Worldwide Aspartic Acid Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, July 16, 2020 /PRNewswire/ -- The "Aspartic Acid - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Aspartic Acid estimated at 48.5 Kilo Metric Tons in the year 2020, is projected to reach a revised size of 60.6 Kilo Metric Tons by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027. Polyaspartic Acid, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach 17.4 Kilo Metric Tons by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aspartame segment is readjusted to a revised 3.1% CAGR for the next 7-year period. This segment currently accounts for a 23.3% share of the global Aspartic Acid market.

The U.S. Accounts for Over 27.4% of Global Market Size in 2020, While China is Forecast to Grow at a 9% CAGR for the Period of 2020-2027

The Aspartic Acid market in the U. S. is estimated at 13.3 Kilo Metric Tons in the year 2020. The country currently accounts for a 27.42% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 15.7 Kilo Metric Tons in the year 2027 trailing a CAGR of 9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 0% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0% CAGR while Rest of European market (as defined in the study) will reach 15.7 Kilo Metric Tons by the year 2027.

Feed Supplements Segment Corners a 14.8% Share in 2020

In the global Feed Supplements segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 5.6 Kilo Metric Tons in the year 2020 will reach a projected size of 7 Kilo Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 5.7 Kilo Metric Tons by the year 2027, while Latin America will expand at a 0% CAGR through the analysis period. The publisher brings years of research experience to this 7th edition of our report. The 108-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

• Ajinomoto Co., Inc.
• AnaSpec, Inc.
• Anhui Huaheng Biotechnology Co., Ltd.
• Beijing FortuneStar S&T Development Co., Limited
• Changmao Biochemical Engineering Co. Ltd.
• Changzhou Yabang Chemical Co., Ltd.
• ChemPep
• Evonik Industries AG
• Flexible Solutions International Inc.
• Iris Biotech GmbH
• Koninklijke DSM NV
• Kyowa Hakko Bio Co., Ltd.
• Nanjing Libang Chemical Co., Ltd.
• Prinova Group LLC.
• Tocris Bioscience
• Tokyo Chemical Industry Co., Ltd.
• Yantai Hengyuan Bioengineering Co., Ltd
  

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Aspartic Acid Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/dlxl6d

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SOURCE Research and Markets