Market Overview
The Global Malonic Acid market is expected to reach a valuation of
USD 117.1 million in 2023 and is anticipated to witness a steady
CAGR of 3.1% for the forecast period (2023-2032).
Malonic acid is an organic dicarboxylic acid with the chemical formula C3H4O4. It appears as a white crystalline solid, easily soluble in water & polar organic solvents. The compound is utilized in several applications in numerous chemical processes, behaving as a fundamental raw material or building block for the production of agrochemicals, pharmaceuticals, & specialty chemicals. Its chemical formula containing two groups of carboxylic acid, provides versatility, which therefore allows it to take part in several range of chemical reactions, such as condensation, esterification, & decarboxylation reactions.
The growing desire for malonic acid in the sector of agriculture has been a major driver for the growth of the market for malonic acid. As a decarboxylated organic compound, malonic acid plays a crucial role in the agricultural sector as a precursor for the production of insecticides, herbicides, & fungicides. Moreover, its efficacy as a buffer & pH adjuster in the formulations of agricultural products improves its value as a crucial component in crop protection products, contributing to the industry's overall growth in the foreseeable future.
Market Dynamic
The United States stands as one of the key markets for malonic acid worldwide with an anticipated rise in demand driven by the food additives, pharmaceutical, & cosmetic sectors. A noteworthy trend in the chemical sector is the increasing focus on including renewable raw materials for the manufacturing of malonic acid, showing a rising shift to eco-friendly & sustainable practices. Moreover, more environmentally friendly manufacturing techniques & technologies are increasing, propelling the market's growth & featuring the United States as a major player in the market of malonic acid.
With increasing developments & advancements in these environmentally friendly manufacturing techniques & technologies, the growth prospects of the market of the United States look promising. The continuous enhancements & acceptance of new & better techniques spotlight the industry's commitment to sustainability, fueling the demand for malonic acid in several end-use sectors. As the chemical sector looks for sustainable substitutes, malonic acid's versatility, & eco-friendly manufacturing processes highlight it as a key driver in driving environmentally friendly methods.The agricultural, food and beverage, & pharmaceutical sectors in the United States are major consumers of malonic acid, & their growth is anticipated to lead the market's expansion.
Research Scope and Analysis
By Application
The application segment of flavor enhancers dominates the malonic acid market, holding a maximum share of this market in the application segment in 2023. This remarkable growth can be credited to the wide utilization of this acid as a flavoring agent & acidulant within the sector of food & beverages. The rising desire for malonic acid in this sector is anticipated to remain robust by 2032, showing growth opportunities for producers. Furthermore, malonic acid is used as an acidity controller, pharmaceutical excipient, & food preservative, along with functioning as a precursor to polyesters & playing a vital role as an active compound in alkyd resins.
The strong foothold of this acid in the segment of flavor enhancers reflects its invaluable effect in improving taste & enhancing acidity in several food items. This wide range of usage across numerous sectors because of its immense advantages has bolstered its demand & contributed to its significant market share. As the food sector keeps on evolving, with the growing desire for malonic acid as an acidulant & flavoring agent, producers can expect supportive prospects in the malonic acid market.
By End-Use
The segment of food & beverage dominates the market capturing a good amount of share in 2023. This growth can be attributed to the rising desire for flavoring agents & food additives, especially malonates, in the sector of food & beverage. Due to its outstanding properties of flavor-enhancing & blending, malonic acid has become a prominent acidulant & flavoring agent contributing to its wide utilization in the sector. Factors such as rising domestic consumption of food & beverage items, especially in Middle Eastern & Asian markets, global population growth, diversification of products via several launches, & enhanced distribution networks, have all led to the market’s growth.
Furthermore, the adoption of malonic acid derivatives in the healthcare sector as a basic raw material for producing numerous drugs is anticipated to propel the demand in the market. Malonic acid acts as an important precursor for essential drugs, such as Thiamine, barbiturates, & NSAIDs (non-steroidal anti-inflammatory drugs). Additionally, malonic acid's importance in the manufacturing of plant growth regulators is commendable. These regulators play a crucial role in enhancing crop quality, & crop yield, and provide protection against any natural stressors. The malonic acid can serve to the efficient delivery of essential micronutrients to yields, like manganese, zinc, & iron, therefore supporting plant growth & higher yields. These developments hold great significance in boosting the production of food in the market.
The Global Malonic Acid Market Report is segmented on the basis of the following:
By Application
• Flavor Enhancer
• Additive
• pH Controller
• API
• Precursor
• Others
By End-Use
• Agriculture
• Pharmaceuticals
• Plastics
• Paints & Coatings
• Food & Beverages
o Beverages
o Confectionery
o Baked items
o Fruit Preparations & Preserves
• Others
Regional Analysis
Europe dominates the Malonic acid Market with a maximum share of 43.9% in 2023. This can be accredited to the presence of several end-use sectors including pharmaceutical food & beverage, paints & coatings, plastics, agriculture, etc. The growth of these sectors is anticipated to drive the demand for malonic acid for the forecast period. Europe’s & North America’s developed nations have widespread usage of malonic acid in industries such as pharmaceuticals, food & beverages, personal care, & cosmetics, which is anticipated to further propel the market in these regions.
The significant presence of pharmaceutical sectors and food & beverages in North America, key players including Pfizer Inc., Abbott, Merck Sharp & Dohme Corporation sets the region apart. The flourishing healthcare sector in nations such as the United States & Mexico is also expected to contribute to the rising desire for malonic acid in the region. In Asia, especially Japan, India, & China, the production of malonic acid is notable. The growing population in the region, & enhanced levels of income, have led to a significant rise in malonic acid demand, especially in the food & beverages sector. Furthermore, the expansion of food & beverage start-ups in nations such as India is expected to drive demand across several sectors for the forecast period.
By Region
North America
• The U.S.
• Canada
Europe
• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe
Asia-Pacific
• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA
Competitive Landscape
International corporations are actively engaged in expanding their production capacities and forging strategic partnerships with distributors to bolster their competitive position in the market. To gain an edge over their competitors, these companies are also investing heavily in research and development initiatives. An illustrative example of such collaboration is Lygos Inc.'s recent announcement in November 2022, wherein they disclosed their joint research efforts with Ginkgo Bioworks. Over the course of approximately two years, the two companies will be working on two specific programs aimed at developing biodegradable formulations and specialized products made from polymers. With many key industry players having a strong presence throughout the value chain, new entrants may face significant barriers to establishing themselves in the market.
It is evident that the market for malonic acid is witnessing a highly dynamic environment, characterized by the pursuit of effective operational strategies by international corporations. By embracing capacity expansions, strategic partnerships, and innovation-driven research and development endeavors, these companies are positioning themselves to stay ahead in the competitive landscape. Notably, the collaborative efforts between Lygos Inc. and Ginkgo Bioworks exemplify the industry's dedication to sustainable practices, aiming to develop eco-friendly products through biodegradable formulations and polymer-based items. For aspiring market entrants, navigating through the established players' integrated value chains may prove to be a challenging obstacle in establishing their presence in the market.
Some of the prominent players in the Global Malonic Acid Market are:
• Lonza Group
• Shanghai Nanxiang Reagent Co., Ltd.
• Wuhan Kemi-Works Chemical Co., Ltd.
• Columbus Chemical Industries, Inc.
• TATEYAMA KASEI Co., Ltd.
• Trace Zero LLC
• J&K Scientific Limited
• Lagos
• Hefei TNJ Chemical Industry Co., Ltd
• Medical Chem (Yancheng) Manuf. Co., Ltd.
• Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Malonic Acid Market:
The global malonic acid market was significantly impacted by the COVID-19 pandemic and the subsequent recession. Lockdown measures and restrictions disrupted production and distribution, leading to fluctuations in demand for malonic acid across various industries. While the pharmaceutical and agrochemical sectors witnessed mixed effects due to increased demand for COVID-19 treatments and vaccines but faced supply chain disruptions and reduced operations, other industries like cosmetics and specialty chemicals experienced a decline in demand as consumer spending decreased.
Moreover, the recession further dampened the market as industrial production and consumer spending declined. However, amidst these challenges, the pandemic also fueled a greater focus on sustainability and eco-friendly products, presenting potential opportunities for malonic acid manufacturers in the long run. The market's recovery will depend on the control of the pandemic, global economic conditions, and the industry's adaptability to changing consumer preferences and market dynamics. Market players are likely to implement strategic measures to enhance their resilience and competitive edge in the post-pandemic era.
Report Characteristics |
Market Size (2023) |
USD 117.1 Mn |
Forecast Value (2032) |
USD 154.4 Mn |
CAGR (2023-2032) |
3.1%% |
Historical Data |
2017 - 2022 |
Forecast Data |
2023 - 2032 |
Base Year |
2022 |
Estimate Year |
2023 |
Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
Segments Covered |
By Application (Flavor Enhancer, Additive, pH
Controller, API, Precursor, and Others), By End-Use
(Agriculture, Pharmaceuticals, Plastics, paints &
coatings, Food & Beverages, and Others). |
Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
Prominent Players |
Lonza Group, Shanghai Nanxiang Reagent Co., Ltd.,
Wuhan Kemi-Works Chemical Co., Ltd., Columbus
Chemical Industries, Inc, TATEYAMA KASEI Co., Ltd.,
Trace Zero LLC, J&K Scientific Limited, Lagos, Hefei
TNJ Chemical Industry Co., Ltd, Medical Chem
(Yancheng) Manuf. Co., Ltd. and Other Key Players. |
Purchase Options |
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Frequently Asked Questions
The Global Malonic Acid market is expected to reach a valuation of USD 117.1 million in 2023.
The Global Malonic Acid Market is expected to grow at 3.1% (CAGR) from 2023 to 2032.
Europe dominates the market for malonic acid, capturing 43.9% of the revenue share in 2023.
Some of the prominent players in the Global Malonic Acid Market include Lonza Group, Shanghai
Nanxiang Reagent Co., Ltd., Wuhan Kemi-Works chemical Co., Ltd., Columbus Chemical Industries, Inc.,
Other key players.