Malonic Acid Market Overviews
The Global Malonic Acid Market was estimated to be worth US$ 189.98 Million in 2023 from 2030 to 2030, it is anticipated to grow at a compound annual growth rate (CAGR) of 4.39%, reaching US$ 256.65 Million.
Malonic acid is a dicarboxylic acid with the chemical formula CH₂(COOH)₂, characterized by the presence of two carboxyl (COOH) groups. When ionized, malonic acid and its derivatives, including esters and salts, are referred to as malonates. One common derivative is dimethylmalonate, which is the diethyl ester of malonic acid. This compound serves as a building block in the synthesis of specialized polyesters. Additionally, malonic acid can be transformed into 1,3-propanediol, which has varied applications in the production of polyesters and polymers. Furthermore, malonic acid is a key ingredient in alkyd resins, widely used in coatings to protect surfaces from corrosion, oxidation, and ultraviolet radiation.
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Malonic Acid Market Scope and Methodology:
The regulation of certain substances is stringent due to their adverse effects on public health and the environment. For instance, compounds like phthalates and bisphenol A are heavily regulated, paving the way for safer alternatives such as malonic acid. This compound and its derivatives serve as vital intermediates in the synthesis of various pharmaceuticals and specialty chemicals. Notably, malonic acid is used as a raw material for producing barbiturates, which function as sedatives and anticonvulsants. This particular application significantly drives the demand for malonic acid in the market.
Malonic Acid Market Regional Insights
The largest market share for malonic acid will still belong to North America in 2023, with a share of over 30%. The market for this type of product is expanding because of escalating demand from the chemical and pharmaceutical industries. The most common country in North America where malonic acid is consumed is the United States.
Malonic AcidMarket Segmentation
By Application: The precursor industry for malonic acid is expected to dominate the market, accounting for over 40% of the share in 2023. This segment’s growth is driven by the increasing demand for malonic acid, which serves as a vital precursor in the production of various chemicals, including pharmaceuticals, polymers, and food additives.
Malonic Acid Market Key Players
Shanghai Nanxiang Reagent Co., Ltd.
Columbus Chemical Industries, Inc.
TATEYAMA KASEI co., Ltd
Trace Zero LLC
Medical Chem (Yancheng) Manuf.Co., Ltd.
J&K Scientific Ltd.
Hefei TNJ Chemical Industry Co., Ltd.
Lygos Inc.
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Key questions answered in the Malonic Acid Market are:
- What is Malonic Acid ?
- What was the Malonic Acid market size in 2023?
- What is the growth rate of the Malonic Acid Market?
- Which are the factors expected to drive the Malonic Acid market growth?
- What are the different segments of the Malonic Acid Market?
- What growth strategies are the players considering to increase their presence in Malonic Acid ?
- What are the upcoming industry applications and trends for the Malonic Acid Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Malonic Acid Market?
- Who are the leading companies and what are their portfolios in Malonic Acid Market?
- What segments are covered in the Malonic Acid Market?
- Who are the key players in the Malonic Acid market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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