Asia-Pacific organic acid market stood at $ 3.1 billion in 2016, and the market is projected to reach $ 5.8 billion by 2026, exhibiting a CAGR of 6.34%, in value terms, during forecast period. Growing demand for organic acids in Asia-Pacific is attributed to increasing urbanization and industrialization in major developing economies like China and India. In addition, favorable government policies and lack of strict production and trade regulations would further escalate Asia-Pacific organic acids market during forecast period.
Years considered for this report
Historical Years2012 – 2015
Base Year2016
Estimated Year2017
Forecast Period2017 – 2026
Objective of the Study
- To
analyze and forecast the market size of APAC organic acid market, in terms
of value and volume
- To
define, classify and forecast APAC organic acid market on the basis of
type, end use, country, and company
- To
project the size of APAC organic acid market, in terms of value and
volume, with respect to key types such as acetic acid, citric acid, formic
acid, lactic acid and others
- To
understand the country wise market structure of APAC organic acid market
- To
identify the detailed information about the prime factors affecting APAC
organic acid market
- To
evaluate competitor pricing, average market selling prices and margins in APAC
organic acid market
- To
examine competitive developments such as expansions, new production
facility setup, new entrants, mergers & acquisitions, government policies
and expected investments in APAC organic acid market
- To
strategically profile the leading players, which are involved in
manufacturing and supply of organic acids in Asia-Pacific
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Some of the major players operating in APAC organic acid market are Jiangsu Sopo Chemical Co. Ltd., Henan Jindan Lactic Acid Technology Co., Ltd., Feichang Acid Chemicals Co., Ltd., Shandong Liaocheng Luxi Chemical Co., Ltd. and Fuso chemical Co. Ltd.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading organic acid manufacturers across Asia-Pacific. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were asked about their key products, manufacturing plant location, prices of products and competitors. Through this technique, Market Insights Research was able to include manufacturers which could not be identified due to limitations of secondary research. Market Insights Research analyzed product offerings, distribution network, and country-wise presence of major organic acid manufacturers across Asia-Pacific.
Market Insights Research calculated the market size for APAC organic acid market using a bottom-up approach, where manufacturers’ value sales data for standard types (acetic acid, citric acid, formic acid, lactic acid and others) were recorded as well as forecast for the future years. Market Insights Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary source directories, and databases such as Ministry of Commerce, Ministry of Internal Affairs, CMAI, Chemical Association of India, company annual reports, white papers, investor presentations and financial reports
Key Target Audience
- Organic
acid manufacturers and suppliers
- End Users
of organic acid
- Manufacturers and suppliers of Acetic Acid, Citric Acid,
Formic Acid, Lactic Acid and other types of organic acid
- Research
organizations and consulting companies
- Trade
associations, organizations, forums and alliances related to organic acid
- Government
bodies such as regulating authorities and policy makers
- Industry
associations
- Market
research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as organic acid manufacturers, distributors and dealers, customers and policy makers. The study would help them to target growing market segments over the coming years (next two to five years) in order to strategize investments and capitalize on growth opportunities.
