Market Forecast by Countries (United States, Canada), By Source (Grapes & sun-dried raisins, Maleic anhydride, Others), By Application (Food & beverages, Pharmaceuticals, Cosmetics & personal care products, Others), By Type (Naturals, Synthetic) And Competitive Landscape
Product Code: ETC075390 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Tartaric Acid Market is one of the fast-growing markets. The growth of the market is primarily driven by the high demand for wine in the North American region. Health concerns and issues with regard to the pandemic have urged people to buy medical supplies, thus increasing the growth of the tartaric acid market. The use of tartaric acid as the main ingredient in soil fertilizers and metal cleaning has strengthened the market growth for tartaric acid. Furthermore, the increasing use of tartaric acid in bread production is likely to result in high demand for tartaric acid. Due to the pandemic situation, the increasing demand for packaged and convenient food and longer shelf lives in developing countries is accelerating the growth of the tartaric acid market. The increasing health concern of the individuals has triggered the demand for tartaric acid due to the boosting metabolism and increasing production of protein in the body benefits. However, the increasing government regulation related to the use of synthetic tartaric acid in the food and pharmaceutical industry is likely to constraint the growth of the tartaric acid market since the excessive usage leads to side effects like vomiting, diarrhea, abdominal pain, increased thirst, and gastrointestinal inflammation. Furthermore, the Covid-19 pandemic has affected the demand for tartaric acid in the cosmetic industry and construction industry due to disruption in the supply chain and work stoppages, and labor shortages. Despite this, the wide application of tartaric acid in the pharmaceutical industry and various other industries is likely to increase the demand in the future.
According to 6Wresearch, the North America Tartaric Acid Market size is anticipated to register growth during 2021-2027. The United States dominates the market in the North America region contributing to the maximum market share, followed by Canada. The US is represented as one of the biggest markets for wine production and supply, strengthening the North America tartaric acid market growth. Also, the improving living standards and increasing disposables income has accelerated the market sales. The use of tartaric acid as a filler in the manufacturing of paints, textiles, and plastics is widely used in North America. Furthermore, the increasing demand for medicines would spur the demand for tartaric acid in the future. Some of the key players in the North America region include Reagent Speciality chemicals and solutions, Brenntag AG, CJ Chemicals.
The Tartaric Acid market is segmented based on type, applications, and regions. Based on the product type, it is classified into Natural Tartaric Acid and Synthetic Tartaric Acid. In terms of applications, it is classified into food and beverages, wine, pharmaceuticals, antacids, building and construction, and cosmetics. Whereas, based on regions, it is classified into North America, Europe, Asia Pacific, and the rest of the world. The market demand for synthetic tartaric acid is high due to its lower cost than natural tartaric acid. Based on the type, natural tartaric acid accounts for the largest demand due to the increasing demand for food products with natural additives. The pharmaceutical industry is the key driver for the growing demand in the tartaric acid market across North America market. It is widely used as an antioxidant, acidifier, stabilizer, filler, and sequestering agent. The use of tartaric acid as a chelating agent in soil fertilizers and metal cleaning is expected to increase the demand in the North America market.
The North America Tartaric Acid Market report thoroughly covers the market by tartaric acid product type, application, regional countries includes The United States of America and Canada. The North America tartaric acid market outlook report provides an unbiased and detailed analysis of the ongoing North America Tartaric Acid market trends, opportunities, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Tartaric acid Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Tartaric acid Market Revenues & Volume, 2020 & 2027F |
3.3 North America Tartaric acid Market - Industry Life Cycle |
3.4 North America Tartaric acid Market - Porter's Five Forces |
3.5 North America Tartaric acid Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Tartaric acid Market Revenues & Volume Share, By Source, 2020 & 2027F |
3.7 North America Tartaric acid Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.8 North America Tartaric acid Market Revenues & Volume Share, By Type, 2020 & 2027F |
4 North America Tartaric acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Tartaric acid Market Trends |
6 North America Tartaric acid Market, 2017 - 2027 |
6.1 North America Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
6.2 North America Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
6.3 North America Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
7 United States Tartaric acid Market, 2017 - 2027 |
7.1 United States Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
7.2 United States Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
7.3 United States Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
8 Canada Tartaric acid Market, 2017 - 2027 |
8.1 Canada Tartaric acid Market, Revenues & Volume, By Source, 2017 - 2027 |
8.2 Canada Tartaric acid Market, Revenues & Volume, By Application, 2017 - 2027 |
8.3 Canada Tartaric acid Market, Revenues & Volume, By Type, 2017 - 2027 |
9 North America Tartaric acid Market Key Performance Indicators |
10 North America Tartaric acid Market - Opportunity Assessment |
10.1 North America Tartaric acid Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Tartaric acid Market Opportunity Assessment, By Source, 2020 & 2027F |
10.3 North America Tartaric acid Market Opportunity Assessment, By Application, 2020 & 2027F |
10.4 North America Tartaric acid Market Opportunity Assessment, By Type, 2020 & 2027F |
11 North America Tartaric acid Market - Competitive Landscape |
11.1 North America Tartaric acid Market Revenue Share, By Companies, 2020 |
11.2 North America Tartaric acid Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |