Aspartic Acid Market Analysis By Application (Feed Supplements, Medicine, Polyaspartic Acid, Aspartame, L-Alanine) And Segment Forecasts To 2022

Published: Apr, 2015 | Pages: 84 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global aspartic acid market is expected to reach USD 101.0 million by 2022. Increasing aspartame demand in the form of artificial sweetener from food & beverages industry is expected to remain a key driving factor for the global market. Shift in trend towards convenience food & beverage consumption globally is also expected to have a positive influence on the market growth over the forecast period. High cost of major raw materials such as fumaric acid is expected to remain a key challenge for market participants.

Polyaspartic acid was the largest application segment and accounted for 22.6% of total market volume in 2014. Increasing demand for polyaspartic acid in the form of biodegradable polymer for replacing polyacrylic acid from major end-use industries such as agriculture, water treatment systems and petrochemical industry is expected to drive this segment. Polyaspartic acid was closely followed by aspartame which emerged as the second largest application segment for aspartic acid. Medical is expected to witness the highest growth of 6.2% from 2015 to 2022.

Further key findings from the study suggest:

Global aspartic acid market demand was 39.3 kilo tons in 2014 and is expected to reach 60.6 kilo tons by 2022, growing at a CAGR of 5.6% from 2015 to 2022.
North America emerged as the largest regional market and accounted for 39.0% of total market volume in 2014. Presence of sophisticated healthcare infrastructure in the U.S. coupled with increasing artificial sweetener on account of growing consumer awareness is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to register the highest growth rate of 7.3% from 2015 to 2022. China was the leading aspartic acid consumer in Asia Pacific. Increasing sweeteners demand from carbonated beverages particularly in India and China is expected to drive the regional market over the forecast period.
The global aspartic acid market is highly fragmented with large number of small companies dominating the market. However, there is a presence of some large multinational corporations. Some of the major companies operating in the global market include Ajinomoto Co. Inc, Royal DSM, Flexible Solutions Inc., Iris Biotech GmbH, Prinova Inc Evonik Industries, Anaspec Inc, Changzhou Yabang Chemical Co. Ltd , Yantai Hengyuan Bioengineering Co. Ltd., Kyowa Hakko Kogyo Co and Nanjing Libang Chemical Co. Ltd.
For the purpose of this study, Grand View Research has segmented the aspartic acid market on the basis of application and region:

Global Aspartic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

Feed Supplements
Medicine
Polyaspartic Acid
Aspartame
L-Alanine
Others
Global Aspartic Acid Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2022)

North America
U.S.
Canada
Europe
Germany
UK
Asia Pacific
China
Japan
India
Central & South America
Middle East & Africa

 Table of Contents
Chapter 1. Executive Summary
               1.1. Aspartic acid - Industry Summary and Key Buying Criteria, 2012 - 2022
Chapter 2. Aspartic Acid Industry Outlook
               2.1. Market Segmentation
               2.2. Market Size and Growth Prospects
               2.3. Aspartic acid Value Chain Analysis
               2.4. Aspartic acid Market Dynamics
                  2.4.1. Market driver analysis
                     2.4.1.1. Increasing sweeteners demand
                     2.4.1.2. Increasing biodegradable polymers demand
                  2.4.2. Market restraint analysis
                     2.4.2.1. Complex manufacturing process and high cost.
               2.5. Key Opportunities Prioritized
               2.6. Industry Analysis - Porter's
               2.7. Aspartic Acid as Platform Chemical
               2.8. Aspartic acid Market PESTEL Analysis, 2013
Chapter 3. Aspartic Acid Application Outlook
               3.1. Global Aspartic Acid Market Share by Application, 2014 & 2022 
               3.2. Feed supplements
                  3.2.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  3.2.2. Market estimates and forecast by region, 2012 - 2022(Tons) (USD Million)
               3.3. Medicines
                  3.3.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  3.3.2. Market estimates and forecast by region, 2012 - 2022(Kilo Tons) (USD Million)
               3.4. Polyaspartic acid
                  3.4.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  3.4.2. Market estimates and forecast by region, 2012 - 2022(Tons) (USD Million)
               3.5. Aspartame
                  3.5.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  3.5.2. Market estimates and forecast by region, 2012 - 2022(Kilo Tons) (USD Million)
               3.6. L-alanine
                  3.6.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  3.6.2. Market estimates and forecast by region, 2012 - 2022(Kilo Tons) (USD Million)
               3.7. Others
                  3.7.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  3.7.2. Market estimates and forecast by region, 2012 - 2022(Kilo Tons) (USD Million)
Chapter 4. Aspartic acid Regional Outlook
               4.1. Global Aspartic Acid Market Share by Region, 2014 & 2022
               4.2. North America 
                  4.2.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  4.2.2. Market estimates and forecast by application, 2012 - 2022( Kilo Tons) (USD Million)
                  4.2.3. U.S
                     4.2.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.2.3.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
                  4.2.4. Canada
                     4.2.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.2.4.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Millions)
               4.3. Europe
                  4.3.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  4.3.2. Market estimates and forecast by application, 2012 - 2022(Tons) (USD Million)
                  4.3.3. Germany
                     4.3.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.3.3.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
                  4.3.4. UK
                     4.3.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.3.4.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
               4.4. Asia Pacific
                  4.4.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  4.4.2. Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
                  4.4.3. China
                     4.4.3.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.4.3.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
                  4.4.4. Japan
                     4.4.4.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.4.4.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
                  4.4.5. India
                     4.4.5.1 Market estimates and forecast, 2012-2020, (Kilo Tons) (USD Millions)
                     4.4.5.2 Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
               4.5. Central & South America
                  4.5.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  4.5.2. Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
               4.6. Middle East & Africa
                  4.6.1. Market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million)
                  4.6.2. Market estimates and forecast by application, 2012 - 2022(Kilo Tons) (USD Million)
Chapter 5. Competitive Landscape
               5.1. Royal DSM
                  5.1.1. Company Overview
                  5.1.2. Financial Performance
                  5.1.3. Product Benchmarking
                  5.1.4. Strategic Initiatives
               5.2. Evonik Industries
                  5.2.1. Company Overview
                  5.2.2. Financial Performance
                  5.2.3. Product Benchmarking
                  5.2.4. Strategic Initiatives
               5.3. Ajinomoto Co. Inc.
                  5.3.1. Company Overview
                  5.3.2. Financial Performance
                  5.3.3. Product Benchmarking
                  5.3.4. Strategic Initiatives
               5.4. Iris Biotech GmbH
                  5.4.1. Company Overview
                  5.4.2. Financial Performance
                  5.4.3. Product Benchmarking
                  5.4.4. Strategic Initiatives
               5.5. Prinova Inc.
                  5.5.1. Company Overview
                  5.5.2. Financial Performance
                  5.5.3. Product Benchmarking
                  5.5.4. Strategic Initiatives
               5.6. Flexible Solutions Inc.
                  5.6.1. Company Overview
                  5.6.2. Financial Performance
                  5.6.3. Product Benchmarking
                  5.6.4. Strategic Initiatives
               5.7. Changzou Yabang Chemical Co. Ltd.
                  5.7.1. Company Overview
                  5.7.2. Financial Performance
                  5.7.3. Product Benchmarking
                  5.7.4. Strategic Initiatives
               5.8. Yantai Hengyuan Bioengineering Co. Ltd.
                  5.8.1. Company Overview
                  5.8.2. Financial Performance
                  5.8.3. Product Benchmarking
                  5.8.4. Strategic Initiatives
               5.9. Kyowa Hakko Kogyo Co.
                  5.9.1. Company Overview
                  5.9.2. Financial Performance
                  5.9.3. Product Benchmarking
                  5.9.4. Strategic Initiatives
               5.10. Anaspec Inc.
                  5.10.1. Company Overview
                  5.10.2. Financial Performance
                  5.10.3. Product Benchmarking
                  5.10.4. Strategic Initiatives
               5.11. Nanjing Libang Chemical Co. Ltd.
                  5.11.1. Company Overview
                  5.11.2. Financial Performance
                  5.11.3. Product Benchmarking
                  5.11.4. Strategic Initiatives
               5.12. Changmao Biochemical Engineering Co. Ltd.
                  5.12.1. Company Overview
                  5.12.2. Financial Performance
                  5.12.3. Product Benchmarking
                  5.12.4. Strategic Initiatives
               5.13. Tocris Bioscience Co.
                  5.13.1. Company Overview
                  5.13.2. Financial Performance
                  5.13.3. Product Benchmarking
                  5.13.4. Strategic Initiatives
               5.14. Tokyo Chemical Industry Co. Ltd.
                  5.14.1. Company Overview
                  5.14.2. Financial Performance
                  5.14.3. Product Benchmarking
                  5.14.4. Strategic Initiatives
               5.15. Dongying Leadbong Chemical Co.
                  5.15.1. Company Overview
                  5.15.2. Financial Performance
                  5.15.3. Product Benchmarking
                  5.15.4. Strategic Initiatives
               5.16. Taiyuan Qiaoyou Chemical Co.
                  5.16.1. Company Overview
                  5.16.2. Financial Performance
                  5.16.3. Product Benchmarking
                  5.16.4. Strategic Initiatives
               5.17. Langen Suzhou Co. Ltd.
                  5.17.1. Company Overview
                  5.17.2. Financial Performance
                  5.17.3. Product Benchmarking
                  5.17.4. Strategic Initiatives
               5.18. Anhui Huaheng Biotechnology Co.
                  5.18.1. Company Overview
                  5.18.2. Financial Performance
                  5.18.3. Product Benchmarking
                  5.18.4. Strategic Initiatives
               5.19. Beijing FortuneStar S&T Development Co. Ltd.
                  5.19.1. Company Overview
                  5.19.2. Financial Performance
                  5.19.3. Product Benchmarking
                  5.19.4. Strategic Initiatives


List of Tables

1. Aspartic acid - Industry Summary & Critical Success Factors (CSFs)
2. Global aspartic acid market estimates and forecast, 2012 - 2022(Tons) (USD Million)
3. Global aspartic acid volumes estimates and forecast by region, 2012 - 2022(Kilo Tons)
4. Global aspartic acid revenue estimates and forecast by region, 2012 - 2022(USD Million)
5. Global aspartic acid volume estimates and forecast by application, 2012 - 2022(Kilo Tons)
6. Global aspartic acid revenue estimates and forecast by application, 2012 - 2022(USD Million)
7. Aspartic acid - Key market driver analysis
8. Aspartic acid - Key market restraint analysis
9. Aspartic acid market estimates and forecast from feed supplements, 2012 - 2022(Kilo Tons) (USD Million)
10. Aspartic acid volume estimates and forecast from feed supplements by region, 2012 - 2022(Kilo Tons)
11. Aspartic acid revenue estimates and forecast from feed supplements by region, 2012 - 2022(USD Million)
12. Aspartic acid market estimates and forecast from medicines, 2012 - 2022(Kilo Tons) (USD Million)
13. Aspartic acid volume estimates and forecast from medicines by region, 2012 - 2022(Kilo Tons)
14. Aspartic acid revenue estimates and forecast from medicines by region, 2012 - 2022(USD Million)
15. Aspartic acid market estimates and forecast from polyaspartic acid, 2012 - 2022(Kilo Tons) (USD Million)
16. Aspartic acid volume estimates and forecast from polyaspartic acid by region, 2012 - 2022(Kilo Tons)
17. Aspartic acid revenue estimates and forecast from polyaspartic acid by region, 2012 - 2022(USD Million)
18. Aspartic acid market estimates and forecast from aspartame, 2012 - 2022(Kilo Tons) (USD Million)
19. Aspartic acid volume estimates and forecast from aspartame by region, 2012 - 2022(Kilo Tons)
20. Aspartic acid revenue estimates and forecast from aspartame by region, 2012 - 2022(USD Million)
21. Aspartic acid market estimates and forecast from L-alanine, 2012 - 2022(Kilo Tons) (USD Million)
22. Aspartic acid volume estimates and forecast from L-alanine by region, 2012 - 2022(Kilo Tons)
23. Aspartic acid revenue estimates and forecast from L-alanine by region, 2012 - 2022(USD Million)
24. Aspartic acid market estimates and forecast from other applications, 2012 - 2022(Kilo Tons) (USD Million)
25. Aspartic acid volume estimates and forecast from other applications by region, 2012 - 2022(Kilo Tons)
26. Aspartic acid revenue estimates and forecast from other applications by region, 2012 - 2022(USD Million)
27. North America aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
28. North America aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
29. North America aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
30. U.S. aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
31. U.S. aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
32. U.S. aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
33. Canada aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
34. Canada aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
35. Canada aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
36. Europe aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
37. Europe aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
38. Europe aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
39. Germany aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
40. Germany. aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
41. Germany. aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
42. UK aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
43. UK aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
44. UK aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
45. Asia Pacific aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
46. Asia Pacific aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
47. Asia Pacific aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
48. China aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
49. China. aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
50. China. aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
51. Japan aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
52. Japan aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
53. Japan aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
54. India aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
55. India aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
56. India aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
57. Central & South America aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
58. Central & South America aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
59. Central & South America aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)
60. Middle East & Africa aspartic acid market estimates and forecast, 2012 - 2022(Kilo Tons) (USD Million)
61. Middle East & Africa aspartic acid volume estimates and forecast by application, 2012-2022 (Kilo Tons)
62. Middle East & Africa aspartic acid revenue estimates and forecast by application, 2012-2022 (USD Million)


List of Figures

1. Aspartic acid market segmentation
2. Global aspartic acid market estimates and forecasts, 2012 - 2022 (Kilo Tons) (USD Million)
3. Aspartic acid - Value Chain Analysis
4. Aspartic acid - Market Dynamics
5. Aspartic acid -Company market share analysis, 2014
6. Key Opportunities - Prioritized
7. Aspartic acid - Porter's Analysis
8. Aspartic acid - PESTEL Analysis
9. Global aspartic acid market volume share by application, 2014 & 2022
10. Global aspartic acid market volume share by region, 2014 & 2022