Malonic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Malonic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest


Global Malonic Acid market: Overview

Malonic acid is a chemical that comes with the formula of C3H4O4. It is a dicarboxylic acid, which comes with the similar chemical reactivity and behavior as monocarboxylic acids. Malonic acid is found aplenty in some fruits that grow naturally. Fruits produced through organic firming come with greater concentration of malonic acid in citrus as compared to the ones that are produced using traditional methods. Multiple benefits of malonic acid are estimated to support growth of the global malonic acid market in the years to come.

The applications of malonic acid are many in the present world. The acid finds utilization as a precursor in polyester and polymers and in the making of pharmaceutical products. It is also utilized in the fragrance and flavor industry, which supports expansion of the global malonic acid market in the near future. The chemical finds use for controlling acidity and in the production of amino acids, vitamin B2, vitamin B6, and vitamin B1, which explains the growing popularity of the product in the years to come.

The global malonic acid market has been segmented based on type, application, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Malonic Acid Market: Notable Developments

In the last few years, the global malonic acid market has witnessed quite a few path-breaking developments in the last few years. One such development of the market is mentioned below:

  • In 2015, Lygos, Inc. has made production of malonic acid from sugar derived from biomass, which eventually turned out to be environment friendly and economic in comparison with other methods of production. Such innovative and environment friendly is predicted to increase the market share of the company in the years to come.

Some of the key market players of the global malonic acid market are

  • Hefei TNJ Chemical Industry Co. Ltd
  • Lygos, Inc.
  • MedicalChem (Yancheng) Manufacturing Co., Ltd
  • Wuhan Kemi-Works Chemical Co., Ltd.
  • Shanghai Nanxiang Reagent Co., Ltd.
  • Columbus Chemical Industries, Inc

Global Malonic Acid Market: Growth Drivers

Rising Demand from the Coating and  Pharmaceutical Industry to Bolster Demand

The global malonic acid market has experienced substantial growth in the last few years due to augmented consumption of the chemical. Such augmented consumption is ascribed to the rising demand for the acid in coating and pharmaceutical industries. A rise in the demand for malonic acid for use as an active pharmaceutical ingredient (API) is encouraged by its ability to produce Diclazuril and many vitamins such as B6, B2, and B1 amongst many others. Diclazuril is a anti-inflammatory and non-steroidal agent. This factor is likely to influence the development of the global malonic acid market in the near future.

In addition, growth of the pharmaceutical industry in various countries of Asia Pacific, such as India and China and ASEAN countries is likely to play the role of a catalyst in the growth of the global malonic acid market over the tenure of analysis.

Global Malonic Acid Market: Regional Outlook

The global malonic acid market is predicted to be dominated by the countries of North America and Europe. Regulations associated with the utilization of bio-based chemicals in the US and countries of Europe are predicted to support the production of malonic acid. Asia Pacific is likely to emerge as another rapidly growing region in the global malonic acid market. Such growth of the region is due to increased demand from the pharmaceutical industry in the region.

The global malonic acid market is segmented as:

Type

  • Pharmaceutical Grade
  • Technical Grade

Application

  • Chemical and Material Industry
  • Pharma and Healthcare Industry
  • Electronics Industry

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.