Global Carboxylic Acid Market Overview
In value terms, carboxylic acid production reached $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 when the production volume increased by % against the previous year. Global production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The country with the largest volume of carboxylic acid production was China ( tonnes), accounting for % of total volume. Moreover, carboxylic acid production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), fivefold. The third position in this ranking was occupied by France ( tonnes), with a % share.
In China, carboxylic acid production increased at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (+% per year) and France (+% per year).
The global carboxylic acid market value rose to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the global market reached the maximum level in and is likely to continue growth in the immediate term.
From 2007 to , the biggest increases were in Italy, while carboxylic acid consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest carboxylic acid markets worldwide were India ($), China ($) and Mexico ($), together comprising % of the global market. These countries were followed by the U.S., Japan, Italy, Spain, Brazil, Germany, South Korea, France, Canada and Thailand, which together accounted for a further %.
Italy saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while carboxylic acid market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of carboxylic acid per capita consumption in were France ( kg per persons), Spain ( kg per persons) and Canada ( kg per persons).
From 2007 to , the most notable rate of growth in terms of carboxylic acid per capita consumption, amongst the main consuming countries, was attained by Italy, while carboxylic acid per capita consumption for the other global leaders experienced more modest paces of growth.