Global Carboxylic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Acetic Acid, Valeric Acid, Isovaleric Acid, , Formic Acid, Propionic Acid, Butyric Acid, Isobutyric Acid, Citric Acid, , Caproic Acid, Stearic Acid, and Others.

By Production Technology;

Renewable Fermentation Process and Synthetic Process.

By End- Users;

Food & Beverage, Animal Feed, Pharmaceuticals, , Personal Care & cosmetics, , Consumer Goods, Lubricants, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn565361889 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Carboxylic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Carboxylic Acid Market was valued at USD 11,705.71 million. The size of this market is expected to increase to USD 16,581.24 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The global carboxylic acid market is experiencing significant growth driven by its extensive applications across various industries. Carboxylic acids, organic compounds characterized by the presence of a carboxyl group, are essential in the production of a wide range of products, including pharmaceuticals, food additives, polymers, and personal care items. The rising demand for these end-use products, particularly in emerging economies, is propelling the market forward. Additionally, the shift towards sustainable and bio-based chemicals is fostering innovation and expanding the use of carboxylic acids derived from renewable sources.

In the pharmaceutical industry, carboxylic acids are crucial intermediates in the synthesis of various drugs, including non-steroidal anti-inflammatory drugs (NSAIDs), antibiotics, and other therapeutic agents. The growing prevalence of chronic diseases and the continuous advancement in drug development are boosting the demand for carboxylic acids. Similarly, in the food and beverage sector, carboxylic acids like acetic acid and citric acid are widely used as preservatives, flavor enhancers, and pH regulators. The increasing consumer preference for convenience foods and beverages is further fueling the market's expansion.

The carboxylic acid market is benefiting from advancements in polymer production and personal care formulations. Carboxylic acids are integral in producing various polymers and resins used in coatings, adhesives, and plastics. The growing construction, automotive, and packaging industries are driving the demand for these materials. In personal care, carboxylic acids such as glycolic acid and salicylic acid are popular ingredients in skincare products due to their exfoliating and acne-treating properties. The rising awareness of skincare and personal grooming is enhancing the market growth. Overall, the global carboxylic acid market is set to continue its upward trajectory, supported by diverse applications and evolving consumer trends.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Production Technology
    3. Market Snapshot, By End- Users
    4. Market Snapshot, By Region
  4. Global Carboxylic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand in food and beverage preservatives
        2. Increasing use in pharmaceuticals and personal care products
        3. Rising applications in plasticizers and lubricants
      2. Restraints
        1. Volatile raw material prices
        2. Stringent environmental regulations
        3. Availability of substitute chemicals
      3. Opportunities
        1. Development of bio-based carboxylic acids
        2. Expansion in emerging markets
        3. Innovation in product applications and formulations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Carboxylic Acid Market, By Product, 2021 - 2031 (USD Million)
      1. Acetic Acid
      2. Valeric Acid
      3. Isovaleric Acid,
      4. Formic Acid
      5. Propionic Acid
      6. Butyric Acid
      7. Isobutyric Acid
      8. Citric Acid
      9. Caproic Acid
      10. Stearic Acid
      11. Others
    2. Global Carboxylic Acid Market, By Production Technology, 2021 - 2031 (USD Million)
      1. Renewable Fermentation Process
      2. Synthetic Process
    3. Global Carboxylic Acid Market, By End- Users, 2021 - 2031 (USD Million)
      1. Food & beverage
      2. Animal Feed
      3. Pharmaceuticals
      4. Personal care & cosmetics
      5. Consumer goods
      6. Lubricants
      7. Others
    4. Global Carboxylic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Celanese Corporation
      3. Dow
      4. Eastman Chemical Company
      5. Thirumalai Chemicals Ltd.,
      6. Alfa Aesar
      7. Thermo Fisher Scientific.,
      8. Perstorp
      9. FINETECH INDUSTRY LIMITED,
      10. OXEA GmbH
      11. VanDeMark Chemical Inc.,
      12. VVF L.L.C.,
      13. REDOX INDUSTRIES LIMITED
  7. Analyst Views
  8. Future Outlook of the Market