GVR Report cover Malonic Acid Market Size, Share & Trends Report

Malonic Acid Market Size, Share & Trends Analysis Report By Grade, By Application, By End-use, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454372
  • Number of Pages: 0
  • Format: Electronic (PDF)

Malonic acid is a dicarboxylic acid with the chemical formula C3H4O4. It is a white crystalline powder with a sour taste and is soluble in water and ethanol. Malonic acid is used in various industries such as pharmaceuticals, food and beverage, and agriculture. In the pharmaceutical industry, it is used as a precursor for the synthesis of drugs such as barbiturates, vitamin B1, and non-steroidal anti-inflammatory drugs (NSAIDs). It is also used in the production of flavoring agents and food additives such as malonates, which are used in the food and beverage industry to enhance flavor and preserve freshness.

The demand for the malonic acid market has been increasing due to growing pharmaceuticals and food and beverage industry. The rising population and changing lifestyle patterns have led to an increase in the demand for pharmaceuticals and food additives, which has resulted in an increase in the demand for malonic acid. Additionally, the growing awareness about the benefits of using plant growth regulators in agriculture has also led to an increase in the demand for malonic acid.

Malonic acid is an essential component in the production of biodegradable plastic. Growing environmental concerns regarding the use of non-biodegradable plastic has led to the adoption for biodegradable plastic which are not as harmful to the environment. Increasing demand from sustainable and eco-friendly plastics is expected to boost the demand for malonic acid in the coming years.

The market is broadly segmented into grade, application, and end use. The grade type is further segmented into technical grade and pharmaceutical grade. The application type is further categorized into precursor, API, additive, and others. The end use segment is further segmented into Paint & coatings, plastics, pharmaceutical, food and beverage, electronics and others. 

Some key players operating in the market include Lonza Group, Wuhan Kemi-Works Chemical Co., Ltd.Shanghai Nanxiang Reagent Co., Ltd., Columbus Chemical Industries, Inc., TATEYAMA KASEI co.,Ltd, Trace Zero LLC, Medical Chem (Yancheng) Manuf.Co.,Ltd., J&K Scientific Ltd., Lygos, Inc, Hefei TNJ Chemical Industry Co.,Ltd., etc. Prominent players in the value chain are continuously focusing on collaborations and partnerships. For instance, in November 2022, Lygos Inc. announced the research and development collaboration with Ginkgo Bioworks. The partnership will include research in two research and development programs over the course of approximately two years and will develop biodegradable formulations and polymer-based products.

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