The global bio-based organic acids market is growing, due to the increasing compliance for bio-based products, favorable government regulations, and several benefits of bio-based organic acids. Moreover, the drawbacks and environmental concerns associated with conventional organic acids, and increasing base of end-user industries is supporting the demand for bio-based organic acids across the globe. Major raw materials for bio-based organic acids including biomass, sugars, corn and maize are analyzed in the report. Similarly, the market size and forecast for the major types of bio-based organic acids, such as fumaric acid, acrylic acid, citric acid, lactic acid, succinic acid and acetic acid are also analyzed in the report.
The increasing focus on bio-based organic acids and stringent regulation for conventional organic acids are creating ample growth opportunities for the global market. Moreover, the key growth countries for bio-based organic acids and the emerging economies of Asia-Pacific and Rest of the World, such as China, India, and Brazil are providing huge revenue generation opportunities for the manufacturers of bio-based organic acids.
Organic acids are the organic compounds with acidic properties. Bio-based organic acids are produced from renewable raw materials. Organic acids are vital chemicals used for the production of commodity and specialty chemicals having several applications including food, polymers, metals, fibers, coatings, solvents, lubricating oils, pharmaceutical, and cosmetics.
Geographically, the global market is segmented into North America, Europe, Asia-Pacific and Rest of the World. The product and application segments of the bio-based organic acid market are analyzed at regional level, in terms of volume as well as value.
Some of the key players operating in the global market include BioAmber, Royal DSM, Myriant Corporation, Metabolix Inc., Novozymes, NatureWorks LLC, BASF SE, Cargill Incorporated, The Dow Chemical Company, and Genomatica Inc.