The report on the global Tartaric Acid market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2019 to 2026. The market is portioned into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue and volume (USD MN/ Kilo tons) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Tartaric acid is a crystalline organic acid that occurs naturally in various plants. It is primarily used in wine production to impart the characteristic tart taste to the wine. Tartaric acid is obtained from lees which occur naturally. Lees is rich in potassium tartrate, is further processed to produce tartaric acid. Synthetic tartaric acid is produced from maleic anhydride.
Drivers
- Increase in wine production due to increase in consumption.
- Its anti-oxidant property useful in food and beverages has increased its demand.
Restraints
- Harmful when the food containing tartaric acid is consumed in excess so the use of tartaric acid is limited to prevent uneven side effects such as vomiting, diarrhea, abdominal pain, increased thirst and gastrointestinal inflammation.
Report includes a detailed analysis on value chain in order to provide a holistic view of the Tartaric acid market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the Tartaric acid industry, from raw material suppliers to end-users.
Porter’s five forces model has been used to depict the impact of various factors such as:
- Degree of competition
- Bargaining power of suppliers
- Threat of substitutes
- Bargaining power of buyers
- Threat of new entrants during the forecast period
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
The global tartaric acid market has further been segmented based on end users such as wine, food & beverages, pharmaceutical, construction and others (including leather tanning, metal finishing, etc.). The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2019 to 2026. Each type has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
In terms of geography, the tartaric acid market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
The report also offers a competitive landscape of the overall market with company profiles of players such as
- Caviro Distillerie S.R.L (Caviro)
- Tarcol SA
- American Tartaric Products Inc. (ATP)
- Distillerie Mazzari S.p.A.
- The Tartaric Chemicals Corporation
- Changmao Biochemical Engineering Company Ltd.
- Industria Chimica Valenzana SpA (I.C.V.)
- Vinicas Inc.
- Omkar Speciality Chemicals Ltd.
- Giovanni Randi S.p.A.
- Derivados Vinicos S.A.
A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides Tartaric acid market's Mergers/acquisitions, Partnerships, Collaborations, New product launches, new product developments and other industry developments.
SEGMENTATIONS IN REPORT:
Tartaric Acid Market by End User:
- Wine
- Food & beverages
- Pharmaceutical
- Construction
- Others (Including leather tanning, metal finishing, etc.)
Tartaric Acid Market by Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Tartaric Acid Market has been exhibited in detail in the following some chapters -
Chapter 1 Tartaric Acid Market Preface
Chapter 2 Executive Summary
Chapter 3 Tartaric Acid Industry Analysis
Chapter 4 Tartaric Acid Market Value Chain Analysis
Chapter 5 Tartaric Acid Market Analysis By End User
Chapter 6 Tartaric Acid Market Analysis By Geography
Chapter 7 Competitive Landscape Of Tartaric Acid Companies
Chapter 8 Company Profiles Of Tartaric Acid Industry
METHODOLOGY:
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.