MRFR

  Malonic acid, also known as propanedioic acid, is a dicarboxylic acid with the molecular formula C₃H₄O₄. It is primarily used as a building block in the chemical industry due to its reactive nature, making it a versatile material for a wide range of industrial applications. The malonic acid market has experienced steady growth due to its diverse applications, including its use in pharmaceuticals, agrochemicals, adhesives, and food additives. This article explores the key factors influencing the growth of the  malonic acid market , its major applications, and future trends. Key Drivers of the Malonic Acid Market Pharmaceutical Industry Demand The pharmaceutical industry is a significant driver of the malonic acid market. Malonic acid is a key intermediate in the production of barbiturates, an essential class of sedative-hypnotic drugs. It is also used in the synthesis of various active pharmaceutical ingredients (APIs). The growing demand for pharmaceutical products, driven b...