Hyderabad, India -- (SBWIRE) -- 03/06/2018 -- Organic acids are weak acids that don't completely dissociate in water while in comparison to mineral acids. Organic acids including formic acid and lactic acid are miscible in water. Furthermore, numerous agro-industrial residues which include cassava bagasse, espresso husk, apple pomace, soybean, sugarcane, corn-cobs, press-mud, citric pulps, wheat bran, and kiwi fruit peel are being deployed for the manufacturing of organic acids.

Organic acids have at least one carbon atom in its structure, which makes them natural. Apart from this, they are utilized in the production of an extensive variety of products in food (canned tomatoes, vinegar, sodas, and many others.), leather tanning, pharmaceutical, and chemical industry (for manufacturing organic chemical substances).

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The global organic Acids market is worth around USD 9 billion in 2016 and envisioned to grow at a CAGR of 5.4%, to reach USD 11.7 billion by 2021.

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Organic acids are produced by way of fermentation system of numerous microorganisms and are generally used in food and beverage industry. They are also produced synthetically on a wide scale for several industrial packages including catalysts, surfactants, and dyes amongst numerous others. Formaldehyde is used in the production of natural acids as an antimicrobial agent.
Major end user industries for organic acids include food and beverages, petrochemicals, prescription drugs, fabric and adhesives among others. Food and beverages dominate the worldwide demand for organic acids and the trend is predicted to maintain for a foreseeable future. Pharmaceutical is predicted to be the quickest developing quit consumer phase for organic acids. It is also extensively used in the production of several chemical compounds and substances utilized in automobiles and construction enterprise.

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Geographically, the Organic Acids market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is expected to represent the biggest proportion on this market. However, the Asia Pacific region is predicted to witness the fastest growth and overtake North America, at some stage in the forecast period.

The main firms dominating the market include Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.), Corbion (Netherlands), Myriant Corporation (U.S.), Cargill (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), Henan Jindan Lactic Acid Technology Co. Ltd (China), Polynt-Reichhold (Italy), Tate & Lyle (U.K.), Koninklijke DSM N.V. (Netherlands), and E.I. Du Pont De Nemours & Company (U.S.).

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