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Glutamic Acid Market Snapshot (2023 to 2033)

The global glutamic acid market is expected to accumulate a market value of US$ 10,160.6 million in 2023 and is expected to accumulate a market value of US$ 15,787.8 million by registering a CAGR of 4.7% in the forecast period 2023 to 2033.

The growth of the glutamic acid market can be attributed to the increasing use of the same in the food and pharmaceutical industry. The market for glutamic acid registered a CAGR of 4.1% in the historical period 2018 to 2022.

Data Points Key Statistics
Expected Market Value (2023) US$ 10,160.6 million
Anticipated Forecast Value (2033) US$ 15,787.8 million
Projected Growth Rate (2023 to 2033) 4.7% CAGR

Glutamic acid is also known as a proteinogenic amino acid. Glutamic acid is commonly used in almost all protein compounds. These are found in meats, cereals, soy protein, and certain algae. It is predominantly used as a flavor enhancer in processed food products.

Glutamates act as a neurotransmitter in the nervous system. Glutamate is a non-essential amino acid and is crucial for the proper working of cells and for disposing extra nitrogen from the human body.

Glutamic acid is a non-essential amino acid. Glutamic acid is mainly metabolized in the brain and is a vital neurotransmitter for normal and healthy brain function. Few other benefits of glutamic acid include muscular dystrophy and schizophrenia also known as bipolar disorder treatment among others.

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Glutamic Acid Demand Analysis (2018 To 2022) Vs Market Outlook (2023 To 2033)

The global demand for glutamic acid is projected to increase at a CAGR of 4.7% during the forecast period between 2023 and 2033, reaching a total of US$ 15,787.8 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 4.1%.

The wide use application of glutamic acid in end user industries such as food and pharmaceutical industries is contributing to the growth of the market. Moreover, increasing health awareness amongst individuals is accelerating the use of glutamic acid in protein powders and nutritional products.

The expanding dominance of packaged food industry along with increasing dependency on food enhancers by various food product companies is further boosting the sales of glutamic acid. In the upcoming years, the demand for glutamic acid is expected to increase owing to the nutritional nature of the same.

Which Are Some Prominent Drivers of Glutamic Acid Market?

End user industries propelling growth of glutamic acid market

The production and consumption of glutamic acid are highly influenced by its demand from the end-use industries. Increasing demand for animal feed, coupled with the growing utilization of food additives and food enhancers in the food and beverages industry, is estimated to trigger the product demand in the near future. An increase in demand for packaged food along with food enhancers is maximizing the use of glutamic acid in the food industry.

Furthermore, glutamic acid is largely used in the pharmaceutical industry owing to its various benefits. Glutamic acid helps in improving personality disorders and is used to treat behavioral disorders in children. Glutamic acid is also used for muscular dystrophy, mental retardation, ulcers, epilepsy, and hypoglycemic coma.

Nutritional benefits of glutamic acid boosting growth

Another factor driving the market is the shifting preference towards natural food products, further supported by rising health concerns. Glutamic acids are also used in dairy products to increase the shelf life and enhance the taste. The increasing awareness among individuals regarding consuming healthy products has positively impacted the demand for glutamic acid in the food and beverages and pharmaceuticals sectors.

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What Are the Challenges Faced by The Glutamic Acid Market?

Risk associated with excessive intake hindering market growth

The excessive intake of glutamic acid along with unsupervised guidance can have negative effects on health. Excessive intake of glutamic acid can result in headaches and fatigue problems. This not only deters the health of individuals but also makes them feel tired for a long time. In addition, the risk of stroke morality associated with consumption of glutamic acid is restraining the growth of the market.

Region-Wise Insights

End User Industries Maximizing Use of Glutamic Acid in North America?

Glutamic Acid helping in treatment of diseases in the region

North America is expected to dominate in the glutamic acid market during the forecast period owing to the growing processed food industry in US and Mexico. The demand for glutamic acid is anticipated to be driven by the growing demand for pharmaceuticals and animal feed.

In the pharmaceutical sector, the product is utilized to manufacture a variety of drugs for the treatment of various diseases such as epilepsy and cognitive problems. This has led to the increasing use of glutamic acid in pharmaceutical and food & beverage industry. Thus, due to these reasons, North America is expected to possess 29.4% market share for glutamic acid market in 2023.

Packaged Food Creating Lucrative Opportunities for Glutamic Acid in Europe?

Packaged food and food additives enhancing glutamic acid market growth

The demand for processed food in Italy, Germany and Spain is expected to fuel the growth in the region. Increasing consumption of cheddar cheese along with packaged foods is contributing to market growth. In Europe, the rising health concerns and the government regulations regarding public health and feed additives are supposed to impact the market significantly.

The pharmaceutical industry present in the region has increased the use of glutamic acid for producing different medicines. This, in turn, is positively influencing the growth of the glutamic acid market. Thus, owing to the reasons mentioned above, Europe is expected to hold 27.5% market share for glutamic acid market in 2023.

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Category-Wise Insights

Glutamic Acid’s Flavor Enhancing Properties Making It Popular for Food Additives?

Rising consumer preference towards healthy food increasing use of glutamic acid in food additives

The global glutamic acid market is segmented by application into food additives, pharmaceutical, and animal & pet food. Amongst all the applications, food additives are a prominent application segment of the global glutamic acid market, and further, it is expected to maintain its dominance during the forecast period. Glutamic acid is anticipated to witness a substantial growth owing to growing application in processed food and animal feed industry.

Glutamic acid is used as a food additive and also as a flavor enhancer in various packed and functional foods. Moreover, the rising consumer preference towards healthy food products along with better taste and nutrition is anticipated to enhance the sales during the forecast period.

Further, the shifting tendency towards the usage of processed food is further expected to bolster the glutamic acid market growth across the globe. Thus, food additives are expected to hold 40% of the market share for glutamic acid market.

Start-Ups For Glutamic Acid Market

Key players in the glutamic acid market are Preon, Sunbloom Proteins, The Better Meat Co, ChickP and Tomorrow Foods

  • Sunbloom Proteins, a key player in the glutamic acid market, is using a patented process to make functional protein from sunflower seeds. Sunflower seeds consist of glutamic acid that can be used in food and beverage applcations.
  • Tomorrow Foods is making protein form various meat analogs. The start-up is using functional legume protein that enhances the use of glutamic acid

Market Competition

The prominent players in the global glutamic acid market are Global Bio-chem Technology Group Company, Bachem AG, Ningxia EPPEN Bioengineering Stock Co., Ltd, Kyowa Hakko Bio Co., Ltd, Sichuan Tongsheng Amino Acid Co., Ltd, Iris Biotech GmbH, Suzhou Yuanfang Chemical Co. Ltd., Ajinomoto Co., Inc., Limited, Akzo Nobel N.V., and Evonik Industries AG

To ensure product differentiation and to gain a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.

  • Ajinomoto Co., Inc, a key player in the glutamic acid market has undertaken extensive research to understand the benefits of amino acids. The company is planning to incorporate glutamic acid in various food products.
  • Evonik Industries AG, too researching extensively on maximizing the use of glutamic acid. Through this, the company is focusing on offering adequate nutritional support by using glutamic acid.
  • Global Bio-chem disposed of 47% interest in global sweeteners and announced their realisation restructuring of the company.
  • In June 2023, Evonik handed over Lülsdorf to the International Chemical Investors Group (ICIG).

Report Scope

Attribute Details
Market Value in 2023 US$ 10,160.6 million
Market Value in 2033 US$ 15,787.8 million
Growth Rate CAGR of 4.7% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Application
  • Region
Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
Key Countries Profiled
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel
Key Companies Profiled
  • Bio-chem Technology Group Company
  • Bachem AG
  • Ningxia EPPEN Bioengineering Stock Co., Ltd
  • Kyowa Hakko Bio Co., Ltd
  • Sichuan Tongsheng Amino Acid Co., Ltd
  • Iris Biotech GmbH
  • Suzhou Yuanfang Chemical Co. Ltd.
  • Ajinomoto Co., Inc.
  • Akzo Nobel N.V.
  • Evonik Industries AG
Customization Available Upon Request

Key Segments Profiled in the Glutamic Acid Industry Survey

Glutamic Acid Market by Application:

  • Food additives
  • Pharmaceuticals
  • Animal & Pet Food

Glutamic Acid Market by Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Frequently Asked Questions

What is the market size in 2023?

The market is valued at US$ 10,160.6 million in 2023.

How is the historical performance of the market?

From 2018 to 2022, the market registered a CAGR of 4.1%.

What will be the market value in 2033?

The market shall reach US$ 15,787.8 million in 2033.

What is the CAGR from 2023 to 2033?

The market’s CAGR from 2023 to 2033 will be 4.7%.

Who are the key market players?

Ajinomoto Co., Inc., Akzo Nobel N.V., and Evonik Industries AG are key market players.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Billion) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis By Application, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Billion) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033

        5.3.1. Food additives

        5.3.2. Pharmaceuticals

        5.3.3. Animal & Pet Food

    5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    6.1. Introduction

    6.2. Historical Market Size Value (US$ Billion) & Volume (Tons) Analysis By Region, 2018 to 2022

    6.3. Current Market Size Value (US$ Billion) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        6.3.1. North America

        6.3.2. Latin America

        6.3.3. Europe

        6.3.4. Asia Pacific

        6.3.5. MEA

    6.4. Market Attractiveness Analysis By Region

7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    7.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    7.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        7.2.1. By Country

            7.2.1.1. The USA

            7.2.1.2. Canada

        7.2.2. By Application

    7.3. Market Attractiveness Analysis

        7.3.1. By Country

        7.3.2. By Application

    7.4. Key Takeaways

8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. Brazil

            8.2.1.2. Mexico

            8.2.1.3. Rest of Latin America

        8.2.2. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Application

    8.4. Key Takeaways

9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Germany

            9.2.1.2. United Kingdom

            9.2.1.3. France

            9.2.1.4. Spain

            9.2.1.5. Italy

            9.2.1.6. Russia

            9.2.1.7. Rest of Europe

        9.2.2. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Application

    9.4. Key Takeaways

10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. China

            10.2.1.2. Japan

            10.2.1.3. India

            10.2.1.4. South Korea

            10.2.1.5. Australia

            10.2.1.6. Rest of APAC

        10.2.2. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Application

    10.4. Key Takeaways

11. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Billion) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Billion) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. South Africa

            11.2.1.2. Saudi Arabia

            11.2.1.3. UAE

            11.2.1.4. Israel

            11.2.1.5. Rest of MEA

        11.2.2. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Application

    11.4. Key Takeaways

12. Key Countries Market Analysis

    12.1. Value (US$ Billion) & Volume (Tons)ed States

        12.1.1. Pricing Analysis

        12.1.2. Market Share Analysis, 2022

            12.1.2.1. By Application

    12.2. Canada

        12.2.1. Pricing Analysis

        12.2.2. Market Share Analysis, 2022

            12.2.2.1. By Application

    12.3. Brazil

        12.3.1. Pricing Analysis

        12.3.2. Market Share Analysis, 2022

            12.3.2.1. By Application

    12.4. Mexico

        12.4.1. Pricing Analysis

        12.4.2. Market Share Analysis, 2022

            12.4.2.1. By Application

    12.5. Germany

        12.5.1. Pricing Analysis

        12.5.2. Market Share Analysis, 2022

            12.5.2.1. By Application

    12.6. United Kingdom

        12.6.1. Pricing Analysis

        12.6.2. Market Share Analysis, 2022

            12.6.2.1. By Application

    12.7. France

        12.7.1. Pricing Analysis

        12.7.2. Market Share Analysis, 2022

            12.7.2.1. By Application

    12.8. Spain

        12.8.1. Pricing Analysis

        12.8.2. Market Share Analysis, 2022

            12.8.2.1. By Application

    12.9. Italy

        12.9.1. Pricing Analysis

        12.9.2. Market Share Analysis, 2022

            12.9.2.1. By Application

    12.10. Russia

        12.10.1. Pricing Analysis

        12.10.2. Market Share Analysis, 2022

            12.10.2.1. By Application

    12.11. China

        12.11.1. Pricing Analysis

        12.11.2. Market Share Analysis, 2022

            12.11.2.1. By Application

    12.12. Japan

        12.12.1. Pricing Analysis

        12.12.2. Market Share Analysis, 2022

            12.12.2.1. By Application

    12.13. India

        12.13.1. Pricing Analysis

        12.13.2. Market Share Analysis, 2022

            12.13.2.1. By Application

    12.14. South Korea

        12.14.1. Pricing Analysis

        12.14.2. Market Share Analysis, 2022

            12.14.2.1. By Application

    12.15. Australia

        12.15.1. Pricing Analysis

        12.15.2. Market Share Analysis, 2022

            12.15.2.1. By Application

    12.16. South Africa

        12.16.1. Pricing Analysis

        12.16.2. Market Share Analysis, 2022

            12.16.2.1. By Application

    12.17. Saudi Arabia

        12.17.1. Pricing Analysis

        12.17.2. Market Share Analysis, 2022

            12.17.2.1. By Application

    12.18. UAE

        12.18.1. Pricing Analysis

        12.18.2. Market Share Analysis, 2022

            12.18.2.1. By Application

    12.19. Israel

        12.19.1. Pricing Analysis

        12.19.2. Market Share Analysis, 2022

            12.19.2.1. By Application

13. Market Structure Analysis

    13.1. Competition Dashboard

    13.2. Competition Benchmarking

    13.3. Market Share Analysis of Top Players

        13.3.1. By Regional

        13.3.2. By Application

14. Competition Analysis

    14.1. Competition Deep Dive

        14.1.1. Bio-chem Technology Group Company

            14.1.1.1. Overview

            14.1.1.2. Product Portfolio

            14.1.1.3. Profitability by Market Segments

            14.1.1.4. Sales Footprint

            14.1.1.5. Strategy Overview

                14.1.1.5.1. Marketing Strategy

                14.1.1.5.2. Product Strategy

                14.1.1.5.3. Channel Strategy

        14.1.2. Bachem AG

            14.1.2.1. Overview

            14.1.2.2. Product Portfolio

            14.1.2.3. Profitability by Market Segments

            14.1.2.4. Sales Footprint

            14.1.2.5. Strategy Overview

                14.1.2.5.1. Marketing Strategy

                14.1.2.5.2. Product Strategy

                14.1.2.5.3. Channel Strategy

        14.1.3. Ningxia EPPEN Bioengineering Stock Co., Ltd

            14.1.3.1. Overview

            14.1.3.2. Product Portfolio

            14.1.3.3. Profitability by Market Segments

            14.1.3.4. Sales Footprint

            14.1.3.5. Strategy Overview

                14.1.3.5.1. Marketing Strategy

                14.1.3.5.2. Product Strategy

                14.1.3.5.3. Channel Strategy

        14.1.4. Kyowa Hakko Bio Co., Ltd

            14.1.4.1. Overview

            14.1.4.2. Product Portfolio

            14.1.4.3. Profitability by Market Segments

            14.1.4.4. Sales Footprint

            14.1.4.5. Strategy Overview

                14.1.4.5.1. Marketing Strategy

                14.1.4.5.2. Product Strategy

                14.1.4.5.3. Channel Strategy

        14.1.5. Sichuan Tongsheng Amino Acid Co., Ltd

            14.1.5.1. Overview

            14.1.5.2. Product Portfolio

            14.1.5.3. Profitability by Market Segments

            14.1.5.4. Sales Footprint

            14.1.5.5. Strategy Overview

                14.1.5.5.1. Marketing Strategy

                14.1.5.5.2. Product Strategy

                14.1.5.5.3. Channel Strategy

        14.1.6. Iris Biotech GmbH

            14.1.6.1. Overview

            14.1.6.2. Product Portfolio

            14.1.6.3. Profitability by Market Segments

            14.1.6.4. Sales Footprint

            14.1.6.5. Strategy Overview

                14.1.6.5.1. Marketing Strategy

                14.1.6.5.2. Product Strategy

                14.1.6.5.3. Channel Strategy

        14.1.7. Suzhou Yuanfang Chemical Co. Ltd.

            14.1.7.1. Overview

            14.1.7.2. Product Portfolio

            14.1.7.3. Profitability by Market Segments

            14.1.7.4. Sales Footprint

            14.1.7.5. Strategy Overview

                14.1.7.5.1. Marketing Strategy

                14.1.7.5.2. Product Strategy

                14.1.7.5.3. Channel Strategy

        14.1.8. Ajinomoto Co., Inc.

            14.1.8.1. Overview

            14.1.8.2. Product Portfolio

            14.1.8.3. Profitability by Market Segments

            14.1.8.4. Sales Footprint

            14.1.8.5. Strategy Overview

                14.1.8.5.1. Marketing Strategy

                14.1.8.5.2. Product Strategy

                14.1.8.5.3. Channel Strategy

        14.1.9. Akzo Nobel N.V.

            14.1.9.1. Overview

            14.1.9.2. Product Portfolio

            14.1.9.3. Profitability by Market Segments

            14.1.9.4. Sales Footprint

            14.1.9.5. Strategy Overview

                14.1.9.5.1. Marketing Strategy

                14.1.9.5.2. Product Strategy

                14.1.9.5.3. Channel Strategy

        14.1.10. Evonik Industries AG

            14.1.10.1. Overview

            14.1.10.2. Product Portfolio

            14.1.10.3. Profitability by Market Segments

            14.1.10.4. Sales Footprint

            14.1.10.5. Strategy Overview

                14.1.10.5.1. Marketing Strategy

                14.1.10.5.2. Product Strategy

                14.1.10.5.3. Channel Strategy

15. Assumptions & Acronyms Used

16. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Billion) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Billion) Forecast by Application, 2018 to 2033

Table 4: Global Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 5: North America Market Value (US$ Billion) Forecast by Country, 2018 to 2033

Table 6: North America Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 7: North America Market Value (US$ Billion) Forecast by Application, 2018 to 2033

Table 8: North America Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 9: Latin America Market Value (US$ Billion) Forecast by Country, 2018 to 2033

Table 10: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 11: Latin America Market Value (US$ Billion) Forecast by Application, 2018 to 2033

Table 12: Latin America Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 13: Europe Market Value (US$ Billion) Forecast by Country, 2018 to 2033

Table 14: Europe Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 15: Europe Market Value (US$ Billion) Forecast by Application, 2018 to 2033

Table 16: Europe Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 17: Asia Pacific Market Value (US$ Billion) Forecast by Country, 2018 to 2033

Table 18: Asia Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 19: Asia Pacific Market Value (US$ Billion) Forecast by Application, 2018 to 2033

Table 20: Asia Pacific Market Volume (Tons) Forecast by Application, 2018 to 2033

Table 21: MEA Market Value (US$ Billion) Forecast by Country, 2018 to 2033

Table 22: MEA Market Volume (Tons) Forecast by Country, 2018 to 2033

Table 23: MEA Market Value (US$ Billion) Forecast by Application, 2018 to 2033

Table 24: MEA Market Volume (Tons) Forecast by Application, 2018 to 2033
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Billion) by Application, 2023 to 2033

Figure 2: Global Market Value (US$ Billion) by Region, 2023 to 2033

Figure 3: Global Market Value (US$ Billion) Analysis by Region, 2018 to 2033

Figure 4: Global Market Volume (Tons) Analysis by Region, 2018 to 2033

Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 7: Global Market Value (US$ Billion) Analysis by Application, 2018 to 2033

Figure 8: Global Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 9: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 10: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 11: Global Market Attractiveness by Application, 2023 to 2033

Figure 12: Global Market Attractiveness by Region, 2023 to 2033

Figure 13: North America Market Value (US$ Billion) by Application, 2023 to 2033

Figure 14: North America Market Value (US$ Billion) by Country, 2023 to 2033

Figure 15: North America Market Value (US$ Billion) Analysis by Country, 2018 to 2033

Figure 16: North America Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 17: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 18: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 19: North America Market Value (US$ Billion) Analysis by Application, 2018 to 2033

Figure 20: North America Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 21: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 22: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 23: North America Market Attractiveness by Application, 2023 to 2033

Figure 24: North America Market Attractiveness by Country, 2023 to 2033

Figure 25: Latin America Market Value (US$ Billion) by Application, 2023 to 2033

Figure 26: Latin America Market Value (US$ Billion) by Country, 2023 to 2033

Figure 27: Latin America Market Value (US$ Billion) Analysis by Country, 2018 to 2033

Figure 28: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 29: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 30: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 31: Latin America Market Value (US$ Billion) Analysis by Application, 2018 to 2033

Figure 32: Latin America Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 33: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 34: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 35: Latin America Market Attractiveness by Application, 2023 to 2033

Figure 36: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 37: Europe Market Value (US$ Billion) by Application, 2023 to 2033

Figure 38: Europe Market Value (US$ Billion) by Country, 2023 to 2033

Figure 39: Europe Market Value (US$ Billion) Analysis by Country, 2018 to 2033

Figure 40: Europe Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 41: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 42: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 43: Europe Market Value (US$ Billion) Analysis by Application, 2018 to 2033

Figure 44: Europe Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 45: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 46: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 47: Europe Market Attractiveness by Application, 2023 to 2033

Figure 48: Europe Market Attractiveness by Country, 2023 to 2033

Figure 49: Asia Pacific Market Value (US$ Billion) by Application, 2023 to 2033

Figure 50: Asia Pacific Market Value (US$ Billion) by Country, 2023 to 2033

Figure 51: Asia Pacific Market Value (US$ Billion) Analysis by Country, 2018 to 2033

Figure 52: Asia Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 53: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 54: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 55: Asia Pacific Market Value (US$ Billion) Analysis by Application, 2018 to 2033

Figure 56: Asia Pacific Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 57: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 58: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 59: Asia Pacific Market Attractiveness by Application, 2023 to 2033

Figure 60: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 61: MEA Market Value (US$ Billion) by Application, 2023 to 2033

Figure 62: MEA Market Value (US$ Billion) by Country, 2023 to 2033

Figure 63: MEA Market Value (US$ Billion) Analysis by Country, 2018 to 2033

Figure 64: MEA Market Volume (Tons) Analysis by Country, 2018 to 2033

Figure 65: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 66: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 67: MEA Market Value (US$ Billion) Analysis by Application, 2018 to 2033

Figure 68: MEA Market Volume (Tons) Analysis by Application, 2018 to 2033

Figure 69: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033

Figure 70: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033

Figure 71: MEA Market Attractiveness by Application, 2023 to 2033

Figure 72: MEA Market Attractiveness by Country, 2023 to 2033

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