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Melonic Acid Market Share

Report ID: GMI8628
Published Date: Mar 2024
Report Format: PDF

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Melonic Acid Market Share

Melonic Acid Market Company Share, (2023)

In the realm of chemical industry, BASF SE, Celanese Corporation, DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, and INEOS Group stand as distinguished entities renowned for their extensive expertise and global footprint. Each of these esteemed enterprises possesses the adeptness to integrate derivatives of malonic acid across diverse facets of their operations, encompassing product formulation and manufacturing methodologies. Leveraging their technological acumen and profound industry experience, these entities adeptly infuse malonic acid derivatives into a spectrum of offerings, spanning additives, polymers, specialty chemicals, and pharmaceuticals. This strategic utilization enables them to cater to a broad spectrum of sectors, ranging from electronics and cosmetics to pharmaceuticals and beyond, thereby underscoring their stature as frontrunners in the chemical landscape.

These major market players play pivotal roles in shaping the global food industry landscape through their extensive supply chains, technological innovations, and strategic partnerships. Their reach spans across continents, supplying a vast array of food and ingredient products to consumers worldwide. With a focus on sustainability, innovation, and meeting evolving consumer preferences, these companies continuously strive to enhance their product offerings, optimize production processes, and maintain their positions as leaders in the competitive malonic acid business.

Melonic Acid Market Companies

Major players operating in the market include:

BASF SE
Celanese Corporation
DuPont de Nemours, Inc.
Eastman Chemical Company
Evonik Industries AG
INEOS Group
Lonza Group
Merck KGaA
Sigma-Aldrich Corporation
Solvay S.A.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for melonic acid was USD 111.2 million in 2023 and is anticipated to expand at over 3.5% CAGR between 2024 and 2032 driven by expansive utilization in a diverse spectrum of sectors, including electronics, pharmaceuticals, food, and beverage, cosmetics, and agriculture.

Melonic acid industry from the precursor application segment accounted 34% revenue share in 2023 and is projected to witness high demand through 2032 to serve as a pivotal precursor indispensable in the synthesis of diverse molecules, spanning fine chemicals, agrochemicals, and pharmaceuticals.

North America market generated USD 34.6 million in revenue in 2023 and is estimated to exhibit robust growth from 2032 propelled by escalating demand from key end-use sectors, including pharmaceuticals, chemicals, and food & beverages.

Some of the prominent players operating in the industry include BASF SE, Celanese Corporation, DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, INEOS Group, Lonza Group, Merck KGaA, Sigma-Aldrich Corporation, and Solvay S.A.