In the Citric Acid Market, there are different types of citric acids such as citric acid monohydrate, citric acid anhydrous etc. which are usually labelled as different grades of citric acid for supply in the different industries. Citric acids are preferred a lot because of its properties and citric acid uses.
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Oxalic acid is a dicarboxylic acid which is occurred in many plants and vegetables. It is also produced in the body by metabolism of glyoxylic acid or ascorbic acid.
Glyoxylic acid market size is forecast to reach around $1.20 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Glyoxylic acid is a highly reactive organic compound containing both aldehyde and carboxylic acid functional groups. Wide applications of glyoxylic acids in various end use industries like pharmaceuticals, food, personal care, and cosmetics is augmenting Glyoxylic acid market share.
Chloroplatinic acid is the most readily available compound of platinum. It may be prepared by dissolving platinum in aqua regia due to availability many manufactures are started developing Chloroplantic acid
Butyric acid market size is forecast to reach US$436.2 million by 2026, after growing at a CAGR of 12.1% during 2021-2026. Butyric acid is a carboxylic acid, also known as butanoic acid. The product has an acrid taste and is usually found in the milk of farm animals such as goats, cows, buffalo, and sheep.
Benzoic Acid Market size is forecast to reach $2.4 billion by 2025, after growing at a CAGR of 9.5% during 2020-2025. Benzoic acid is an aromatic carboxylic acid that is colorless and crystalline.
Fatty Acid market size is forecasted to reach US$12,917.6 million by 2026, after growing at a CAGR of 5.5% during 2021-2026. A fatty acid is an important component of lipids present in plants, animals, and microorganisms.
Hydriodic acid is also known as Hydrogen Iodide (HI). The market of hydriodic acid has robust growth in the pharmaceutical sector for preparing various medicines. The disinfectant and sanitizing behavior of this acid kills germs and viruses and became driving force in the market.
The global Gallic Acid market is expected to grow at a substantial pace. The key drivers for the future market are going to be from the F&B industry and Pharmaceutical Industry. Its major use as a food additive due to its health benefits and use as an intermediary chemical for manufacture of other important chemicals are pushing the growth of this market forward.
The Levulinic Acid Market size is forecast to reach US$25.7 million by 2027, after growing at a CAGR of 8.8% during 2022-2027 owing to rising demand from various end-use industries such as pharmaceuticals, personal care, food and beverages, agriculture, and other industries to maintain their acidic balance. Levulinic acid is an organic compound and it is categorized under keto acids. It is obtained from the degradation of cellulose and is a potential precursor to biofuels, such as ethyl levulinate. The growth of biofuels application in recent times has resulted in the growth of the levulinic acid market, as it is used in making biofuels. The levulinic acid industry has been benefited from the growing demand for derivatives such as levulinic acid esters (LA-Easter), levulinic acid katels (LA-Katels), and others because these are recognized and versatile molecules to meet today’s demand for sustainability.
Inorganic Acid market size is forecasted to grow at a CAGR of 4.7% during the forecast period 2021-2026. This can be attributed to its use in fertilizers. An inorganic acid is an acid derived from one or more inorganic compounds. It is also known as mineral acid. Inorganic acids form hydrogen ions and conjugate base ions when dissolved in water.
The global Gallic Acid market is expected to grow at a substantial pace. The key drivers for the future market are going to be from the F&B industry and Pharmaceutical Industry. Its major use as a food additive due to its health benefits and use as an intermediary chemical for manufacture of other important chemicals are pushing the growth of this market forward.
Peracetic Acid Market size is forecast to reach $1.10 billion by 2025, after growing at a CAGR of 8.5% during 2020-2025. Peracetic acid is a liquid organic compound that possesses acrid odor of acetic acid and can be extremely corrosive. It is a mixture of hydrogen peroxide and acetic acid in water solution, which is widely used in the food industry as a cleaner and disinfectant. In food industry peracetic acid is widely used as an anti-microbial for preservation of meat, poultry and fisheries products because during the processing and handling of food & beverages, necessary sanitary practices cannot be overlooked. Usage of peracetic industry in food and beverage industry is boosting the market during the forecast period.
The citric acid market is valued in the year 2017 and anticipated to grow at a CAGR 3.5% of from 2018-2023. High demand for citric acid in food and beverages used as an additive to preserve food is expected to be the driver for the industry growth. As there is also a growing demand of citric acid in pharmaceutical industry for manufacturing of digestive material is also expected to be the key driver for the growth.
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Amino acids are classified as the organic compounds comprising of amine and carboxylic groups with a unique side chain. These acids perform essential and important functions such as protein buildup and also take active involvment in various metabolic processes.
Global protein and amino acids market is estimated to grow at a CAGR of 5.8% through 2020, owing to the rising awareness of consumers on the healthy food intake and lifestyle choices consumers are increasing the consumption of dietary supplements and functional foods.
China electronic grade sulfuric acid market size is forecast to reach US$96.8 million by 2026, after growing at a CAGR of 7.2% during 2021-2026. Electronic grade sulfuric acid is specifically manufactured for electronic industrial applications. The acid primarily finds its usage in semiconductors and ultra-large-scale integrated circuit assembly and processing. The growing demand for electronic devices in China is driving the market growth for electronic sulfuric acid during the forecast period.
Protein And Amino Acids Market deals in production and distribution of essential amino acids and proteins. Amino acids are very important and need to be included in daily diet as human body cannot make these amino acids. Amino acids are building blocks of protein.
The global bio-acrylic acid market size is forecast to reach US$9.2 billion in 2027 after growing at a CAGR of 7% during 2022-2027. The bio-acrylic acid market is on the rise owing to its eco-friendly and renewability nature as compared to conventional organic acids. Superabsorbent polymer is projected to contribute hugely to the market’s growth.
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