Tartaric Acid Market Analysis, Top Key Players, and Industry Statistics, 2021-2027 | Distellere Mazzari SpA, Caviro Group, ATP Group, Commercial Quimica Sarasa SL, etc

Research Reports

Jan 23, 2021

According to the current analysis of Reports and Data, the Tartaric acid market globally was valued at USD 227 Million in 2018 and is expected to reach USD 348.9 Million by the year 2026, at a CAGR of 5.5%. The reason for the growth of the market for tartaric acid is the different uses of it as a component used for producing or manufacturing. This acid is found in most plants. It is used as raw material for the synthesis of as many chemical laboratories. The baking soda, i.e., sodium bicarbonate is another application for tartaric acid, which is used in many applications. The cosmetics and personal care products also find applications of this acid. The Pharmaceutical industry finds the application of tartaric acid to improve the taste of the medicines. The tartaric acid is also used as in cough syrups.

The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Tartaric Acid market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Tartaric Acid business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.

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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Tartaric Acid in the coatings and paints are driving the market. The increasing usage of bio-based Tartaric Acid will also supplement Tartaric Acid market revenue share through 2027

Further key findings from the report suggest

The tartaric acid market is growing at a CAGR of 0% in the Asia Pacific, followed by Europe & North America, 5.7 % and 5.6% CAGR, respectively. High usage of this acid across the globe is the key factor to accelerate the market growth during forecast period across all regions

As of 2018, Food & Beverages application segment is the dominating tartaric acid application which holds 29% of the global market. Europe market is the chief revenue-generating source for this product segment, followed by North America and Asia-Pacific regions

Natural type is expected to be the fastest-growing market segment during the forecast period 2019-2026 with a CAGR of 6.0%. However, associated costs are a significant challenge for the market growth of this market segment

Other applications segment (that includes, Cosmetics, Construction industry, Agriculture Industry) was valued at USD 36.3 Million and is expected to reach USD 53.59 Million by 2026

Europe is expected to account for 34% of the global tartaric acid market. The rising wine industry and demand for wine will help to witness high growth.

Competitive Terrain:

The global Tartaric Acid market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Tartaric Acid market are listed below:

Distellere Mazzari SpA, Caviro Group, ATP Group, Commercial Quimica Sarasa SL, Tartaros Gonazalo Castello TGC, Tarac Technologies, Merck, Distillerie Bonollo, Alcolera Vinicola S.A., Legre Mante S.A.

Type (Revenue in USD Million; Volume in Tons, 2016–2026)

Natural

Synthetic

Applications (Revenue in USD Million; Volume in Tons, 2016–2026)

Food & Beverages

Wine

Pharmaceuticals

Textile

Other Applications

Sources (Revenue in USD Million; Volume in Tons, 2016–2026)

Plants

Fruits

Others

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Key Takeaways from the Global Tartaric Acid Market report:

The global Tartaric Acid market report entails a broad product segmentation.

It methodically evaluates the overall product expanse of this business space.

The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.

The report provides the reader with a generic summary of the application gamut of the global Tartaric Acid market.

The report further details the market share and product demand for each application segment.

The study estimates the growth rate of each application segment over the projected timeframe.

Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Tartaric Acid Market Segmentation & Impact Analysis

Chapter 5. Tartaric Acid Market, By Type Insights & Trends

Chapter 6. Tartaric Acid Market, By Application Insights & Trends

Chapter 7. Tartaric Acid Market, By End Use Insights & Trends

Chapter 8. Tartaric Acid Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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