The value of the global malonic acid market is anticipated to reach US$ 56,058.6 thousand in 2023, according to Future Market Insights (FMI). The global market for malonic acid is anticipated to grow at a CAGR of 5.7% from 2023 to 2033. The estimated overall market valuation for 2033 is US$ 97,277.2 thousand.
The malonic acid market is poised for steady growth in the coming years, driven by its widespread applications and the increasing demand for its derivatives. Advancements in chemical synthesis techniques, coupled with the expansion of end-use industries, are expected to fuel market growth. Additionally, the growing focus on sustainable and eco-friendly products could lead to the development of greener processes for malonic acid production, further enhancing its market prospects.
One of its key applications is producing polyester resins, which are widely used in the manufacturing of films, fibers, and packaging materials. The synthesis of diesters, which are crucial intermediates in the production of polyester resins, requires malonic acid as a raw material.
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Malonic acid serves as a fundamental building block for specialty polymers such as polyesters and polyamides that exhibit unique properties. This makes them ideal for high-performance applications in industries such as aerospace and automotive.
Another application of malonic acid is in the production of polyurethanes, where it acts as a cross-linking agent. Polyurethanes are extensively used in the manufacture of adhesives, coatings, and foams.
Given the polymer industry’s considerable reliance on malonic acid, its growth is expected to drive demand for malonic acid in the market. Malonic acid continues to remain an essential chemical intermediate in the polymer industry with a broad range of applications.
Similarly, increasing applications in pharmaceutical and food & beverage industries will elevate malonic acid demand.
Key Takeaways from the Malonic Acid Market:
- The global malonic acid industry is expected to attain a valuation of US$ 97,277.2 thousand by 2033.
- Global malonic acid sales are likely to soar at a CAGR of around 7% from 2023 to 2033.
- By end use, food & beverage and pharmaceuticals segments are likely to generate significant revenues in the market.
- The malonic acid industry in China is expected to expand at a CAGR of1% during the forecast period.
- North America malonic acid industry is projected to rise at a CAGR of 2% through 2033.
- Top-5 players identified in the report are anticipated to hold 40% to 45% of the global market share.
“Advances in technology have led to improvements in the quality of malonic acid products, making them more reliable and consistent. This has increased the appeal of malonic acid in the global market.” – says a Future Market Insights analyst.
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Who is Winning?
key manufacturers of malonic acid profiled in the report
- Trace Zero Inc.
- Wuhan Kemi Works Chemical Co., Ltd
- Hefei TNJ Chemical Industry
- Shanghai Nanxiang Reagent Co., Ltd
- TATEYAMA KASEI Co., Ltd.
- Columbus Chemical Industries Ltd.,
- Medical Chem Yancheng Manuf Co., Ltd.
- SHANGHAI TOSCO CHEMICAL CO., LTD.
- HeBei ChengXin
- Shandong Xinhua Pharma
The market has witnessed a surge in product development activities, with leading manufacturers focusing on launching new products to stay ahead of the competition.
Key companies are investing heavily in domestic production and are integrating new technologies in the manufacturing process to improve production efficiencies and reduce costs. They are also using strategies such as partnerships, collaborations, and acquisitions to expand their footprint.
For instance,
- In 2019, BioAmber Inc. announced a partnership with EcoMundo, a sustainability consulting firm, to assess and reduce the environmental impact of its malonic acid production process.
- In November 2022, Lygos Inc. announced a research and development collaboration with Ginkgo Bioworks. The corporation comprises the work of two of its research and development programs over around two years to develop biodegradable polymer-based formulations and products.
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Malonic Acid Market Outlook by Category
By Grade:
- Food Grade
- Technical Grade
- Pharmaceutical Grade
By Application:
- Precursor
- Intermediate
- Additive
- Flavor Enhancer
- Cross-Linking Agent
- pH Control
- Electroplating
- Others
By End Use:
- Food and Beverages
- Paints and Coatings
- Polymers and Plastics
- Pharmaceuticals
- Electronics
- Others
By Region:
- North America
- Latin America
- Western Global
- Eastern Global
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- East Asia
- South Asia and the Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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