Infinium Global Research Global Carboxylic Acid Market - IGR 2022 | Page 3

care & cosmetics, pharmaceuticals, lubricants and others (such as textiles,
leather, rubber, agrochemicals).
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Global carboxylic acid market is primarily driven by increasing demand in the
animal feed (for acids such as butyric, formic and propionic) and food &
beverage industries, it is expected to propel the market over the forecast
period. Furthermore, rising demand for stearic acid, valeric acid and butyric
acid in the cosmetic and personal care industry is likely to drive the global
carboxylic acid market. On the other hand, stringent regulatory and legislative
actions against the production of petroleum based carboxylic acids are one of
the restraints in the global carboxylic acid market. Additionally, easily
available substitutes for various applications are likely to restrain carboxylic
acid market growth globally.
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