Malonic Acid Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segment Analysis

Malonic Acid Market Overview:

Malonic acid, a dicarboxylic acid with the chemical formula CH2 (COOH), has the COOH group. Ionized malonic acid, including its esters and salts, is known as malonate. Malonic acid's diethyl ester is, for example, dimethylmalonate. Specialized polyesters are produced using the chemical malonic acid. It can be converted to 1, 3-propanediol, whose utility for use in polyesters and polymers is debatable It is also a component of alkyd resins, which are used in a variety of coatings to shield surfaces from corrosion, oxidation, and ultraviolet rays.

 

Malonic acid is a crosslinker used in the coatings industry to create low-temperature cure powder coatings, which are becoming more and more common as heat-sensitive substrates and the need to speed up the coatings process become more important. Electronics, flavors and perfumes, specific solvents, polymer crosslinking, and medicines are just a few of the production processes that use it as a high-value specialty chemical. Gamma-nonalactone, cinnamic acid, and the drug compound valproate can all be created from the chemical building block known as malonic acid. The cross-linking of corn and potato starches with malonic acid (up to 37.5 percent w/w) was carried out in water with non-toxic catalysts to produce a biodegradable thermoplastic.38% of the world's market for biodegradable polymers was made up of starch-based materials, with compost bags, foam packaging, and food packaging being the most common end uses.

 

 

To get more Insights: Request Free Sample Report

 

Malonic Acid Market Dynamics:

The malonic acid market is expanding as a result of the rising use of malonic acid in pharmaceuticals, food and beverages, and agrochemicals.

Modern techniques including fermentation and enzymatic synthesis are used to manufacture malonic acid. As a result, malonic acid is made more effectively and cheaply.

 

The use of some substances is subject to strict regulations: Due to their negative effects on the environment and public health, other substances including phthalates and bisphenol A are subject to regulation. This enables the use of malonic acid as a safer substitute for these compounds. Many different medications and specialty compounds are synthesized using malonic acid and its derivatives as intermediates. It is used as a raw material to create barbiturates, which are sedatives and anticonvulsant medications. Malonic acid demand is fueled by this use.

 

Malonic acid is a type of herbicide and pesticide. Its application in agriculture aids in its production by assisting in the control of pests and unwelcome plant growth. In the food sector, malonic acid and its salts (malonates) are employed as antioxidants, preservatives, and acidity regulators. They improve the stability of food goods and help them last longer on the shelf. The demand for malonic acid is also influenced by this use.

 

Malonic Acid Market Restraints:

High prices of raw materials

Acetic acid and cyanide are two volatile raw ingredients whose costs have been growing recently and are used to make malonic acids. Malonic acid's production costs have increased as a result, lowering its ability to compete with other goods.

 

Malonic acid demand might change based on the state of the economy and the demand for the items it is used in. This might make it challenging for firms to plan their sales and production. In several nations, there exist laws governing the creation and usage of malonic acid. This may increase production costs and make it challenging to sell malonic acid in some areas.

 

Maleic acid and fumaric acid are two examples of replacements for malonic acid. These alternatives are frequently less expensive and more accessible, which may make them more appealing to customers.

 

Malonic Acid Market Opportunities:

The malonic acid market offers diverse opportunities including Supply Chain Optimization, Sustainability Initiatives, etc.

Malonic acid may find new uses as a result of ongoing research and development. Malonic acid producers may have access to new markets and prospects thanks to advancements in green chemistry and sustainable methods.

 

Malonic acid can be generated using bio-based techniques, meeting the rising demand for ecologically friendly and sustainable goods. Businesses that make investments in environmentally friendly production techniques and promote their goods as such may obtain a competitive advantage.

 

A competitive edge in this industry could come from streamlining the supply chain and maintaining a constant, high-quality supply of malonic acid. Businesses that make investments in successful production, distribution, and logistics are better able to satisfy client needs.

 

Malonic Acid Market Challenges:

The malonic acid market faces various challenges, ranging from competition and price volatility to regulatory compliance and quality control.

The malonic acid market is highly competitive, with several manufacturers and suppliers globally. This intense competition can lead to pricing pressures and reduced profit margins for companies in the industry.

 

The price of malonic acid can be volatile due to fluctuations in raw material costs, such as acetic acid and sodium cyanide. These price fluctuations can make it challenging for manufacturers to predict and manage production costs effectively.

 

Maintaining consistent quality is crucial for malonic acid manufacturers, especially when serving industries like pharmaceuticals. Ensuring product quality and purity can be a significant challenge.

 

Malonic Acid Market Trends:

Malonic acid is finding applications in diverse industries beyond pharmaceuticals and chemicals. These include food and beverage, agriculture, cosmetics, and electronics, where its properties are being explored for various purposes.

 

Some companies are offering custom synthesis services for malonic acid and its derivatives, catering to specific customer requirements. This trend is particularly significant in the pharmaceutical industry.

 

Researchers are investigating alternative feedstocks for malonic acid production to reduce dependency on petroleum-derived materials. This includes exploring bio-based sources and sustainable methods.

 

Malonic Acid Market Regional Insights:

The largest market share for malonic acid will still belong to North America in 2023, with a share of over 30%.  The market for this type of product is expanding because of escalating demand from the chemical and pharmaceutical industries.  The most common country in North America where malonic acid is consumed is the United States.

 

Europe will be the second-largest market for malonic acid in 2023, contributing over 25% of worldwide sales.  The market is expanding in this area due to the burgeoning demand from the pharmaceutical and food and beverage industries.  Germany, France, and Italy are the three main markets in Europe for malonic acid.

 

With a CAGR of more than 4% during the estimated time frame, Asia Pacific is the region with the fastest expanding demand for malonic acid.  The rising demand from the electronics and pharmaceutical industries is what's fueling the market expansion in this area.  The biggest markets for malonic acid in the Asia Pacific region are China, India,  and Japan.

 

Although the markets for malonic acid in Latin America and the Middle East and Africa are smaller, they are anticipated to expand more quickly over the course of the projection period.  These regions' markets are expanding as a result of rising demand from the pharmaceutical and agriculture sectors.  

 

Malonic Acid Market Segment Analysis:

By Application The malonic acid market's precursor industry, which will hold a share of more than 40% in 2023, is the largest market segment. This market's expansion is being fueled by the rising demand for malonic acid, which is used as a precursor in the manufacture of numerous chemicals, including medicines, polymers, and food additives.

 

With a share of more than 25% in 2023, the API segment will be the second-largest segment of the malonic acid market. The rising need for malonic acid as an API in the manufacture of numerous medications, such as antibiotics, anti-cancer drugs, and anti-inflammatory drugs, is what is causing this market segment to develop.

 

The additive category will rank third in the malonic acid market in 2023 with a market share of about 15. The pH controller and taste enhancer sectors of the malonic acid market are smaller but are anticipated to grow more swiftly over the forecast period.

 

 

By End-User In 2023, the malonic acid market's main end-use sector will be the pharmaceutical industry, with a share of over 40%. This market is expanding as a result of the rising demand for malonic acid, which is a precursor utilized in the manufacturing of several medications.

 

With a share of over 25%, the food and beverage sector will rank as the second-largest end-use sector for malonic acid in 2023. This market is expanding due to the rising demand for malonic acid, which is used as a flavor enhancer and pH regulator in numerous food products.

 

The chemical category is the third-largest end-use segment for malonic acid, with a share of more than 15% in 2023. The end-use segments for electronics and agriculture in the malonic acid market are the smallest, but they are anticipated to grow more swiftly in the future years.

 

Malonic Acid Market Competitive Landscape:

In November 2022, a research and development partnership between Ginkgo Bioworks and Lygos Inc. was announced to produce biodegradable polymer-based formulations and solutions. The company integrates the efforts of two of its research and development programmers over the course of about two years.

 

In May 2021, Lonza announced significant expansion plans for its mammalian medicinal substance production facilities in Portsmouth (US) and Visp (CH).

 

In order to meet the rising demand for biologics on the market, a brand-new, large-scale manufacturing facility for mammalian medical products will be constructed in Visp (CH). It will have six 20,000L bioreactors to improve its capacity. The new structure will have a surface area of around 27,500 m2.

 

Malonic Acid Market Scope:

Malonic Acid Market Scope
Market Size in 2023	USD 189.98 million.
Market Size in 2030	USD 256.65 million.
CAGR (2024-2030)	4.39%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Application Precursor API Additive Flavor Enhancer pH Controller
	By End-User Pharmaceutical Food & Beverage Chemical Electronics Agriculture
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Malonic Acid Market Key Players:

• Lonza Group
• Wuhan Kemi-Works Chemical Co., Ltd.
• Shanghai Nanxiang Reagent Co., Ltd.
• Columbus Chemical Industries, Inc.
• TATEYAMA KASEI co., Ltd
• Trace Zero LLC
• Medical Chem (Yancheng) Manuf.Co., Ltd.
• J&K Scientific Ltd.
• Hefei TNJ Chemical Industry Co., Ltd.
• Lygos Inc.