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Report World - Carboxylic Acid With Alcohol, Phenol, Aldehyde or Ketone Functions - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Carboxylic Acid With Alcohol, Phenol, Aldehyde or Ketone Functions - Market Analysis, Forecast, Size, Trends and Insights

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Global Carboxylic Acid Market 2024

Carboxylic Acid Market Size

In 2021, the global carboxylic acid market increased by 1.4% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2021 and is likely to see steady growth in the near future.

Carboxylic Acid Production

In value terms, carboxylic acid production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, global production reached the peak level at $X in 2020, and then dropped in the following year.

Carboxylic Acid Exports

Exports

In 2021, the amount of carboxylic acid with alcohol, phenol, aldehyde or ketone functions exported worldwide rose notably to X tons, picking up by 13% against the previous year. The total export volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, carboxylic acid exports soared to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world, with the volume of exports recording X tons, which was approx. 39% of total exports in 2021. The Netherlands (X tons) ranks second in terms of the total exports with a 6.8% share, followed by Thailand (6%), France (5.4%) and South Korea (4.5%). Germany (X tons), the United States (X tons), Belgium (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Switzerland (X tons), Spain (X tons) and Italy (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to carboxylic acid exports from China stood at +8.7%. At the same time, Thailand (+17.5%), South Korea (+11.4%), Japan (+9.5%), France (+7.7%), Belgium (+5.6%), Switzerland (+5.2%), the Netherlands (+4.6%), Spain (+2.4%), Germany (+2.4%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.5% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, the United States (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Thailand and South Korea increased by +9.2, +3.7 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest carboxylic acid supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by Italy ($X), with a 6.1% share of global exports. It was followed by Germany, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.7%. In the other countries, the average annual rates were as follows: Italy (+1.0% per year) and Germany (+0.1% per year).

Export Prices by Country

The average carboxylic acid export price stood at $X per ton in 2021, with an increase of 5.7% against the previous year. Overall, the export price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 9% against the previous year. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the other global leaders experienced mixed trends in the export price figures.

Carboxylic Acid Imports

Imports

In 2021, approx. X tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were imported worldwide; surging by 12% on the previous year. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carboxylic acid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), India (X tons), Germany (X tons), Japan (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), China (X tons), Spain (X tons), France (X tons), South Korea (X tons) and Italy (X tons) represented roughly 62% of total imports in 2021. Russia (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +10.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid importing markets worldwide were the United States ($X), Germany ($X) and Japan ($X), together accounting for 28% of global imports. These countries were followed by India, France, Italy, Brazil, China, South Korea, the Netherlands, Spain, Belgium and Russia, which together accounted for a further 40%.

Russia, with a CAGR of +8.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average carboxylic acid import price amounted to $X per ton, growing by 3.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.9% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of carboxylic acid consumption was China, comprising approx. 21% of total volume. Moreover, carboxylic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 10% share.
The country with the largest volume of carboxylic acid production was China, comprising approx. 39% of total volume. Moreover, carboxylic acid production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. France ranked third in terms of total production with a 6.9% share.
In value terms, China remains the largest carboxylic acid supplier worldwide, comprising 30% of global exports. The second position in the ranking was occupied by Italy, with a 7% share of global exports. It was followed by Germany, with a 6.1% share.
In value terms, the United States, Germany and Japan constituted the countries with the highest levels of imports in 2020, together comprising 27% of global imports. These countries were followed by India, Italy, France, China, South Korea, Brazil, Spain, Belgium, the Netherlands and the UK, which together accounted for a further 41%.
In 2020, the average carboxylic acid export price amounted to $3,773 per ton, shrinking by -7.6% against the previous year.
In 2020, the average carboxylic acid import price amounted to $3,961 per ton, reducing by -3% against the previous year.

This report provides an in-depth analysis of the global carboxylic acid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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