The Malonic Acid Market size was valued at USD 110.4 million in 2022. It is estimated to hit USD 137.69 million by 2030 and grow at a CAGR of 2.8% over the forecast period of 2023-2030.
The Malonic Acid Market has experienced robust growth owing to its extensive utilization in pharmaceuticals, agrochemicals, and food and beverage industries. The increasing demand for malonic acid as a key intermediate in the synthesis of various pharmaceutical drugs has been a major driving force behind its market expansion. Additionally, the rising adoption of malonic acid in the production of herbicides and pesticides has further propelled market growth. Malonic acid, also known as propane dioic acid, is a dicarboxylic acid widely used in various applications across different sectors. The expanding agrochemical industry which accounted for about $ 241.2 billion market and the rising need for organic farming practices are anticipated to fuel the market's growth in the coming years.
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The Pharmaceutical segment is expected to grow with the highest CAGR of about 3.2% during the forecast period of 2023-2030. Malonic acid’s unique chemical structure allows it to serve as a building block for the synthesis of various pharmaceutical compounds. One of the key factors driving the growth of the pharmaceutical segment in malonic acid is its role as a precursor in the production of active pharmaceutical ingredients (APIs). Asia Pacific region is expected to dominate the market in the future and is predicted to grow with a CAGR of about 3.1% during the forecast period. The presence of major manufacturing countries such as China, India, and Japan drives the growth of the malonic acid market in the Asia Pacific region.
Drivers
Increasing demand for Malonic Acid in the pharmaceutical industry
Rising adoption of Malonic Acid in the food and beverage industry
The increasing adoption of Malonic Acid in the food and beverage sector serves as a significant driving force behind the growth of the Malonic Acid Market. Malonic Acid has gained substantial popularity in the food and beverage industry due to its versatile applications and beneficial properties. This organic compound is widely utilized as an additive, preservative, and flavor enhancer in various food and beverage products. Furthermore, Malonic Acid's natural occurrence in fruits and vegetables has contributed to its rising adoption in the food and beverage sector. The organic food and beverage sector is expected to grow with a CAGR of about 12.1% in the upcoming year. As consumers increasingly prioritize natural and organic ingredients, the utilization of Malonic Acid aligns with these preferences, further driving its market demand.
Restrain
High production cost associated with Malonic Acid
Stringent regulations imposed by regulatory bodies regarding the use of Malonic Acid in certain industries
Opportunities
Growing trend of using bio-based chemicals in various industries
Expanding applications of Malonic Acid in the agriculture industry
Challenges
Availability of alternative products in the market
One of the key factors that hinder the growth of the Malonic Acid Market is the availability of alternative products such as citric acid, malic acid, fumaric acid, etc. These substitutes offer similar functionalities and can be used as alternatives to Malonic Acid in various applications.
The Russia-Ukraine war has disrupted the supply chain of malonic acid, causing significant challenges for manufacturers and suppliers. The conflict has created an atmosphere of uncertainty, leading to price volatility in the malonic acid market. The ongoing conflict between Russia and Ukraine has had a significant impact on India's pharmaceutical industry. Trade between India and Russia has declined by a staggering 51% due to delayed payments faced by drug manufacturers exporting to Russia. This has not only affected the financial aspect but has also disrupted the production cycle. When manufacturers do not receive timely payments, it hampers their ability to continue production smoothly. India's pharmaceutical exports to Russia account for approximately 2.5% of the total pharmaceutical exports, making it a substantial portion of the industry. Similarly, exports to Ukraine make up around 0.75% of the total pharmaceutical exports. The limited supply and increased demand have caused prices to surge, affecting both manufacturers and consumers. This price instability poses challenges for businesses in planning and forecasting, as they struggle to adapt to sudden changes in market conditions.
The recession has resulted in a decline in the demand for malonic acid across multiple sectors. Industries such as pharmaceuticals, agrochemicals, and food and beverages have experienced a decrease in production and consumption, leading to a reduced need for malonic acid. This decline in demand has directly impacted the market, causing a decrease in sales and revenue for malonic acid manufacturers. Furthermore, the recession has also affected the supply chain of malonic acid. With reduced demand, manufacturers have faced difficulties in maintaining their production levels. This has led to a surplus of malonic acid in the market, resulting in increased competition among manufacturers and a subsequent decrease in prices.
By Grade
Pharmaceutical Grade
Food Grade
Technical Grade
By Application
API
Flavor Enhancer
pH Controller
Additive
Precursor
Other Applications
By End-use
Pharmaceuticals
Food & Beverage
Fruit Preparations & Preserves
Beverages
Baked Items
Confectionery
Others
Agriculture
Plastics
Others
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Europe dominated the Malonic Acid Market with a revenue share of about 41.3% in 2022. This is mainly attributed to the increasing demand for malic acid from various industries. Industries such as food and beverages, pharmaceuticals, and cosmetics have recognized the multifaceted benefits of malic acid, leading to an upsurge in its utilization. The pharmaceutical industry has embraced malic acid due to its potential therapeutic properties. It has been found to aid in the formulation of medicines, particularly those targeting conditions such as kidney stones and fibromyalgia. The increasing prevalence of these ailments, coupled with the growing awareness of malic acid's benefits, has fueled its demand in the pharmaceutical sector. The cosmetic industry has also recognized the value of malic acid in skincare and haircare products. Its exfoliating properties, ability to promote skin rejuvenation, and contribution to hair health have made it a valuable ingredient in various beauty formulations. As the European cosmetic industry continues to flourish, the demand for malic acid is expected to witness a steady rise. Germany is the leading national market for cosmetics and personal care products in Europe, with a staggering value of $4.65 billion.
North America is projected to experience the highest Compound Annual Growth Rate (CAGR) of approximately 3.3% in the Malonic Acid Market during the forecast period. North America boasts a robust industrial sector, which drives the demand for various chemicals, including malonic acid. The region's well-established infrastructure, technological advancements, and favorable business environment create a conducive atmosphere for market expansion. Additionally, North America's increasing awareness and adoption of sustainable practices contribute to the market's growth. Malonic acid, known for its eco-friendly properties, aligns perfectly with the region's sustainability goals. As consumers become more conscious of the environmental impact of their choices, the demand for malonic acid as a greener alternative in various industries, such as pharmaceuticals, agriculture, and food and beverages, is expected to soar.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Shanghai Nanxiang Reagent Co. Ltd., Lonza Group, Wuhan Kemi-Works Chemical Co. Ltd., Columbus Chemical Industries Inc., Trace Zero LLC, J&K Scientific Ltd., Medical Chem (Yancheng) Manufacturing Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Lygos Inc. Co. Ltd., Tateyama Kasei Co. Ltd., and other key players mentioned in the final report.
In Nov 2022, Lygos Inc. is thrilled to announce a groundbreaking research and development collaboration with Ginkgo Bioworks. This strategic partnership brings together the expertise of two leading organizations, combining their efforts over a span of approximately two years. The primary objective of this collaboration is to pioneer the development of innovative biodegradable polymer-based formulations and products.
| Report Attributes | Details |
| Market Size in 2022 | US$ 110.4 Mn |
| Market Size by 2030 | US$ 137.69 Mn |
| CAGR | CAGR of 2.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Grade (Pharmaceutical Grade, Food Grade, and Technical Grade) • By Application (API, Flavor Enhancer, pH Controller, Additive, Precursor, and Other Applications) • By End-use (Pharmaceuticals, Food & Beverage, Agriculture, Paints & Coatings, Plastics, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Shanghai Nanxiang Reagent Co. Ltd., Lonza Group, Wuhan Kemi-Works Chemical Co. Ltd., Columbus Chemical Industries Inc., Trace Zero LLC, J&K Scientific Ltd., Medical Chem (Yancheng) Manufacturing Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Lygos Inc. Co. Ltd., Tateyama Kasei Co. Ltd. |
| Key Drivers | • Increasing demand for Malonic Acid in the pharmaceutical industry • Rising adoption of Malonic Acid in the food and beverage sector |
| Market Restraints | • High production cost associated with Malonic Acid • Stringent regulations imposed by regulatory bodies regarding the use of Malonic Acid in certain industries |
Ans: The Malonic Acid Market was valued at USD 110.4 million in 2022.
Ans: The expected CAGR of the global Malonic Acid Market during the forecast period is 2.8%.
Ans: Malonic acid derivatives are widely used in the synthesis of APIs, which are the key components of pharmaceutical drugs. It exhibits excellent solubility in both water and organic solvents, making it highly suitable for formulation development. Its solubility characteristics enable the creation of stable and effective drug formulations, enhancing the bioavailability and therapeutic efficacy of pharmaceutical products. This attribute has attracted the attention of pharmaceutical companies, leading to an increased demand for malonic acid in the industry.
Ans: The United States is the dominating country in the Malonic Acid Market
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Malonic Acid Market Segmentation, By Grade
8.1 Pharmaceutical Grade
8.2 Food Grade
8.3 Technical Grade
9. Malonic Acid Market Segmentation, By Application
9.1 API
9.2 Flavor Enhancer
9.3 pH Controller
9.4 Additive
9.5 Precursor
9.6 Other Applications
10. Malonic Acid Market Segmentation, By End-use
10.1 Pharmaceuticals
10.2 Food & Beverage
10.2.1 Fruit Preparations & Preserves
10.2.2 Beverages
10.2.3 Baked Items
10.2.4 Confectionery
10.2.5 Others
10.3 Agriculture
10.4 Paints & Coatings
10.5 Plastics
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Malonic Acid Market by Country
11.2.2North America Malonic Acid Market by Grade
11.2.3 North America Malonic Acid Market by Application
11.2.4 North America Malonic Acid Market by End-use
11.2.5 USA
11.2.5.1 USA Malonic Acid Market by Grade
11.2.5.2 USA Malonic Acid Market by Application
11.2.5.3 USA Malonic Acid Market by End-use
11.2.6 Canada
11.2.6.1 Canada Malonic Acid Market by Grade
11.2.6.2 Canada Malonic Acid Market by Application
11.2.6.3 Canada Malonic Acid Market by End-use
11.2.7 Mexico
11.2.7.1 Mexico Malonic Acid Market by Grade
11.2.7.2 Mexico Malonic Acid Market by Application
11.2.7.3 Mexico Malonic Acid Market by End-use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Malonic Acid Market by Country
11.3.1.2 Eastern Europe Malonic Acid Market by Grade
11.3.1.3 Eastern Europe Malonic Acid Market by Application
11.3.1.4 Eastern Europe Malonic Acid Market by End-use
11.3.1.5 Poland
11.3.1.5.1 Poland Malonic Acid Market by Grade
11.3.1.5.2 Poland Malonic Acid Market by Application
11.3.1.5.3 Poland Malonic Acid Market by End-use
11.3.1.6 Romania
11.3.1.6.1 Romania Malonic Acid Market by Grade
11.3.1.6.2 Romania Malonic Acid Market by Application
11.3.1.6.4 Romania Malonic Acid Market by End-use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Malonic Acid Market by Grade
11.3.1.7.2 Turkey Malonic Acid Market by Application
11.3.1.7.3 Turkey Malonic Acid Market by End-use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Malonic Acid Market by Grade
11.3.1.8.2 Rest of Eastern Europe Malonic Acid Market by Application
11.3.1.8.3 Rest of Eastern Europe Malonic Acid Market by End-use
11.3.2 Western Europe
11.3.2.1 Western Europe Malonic Acid Market by Grade
11.3.2.2 Western Europe Malonic Acid Market by Application
11.3.2.3 Western Europe Malonic Acid Market by End-use
11.3.2.4 Germany
11.3.2.4.1 Germany Malonic Acid Market by Grade
11.3.2.4.2 Germany Malonic Acid Market by Application
11.3.2.4.3 Germany Malonic Acid Market by End-use
11.3.2.5 France
11.3.2.5.1 France Malonic Acid Market by Grade
11.3.2.5.2 France Malonic Acid Market by Application
11.3.2.5.3 France Malonic Acid Market by End-use
11.3.2.6 UK
11.3.2.6.1 UK Malonic Acid Market by Grade
11.3.2.6.2 UK Malonic Acid Market by Application
11.3.2.6.3 UK Malonic Acid Market by End-use
11.3.2.7 Italy
11.3.2.7.1 Italy Malonic Acid Market by Grade
11.3.2.7.2 Italy Malonic Acid Market by Application
11.3.2.7.3 Italy Malonic Acid Market by End-use
11.3.2.8 Spain
11.3.2.8.1 Spain Malonic Acid Market by Grade
11.3.2.8.2 Spain Malonic Acid Market by Application
11.3.2.8.3 Spain Malonic Acid Market by End-use
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Malonic Acid Market by Grade
11.3.2.9.2 Netherlands Malonic Acid Market by Application
11.3.2.9.3 Netherlands Malonic Acid Market by End-use
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Malonic Acid Market by Grade
11.3.2.10.2 Switzerland Malonic Acid Market by End-use
11.3.2.10.3 Switzerland Malonic Acid Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Malonic Acid Market by Grade
11.3.2.11.3 Austria Malonic Acid Market by Application
11.3.2.11.4 Austria Malonic Acid Market by End-use
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Malonic Acid Market by Grade
11.3.2.12.2 Rest of Western Europe Malonic Acid Market by Application
11.3.2.12.3 Rest of Western Europe Malonic Acid Market by End-use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Malonic Acid Market by Country
11.4.2 Asia-Pacific Malonic Acid Market by Grade
11.4.3 Asia-Pacific Malonic Acid Market by Application
11.4.4 Asia-Pacific Malonic Acid Market by End-use
11.4.5 China
11.4.5.1 China Malonic Acid Market by Grade
11.4.5.2 China Malonic Acid Market by Application
11.4.5.3 China Malonic Acid Market by End-use
11.4.6 India
11.4.6.1 India Malonic Acid Market by Grade
11.4.6.2 India Malonic Acid Market by Application
11.4.6.3 India Malonic Acid Market by End-use
11.4.7 Japan
11.4.7.1 Japan Malonic Acid Market by Grade
11.4.7.2 Japan Malonic Acid Market by Application
11.4.7.3 Japan Malonic Acid Market by End-use
11.4.8 South Korea
11.4.8.1 South Korea Malonic Acid Market by Grade
11.4.8.2 South Korea Malonic Acid Market by Application
11.4.8.3 South Korea Malonic Acid Market by End-use
11.4.9 Vietnam
11.4.9.1 Vietnam Malonic Acid Market by Grade
11.4.9.2 Vietnam Malonic Acid Market by Application
11.4.9.3 Vietnam Malonic Acid Market by End-use
11.4.10 Singapore
11.4.10.1 Singapore Malonic Acid Market by Grade
11.4.10.2 Singapore Malonic Acid Market by Application
11.4.10.3 Singapore Malonic Acid Market by End-use
11.4.11 Australia
11.4.11.1 Australia Malonic Acid Market by Grade
11.4.11.2 Australia Malonic Acid Market by Application
11.4.11.3 Australia Malonic Acid Market by End-use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Malonic Acid Market by Grade
11.4.12.2 Rest of Asia-Pacific Malonic Acid Market by Application
11.4.12.3 Rest of Asia-Pacific Malonic Acid Market by End-use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Malonic Acid Market by country
11.5.1.2 Middle East Malonic Acid Market by Grade
11.5.1.3 Middle East Malonic Acid Market by Application
11.5.1.4 Middle East Malonic Acid Market by End-use
11.5.1.5 UAE
11.5.1.5.1 UAE Malonic Acid Market by Grade
11.5.1.5.2 UAE Malonic Acid Market by Application
11.5.1.5.3 UAE Malonic Acid Market by End-use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Malonic Acid Market by Grade
11.5.1.6.2 Egypt Malonic Acid Market by Application
11.5.1.6.3 Egypt Malonic Acid Market by End-use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Malonic Acid Market by Grade
11.5.1.7.2 Saudi Arabia Malonic Acid Market by Application
11.5.1.7.3 Saudi Arabia Malonic Acid Market by End-use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Malonic Acid Market by Grade
11.5.1.8.2 Qatar Malonic Acid Market by Application
11.5.1.8.3 Qatar Malonic Acid Market by End-use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Malonic Acid Market by Grade
11.5.1.9.2 Rest of Middle East Malonic Acid Market by Application
11.5.1.9.3 Rest of Middle East Malonic Acid Market by End-use
11.5.2 Africa
11.5.2.1 Africa Malonic Acid Market by Country
11.5.2.2 Africa Malonic Acid Market by Grade
11.5.2.3 Africa Malonic Acid Market by Application
11.5.2.4 Africa Malonic Acid Market by End-use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Malonic Acid Market by Grade
11.5.2.5.2 Nigeria Malonic Acid Market by Application
11.5.2.5.3 Nigeria Malonic Acid Market by End-use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Malonic Acid Market by Grade
11.5.2.6.2 South Africa Malonic Acid Market by Application
11.5.2.6.3 South Africa Malonic Acid Market by End-use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Malonic Acid Market by Grade
11.5.2.7.2 Rest of Africa Malonic Acid Market by Application
11.5.2.7.3 Rest of Africa Malonic Acid Market by End-use
11.6 Latin America
11.6.1 Latin America Malonic Acid Market by Country
11.6.2 Latin America Malonic Acid Market by Grade
11.6.3 Latin America Malonic Acid Market by Application
11.6.4 Latin America Malonic Acid Market by End-use
11.6.5 Brazil
11.6.5.1 Brazil Malonic Acid Market by Grade
11.6.5.2 Brazil Malonic Acid Market by Application
11.6.5.3 Brazil Malonic Acid Market by End-use
11.6.6 Argentina
11.6.6.1 Argentina Malonic Acid Market by Grade
11.6.6.2 Argentina Malonic Acid Market by Application
11.6.6.3 Argentina Malonic Acid Market by End-use
11.6.7 Colombia
11.6.7.1 Colombia Malonic Acid Market by Grade
11.6.7.2 Colombia Malonic Acid Market by Application
11.6.7.3 Colombia Malonic Acid Market by End-use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Malonic Acid Market by Grade
11.6.8.2 Rest of Latin America Malonic Acid Market by Application
11.6.8.3 Rest of Latin America Malonic Acid Market by End-use
12. Company profile
12.1 Shanghai Nanxiang Reagent Co. Ltd.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Lonza Group
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Wuhan Kemi-Works Chemical Co. Ltd.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Columbus Chemical Industries Inc.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Tateyama Kasei Co. Ltd.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Trace Zero LLC
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 J&K Scientific Ltd.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Medical Chem (Yancheng) Manufacturing Co. Ltd.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Hefei TNJ Chemical Industry Co. Ltd.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Lygos Inc. Co. Ltd.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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