Carboxylic Acids Market Dynamics and Opportunities Report by Transparency Market Research

Albany, NY -- (ReleaseWire) -- 05/28/2015 -- The global market for carboxylic acid is expected to grow at a steady pace over the next six years. Some of the major factors driving this market include the growth of the global food and beverage industry and the growing demand for carboxylic acid in the pharmaceutical industry. Acetic acid is widely used as vinegar in food applications, and sodium salts of some carboxylic acids are used as food preservatives. The growing demand for packaged food due to the changing lifestyle of consumers is acting as one the major boosting forces for the global market. Carboxylic acid is used for manufacturing soaps in the consumer goods industry and is also widely used in cosmetics and specialty plasticizers for cosmetic packaging. Carboxylic acids are organic acids which are widely used in various end-use industries such as consumer goods, food and beverage, pharmaceuticals, and chemicals. The rapid industrialization, primarily in the emerging economies, is one of the major factors driving the demand for carboxylic acid at the global level.