Asia Pacific Malonic Acid Market Size, Share & Trends Analysis Report By Application (Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others), By End Use, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20866 Publication Date: March-2024 Number of Pages: 130

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Analysis of Market Size & Trends

The Asia Pacific Malonic Acid Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 4,498.2 tonnes, showcasing a growth of 2.1% (2019-2022).

Incorporating malonic acid into the production of coatings contributes to improved performance characteristics. Coatings formulated with malonic acid-derived intermediates often exhibit enhanced adhesion, durability, and resistance to environmental factors, meeting the requirements of high-performance coatings.

Additionally, shift towards environmentally friendly and low-VOC (volatile organic compound) coatings has led to adopting waterborne coatings. its derivatives produce waterborne coatings, aligning with industry trends and regulatory requirements.

Similarly, as per China.org, in 2021, the combined business revenue of China's pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years. Therefore, due to the above-mentioned factors, the malonic acid market will grow significantly in this region.

The China market dominated the Asia Pacific Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,372.6 Thousands by 2030. The Japan market is registering a CAGR of 2.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 3.4% during (2023 - 2030).

Free Valuable Insights: The Global Malonic Acid Market is Predict to reach $130.6 Million by 2030, at a CAGR of 2.8%

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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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