Bio-Organic acid Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

Greater Than 5 %

Major Players:

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Market Overview

The market for bio-organic acid is expected to grow at a CAGR of more than 5% during the forecast period. Major factors driving the market studied are stringent regulations over conventional organic acids, growing demand for bio-based polymer in healthcare.

Shifting focus on eco-friendly products is likely to act as an opportunity.
Asia-Pacific dominated the market across the globe with the largest consumption in countries such as India, China, etc.

Scope of the Report

The bio-organic acid market report includes:

Raw Material
		Biomass
		Corn
		Maze
		Sugar
		Others

Product Type
		Bio Lactic Acid
		Bio Acetic Acid
		Bio Adipic Acid
		Bio Acrylic Acid
		Bio Succinic Acid
		Others

Application
		Polymers
		Healthcare
		Textile
		Coatings
		Food
		Others

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

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Key Market Trends

Bio-lactic Acid Segment to Dominate the Market Growth

Lactic acid (2-hydroxypropanoic acid) is a natural organic acid used in various industries, including food and non-food industries, such as the cosmetic and pharmaceutical industries. It is used in the production of oxygenated chemicals, plant growth regulators and special chemical intermediates. The demand for lactic acid has increased considerably due to its wide range of applications. Presently, lactic acid can be produced either by chemical synthesis or by microbial fermentation.
Lactic acid is majorly used to produce Poly Lactic Acid (PLA). The market for lactic acid in Europe has depicted stable growth and is expected to portray the same trend over the forecast period. Growing demand for PLA in packaging applications, especially food packaging, is anticipated to drive the demand for lactic acid in the European market.
A growing number of polymer applications and stringent regulations overuse of conventional plastic products in various end-use applications are anticipated to boost the demand for PLA in the region.
This, in turn, is anticipated to propel the lactic acid market

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Asia-Pacific Region to Dominate 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 a 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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Competitive Landscape

The bio-organic acid market is fragmented. Some of the major players include BASF SE, DSM, Mitsubishi Chemical Corporation, Cargill, Incorporated, and GC Innovation America, amongst others.

Major Players

1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Stringent Regulations Over Conventional Organic Acids
  2. 4.1.2 Growing Demand for Bio-based Polymer in Healthcare Applications
2. 4.2 Restraints
  1. 4.2.1 Higher Production Cost of Bio-based Chemicals
  2. 4.2.2 Other Restraints
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Raw Material
  1. 5.1.1 Biomass
  2. 5.1.2 Corn
  3. 5.1.3 Maze
  4. 5.1.4 Sugar
  5. 5.1.5 Others
2. 5.2 Product Type
  1. 5.2.1 Bio Lactic Acid
  2. 5.2.2 Bio Acetic Acid
  3. 5.2.3 Bio Adipic Acid
  4. 5.2.4 Bio Acrylic Acid
  5. 5.2.5 Bio Succinic Acid
  6. 5.2.6 Others
3. 5.3 Application
  1. 5.3.1 Polymers
  2. 5.3.2 Healthcare
  3. 5.3.3 Textile
  4. 5.3.4 Coatings
  5. 5.3.5 Food
  6. 5.3.6 Others
4. 5.4 Geography
  1. 5.4.1 Asia-Pacific
    1. 5.4.1.1 China
    2. 5.4.1.2 India
    3. 5.4.1.3 Japan
    4. 5.4.1.4 South Korea
    5. 5.4.1.5 Rest of Asia-Pacific
  2. 5.4.2 North America
    1. 5.4.2.1 United States
    2. 5.4.2.2 Canada
    3. 5.4.2.3 Mexico
  3. 5.4.3 Europe
    1. 5.4.3.1 Germany
    2. 5.4.3.2 United Kingdom
    3. 5.4.3.3 Italy
    4. 5.4.3.4 France
    5. 5.4.3.5 Rest of Europe
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle East & Africa
    1. 5.4.5.1 Saudi Arabia
    2. 5.4.5.2 South Africa
    3. 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 BASF SE
  2. 6.4.2 BioAmber Inc
  3. 6.4.3 Braskem
  4. 6.4.4 Cargill, Incorporated
  5. 6.4.5 Corbion
  6. 6.4.6 Dairen Chemical Corporation
  7. 6.4.7 DSM
  8. 6.4.8 GC Innovation America
  9. 6.4.9 Genomatica
  10. 6.4.10 GF Bio-chemicals
  11. 6.4.11 Metabolix, Inc.
  12. 6.4.12 Mitsubishi Chemical Corporation
  13. 6.4.13 NatureWorks LLC
  14. 6.4.14 Novozymes
  15. 6.4.15 Royal Cosun
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Shifting Focus Towards Eco-Friendly Products
2. 7.2 Others

** Subject to Availability