Europe Malonic Acid Market Size, Share & Trends Analysis Report By Application (Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others), By End Use, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20869 Publication Date: March-2024 Number of Pages: 129

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Analysis of Market Size & Trends

The Europe Malonic Acid Market would witness market growth of 2.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 4,748.6 tonnes, showcasing a growth of 1.7% (2019-2022).

The polymer industry utilizes malonic acid to modify polymers and synthesize resins, improving material properties. It is incorporated into polymer chains to enhance adhesion, durability, and chemical resistance, making the resulting materials suitable for various industrial applications.

Additionally, malonic acid synthesizes polyester resins, essential components in various coatings, including architectural paints, automotive, and industrial coatings. The growth in construction, automotive, and infrastructure development has increased demand for these coatings.

As per the data from the International Trade Administration, Belgium’s pharmaceutical industry spends $1.64 billion (€1.5 billion) on R&D every year, which is equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the top 30 pharmaceutical companies, including important subsidiaries of major U.S. companies such as Johnson and Johnson and Pfizer.

The Germany market dominated the Europe Malonic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,263.6 Thousands by 2030. The UK market is exhibiting a CAGR of 2.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 2.9% during (2023 - 2030).

Free Valuable Insights: The Global Malonic Acid Market will Hit $130.6 Million by 2030, at a CAGR of 2.8%

Based on Application, the market is segmented into Flavor Enhancer, API, Additive, pH Controller, Precurser, and Others. Based on End Use, the market is segmented into Food & Beverage, Pharmaceutical, Agriculture, Plastics, Paints & Coatings, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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