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Organic Acids from Renewable Raw Materials Market will Reflect Significant Growth Prospects by 2018

Press Release   •   Jan 05, 2016 17:22 IST

Since the last decade, the demand for organic acids produced from renewable raw materials is growing at a steady pace owing to the impact of conventional organic acids on the environment. In order to cater to this growing demand, more and more organic acid is being produced from renewable sources such as feedstock. The market for organic acid synthesized from renewable raw material is also driven by the stringent regulations imposed by regulatory bodies of various nations on conventional organic acid producers. Bio-based alternatives for organic acid are eco-friendly and are frugal compared to synthetic products. However, the growing concerns regarding the use of wheat and corn for the production of bio-based organic acids instead of using them as food products is one of the major factors inhibiting the growth of this market.

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Organic acid manufactured from renewable raw materials is fully capable of replacing the market for synthetic organic acids. Organic acids are one of the major building blocks in the petrochemicals industry which produce a wide range of intermediates and end use petrochemical products. Some of the applications where bio-based organic acids are expected to be used include polymers, food, coatings, lubricating oils, pharmaceuticals, cosmetics, solvents, diesel fuel oxygenates, and some other applications. Various organic acids which are being used in the above mentioned applications include fumaric acid, acrylic acid, lactic acid, succinic acid, acetic acid, and some others.

Some of the major companies operating in the global market for bio-based organic acids include BioAmber, Myriant, Genomatica, BASF, DSM Cargill, Novozymes, Natureworks LLC, Dow Chemicals, and Metabolix.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Rest of the World

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Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.