US Acids (Organic, Inorganic) Market Size, Share and Trend Analysis Report 2021

Dublin, December 23, 2021 (GLOBE NEWSWIRE) – The “US Acids Market Size, Share & Trend Analysis Report by Type (Organic, Inorganic) and Segment Forecast, 2021-2028” the report was added to ResearchAndMarkets.com offer.

The US acids market size is expected to reach USD 9.6 billion by 2028. The market is expected to grow at a CAGR of 5.4% from 2021 to 2028.

This growth is attributed to the increased scope of products in food and beverages. Another factor driving the market is the increasing use of the product in livestock feed to improve milk production in ruminants such as cows and sheep.

The inorganic acid market is growing at a significant rate due to the increasing consumption of fertilizers and agrochemicals in the agricultural industry. It is used in the production of paper and pulp for carbon dioxide generation, pH adjustments, and tall oil splitting. It is also used to make a protective layer on a metal part such as silver, aluminum, tin, steel and cadmium.

Organic acids are used in the agricultural system to improve soil, promote plant growth, and fight disease. It is also used to improve decomposition, increase the formation of humus in the soil, and release plant nutrients. In the personal care and cosmetic industry, it is used to adjust pH concentrations in products and remove dead cells.

It is used in anti-acne and anti-aging creams because it helps reduce wrinkles, reduce blemishes, even skin tone, and provide smooth skin texture. Its food and beverage demand is expected to increase due to its increasing penetration in the meat, poultry and seafood industries. This is expected to boost the demand for the products during the forecast period.

The majority of players operating in the development and advancement of acids are highly competitive, with the majority of companies focusing on the development of new products with green features and responding to a wider application market. These factors are expected to reflect substantial growth of butyric, malic and benzoic acids, among others in the market.

Highlights of the U.S. Acids Market Report

  • The market is expected to experience a significant revenue-based CAGR of 5.4% due to increasing product demand in several end-use industries such as animal feed, food and beverage, pharmaceuticals, and personal care .

  • Organic acids segment dominated the industry in 2020 with a revenue share of over 70.0%, considering the high demand for citric, acetic, formic, lactic, ascorbic, succinic, propionic and fumaric acids.

  • Inorganic acids are widely used in the agricultural sector with a percentage share of over 39% in 2020 due to the high demand in the production of agricultural pesticides

  • The strong presence of feed and food additive manufacturing companies, especially in developing economies, is expected to positively influence market demand.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. US Acids Market Variables, Trends and Scope
3.1 Market Lineage Outlook
3.1.1 Global Acids Market Outlook
3.2 Mapping of penetration and growth prospects
3.3 Industry Value Chain Analysis
3.3.1 Trends in commodities
3.3.2 Manufacturing trends
3.3.3 Analysis of sales channels
3.4 Price trend analysis, 2017 – 2028
3.5 Regulatory framework
3.6 Impact of the COVID-19 pandemic
3.7 Market dynamics
3.8 U.S. Acids Market: Business Environment Analysis
3.9 US Acids Market: Macroeconomic Analysis

Chapter 4. United States Acids Market: Type Estimates and Trend Analysis
4.1 Market share and type movement analysis, 2020 and 2028
4.2 Market size and forecast and trend analysis, 2017 to 2028 for the following:
4.2.1 Organic
4.2.1.1 US Organic Acids Market Estimates & Forecasts, 2017 – 2028 (Million Tons) (USD Billion)
4.2.1.2 Personal and cosmetic care
4.2.1.3 Food and beverages
4.2.1.4 Pharmaceuticals
4.2.1.5 Animal feed
4.2.1.6 Manufacture of chemicals
4.2.1.7 Agriculture
4.2.1.8 Consumer goods
4.2.1.9 Lubricants
4.2.1.10 Others
4.2.2 Inorganic
4.2.2.1 US Inorganic Acids Market Estimates & Forecasts, 2017-2028 (Million Tons) (USD Billion)
4.2.2.2 Agriculture
4.2.2.3 Paints and coatings
4.2.2.4 Textiles
4.2.2.5 Oil
4.2.2.6 Metalworking
4.2.2.7 Wastewater treatment
4.2.2.8 Manufacture of chemicals
4.2.2.9 Pulp and paper

Chapter 5. United States Acids Market: Competitive Analysis
5.1 Major global players and recent development
5.2 Supplier landscape
5.2.1 List of raw material suppliers
5.2.2 List of major manufacturers
5.2.3 List of potential end users
5.3 Competitive environment
5.4 Categorization of companies / competitions (key innovators, market leaders, emerging players)

Chapter 6. United States Acids Market: Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/8rz38z

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