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Showing posts with the label Aspartic Acid Market Trend

Aspartic Acid Market Trends and Competitive Landscape Outlook to 2022

Increasing aspartame demand in the form of artificial sweetener from food & beverages industry is expected to remain a key driving factor for the global market. Shift in trend towards convenience food & beverage consumption globally is also expected to have a positive influence on the market growth over the forecast period. High cost of major raw materials such as fumaric acid is expected to remain a key challenge for market participants. The Global Aspartic Acid Market is expected to reach USD 101.0 million by 2022, according to a new study by Grand View Research, Inc. Polyaspartic acid was the largest application segment and accounted for 22.6% of total market volume in 2014. Increasing demand for polyaspartic acid in the form of biodegradable polymer for replacing polyacrylic acid from major end-use industries such as agriculture, water treatment systems and petrochemical industry is expected to drive this segment. Polyaspartic acid was closely followed by