Paraformaldehyde Market : Market Research Report : Key Growth Factors and Forecast 2024
Carboxylic acids are organic compounds with high boiling point. These are made up of two functional groups: carbonyl and hydroxyl. Carboxylic acid is used in several applications such as food & beverages, animal feed, pharmaceuticals, personal care & cosmetics, consumer goods, lubricants, and agriculture. It possesses a strong odor, especially volatile derivatives. The market for carboxylic acids is largely driven by growth of vinyl acetate monomer (VAM) in the food packaging industry and high demand for stearic, butyric, and valeric acid in the personal care & cosmetics industry. Rising usage of organic acids as growth promoters in the animal feed industry is likely to boost demand for carboxylic acid. However, stringent regulations regarding the production of petro-based carboxylic acids are expected to hamper the global carboxylic acids market. Furthermore, easy availability of substitutes in various end-use industries is likely to inhibit market growth. This 1...
