Future Market Insights (FMI) estimates the global Malonic Acid Market to reach a value of USD 56,058.6 thousand by 2023. The report suggests that the sales prospects of the market are expected to expand at a CAGR of 5.7% surpassing USD 97,277.2 thousand by 2033.
Malonic acid is dicarboxylic acid with chemical formula ‘C3H4O4’. It is a white crystalline solid that is soluble in polar and water organic solvents. The acid contains two carboxylic acid groups (-COOH) that are separated by a single methylene (-CH2-) group.
Malonic acid finds growing popular usage in industries such as pharmaceuticals, food and beverages, and agrochemicals. It is used in organic synthesis as a building block for the preparation of several chemicals, including polymers.
Key market participants are positively engaged in sustainable methods of production, expansion and development activities for malonic acid to cater to the rising demand from aforementioned sectors.
| Attributes | Key Inights |
|---|---|
| Malonic Acid Sales (2022A) | USD 53,531.1 thousand |
| Malonic Acid Sales (2023E) | USD 56,058.6 thousand |
| Malonic Acid Market Projections (2033F) | USD 97,277.2 thousand |
| Value-based CAGR (2023 to 2033) | 5.7% |
| Collective Value Share: Top 3 Countries (2023E) | 48.4% |
Malonic acid is an essential starting material in the synthesis of several medications and drug intermediates. This primes the pharmaceutical sector as the primary driver of growth in the malonic acid industry.
Malonic acid is also extensively employed as a flavoring ingredient and acidulant in the food and beverage sector, which is expected to further propel its demand over the forecast period.
Manufacturers may capitalize on rising demand by focusing on establishing environmentally friendly and sustainable production methods. However, the market is confronted with obstacles such as the lack of alternative beginning materials, environmental concerns, and unpredictable raw material prices.
The malonic acid industry is predicted to increase steadily, particularly in the Asia-Pacific region. This growth would primarily be commanded by rising usage of malonic acid derivatives.
Presence of large agrochemical establishments and several malonic acid manufacturers is likely to provide a cost advantage for this market in the region. Manufacturers and market participants must stay current on market trends and developments in order to remain competitive.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The market witnessed a CAGR of 4.2% over the historical period of 2018 to 2022. The global demand for the market increased due to the growth of the pharmaceutical industry and the growing use in the production of drugs.
The increasing demand for malonic acid as a food preservative has contributed to its market growth. Though the market faced challenges during the pandemic owing to a dip in F&B sales, the overall demand is expected to continue to surge in the coming years.
For the forecast period of 2023 to 2033, the sector is expected to surge with a moderate CAGR of 5.7%. The market is anticipated to witness robust investment opportunities owing to increased demand from the end-use sectors such as pharmaceutical, food & beverage, chemical, and personal care.
Economies such as China, India, and Brazil are witnessing rapid industrialization, which is driving the demand for polymer-based products from the manufacturing sector.
Booming Demand from the Agriculture Sector to Drive Traction for the Market
Malonic acid is a dicarboxylic acid that has applications in the agriculture industry. Its primary use of it in agriculture is as a precursor for the synthesis of several herbicides, insecticides, and fungicides. It is used as a pH adjuster and buffer in agricultural formulations.
The demand for malonic acid in the agriculture industry is driven by the need for effective and safe crop protection products. With the growing global population, there is a constant need to increase agricultural productivity and protect crops from pests and diseases. This has led to the development of new and improved crop protection products that use malonic acid as a key ingredient.
Malonic acid demand is high for the production of plant growth regulators, which are chemicals that can stimulate or inhibit plant growth. These regulators are used to improve crop yield, quality, and resistance to environmental stressors.
Malonic acid formulations can help to increase the delivery of essential micronutrients to crops, such as iron, zinc, and manganese. This improves the overall health and growth of plants, leading to better yields. This helps increase food availability in the market.
The factors mentioned above outline how the agriculture industry plays a significant role in driving the demand for the malonic acid industry. As the demand for food security continues to rise, the agriculture industry will increasingly rely on malonic acid over the forecast period.
Demand for Bio-based Products to Supplement Market Growth
The demand for bio-based products is a key factor contributing to the growth of the market. The traditional method of producing malonic acid involves the use of petroleum-based chemicals, which has raised concerns over its environmental impact and sustainability.
To address sustainability concerns, there is an increasing demand for bio-based alternatives to petroleum-based chemicals. Malonic acid plays a key role as such an alternative.
Bio-based malonic acid is produced from renewable resources such as sugar, which are abundant and more sustainable than petroleum-based feedstock. It offers several advantages over its petroleum-based counterpart, including a lower carbon footprint, better biodegradability, and reduced toxicity.
Companies are looking for sustainable eco-friendly alternatives to traditional petroleum-based chemicals. This trend is projected to continue in the coming years as more consumers and companies prioritize sustainability in their purchasing decisions.
Competition from Malonic Acid Derivatives and Other Substitutes to Hinder Market Growth
The market growth for malonic acid is greatly influenced by the prices of the raw materials used in their production, such as acetic acid and cyanide. The prices of these raw materials directly correlate to the production costs for malonic acid.
Resultant higher prices for the final product can lead to a decrease in competitiveness compared to alternative products, ultimately hindering the market's growth.
The fluctuation of raw material prices can create market uncertainties, causing hesitation from both buyers and sellers. This hesitancy can, in turn, lead to a decrease in demand for malonic acid, further hindering its market growth.
Malonic acid is sometimes substituted by other malonates such as methyl malonate and dimethyl malonate in the pharmaceuticals sector. Similarly, citric and tartaric acid are common alternatives used in the food & beverages sector.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Sustainable Malonic Acid Synthesis to Boost the North America Market
The United States is one of the prevalent markets for malonic acid globally. The demand for malonic acid is expected to surge due to the increasing demand from the pharmaceuticals, food additives, and cosmetics sectors.
In terms of market trends, there has been a growing interest in the use of renewable raw materials for the production of malonic acid. This has been in addition to an increasing focus on sustainability and eco-friendliness in the chemical industry.
This has led to the development of new production methods and technologies that are more efficient and less harmful to the environment. The United States market is expected to continue growing in the coming years, driven by the development of new production methods and technologies.
North America malonic acid industry is projected to rise at a CAGR of 5.2% through 2033.
Growing Government Initiatives to Drive China Malonic Acid Market Sales
The demand for malonic acid in China can be influenced by several factors, including general economic growth, government regulations, and competition from alternative products.
China is one of the leading markets for malonic acid products, driven by the growing demand from pharmaceuticals, agrochemicals, and similar key manufacturing sectors.
Favorable government initiatives towards industry expansion are driving demand for consumer goods that use malonic acid as a key raw material. The government of China is supporting the development of the chemical industry through several initiatives, including the promotion of green chemistry and the implementation of strict environmental regulations.
The malonic acid industry in China is expected to expand at a CAGR of 6.1% during the forecast period.
Increasing Use of Malonic Acid in the Pharmaceutical Sector as an Intermediate Chemical to Fuel Sales
Malonic acid is commonly used as a pharmaceutical intermediate in the production of several drugs. It is a dicarboxylic acid that can undergo chemical reactions to form a range of different compounds.
The most common reaction that malonic acid undergoes in pharmaceutical synthesis is called Malonic Ester Synthesis. In this process, the acidic hydrogens of malonic acid are replaced with alkyl or aryl groups via an esterification reaction.
The resulting malonic ester can then be reacted with a wide range of reagents, including alkyl halides and carbonyl compounds. This helps produce a variety of different pharmaceuticals. It can be used in the synthesis of non-steroidal anti-inflammatory drugs (NSAIDs) such as indomethacin and sulindac.
The versatility of malonic acid in organic synthesis makes it a valuable intermediate in the production of several different pharmaceutical compounds.
Widespread Application of Malonic Acid as a Preservative in Food & Beverages Sector Pushing Market Demand
Malonic acid is used as a flavoring agent in food and beverage products, including fruit juices, soft drinks, candies, and chewing gum. Its sour taste enhances the overall flavor profile of these products. It inhibits the growth of bacteria and other microorganisms that can spoil food products by acting as a preservative.
This makes it an ideal ingredient for processed foods that have a long shelf life. It is a weak acid that can be used to adjust the pH of food and beverage formulations.
It is important to closely regulate the acid levels because the pH of a food & beverage can affect its taste, texture, and stability. Malonic acid can help maintain the desired pH level and improve the overall quality of the product.
It has been found to have potential health benefits, including antioxidant and anti-inflammatory properties. As consumers become more health conscious, the demand for food and beverage products with added health benefits is increasing.
This creates an opportunity for the market to surge as manufacturers look for new ways to add functional ingredients to their products.
Owing to these factors, the food industry is likely to create ample opportunities for the market. Its use in food and beverage products is expected to continue to rise in the coming years.
The market is fairly fragmented with leading manufacturers holding dominating shares in the market. Top-5 players identified in the report are anticipated to hold 40% to 45% of the global market share.
The remaining share is anticipated to be distributed along local and regional players. The key market participants are targeting emerging economies with higher growth potential to boost their revenue in the market.
With increasing awareness about the environmental impact of chemical production, several companies are adopting sustainable practices in malonic acid production.
For instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Industry Analysis | USD Thousand for Value and Tons for Volume |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Poland, NORDICS, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, Australia and New Zealand, United Arab Emirates, Türkiye, Israel, and Northern Africa and South Africa |
| Key Segments Covered | Grade, Application, End Use, and Region |
| Key Companies Profiled | 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; Ataman Chemicals; Vizag Chemicals |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The current malonic acid market size stands at USD 56,058.6 thousand in 2023.
The malonic acid sales potential is projected to surge at a CAGR of 5.7%, surpassing a value of USD 97,277.2 thousand by 2033.
The growing utilization of malonic acid in pharmaceutical research and its appeal as a sustainable chemical from renewable sources drive its prominence.
The malonic acid market experienced a CAGR of 4.2% between 2018 and 2022.
The pharmaceutical sector's adoption of malonic acid as a vital intermediate chemical is propelling sales and indicating promising market growth.
Explore Hydrocarbons, Petrochemicals, and Organic Chemicals Insights
View Reports
Malonic Acid Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
