About Hydroxycarboxylic Acids
Hydroxycarboxylic acid is an organic compound with the capability of coordinating metals: a carboxylate moiety, and an alcoholic moiety to the carboxylate group. It is commercially produced in large volumes and has various range of industrial applications. There are citric acid, tartaric acid, glycolic acid, and oxalic acid covered under hydroxycarboxylic acid. It is also found in cosmetic products as it helps in reducing wrines, its compound AHS has effective results through continuous treatment in the cosmeceutical industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Manufacturers Invest in R&D to innovate and develop new Hydroxycarboxylic Acids products or improve existing ones. This can involve enhancing production processes, exploring new applications, or optimizing the performance and efficiency of the acids. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Akzo Nobel N.V. (Netherlands), Shandong Fuyang Biotech Co., Ltd (China), Dongxiao Biotechnology Co., Ltd. (China), Huntsman Corporation (United States), Fuyang Biotech (China) and Tokyo Chemical Industry Co., Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydroxycarboxylic Acids market by Type (Citric Acid, Tartaric Acid, Glycolic Acid and Oxalic Acid), Application (Degradable Solvents, Cleaning Agents, Plasticizers and Others) and Region.
On the basis of geography, the market of Hydroxycarboxylic Acids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Water Treatment will boost the Hydroxycarboxylic Acids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Trends in Pharmacological Sciences and Increasing Use of Hydroxycarboxylic Acids on Plasticizers
Market Growth Drivers:
Growing Demand for the Detergents and Other Cleaning Agents and Increasing Production of Chemicals for Commercial Application
Challenges:
Health-related Side Effects with Hydroxycarboxylic Acids In Case of Handling Problems
Restraints:
Stringent Regulatory Guidelines on the Production and Application of Hydroxycarboxylic Acids
Opportunities:
Surging Research and Development in the Biotechnological Processes will Boost the Hydroxycarboxylic Acids Market
In July 2019, BASF increased the global production of the higher carboxylic acids (HCA), Isononanoic acid (INA), and 2- ethylhexanoic acid (2-EHA) from 55,000 metric tons to 68,000 metric tons.
In the United States, the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) are two regulatory bodies that may have oversight over hydroxycarboxylic acids, depending on their specific applications. The FDA regulates the use of hydroxycarboxylic acids in food, drugs, and cosmetics, ensuring safety and proper labeling. The EPA, on the other hand, may regulate hydroxycarboxylic acids in terms of their environmental impact and potentially hazardous effects.
Key Target Audience
Hydroxycarboxylic Acids Manufacturers, Hydroxycarboxylic Acids International Traders, Hydroxycarboxylic Acids Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.