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Synthetic Tartaric Acid Market - Global Benzyl Chloride Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031- (By Derivatives Coverage, By Geographic Coverage and By Company)
Tartaric acid, scientifically referred to as 2,3-Dihydroxysuccinic acid, is a white crystalline organic compound that can be derived from both natural sources and synthetic processes. Naturally, it... もっと見る
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SummaryTartaric acid, scientifically referred to as 2,3-Dihydroxysuccinic acid, is a white crystalline organic compound that can be derived from both natural sources and synthetic processes. Naturally, it is found in various fruits, including grapes, tamarinds, and bananas. Synthetic tartaric acid, on the other hand, is produced chemically from maleic anhydride.China is the leading producer in the synthetic tartaric acid market. There are three types of stereoisomers of synthetic tartaric acid: L (+) synthetic tartaric acid, D (-) synthetic tartaric acid, and meso synthetic tartaric acid. Racemic synthetic tartaric acid, also known as DL-tartaric acid, is a synthetic mixture containing equal parts of L (+) and D (-) tartaric acid. This compound serves multiple purposes, functioning as an antioxidant, acidifier, stabilizer, flavor enhancer, and sequestering agent. In the food and beverage industry, synthetic tartaric acid is primarily used as an acidifier (designated by the code E334), particularly in winemaking to regulate pH levels. Additionally, it acts as a flavor enhancer in a variety of products, including candies, sweets, jams, jellies, ice creams, and fruit nectars. Furthermore, synthetic tartaric acid is utilized as an antioxidant and emulsifier in the bakery sector. Market Insights The global synthetic tartaric acid market is expected to experience significant growth over the coming years, driven by increasing demand across various industries. The market is projected to expand steadily, reflecting a healthy compound annual growth rate throughout the forecast period. Additionally, there are promising revenue opportunities anticipated in the near future, highlighting the potential for continued investment and development in this sector. Drivers of Growth The growth of the synthetic tartaric acid market is driven by several factors: 1.Rising Demand from Food & Beverage Industry: The food and beverage industry is experiencing rapid growth, primarily due to population increases, changing dietary habits, and technological advancements in food processing. The consumption of wine, where synthetic tartaric acid is a crucial acidity regulator, is surging globally. As the demand for wine rises, so does the need for synthetic tartaric acid in the production process. 2.Pharmaceutical Applications: In pharmaceuticals, synthetic tartaric acid is utilized as an excipient for producing effervescent tablets and granules. The efforts by regulatory agencies in countries like the U.S. and U.K. to streamline approval processes for excipients are expected to further bolster the synthetic tartaric acid market. 3.Construction Industry Demand: In the construction sector, particularly within gypsum and plaster applications, synthetic tartaric acid acts as a retardant, enhancing product handling. The increase in housing and infrastructure projects in developing regions is anticipated to fuel demand. Business Opportunities With the increasing consumption of wine and the expansion of the food and beverage industry, significant opportunities are arising for manufacturers of synthetic tartaric acid. The pharmaceutical sector's demand for excipients and the growing use of synthetic tartaric acid in non-food applications further amplify the business potential within the market. Regional Insights China is recognized as the largest market for synthetic tartaric acid, accounting for approximately 28% of global consumption. The country’s robust wine production and flourishing construction and pharmaceutical industries contribute to this dominance. India is emerging as a high-potential market alongside China, with notable growth in its construction and pharmaceutical sectors. However, in developed countries such as North America and Europe, strict regulations regarding synthetic tartaric acid use in wine production may hinder market demand. Nonetheless, the rising requirement for synthetic tartaric acid in non-food applications in these regions is expected to drive growth. The Latin American and Middle Eastern & African (MEA) markets for synthetic tartaric acid are projected to experience steady growth throughout the forecast period. Key Players Several key players are active in the global synthetic tartaric acid market, including: •Ninghai Organic Chemical Factory •Yantai Taroke Bio-engineering Co., Ltd. •Australia Tartaric Product Pty Ltd. •Industria Chimica Valenzana ICV Spa •PAHI SL •Hangzhou Regin Bio-Tech Co., Ltd. •Hangzhou Linan Jinlog Chemicals Co., Ltd. •Hangzhou Ruijing Biotechnology Co., Ltd. •Changmao Biochemicals Engineering Co., Ltd. •Derivados Vinicos SA Synthetic Tartaric Acid Market Segmentation Product Type •L (+)- Tartaric Acid •D (-)- Tartaric Acid •DL Tartaric Acid Application •Wine •Food & Beverage •Pharmaceuticals •Chemicals •Building & Construction •Others Region •North America •Latin America •Europe •China •APAC •Middle East and Africa Table of Contents1. Executive Summary1.1. Global Synthetic Tartaric Acid Market Snapshot 1.2. Future Projections 1.3. Key Market Trends 1.4. Regional Snapshot, by Value and Volume, 2024 1.5. Analyst Recommendations 2. Market Overview 2.1. Market Definitions and Segmentations 2.2. Market Dynamics 2.2.1. Drivers 2.2.2. Restraints 2.2.3. Market Opportunities 2.3. Value Chain Analysis 2.4. Porter’s Five Forces Analysis 2.5. COVID-19 Impact Analysis 2.5.1. Supply 2.5.2. Demand 2.6. Impact of Ukraine-Russia Conflict 2.7. Economic Overview 2.7.1. World Economic Projections 2.8. PESTLE Analysis 3. Price Analysis, 2019 - 2023 3.1. Global Average Price Analysis by Product Type, 2019 - 2023 3.2. Prominent Factor Affecting Synthetic Tartaric Acid Prices 3.3. Global Average Price Analysis by Region 4. Global Synthetic Tartaric Acid Market Outlook, 2019 - 2031 4.1. Global Synthetic Tartaric Acid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 4.1.1. Key Highlights 4.1.1.1. Synthetic Tartaric Acids by Product Type 4.1.1.1.1. L (+)- Tartaric Acid 4.1.1.1.2. D (-)- Tartaric Acid 4.1.1.1.3. DL Tartaric Acid 4.2. Global Synthetic Tartaric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 4.2.1. Key Highlights 4.2.1.1. Synthetic Tartaric Acids by Application 4.2.1.1.1. Wine 4.2.1.1.2. Food & Beverage 4.2.1.1.3. Pharmaceuticals 4.2.1.1.4. Chemicals 4.2.1.1.5. Building & Construction 4.2.1.1.6. Others 4.3. Global Synthetic Tartaric Acid Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019 - 2031 4.3.1. Key Highlights 4.3.1.1. North America 4.3.1.2. Europe 4.3.1.3. Asia Pacific 4.3.1.4. Latin America 4.3.1.5. Middle East & Africa 5. North America Synthetic Tartaric Acid Market Outlook, 2019 - 2031 5.1. North America Synthetic Tartaric Acid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 5.1.1. Key Highlights 5.1.1.1. Synthetic Tartaric Acids by Product Type 5.1.1.1.1. L (+)- Tartaric Acid 5.1.1.1.2. D (-)- Tartaric Acid 5.1.1.1.3. DL Tartaric Acid 5.2. North America Synthetic Tartaric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 5.2.1. Key Highlights 5.2.1.1. Synthetic Tartaric Acids by Application 5.2.1.1.1. L (+)- Tartaric Acid 5.2.1.1.2. D (-)- Tartaric Acid 5.2.1.1.3. DL Tartaric Acid 5.2.2. Attractiveness Analysis 5.3. North America Synthetic Tartaric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031 5.3.1. Key Highlights 5.3.1.1. U.S. Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 5.3.1.2. U.S. Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 5.3.1.3. Canada Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 5.3.1.4. Canada Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6. Europe Synthetic Tartaric Acid Market Outlook, 2019 - 2031 6.1. Europe Synthetic Tartaric Acid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.1.1. Key Highlights 6.1.1.1. Synthetic Tartaric Acids by Product Type 6.1.1.1.1. L (+)- Tartaric Acid 6.1.1.1.2. D (-)- Tartaric Acid 6.1.1.1.3. DL Tartaric Acid 6.2. Europe Synthetic Tartaric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.2.1. Key Highlights 6.2.1.1. Synthetic Tartaric Acids by Application 6.2.1.1.1. Wine 6.2.1.1.2. Food & Beverage 6.2.1.1.3. Pharmaceuticals 6.2.1.1.4. Chemicals 6.2.1.1.5. Building & Construction 6.2.1.1.6. Others 6.2.2. Attractiveness Analysis 6.3. Europe Synthetic Tartaric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1. Key Highlights 6.3.1.1. Germany Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.2. Germany Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.3. U.K. Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.4. U.K. Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.5. France Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.6. France Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.7. Italy Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.8. Italy Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.9. Turkey Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.10. Turkey Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.11. Russia Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.12. Russia Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.13. Rest of Europe Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 6.3.1.14. Rest of Europe Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7. Asia Pacific Synthetic Tartaric Acid Market Outlook, 2019 - 2031 7.1. Asia Pacific Synthetic Tartaric Acid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.1.1. Key Highlights 7.1.1.1. Synthetic Tartaric Acids by Product Type 7.1.1.1.1. L (+)- Tartaric Acid 7.1.1.1.2. D (-)- Tartaric Acid 7.1.1.1.3. DL Tartaric Acid 7.2. Asia Pacific Synthetic Tartaric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.2.1. Key Highlights 7.2.1.1. Synthetic Tartaric Acids by Application 7.2.1.1.1. Wine 7.2.1.1.2. Food & Beverage 7.2.1.1.3. Pharmaceuticals 7.2.1.1.4. Chemicals 7.2.1.1.5. Building & Construction 7.2.1.1.6. Others 7.2.2. Attractiveness Analysis 7.3. Asia Pacific Synthetic Tartaric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1. Key Highlights 7.3.1.1. China Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.2. China Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.3. Japan Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.4. Japan Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.5. South Korea Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.6. South Korea Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.7. India Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.8. India Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.9. Southeast Asia Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.10. Southeast Asia Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.11. Rest of Asia Pacific Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 7.3.1.12. Rest of Asia Pacific Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8. Latin America Synthetic Tartaric Acid Market Outlook, 2019 - 2031 8.1. Latin America Synthetic Tartaric Acid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.1.1. Key Highlights 8.1.1.1. Synthetic Tartaric Acids by Product Type 8.1.1.1.1. L (+)- Tartaric Acid 8.1.1.1.2. D (-)- Tartaric Acid 8.1.1.1.3. DL Tartaric Acid 8.2. Latin America Synthetic Tartaric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.2.1. Key Highlights 8.2.1.1. Synthetic Tartaric Acids by Application 8.2.1.1.1. Wine 8.2.1.1.2. Food & Beverage 8.2.1.1.3. Pharmaceuticals 8.2.1.1.4. Chemicals 8.2.1.1.5. Building & Construction 8.2.1.2. Others 8.2.2. Attractiveness Analysis 8.3. Latin America Synthetic Tartaric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1. Key Highlights 8.3.1.1. Brazil Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.2. Brazil Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.3. Mexico Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.4. Mexico Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.5. Argentina Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.6. Argentina Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.7. Rest of Latin America Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 8.3.1.8. Rest of Latin America Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9. Middle East & Africa Synthetic Tartaric Acid Market Outlook, 2019 - 2031 9.1. Middle East & Africa Synthetic Tartaric Acid Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.1.1. Key Highlights 9.1.1.1. Synthetic Tartaric Acids by Product Type 9.1.1.1.1. L (+)- Tartaric Acid 9.1.1.1.2. D (-)- Tartaric Acid 9.1.1.1.3. DL Tartaric Acid 9.2. Middle East & Africa Synthetic Tartaric Acid Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.2.1. Key Highlights 9.2.1.1. Synthetic Tartaric Acids by Application 9.2.1.1.1. Wine 9.2.1.1.2. Food & Beverage 9.2.1.1.3. Pharmaceuticals 9.2.1.1.4. Chemicals 9.2.1.1.5. Building & Construction 9.2.1.2. Others 9.2.2. Attractiveness Analysis 9.3. Middle East & Africa Synthetic Tartaric Acid Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1. Key Highlights 9.3.1.1. GCC Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.2. GCC Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.3. South Africa Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.4. South Africa Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.5. Egypt Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.6. Egypt Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.7. Nigeria Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.8. Nigeria Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.9. Rest of Middle East & Africa Synthetic Tartaric Acid Market by Product Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031 9.3.1.10. Rest of Middle East & Africa Synthetic Tartaric Acid Market by Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031 10. Competitive Landscape 10.1. By Type vs by Application Heatmap 10.2. Company Market Share Analysis, 2024 10.3. Competitive Dashboard 10.4. Company Profiles 10.4.1. Tártaros Gonzalo Castelló S.L 10.4.1.1. Company Overview 10.4.1.2. Product Portfolio 10.4.1.3. Financial Overview 10.4.1.4. Business Strategies and Development 10.4.2. Sagar Chemicals 10.4.2.1. Company Overview 10.4.2.2. Product Portfolio 10.4.2.3. Financial Overview 10.4.2.4. Business Strategies and Development 10.4.3. American International Chemicals LLC 10.4.3.1. Company Overview 10.4.3.2. Product Portfolio 10.4.3.3. Financial Overview 10.4.3.4. Business Strategies and Development 10.4.4. Ninghai Organic Chemical Factory 10.4.4.1. Company Overview 10.4.4.2. Product Portfolio 10.4.4.3. Financial Overview 10.4.4.4. Business Strategies and Development 10.4.5. Yantai Taroke Bio-engineering Co., Ltd 10.4.5.1. Company Overview 10.4.5.2. Product Portfolio 10.4.5.3. Financial Overview 10.4.5.4. Business Strategies and Development 10.4.6. Hangzhou Bioking Biochemical Engineering Co., Ltd 10.4.6.1. Company Overview 10.4.6.2. Product Portfolio 10.4.6.3. Financial Overview 10.4.6.4. Business Strategies and Development 10.4.7. Hangzhou Regin Bio-tech Co., Ltd. 10.4.7.1. Company Overview 10.4.7.2. Product Portfolio 10.4.7.3. Financial Overview 10.4.7.4. Business Strategies and Development 10.4.8. Changmao Biochemical Engineering Company Limited 10.4.8.1. Company Overview 10.4.8.2. Product Portfolio 10.4.8.3. Financial Overview 10.4.8.4. Business Strategies and Development 10.4.9. Brenn-O-Kem (Pty) Ltd 10.4.9.1. Company Overview 10.4.9.2. Product Portfolio 10.4.9.3. Financial Overview 10.4.9.4. Business Strategies and Development 10.4.10. Omkar Speciality Chemical Limited 10.4.10.1. Company Overview 10.4.10.2. Product Portfolio 10.4.10.3. Financial Overview 10.4.10.4. Business Strategies and Development 10.4.11. Shanhong Chemical Co, Ltd 10.4.11.1. Company Overview 10.4.11.2. Product Portfolio 10.4.11.3. Financial Overview 10.4.11.4. Business Strategies and Developments 10.4.12. PAHI, S.L 10.4.12.1. Company Overview 10.4.12.2. Product Portfolio 10.4.12.3. Financial Overview 10.4.12.4. Business Strategies and Development 11. Appendix 11.1. Research Methodology 11.2. Report Assumptions 11.3. Acronyms and Abbreviations
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