The Europe Malonic Acid Market would witness market growth of 2.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 4748.6 tonnes, showcasing a growth of 1.7% (2019-2022).
The polymer industry utilizes malonic acid to modify polymers and synthesize resins, improving material properties. It is incorporated into polymer chains to enhance adhesion, durability, and chemical resistance, making the resulting materials suitable for various industrial applications.
Additionally, malonic acid synthesizes polyester resins, essential components in various coatings, including architectural paints, automotive, and industrial coatings. The growth in construction, automotive, and infrastructure development has increased demand for these coatings.
As per the data from the International Trade Administration, Belgium’s pharmaceutical industry spends $1.64 billion (€1.5 billion) on R&D every year, which is equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the top 30 pharmaceutical companies, including important subsidiaries of major U.S. companies such as Johnson and Johnson and Pfizer.
The Germany market dominated the Europe Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12263.6 Thousands by 2030. The UK market is exhibiting a CAGR of 2.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 2.9% during (2023 - 2030).
Based on Application, the market is segmented into Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others. Based on End Use, the market is segmented into Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The polymer industry utilizes malonic acid to modify polymers and synthesize resins, improving material properties. It is incorporated into polymer chains to enhance adhesion, durability, and chemical resistance, making the resulting materials suitable for various industrial applications.
Additionally, malonic acid synthesizes polyester resins, essential components in various coatings, including architectural paints, automotive, and industrial coatings. The growth in construction, automotive, and infrastructure development has increased demand for these coatings.
As per the data from the International Trade Administration, Belgium’s pharmaceutical industry spends $1.64 billion (€1.5 billion) on R&D every year, which is equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the top 30 pharmaceutical companies, including important subsidiaries of major U.S. companies such as Johnson and Johnson and Pfizer.
The Germany market dominated the Europe Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12263.6 Thousands by 2030. The UK market is exhibiting a CAGR of 2.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 2.9% during (2023 - 2030).
Based on Application, the market is segmented into Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others. Based on End Use, the market is segmented into Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Trace Zero LLC
- Lygos Inc.
- Wuhan Amino Acid Bio-Chemical Co., Ltd
- Hefei TNJ Chemical Industry Co.,Ltd.
- Hebei jingye group
- Shandong Lixing Chemical Co. Ltd.
- Nanjing Perlove Medical Equipment Co., Ltd.
- Wacker Chemie AG
- Thermo Fisher Scientific, Inc.
- Lonza Group Ltd.
Market Report Segmentation
By Application (Volume, Tonnes, USD Million, 2019-2030)- Flavor Enhancer
- API
- Additive
- pH Controller
- Precurser
- Others
- Food & Beverage
- Pharmaceutical
- Agriculture
- Plastics
- Paints & Coatings
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Europe Malonic Acid Market by Application
Chapter 6. Europe Malonic Acid Market by End-Use
Chapter 7. Europe Malonic Acid Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Trace Zero LLC
- Lygos Inc.
- Wuhan Amino Acid Bio-Chemical Co., Ltd
- Hefei TNJ Chemical Industry Co.,Ltd.
- Hebei jingye group
- Shandong Lixing Chemical Co. Ltd.
- Nanjing Perlove Medical Equipment Co., Ltd.
- Wacker Chemie AG
- Thermo Fisher Scientific, Inc.
- Lonza Group Ltd.
Methodology
LOADING...
