Carboxylic Acids Market- Global Industry Analysis Forecast 2015-2023

Transparency Market Research has published a new report titled “Carboxylic Acids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global carboxylic acids market was valued at US$ 12.14 Bn in 2014 and is anticipated to reach US$ 18.49 Bn by 2023, expanding at a CAGR of 4.9% between 2015 and 2023. In terms of volume, the global carboxylic acids market stood at 17.82 million tons in 2014.

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The market for carboxylic acids is largely driven by growth of vinyl acetate monomer (VAM) in the food packaging industry; high demand for stearic, butyric, and valeric acid in the personal care & cosmetics industry; and rising usage of organic acids as growth promoters in animal feed. However, factors such as enactment of stringent government regulations on the production of petro-based carboxylic acids and availability of organic and natural substitutes in the animal feed industry hamper market market. End-use industries such as lubricants, rubber, and agrochemicals are likely to provide immense growth opportunities to manufacturers of carboxylic acids.


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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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