Carboxylic Acid Market

By Product;

Acetic Acid, Ascorbic Acid, Azelaic Acid, Formic Acid, Valeric Acid, Citric Acid, Stearic Acid, Caproic Acid, Benzoic Acid and Others

By End Use;

Food & Beverages, Aromas, Animal Feed, Pharmaceuticals, Agrochemicals and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn565361889 Published Date: September, 2025 Updated Date: November, 2025

Carboxylic Acid Market Overview

Carboxylic Acid Market (USD Million)

Carboxylic Acid Market was valued at USD 11,705.71 million in the year 2024. The size of this market is expected to increase to USD 16,581.24 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.


Carboxylic Acid Market

*Market size in USD million

CAGR 5.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.1 %
Market Size (2024)USD 11,705.71 Million
Market Size (2031)USD 16,581.24 Million
Market ConcentrationMedium
Report Pages385
11,705.71
2024
16,581.24
2031

Major Players

  • BASF SE
  • Celanese Corporation
  • Dow
  • Eastman Chemical Company
  • Thirumalai Chemicals Ltd.,
  • Alfa Aesar
  • Thermo Fisher Scientific.,
  • Perstorp
  • FINETECH INDUSTRY LIMITED,
  • OXEA GmbH
  • VanDeMark Chemical Inc.,
  • VVF L.L.C.,
  • REDOX INDUSTRIES LIMITED

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Carboxylic Acid Market

Fragmented - Highly competitive market without dominant players


The Carboxylic Acid Market is expanding steadily due to its significant applications in plastics, food processing, and pharmaceuticals. Close to 45% of demand comes from polymer production, where these acids enhance strength, stability, and resistance. Their versatility in multiple industrial applications highlights their growing importance.

Strong Presence in Food Industry
Around 30% of market demand is associated with the food and beverage sector, where carboxylic acids serve as reliable acidulants, preservatives, and flavor enhancers. By contributing to taste improvement, extending shelf life, and ensuring consistent quality, they remain a key additive in global food manufacturing.

Increasing Use in Pharmaceuticals
Nearly 25% of consumption is attributed to the pharmaceutical industry, where carboxylic acids play a major role in drug development, formulation stability, and therapeutics. Their ability to provide high-quality intermediates and enhance efficacy underlines their value in healthcare and medical research.

Innovations Driving Product Advancements
About 35% of new developments in this market focus on biodegradable derivatives, enhanced properties, and broader application potential. Advances in production efficiency, refined chemical synthesis, and tailored industrial uses are driving higher adoption rates and improving performance standards.

Promising Market Prospects
The Carboxylic Acid Market is set for strong growth, supported by expanding use in consumer goods, industrial production, and pharma applications. More than 40% of recent innovations incorporate these acids into sustainable solutions. With rising demand, ongoing technological progress, and broad applicability, the market is positioned for long-term success.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End Use
    3. Market Snapshot, By Region
  4. Carboxylic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand in food and beverage preservatives
        2. Increasing use in pharmaceuticals and personal care products
        3. Rising applications in plasticizers and lubricants
      2. Restraints
        1. Volatile raw material prices
        2. Stringent environmental regulations
        3. Availability of substitute chemicals
      3. Opportunities
        1. Development of bio-based carboxylic acids
        2. Expansion in emerging markets
        3. Innovation in product applications and formulations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Carboxylic Acid Market, By Product, 2021 - 2031 (USD Million)
      1. Acetic Acid
      2. Ascorbic Acid
      3. Azelaic Acid
      4. Formic Acid
      5. Valeric Acid
      6. Citric Acid
      7. Stearic Acid
      8. Caproic Acid
      9. Benzoic Acid
      10. Others
    2. Carboxylic Acid Market, By End Use, 2021 - 2031 (USD Million)
      1. Food & Beverages
      2. Aromas
      3. Animal Feed
      4. Pharmaceuticals
      5. Agrochemicals
      6. Others
    3. Carboxylic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Celanese Corporation
      3. Dow (The Dow Chemical Company)
      4. Eastman Chemical Company
      5. OXEA GmbH
      6. Perstorp Holding AB
      7. Finetech Industry Limited
      8. Jiangsu SOPO (Group) Co. Ltd.
      9. Thirumalai Chemicals Ltd.
      10. Alfa Aesar
      11. Thermo Fisher Scientific
      12. Corbion N.V.
      13. VanDeMark Chemical Inc.
      14. VVF L.L.C.
      15. REDOX Industries Limited
  7. Analyst Views
  8. Future Outlook of the Market