Tartaric Acid Price Trends, Market Report, Share, Size, Drivers, Competitive Landscape and Future Op

According to the latest report by IMARC Group titled, “Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 303 Million in 2018. Looking forward, the market is expected to reach a value of US$ 395 Million by 2024, exhibiting a CAGR of around 6% during 2019-2024.

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Tartaric acid (C₄H₆0₆) is a white, crystalline, organic acid that naturally occurs in various fruits, namely, tamarinds, avocados, apricots, apples, and grapes. For industrial purposes, the acid is synthetically produced by treating calcium tartrate with aqueous sulfuric acid. Based on its anti-microbial, antioxidant, and acidulant properties, tartaric acid is widely used as an additive and preservative in the food processing and beverage sectors. Other than this, it is also utilized across the construction, pharmaceutical, ceramics, tanning and textile sectors.

The increasing wine consumption, particularly across developing regions such as Latin America and Asia Pacific, acts as one of the major driving factors for the tartaric acid market growth. Moreover, the acid is increasingly being used in the food processing industry, owing to the accelerating demand for ready-to-cook and ready-to-eat, packaged food items. Apart from this, the thriving construction industry has positively influenced the demand for tartaric acid as a primary component for producing gypsum. Additionally, the rising utilization of the acid as a chelating agent in soil fertilizers, a cleaning agent in metal processing, and an excipient for drugs is expected to fuel the global tartaric acid market growth in the upcoming years.

Explore full report with table of contents: https://www.imarcgroup.com/tartaric-acid-technical-material-market-report-2

Key Market Segmentation:

Breakup by End Use:

• Food and Beverages
• Non-Food Applications 

Breakup by Region:

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America 

Competitive Landscape

The report has also examined the competitive landscape of global tartaric acid market. Some of the major players in the market are Caviro, Changmao Biochemical Engineering Company Ltd., Hangzhou Bioking Chemical Engineering Company Ltd., Industrias Vinicas and Legre Mante, etc.

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

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Created on Oct 22nd 2019 01:45. Viewed 314 times.

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