2017 Bio-organic Acid Industry North America size, growth and forecast 2022

Summary

Bio-organic Acid Market in North America-Segmented by Raw Material, By Product Type, By Application Industry, and Geography-Trends and Forecasts (2017-2022). The market is segmented into bio-lactic acid, bio-acetic acid, bio-succinic acid, bio-adipic acid, bio-acrylic acid

Description

The bio-organic acid market in North America has been estimated at USD XX.XX billion in 2015  and is projected to reach USD XX.XX billion by 2020, at a CAGR of XX.XX% during the forecast period. Bio-organic acids are produced from the fermentation of microorganism and are used commercially such as catalysts, surfactants, and dyes. They are produced from bio-based raw materials such as corn, maize, sugar, and biomass.

Bio-organic acid can be used for various applications such as petrochemicals, coatings, healthcare, textile, food, and others. Bio-organic acids are extensively used in the healthcare applications, accounting for a share of XX.XX % in 2015.The report is also segmented based on the raw material usage into corn, maize, sugar, biomass and others.

In terms of product types, the market is segmented into bio-lactic acid, bio-acetic acid, bio-succinic acid, bio-adipic acid, bio-acrylic acid, and others. Bio-lactic acid is the fastest growing products in the market growing at a CAGR of XX.XX %.In terms of revenue the acetic acid segment leads the market accounting for a share of XX.XX%.

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Market Dynamics of the Bio-organic Acid Market in North America:

Drivers:

  • Depleting natural resources
  • Demand from healthcare industry
  • Stringent government regulations

Restraints:

  • Shortage of raw material
  • Huge competition from fossil-fuel products

The US is the leading consumer of bio-organic acid in 2015 accounting for a share of XX%. The bio-organic acid market in North America will grow at a high rate during the forecast period owing to the huge demand from the healthcare industry.

Furthermore, the shifting focus towards eco-friendly products will offer numerous opportunities for the growth of the bio-organic acid market. Some of the major companies dominating the

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market with its products, and continuous product developments are:

  • BASF
  • BioAmber
  • Braskem
  • DSM
  • Genomatica
  • Myriant

Key Deliverables in the Study:

  1. Analysis for the bio-organic acid market in North America, with region specific assessments and competition analysis on a North American and regional scale.
  2. Market definition along with the identification of key drivers and restraints.
  3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale
  4. Extensively researched competitive landscape section with profiles of major companies along with their market share.
  5. Identification and analysis of the macro and micro factors that affect the bio-organic acid market in North America on a regional scale.
  6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  8. Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped.

No. of Report Pages:  130

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