North America organic acid market stood at $ 1,712.8 million in 2016, and the market is projected to reach $ 3,043.5 million by 2026, exhibiting a CAGR of 5.94%, in value terms, during 2017-2026. Growth in the market is anticipated on account of increasing health concerns among consumers, which is fostering the adoption of bio-organic acids in personal care and healthcare industries of the region. Additionally, stringent government regulations regarding the usage of hazardous synthetic chemicals in various industries is fuelling demand for environment friendly organic acids in North America. Furthermore, flourishing petrochemical industry supported by the shale gas boom is advancing the capacity expansions and investments in organic acid segment, consequently positively influencing North America organic acid market.
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 North America organic acid market,
in terms of value and volume
- To
define, classify and forecast North America organic acid market on the
basis of type, end use, country, and company
- To
project the size of North America 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 North America organic acid
market
- To
identify the detailed information about the prime factors affecting North
America organic acid market
- To
evaluate competitor pricing, average market selling prices and margins in North
America organic acid market
- To
examine competitive developments such as expansions, new production
facility setup, new entrants, mergers & acquisitions, government policies
and expected investments in North America organic acid market
- To
strategically profile the leading players which are involved in
manufacturing and supply of organic acids in North America
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Some of the major players operating in North America organic acid market are Celanese Corporation, Cargill Inc., DOW Chemical, Eastman Chemicals Company, Archer Daniels Midland, BioAmber Inc., Myriant Corporation, Nature Works LLC and E.I. Du Pont De Nemours & Co, etc.
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 North America. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the company personnel also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, Market Insights Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the type, end use, distribution network, and country wise presence of major organic acid manufacturers across North America.
Market Insights Research calculated the market size for North America 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 and 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, databases such as 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.
