The global tartaric acid market is fragmented, with a few players with global operations. The number of natural tartaric acid manufacturers is higher than the number of synthetic tartaric acid producers. Most producers of natural tartaric acid have captive supply of raw materials through their wine production operations.
Albany, NY -- (SBWIRE) -- 12/31/2015 -- Tartaric acid is a four-carbon organic acid, primarily used in wine production to impart the characteristic tart taste to the wine. Tartaric acid can be produced from natural sources as well as synthetic raw materials. Natural source for tartaric acid is lees, which is obtained after racking wine, usually in the summers. Lees, which is rich in potassium tartrate, is further processed to produce tartaric acid. Synthetic tartaric acid is produced from maleic anhydride. Natural tartaric acid is produced across all wine producing regions in the world, while synthetic tartaric acid is majorly produced in Asia Pacific, especially China.
This report provides a detailed description of the global tartaric acid market based on volume share (kilo tons) and revenue (US$ Mn) for the period of 2014 to 2022. It highlights the factors contributing to the growth of the market and the restraints that impede the market. Detailed forecast for tartaric acid from 2014 to 2022 has been given separately for better understanding of the market scenario. The tartaric acid market is described with respect to various segments along with the expected opportunities over the next six years.
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In terms of geography, the global tartaric acid market has been segmented into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Each region has been further divided into countries which have been found to be key markets for tartaric acid.
On the basis of end-user industry, the study segments the market into wine, food & beverages, construction, pharmaceutical, and others (including chemicals, metal finishing, and leather tanning). It provides forecasts and estimates for each end-user segment in terms of revenue and volume during the forecast period from 2014 to 2022 for each region and inclusive of countries as well. The study also analyzes market attractiveness for all end-users of tartaric acid with the help of the market attractiveness tool.
Rising demand for tartaric acid in key end-user industries such as pharmaceuticals and wine is projected to boost the global market for tartaric acid. The pharmaceuticals industry is a high-value-low-volume market for tartaric acid, where it is utilized as an organic excipient for weakly acidic drugs. The wine industry is growing globally owing to increasing consumption of wine in Asia Pacific and Latin America. However, seasonality in supply of feedstock for natural tartaric acid and restricted use of synthetic tartaric acid for food grade and pharmaceutical grade applications are likely to hamper market growth. Growth opportunities are expected to be created by the rapidly growing construction industry in the GCC region.
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Value chain analysis and Porter's five forces model have been provided for a comprehensive view of the market. These would also help understand the specifics of the industry structure, besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key players such as Caviro Distillerie S.R.L., Tarcol S.A., American Tartaric Products Inc., Distillerie Mazzari S.p.A., Derivados Vinicos S.A., Giovanni Randi S.p.A., The Tartaric Chemicals Corporation, Industria Chimica Valenzana S.p.A., Vinicas Inc., Omkar Speciality Chemicals Ltd., and Changmao Biochemical Engineering Company Ltd. Detailed description of players includes parameters such as company overview, financial overview, business strategies, upcoming facilities, capacity addition, mergers, acquisitions and joint ventures, new products, and recent developments.
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