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Organic Acid Market Share

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Report ID: 81
Published Date: Sep 30, 2024
Report Format: PDF, PPT

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Organic Acid Market Share

North America Market Statistics

Regionally, the global organic acid market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is estimated to account for largest revenue share by 2036, attributed to the growing demand for organic acid in the chemical industry. For instance, in 2021, the value of chemical shipment in the United States was estimated to be around USD 750 billion. Additionally, the presence of major key players and rising R&D in the production of efficient organic acids are projected to propel the growth of the market over the forecast period.

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Browse Key Market Insights with Data Illustration:

Organic Acid Market Size & share, Growth Analysis 2036

Author Credits: Rajrani Baghel

Report ID: 81
Published Date: Sep 30, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher utilization of organic acids in the food and beverage industry and growing sales of animal food are estimated to majorly boost market growth.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 â€“ 2031.

The higher costs associated with the organic acid production and disrupted supply chain due to COVID-19 are estimated to challenge the market growth.

The market in North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Tate & Lyle PLC, BASF SE, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co. Ltd., Cargill, Incorporated, Celanese Corporation, Myriant Corporation, and others.

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