Malic Acid Market Growth, Development and Opportunities in 2021-2030

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Malic Acid Market Insights -

Malic Acid is largely known as the organic compound that adds a sour taste to fruits. Naturally occurring, malic acid often and most commonly used as a food additive and has applications in several other end-use industries including pharmaceuticals and personal care products. Market Research Future has published its latest report on the global malic acid market which is reported to display an average, yet consistent CAGR of 4.70% over the forecast period from 2019 to 2030. Used as an additive, malic acid has witnessed consistent demand over the years and is likely to generate a market value of USD 217.8 by the end of 2030.

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Eminent Firms
:
These companies are Malic Acid Market are Natures LifeSisuSwanson, and others.
The Chemical Company., Bartek Ingredients Inc., Yongsan Chemicals Inc., Changmao Biochemical Engineering Company., Anhui Sealing Biotechnology Co., Ltd., Fuso Chemical Co.Ltd., Thirumalai Chemicals Ltd.,  Polynt SpA., Others.

Malic Acid Market Analysis 

Malic Acid Market is naturally sourced from fruits and vegetables and is used widely in the FB sector to enhance flavor and add tartness to a variety of confectionery, beverages, and bakery products. The rapid and consistent growth of the food beverage industry has been a significant influencer of growth for the global malic acid market. In FB applications, malic acid is used to achieve the right pH, anti-microbial properties and enhance flavors. Increasing demand for convenient, packaged food and beverage products due to changing lifestyles and growing disposable income has contributed to the increase in demand for malic acid. Additionally, malic acid has uses in biochemistry which is further applied in personal care products. Increased use of multifunctional ingredients in hair and skin care is expected to catapult demand for malic acid.

Presently, the raw material process required to extract natural malic acid or produce synthetic malic acid has volatile pricing due to fluctuation in crude oil prices, thus restraining the market. However, increasingly, use of biofuel and related products, production of malic acid may witness new opportunities in the coming years. 

Various factors are adding to the global Malic Acid Market growth. These factors, as per the new MRFR report, include low wood density making it the lightest commercial timber, burgeoning demand for weight saving composite for increasing land transport efficiency, booming marine sector, growing defense activities, and expanding wind turbine industries. Additional factors adding market growth include its excellent properties for which it has wide applications in various industries such as wide operating temperature range, excellent fatigue resistance, good thermal and sound insulation, high impact strength, versatility, and strength.

Market Boosters and Challenges -

On the other hand, fluctuations in the interrelated market such as cotton, wool, nylon, and silk can have a plummeting impact on the growth of the Malic Acid Market. The long-standing problem of poor dye fixation is expected to remain a bottleneck to the growth of the Malic Acid Market. Pollution is caused during the dyeing process which can be harmful effects on human beings such as respiratory problems, skin sensitization and, in extreme cases, carcinogenicity. Moreover, reactive dyes are difficult to eliminate in biological wastewater treatment plants due to the presence of halogens and chromophores. Stringent regulations set by regulatory bodies also present a host of challenges to the market growth. However, the development of new generation, bio-based dyes, produced with safer intermediates which reduce human toxicity and introduction of environmentally friendly dyeing procedures are likely to present growth opportunities to the global Malic Acid Market.

Malic Acid Market are increasingly being used as dispersing agents in line with the surging uptake of paints as well as industrial coatings. Tridecyl alcohol ethoxylate will witness robust sales in the coming years, given its escalating application scope in the building construction sector. Moreover, the impressive stabilizing property renders these products ideal for use as wetting agents, which can mean substantial market growth in subsequent years.

Industry/ Innovation/ Related News:

February 12, 2019 ----- Bartek Ingredients Inc. (Canada), a leading global producer of malic acid, fumaric acid, and maleic anhydride announced the successful completion of a 4,000 ton/year capacity increase of its malic acid production facilities. The global leader in malic and fumaric acid products completes the first project in a series of process and production improvements.

Since its TorQuest Partners’ acquisition in October of 2018, Bartek has executed several significant capital projects to expand its capacity and improve efficiency. Additional projects scheduled to be completed in 2019 include state-of-the-art upgrades to Bartek’s laboratories and office facilities. These projects are Bartek’s response to the growing global demand for malic acid and others, supporting its customers’ growth and innovation needs.

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Segment Study of 
Malic Acid Market

The report is segmented into three market dynamics to widen the scope of understanding,

By Type                                   : DL-Malic Acid, L-Malic Acid, and D (+)-Malic Acid.

By End-use Industry   : Food Beverage, Personal Care, and Pharmaceutical, among others.

By Regions                              : Asia Pacific, North America, Europe, and the Rest-of-the-World.

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Malic Acid Market
 Market  - Geographical Analysis

Asia Pacific region dominates the global Malic Acid Market. The largest market share attributes to the rising demand for PVC materials that are extensively used across end-use industries. Additionally, the increasing production of lightweight and heavy-duty automotive parts led by the demand to increase fuel efficiency in commercial vehicles consumes a massive amount of EDC materials. Also, the raw material advantage in the region results in increased numbers of EDC production plants, attracting foreign investors.  

Furthermore, the high adoption of advanced technologies in the region propels the growth of the market. The market demand is predicted to surge in various APAC countries such as Bangladesh, China, Vietnam, Japan, Thailand, Malaysia, South Korea, and India, on account of increasing per capita income and the continuous growth in the sales of passenger cars heavy-duty vehicles.

Europe stands second in the global Malic Acid Market. The growth in the market is predominantly driven by the growing automotive production sales and the huge investments in RD activities. Moreover, the rising expenditures in innovation, alongside the increasing purchasing power of demographics in the region, drive the growth of the market. 

The demand for ethylene dichloride is anticipated to grow in countries like Poland, the Netherlands, Italy, Germany, Spain, the UK, France, and Russia. However, Germany and the UK have emerged as important consumer markets for EDC in the region.

The Malic Acid Market share in North America is growing at a moderate CAGR. Factors such as the high consumption potential and rising production capacities in the region foster the market growth. Besides, the increasing economic growth rate in the region allows the market to hold a prominent position in the global EDC market. North American countries such as the US and Canada are among the major contributors to regional growth.

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