Target Audience of Bio-Organic acid Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Bio-Organic acid Market Report provides key statistics on the market status of the Bio-Organic acid Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The market for bio-organic acid is expected to register significant growth during the forecast period, 2018 to 2023.This tremendous growth is significantly driven by increase in the number of stringent regulations over conventional organic acids.
Stringent Regulations over Conventional Organic Acids
The market for bio-organics acids is majorly driven by the stringent environmental regulations imposed by regulatory bodies of various countries on conventional organic acid producers. Organic acids can serve as platform chemicals for the production of polymers, food, coatings, lubricating oils, pharmaceuticals, cosmetics, solvents, and other materials. Currently, bio-organic acids are gaining significance as a replacement for conventional organic acids, owing to their renewability and eco-friendly nature, which is a key to the increasing market share of bio-organic acid to in the global bio-organic acid market over the forecast period.
Bio-lactic Acid Segment to Dominate the Market Growth
Among the product types, bio-lactic acid has the highest growth rate in the global bio-organic acid market. Lactic acid is majorly used to produce Poly Lactic Acid (PLA), which has significant demand from various end-user industries, like packaging, healthcare, and textiles. Bio-lactic acid is also being extensively used to produce the polymer PLA, which is the preferred plastic for 3D printing. The immensely growing PLA market is further helpful to fuel the market growth for bio-lactic acid, which, in turn, drives the demand for bio-organic acid, globally, in the near future.
Asia-Pacific to Ignite the Market Growth
Though Europe is the largest regional market for global bio-organic acid, Asia-Pacific is also an important market as it represents the fastest-growing regional market. The increasing demand from healthcare, food & beverage, and textile industries of countries, like China, India, Thailand, and Korea are, in turn, providing great opportunity for the bio-organic acid market to continue its fast pace of growth. Moreover, since the product is an intermediate and is bio-degradable in nature, it has been widely accepted by the industries for various purposes, such as polymer resins. The large market size, with its huge growth in the Asia-Pacific region, is instrumental in the expansion of the global bio-organic acid market.
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Major companies covered in this Report:
- BASF Corporation
- BioAmber Inc
- Dairen Chemical Corporation
- GF Bio-chemicals
- Koninklijke DSM N.V.
- Mitsubishi Chemicals
- Myriant Technologies
- NatureWorks LLC
- Royal Cosun.
Reasons to Purchase the ReportIdentify the current and future trends of the global bio-organic acid market in the developed and emerging marketsAnalyze various perspectives of the market with the help of Porter’s five forces analysisInformation of the segment that is expected to dominate the marketIdentify the region that is expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in excel)
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This Bio-Organic acid market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Bio-Organic acid market.