Multi-dimensional Nature of Malonic Acid to Drive the Malonic Acid Market in the Forecast Period 2023 to 2033 | Future Market Insights Inc.

NEWARK, Del: The global malonic acid market is expected to witness a staggering CAGR between 2023 and 2033.

Malonic acid comes across as a type of dicarboxylic acid having chemical formula C₃H₄O_4. The white-colored crystalline powder tastes sour and is soluble in ethanol and water. The end-use applications include food & beverages, farming, and pharmaceuticals. Malonic acid is used in the form of a precursor to synthesize drugs like barbiturates, non-steroidal anti-inflammatory drugs (NSAIDs), and vitamin B1. It’s also used in manufacturing flavoring agents as well as food additives like malonates, which improvise on preserving freshness and enhancing flavor.

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It’s interesting to learn that malonic acid is one of the essential components in the production of biodegradable plastic. The demand on this count is expected to grow as concerns about environmental hazards caused due to non-biodegradable plastics are on the rise.

The extended applications include manufacturing processes like high value specialty chemicals inclusive of electronics industry, fragrances and flavors industry, and specialty solvents. In the food and drugs’ vertical, malonic acid could be used for controlling acidity; either in the form of n the healthcare vertical, malonic acid and its derivatives are also used as surgical adhesive (s). Valproate – a pharmaceutical compound, is formed from malonic acid.

Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Malonic Acid Market’. It has its dedicated team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.

“Pharmaceuticals are expected to be the highest revenue generator to malonic acid market”, says an analyst from Future Market Insights.

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Key Takeaways from Malonic Acid Market

• North America holds the largest market share with the US supporting sustainable development. The US Department of Energy has published a report that states that the top 30 value-added chemicals derived from biomass-derived sugar do contain malonic acid as one of the vital chemicals. As such, various players are emphasizing on developing bio-based routes to produce malonic acid for complying with the regulations laid down by government.
• Europe and the Asia-Pacific are expected to witness a noteworthy market share on the grounds of growing awareness regarding the importance of malonic acid.

Competitive Analysis

The key participants in malonic acid market include Hefei TNJ Chemical Industry Co. Ltd., Lygos, Inc., MedicalChem (Yancheng) Manufacturing Co., Ltd., Wuhan Kemi-Works Chemical Co., Ltd., Columbus Chemical Industries, Inc., Shanghai Nanxiang Reagent Co., Ltd., and likewise. They are making consistent efforts to keep themselves afloat in malonic acid market.

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What does the Report Cover?

• The research study is based on grade pharmaceutical grade and technical grade), by function (precursor, API, additive, and likewise), and by end-use (paints & coatings, polymer & plastics, pharmaceuticals, flavour & fragrance, electronics, and likewise).
• With multi-functional nature on the part of malonic acid (as a precursor, API, additive, cross linker, intermediate compound, and additive), the global malonic acid market is expected to grow atrociously in the forecast period.

Key Segments

On the basis of grade, the global Malonic Acid market can be segmented as follows:

• Technical Grade
• Pharmaceutical Grade

On the basis of function, the global Malonic Acid market can be segmented as follows:

• Precursor
• API
• Additive
• Other

On the basis of end use, the global Malonic Acid market can be segmented as follows:

• Paint & Coating
• Polymer & Plastics
• Pharmaceutical
• Flavor & Fragrance
• Electronics
• Others

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https://www.futuremarketinsights.com/reports/malonic-acid-market

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