Carboxylic Acid Market Overview in the USA
In value terms, carboxylic acid production reduced slightly to $ in . Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by % against the previous year. Carboxylic acid production peaked at $ in 2007; however, from 2008 to , production failed to regain the momentum.
The value of the carboxylic acid market in the U.S. declined to $ in , waning 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 +% from 2007 to ; 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. Carboxylic acid consumption peaked at $ in 2019, and then declined modestly in the following year.