Pyruvic Acid Market Growing at 2.40% CAGR Will Hit 49 Million US$ in 2025
Los Angeles, CA -- (SBWire) -- 04/11/2019 --Pyruvic acid is a alpha-keto acid with a carboxylic acid and a ketone functional group. It is a colorless liquid that is represented chemically as C3H4O3, while pyruvate (the conjugate base, CH3COCOO?) is a key intermediate in several metabolic pathways.
Currently, Musashino, Toray, Minakem, Tianjin Shengdao Technology and Shanghai Jinli Bio-tech are the leaders of pyruvic acid industry. Musashino is a global leader. In 2017, the production of Musashino was 602 ton, and the company held a production share of 24.3%. In Europe and the United States, Musashino and Minakem are the market leader.
Pyruvic acid or pyruvate is a key intermediate in the glycolytic and pyruvate dehydrogenase pathways, which are involved in biological energy production. Pyruvic acid is mainly used for pharmaceuticals, daily chemicals and food additives. In 2017, pharmaceuticals application held 60.6% of the consumption market share. In fact, the trade flow of pyruvic acid is less. The trade flow of pyruvic acid mainly comes from pyruvic acid derivatives.
The global Pyruvic Acid market was 42 million US$ in 2018 and is expected to 49 million US$ by the end of 2025, growing at a CAGR of 2.4% between 2019 and 2025.
This report studies the Pyruvic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pyruvic Acid in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Tianjin Shengdao Technology
Shanghai Jinli Bio-tech
Zhoucun Dongfang Chemical
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Key Regions split in this report:
Central & South America
Middle East & Africa
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