DUBLIN, June 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Organic Acids Market by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Fumaric Acid & Others), Source (Biomass, Molasses, Starch & Chemical synthesis), Application, & by Region - Global Trend & Forecast to 2021" report to their offering.
The global organic acids market size is forecast to be worth USD 9.29 Billion by 2021.
The organic acids market, based on type, is segmented into acetic, citric, formic, lactic, propionic, fumaric, gluconic, and other acids. The citric acid and lactic acid are the fastest-growing organic acids because of their growing end-user applications and widespread applications. The lactic acid is used in cultured dairy products such as acidulants, flavoring agents, and preservatives; for deliming of hides in leather processing; textile dyeing for the production of biodegradable polymers; in the production of plastics, solvents, inks, and lacquers; and as calcium lactate in pharmaceuticals.
The organic acids market, based on source, is segmented into biomass, molasses, starch, and chemical synthesis. The molasses segment was the largest segment in 2015, and the biomass segment is projected to grow at the highest CAGR from 2016 to 2021. The organic acids market, by application, is further segmented into industrial, food, and feed, in which the industrial segment dominated the market with the maximum share in 2015. Because of the rapidly growing F&B sector and compatibility of organic acids with the physio-chemical characteristics of food, the market in the food segment is projected to grow at a highest CAGR from 2016 to 2021, followed by the feed sector.
Companies Mentioned:
- Archer Daniels Midland Company
- Basf Se
- Calanese Corporation
- Cargill, Inc.
- E. I. Du Pont De Nemours And Company
- Eastman Chemical Company
- Henan Jindan Lactic Acid Technology Co. Ltd
- Myriant Corporation
- Tate & Lyle Plc
- The Dow Chemical Company
Report Structure:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Organic Acids Market, By Type
8 Organic Acid, By Source
9 Organic Acid Market, By Application
10 Organic Acids Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information visit http://www.researchandmarkets.com/research/rfmr3w/organic_acids
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