Europe Drives Global Tartaric Acid Market at 6.20% Cagr from 2014 to 2022

Transparency Market
Research
Tartaric Acid Market for Wine, Food & Beverages,
Pharmaceuticals and Other End-users - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2022
Published Date
30-04-2015

105 Page Report

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Press Release
Europe Drives Global Tartaric Acid Market at 6.20% CAGR from 2014 to
2022

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Tartaric Acid Market

REPORT DESCRIPTION

The global market for tartaric acid is fueled by the rising production of wine in Latin America and Asia
Pacific, according to a new report published by Transparency Market Research. The report, titled “Tartaric
Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” also states
that driven by the growing demand for excipients in the pharmaceutical sector, the global tartaric acid
market will develop at a 6.20% CAGR from 2014 to 2022. By value, the market is estimated to rise from
US$1.8 Bn in 2013 to US$3.1 Bn by 2022.
While the growth of the construction industry in the Gulf Cooperation Council region will push the tartaric
acid market over the next seven years, limited use of synthetic tartaric acid in Europe and seasonality of
raw materials in the production process is likely to challenge the development of the tartaric acid
market.On the basis of end user, the tartaric acid market is segmented into food and beverages,
construction, wine, pharmaceutical, leather tanning, chemical, and metal finishing. In 2013, the food and
beverages industry accounted for 25.0% of the overall tartaric acid market, making it the largest end-use
segment in terms of volume. Wine is the second-largest segment of the tartaric acid market and
pharmaceutical is anticipated to register the highest growth rate from 2014 to 2022.
Geographically,...