Carboxylic Acids Market: Extensive Applications in Manufacturing of Lubricants and Agrochemicals to Catalyze Growth, TMR
The global carboxylic acids market features a fairly fragmented landscape as the top five players accounted for nearly 22.0% share in 2014, finds Transparency Market Research (TMR). Some of the leading players operating in the carboxylic acids market are Perstorp, Celanese Corporation, Finetech Industry Limited, LyondellBasell Industries N.V., BASF SE, OXEA, and The Dow Chemical Company. A large number of small players have their presence in developing and developed nations of Asia Pacific. The market was valued at US$12.14 bn in 2014. Expanding at a CAGR of 4.9% from 2015 to 2023, the opportunities in the market is projected to reach US$18.49 bn by the end of the forecast period. Asia Pacific with Extensive Production of Bio-Based Chemicals Offers Lucrative Growth Avenues Regionally, the market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Of these, Asia Pacific accounted for a dominant share in 2014 and is expec...