for significant share of the global carboxylic acids market in 2014. Carboxylic acids such as caproic acid, stearic acid, and valeric acid are widely used in the manufacture of lubricants. Carboxylic acid is used as an active ingredient in several drug formulations such as non-steroidal anti-inflammatory drugs (NSAIDs), anticoagulants, antibiotics, and cholesterol-lowering statins. Growth in geriatric population is estimated to drive the pharmaceuticals segment during the forecast period. Similarly, rising demand for bio-based personal care & cosmetic products is boosting the carboxylic acid market, especially in developed countries. 

Asia Pacific constituted the largest share of 56.04% of the global carboxylic acid market in 2014. Food & beverages, consumer goods, lubricants, and others are the most lucrative segments of the carboxylic acid market in the region. Asia Pacific is also emerging as the new epicenter for the production of bio-based and synthetic chemicals. China leads the market, with the addition of new capacities for carboxylic acids such as valeric acid, isovaleric acid, and isobutyric acid. North America is expected to outpace Europe by 2023 due to increasing demand for carboxylic acids in food & beverages and pharmaceutical industries. The carboxylic acids market in Europe is expected to expand at a sluggish rate during the forecast period. Latin America and Middle East & Africa are anticipated to offer immense growth opportunities for the carboxylic acids market in the next few years.

The global carboxylic acids market is highly fragmented; various small players operate in Asia Pacific. Major players in the global carboxylic acids market include Celanese Corporation, BASF SE, The Dow Chemical Company, Eastman Chemical Company, and Jiangsu Sopo (Group) Co. Ltd. 

carboxylic-acids-market


Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope and Assumptions
1.3.1 Research Scope
1.3.2 Assumptions
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global Carboxylic Acids Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
2.1.1 Global Carboxylic Acids Market Snapshot, 2014 & 2023

Chapter 3 Carboxylic Acids – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
       3.3.1 Growth of vinyl acetate monomer (VAM) in food packaging industry is projected to propel the carboxylic acids market
3.3.1.1 Global Vinyl Acetate Monomer Market (VAM), 2014 – 2023 (Kilo Tons) (US$ Mn)
        3.3.2 High demand for stearic, butyric, and valeric acid in personal care & cosmetics industry is expected to boost carboxylic acids market
3.3.2.1 Global Market Share of Personal Care Products, % value, 2014
         3.3.3 Rising usage of organic acids as growth promoters in animal feed industry is likely to boost demand for carboxylic acid
3.3.3.1 Global Animal Feed Market, by Animal Type, 2014
3.4 Market Restraints
3.4.1 Enactment of stringent government regulations on production of petro-based carboxylic acids
3.4.2 Availability of organic and natural substitutes for animal feed hampers market growth
3.4.2.1 Some common substitutes in animal feed and their functionality
3.5 Market Opportunities
3.5.1 High growth opportunities for carboxylic acids manufacturers in lubricants application
3.5.1.1 Global Synthetic and Bio-based Lubricants Market, 2014 – 2023 (Mn Tons)
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Carboxylic Acids Market: Market Attractiveness Analysis, by End-User
3.7.1 Carboxylic Acids Solvents: Market Attractiveness Analysis, by End-User
3.8 Carboxylic Acids Market: Company Market Share, 2014

Chapter 4 Carboxylic Acids Market – Raw Material and Price Trend Analysis
4.1 Global Carboxylic Acids Market: Technical Overview
4.2 Raw Material Price Trend Analysis
4.2.1 Global Brent Crude Oil Average Price Trend, US$/Barrel, 2014 – 2023
4.3 Carboxylic Acids Price Trend Analysis
4.3.1 Global Carboxylic Acid Average Price Trend, 2014 - 2018
4.3.2 Global Carboxylic Acid Average Price Trend, 2019 - 2023

Chapter 5 Carboxylic Acids Market – Product Segment Analysis
5.1 Global Carboxylic Acids Market: Product Segment Overview
5.1.1 Global Carboxylic Acids Market Volume Share, by Product Segment, 2014 and 2023
5.2 Acetic acid
5.2.1 Global Acetic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.3 Valeric acid
5.3.1 Global Valeric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.4 Isovaleric acid
5.4.1 Global Isovaleric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.5 Formic Acid
5.5.1 Global Formic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.6 Propionic Acid
5.6.1 Global Propionic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.7 Butyric Acid
5.7.1 Global Butyric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.8 Isobutyric Acid
5.8.1 Global Isobutyric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.9 Citric Acid
5.9.1 Global Citric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.10 Caproic Acid
5.10.1 Global Caproic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.11 Stearic Acid
5.11.1 Global Stearic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.12 Others
5.12.1 Global Other Carboxylic Acids Market, 2014 - 2023 (Kilo Tons) (US$ Mn)

Chapter 6 Carboxylic Acids Market – End-user Analysis
6.1 Global Carboxylic Acids Market : End-user Overview
6.1.1 Global Carboxylic Acids Market Volume Share, by End-user, 2014 and 2023
6.2 Food & beverages
6.2.1 Global Carboxylic Acids Market for Food & Beverages, 2014 - 2023 (Kilo Tons) (US$ Mn)
6.3 Animal feed
6.3.1 Global Carboxylic Acids Market for Animal Feed, 2014 - 2023 (Kilo Tons) (US$ Mn)
6.4 Pharmaceuticals
6.4.1 Global Carboxylic Acids Market for Pharmaceuticals, 2014 - 2023 (Kilo Tons) (US$ Mn)
6.5 Personal care & cosmetics
6.5.1 Global Carboxylic Acids Market for Personal Care & Cosmetics, 2014 - 2023 (Kilo Tons) (US$ Mn)
6.6 Consumer Goods
6.6.1 Global Carboxylic Acids Market for Consumer Goods, 2014 - 2023 (Kilo Tons) (US$ Mn)
6.7 Lubricants
6.7.1 Global Carboxylic Acids Market for Lubricants, 2014 - 2023 (Kilo Tons) (US$ Mn)
6.8 Others
6.8.1 Global Carboxylic Acids Market for Other End-users, 2014 - 2023 (Kilo Tons) (US$ Mn)

Chapter 7 Carboxylic Acids Market – Regional Analysis
7.1 Global Carboxylic Acids Market: Regional Overview
7.1.1 Global Carboxylic Acids Market Volume Share, by Region, 2014 and 2023
7.2 North America
7.2.1 North America Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.2.2 North America Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.2.3 North America Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.2.4 North America Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.2.5 U.S.
7.2.5.1 U.S. Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.2.5.2 U.S. Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.2.5.3 U.S. Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.2.5.4 U.S. Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.2.6 Rest of North America (RoNA)
7.2.6.1 RoNA Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.2.6.2 RoNA Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.2.6.3 RoNA Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.2.6.4 RoNA Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.3 Europe
7.3.1 Europe Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.2 Europe Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.3 Europe Carboxylic Acids Market Volume, by End-user, 2014 –2023 (Kilo Tons)
7.3.4 Europe Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)
7.3.5 France
7.3.5.1 France Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.5.2 France Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.5.3 France Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.3.5.4 France Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.3.6 U.K.
7.3.6.1 U.K. Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.6.2 U.K. Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.6.3 U.K. Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.3.6.4 U.K. Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.3.7 Spain
7.3.7.1 Spain Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.7.2 Spain Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.7.3 Spain Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.3.7.4 Spain Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.3.8 Germany
7.3.8.1 Germany Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.8.2 Germany Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.8.3 Germany Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.3.8.4 Germany Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.3.9 Italy
7.3.9.1 Italy Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.9.2 Italy Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.9.3 Italy Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.3.9.4 Italy Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.3.10 Rest of Europe (RoE)
7.3.10.1 RoE Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.3.10.2 RoE Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.3.10.3 RoE Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.3.10.4 RoE Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.4 Asia Pacific
7.4.1 Asia Pacific Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.4.2 Asia Pacific Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.4.3 Asia Pacific Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.4.4 Asia Pacific Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.4.5 China
7.4.5.1 China Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.4.5.2 China Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.4.5.3 China Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.4.5.4 China Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.4.6 Japan
7.4.6.1 Japan Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.4.6.2 Japan Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.4.6.3 Japan Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.4.6.4 Japan Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.4.7 ASEAN
7.4.7.1 ASEAN Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.4.7.2 ASEAN Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.4.7.3 ASEAN Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.4.7.4 ASEAN Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.4.8 Rest of Asia Pacific
7.4.8.1 Rest of Asia Pacific Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.4.8.2 Rest of Asia Pacific Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.4.8.3 Rest of Asia Pacific Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.4.8.4 Rest of Asia Pacific Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.5 Latin America
7.5.1 Latin America Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.5.2 Latin America Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.5.3 Latin America Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.5.4 Latin America Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.5.5 Brazil
7.5.5.1 Brazil Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.5.5.2 Brazil Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.5.5.3 Brazil Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.5.5.4 Brazil Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.5.6 Rest of Latin America
7.5.6.1 Rest of Latin America Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.5.6.2 Rest of Latin America Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.5.6.3 Rest of Latin America Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.5.6.4 Rest of Latin America Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.6 Middle East & Africa (MEA)
7.6.1 MEA Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.6.2 MEA Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.6.3 MEA Carboxylic Acids Market Volume, by End-user, 2014 –2023 (Kilo Tons)
7.6.4 MEA Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)
7.6.5 GCC
7.6.5.1 GCC Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.6.5.2 GCC Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.6.5.3 GCC Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.6.5.4 GCC Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.6.6 South Africa
7.6.6.1 South Africa Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.6.6.2 South Africa Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.6.6.3 South Africa Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.6.6.4 South Africa Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
7.6.7 Rest of MEA
7.6.7.1 Rest of MEA Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
7.6.7.2 Rest of MEA Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
7.6.7.3 Rest of MEA Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
7.6.7.4 Rest of MEA Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)

Chapter 8 Company Profiles
8.1 BASF SE
8.2 Celanese Corporation
8.3 The Dow Chemical Company (Dow)
8.4 LyondellBasell Industries N.V. (LyondellBasell)
8.5 Eastman Chemical Company (Eastman)
8.6 Thirumalai Chemicals Ltd.
8.7 Alfa Aesar
8.8 Ashok Alco - chem Limited (AACL)
8.9 Finetech Industry Limited
8.10 OXEA
8.11 VanDeMark Inc.
8.12 Shenyang Zhangming Chemical Co., Ltd.
8.13 VVF LLC
8.14 Perstorp Holding AB (Perstorp)

Chapter 9 Primary Research – Key Findings

List of Figures 

FIG. 1 Global Carboxylic Acids Market Segmentation, by Product, End-user, and Geography
FIG. 2 Global Carboxylic Acids Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 3 Value Chain Analysis: Carboxylic Acid Market
FIG. 4 Global Vinyl Acetate Monomer Market (VAM), 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 5 Global Market Share of Personal Care Products, % value, 2014
FIG. 6 Global Animal Feed Market, by Animal Type, 2014
FIG. 7 Global Synthetic and Bio-based Lubricants Market, 2014 – 2023 (Mn Tons)
FIG. 8 Porter’s Five Forces Analysis: Carboxylic Acids Market
FIG. 9 Carboxylic Acids: Market Attractiveness Analysis, by End-User
FIG. 10 Carboxylic Acids Market: Company Market Share Analysis, 2014
FIG. 11 Global Brent Crude Oil Average Price Trend, US$/Barrel, 2014 – 2023
FIG. 12 Global Carboxylic Acids Market Volume Share, by Product Segment, 2014 and 2023
FIG. 13 Global Acetic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 14 Global Valeric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 15 Global Isovaleric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 16 Global Formic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 17 Global Propionic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 18 Global Butyric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 19 Global Isobutyric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 20 Global Citric Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 21 Global Caproic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 22 Global Stearic Acid Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 23 Global Other Carboxylic Acids Market, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 24 Global Carboxylic Acids Market, Volume Share, by End-user, 2014 and 2023
FIG. 25 Global Carboxylic Acids Market for Food & Beverages, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 26 Global Carboxylic Acids Market for Animal Feed, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 27 Global Carboxylic Acids Market for Pharmaceuticals, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 28 Global Carboxylic Acids Market for Personal Care & Cosmetics, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 29 Global Carboxylic Acids Market for Consumer Goods, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 30 Global Carboxylic Acids Market for Lubricants, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 31 Global Carboxylic Acids Market for Other End-users, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 32 Global Carboxylic Acids Market Volume Share, By Region, 2014 and 2023

List of Tables 

TABLE 1 Global Carboxylic Acids Market Snapshot, 2014 & 2023
TABLE 2 Drivers for Carboxylic Acids Market - Impact Analysis
TABLE 3 Restraints for Carboxylic Acid Market - Impact Analysis
TABLE 4 Some common substitutes in animal feed and their functionality
TABLE 5 North America Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 6 North America Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 7 North America Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 8 North America Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)
TABLE 9 U.S. Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 10 U.S. Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 11 U.S. Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 12 U.S. Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 13 RoNA Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 14 RoNA Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 15 RoNA Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 16 RoNA Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 17 Europe Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 18 Europe Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 19 Europe Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 20 Europe Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 21 France Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 22 France Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 23 France Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 24 France Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 25 U.K. Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 26 U.K. Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 27 U.K. Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 28 U.K. Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 29 Spain Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 30 Spain Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 31 Spain Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 32 Spain Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 33 Germany Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 34 Germany Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 35 Germany Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 36 Germany Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 37 Italy Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 38 Italy Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 39 Italy Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 40 Italy Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 41 RoE Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 42 RoE Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 43 RoE Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 44 RoE Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 45 Asia Pacific Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 46 Asia Pacific Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 47 Asia Pacific Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 48 Asia Pacific Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)
TABLE 49 China Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 50 China Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 51 China Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 52 China Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 53 Japan Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 54 Japan Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 55 Japan Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 56 Japan Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 57 ASEAN Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 58 ASEAN Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 59 ASEAN Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 60 ASEAN Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 61 Rest of Asia Pacific Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 62 Rest of Asia Pacific Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 63 Rest of Asia Pacific Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 64 Rest of Asia Pacific Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 65 Latin America Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 66 Latin America Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 67 Latin America Carboxylic Acids Market Volume, by End-user, 2014 –2023 (Kilo Tons)
TABLE 68 Latin America Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)
TABLE 69 Brazil Carboxylic Acids Market Volume, by Product Segment, 2014 –2023 (Kilo Tons)
TABLE 70 Brazil Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 71 Brazil Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 72 Brazil Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 73 Rest of Latin America Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 74 Rest of Latin America Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 75 Rest of Latin America Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 76 Rest of Latin America Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 77 MEA Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 78 MEA Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 79 MEA Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 80 MEA Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 81 GCC Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 82 GCC Carboxylic Acids Market Revenue, by Product Segment, 2014 –2023 (US$ Mn)
TABLE 83 GCC Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 84 GCC Carboxylic Acids Market Revenue, by End-user, 2014 – 2023 (US$ Mn)
TABLE 85 South Africa Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 86 South Africa Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 87 South Africa Carboxylic Acids Market Volume, by End-user, 2014 –2023 (Kilo Tons)
TABLE 88 South Africa Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)
TABLE 89 Rest of MEA Carboxylic Acids Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
TABLE 90 Rest of MEA Carboxylic Acids Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
TABLE 91 Rest of MEA Carboxylic Acids Market Volume, by End-user, 2014 – 2023 (Kilo Tons)
TABLE 92 Rest of MEA Carboxylic Acids Market Revenue, by End-user, 2014 –2023 (US$ Mn)


Carboxylic acids are organic acids containing carboxyl group (-COOH). These acids are named according to the number of carbon atoms present in the molecule. Carboxylic acids are primarily used in the manufacture of soaps, detergents, pharmaceuticals, rubber, plastics, dyes, textile, perfumes, and animal feed. Rising demand for carboxylic acids derivatives is anticipated to boost the global market for these acids during the forecast period. Additionally, increasing demand for acids such as formic, propionic, and butyric in the animal feed industry is estimated to drive the market. 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 the carboxylic acid market.


This report provides detailed description of the global carboxylic acids market in terms of volume share (Kilo Tons) and revenue (US$ Mn) for the period from 2014 to 2023. It highlights factors contributing to the growth of the market. It also enumerates the restraints faced by the market. The market is described with respect to various segments along with opportunities that are expected to arise during the next six years.

The carboxylic acids market has been segmented based on products such as acetic acid, valeric acids, isovaleric acid, formic acid, propionic acid, butyric acid, isobutyric acid, citric acid, caproic acid, and stearic acid. It is also segmented on the basis of end-user industries such as food & beverages, animal feed, personal care & cosmetics, lubricants, consumer goods, and others (including agrochemicals, chemical intermediary, textile, electronics, rubber, and leather). The study provides forecast and estimates for each product segment and end-user in terms of revenue and volume during the forecast period from 2015 to 2023. Each of the product segments and end-users has been further analyzed on regional (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) and country levels for the period from 2014 to 2023 in terms of volume and revenue.

Value chain analysis and Porter’s five forces model have been provided for a comprehensive view of the market. These throw light on the dynamics of the industry structure besides providing an overview of the degree of competitiveness in the market. The report also includes the manufacturing process of major carboxylic acids and price trend analysis of carboxylic acids from 2014 to 2023. Additionally, the report includes key research findings through primary interviews with major industry experts and opinion leaders in order to substantiate the secondary research.

Secondary research sources referred to include company websites, annual reports, broker reports, investor presentations, financial reports, and SEC filings. In-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted to compile this research report. Primary research represents bulk of research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.

The report covers a detailed competitive outlook that includes market share and profiles of key participants operating in the global market. Key players profiled in the report include BASF SE, Eastman Chemical Company, Celanese Corporation, The Dow Chemical Company, OXEA, Perstorp Holdings AB, LyondellBasell Industries N.V., and Finetech Industry Limited. Company profiles include attributes such as company overview, business overview, product portfolio, key competitors, business strategies, financial overview (financial year), and recent/key developments.

This report segments the global carboxylic acids market as follows:
  • Carboxylic Acids Market – Product Segment Analysis
    • Acetic acid
    • Valeric acid
    • Isovaleric acid
    • Formic acid
    • Propionic acid
    • Butyric acid
    • Isobutyric acid
    • Citric acid
    • Caproic acid
    • Stearic acid
    • Others (including benzoic acid)
  • Carboxylic Acids Market & End-user Analysis
    • Food & beverages
    • Animal feed
    • Pharmaceuticals
    • Personal care & cosmetics
    • Consumer goods
    • Lubricants
    • Others (including agrochemicals, textiles, chemical intermediates, rubber, etc.)
  • Carboxylic Acids Market – Regional Analysis
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • France
      • U.K.
      • Spain
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • South Africa
      • Rest of Middle East & Africa


 
 
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