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Download Free sampleThe global Malonic Acid market was valued at 42.92 Million USD in 2021 and will grow with a CAGR of 3.25% from 2021 to 2027, based on Research newly published report.
The prime objective of Malonic Acid Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Malonic Acid Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Malonic acid, also called propanedioic acid, is a precursor to specialty polyesters. It is a dibasic organic acid whose diethyl ester is used in syntheses of vitamins B1 and B6, barbiturates, and numerous other valuable compounds.Malonic acid, also called propanedioic acid, is a precursor to specialty polyesters. It is a dibasic organic acid whose diethyl ester is used in syntheses of vitamins B1 and B6, barbiturates, and numerous other valuable compounds. In consumption market, the global consumption value of malonic acid increases with the 2.85% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 71.15% of the global consumption volume in total. The major raw materials for malonic acid are cyanoacetic acid or diethyl malonate, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of malonic acid. The production cost of malonic acid is also an important factor which could impact the price of malonic acid. The malonic acid manufacturers are trying to reduce production cost by developing production method. We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, it will be decreasing trend in gross margin.
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