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Monday Apr 27, 2015
Monday Apr 27, 2015
The global aspartic acid market is expected to reach USD 101.0 million by 2022, according to a new study by Grand View Research, Inc. 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.
To request a sample copy or view summary of this report, click the link: http://www.grandviewresearch.com/industry-analysis/aspartic-acid-market
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.
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