Niacin (Vitamin B3) MarketReport 2019 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
This report studies the global Niacin (Vitamin B3) Market analyses and researches the Niacin (Vitamin B3) development status and forecast in the United States, EU, Japan, China, India, and Southeast Asia. This report focuses on the top players in the global market.
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Niacin, also known as nicotinic acid, is an organic compound and is, depending on the definition used, one of the 20 to 80 essential human nutrients. Together with nicotinamide it makes up the group known as vitamin B3 complex. It has the formula C6H5NO2 and belongs to the group of the pyridinecarboxylic acids.In 2017, the global Niacin market is led by China, capturing about 46.69% of global Niacin production. India is the second-largest region-wise market with 22.66% global production share.Lonza is the world leader, holding 46.38% production market share in 2017. Lonza’s main markets are China and Europe. Vertellus is the only producer in the United States. At present, Vertellus Europe’s production capacity has been transferred to China. In 2014, Lonza built a new 15,000 production line in China. At the same time, Lonza shut down the oldest production line (5000 ton production line in 1995) due to environmental stress.China was the largest consumption market for Niacin, with volume exceeding 23186 MT in 2017. In addition, Asia Pacific is also expected to witness fastest growth.In application, Niacin downstream is wide and recently Niacin has acquired increasing significance in various fields of Feed Additives, Pharmaceuticals and Cosmetics and Food and Beverage. Globally, the Niacin market is mainly driven by growing demand for Feed Additives which accounts for nearly 77.65% of total downstream consumption of Niacin in global. In type, Niacin can be divided into feed grade and Pharmaceutical Grade. Feed grade is the largest type, holding about 93.29% share.TheGlobal Niacin (Vitamin B3) market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size ofThe Niacin (Vitamin B3) market based on company, product type, end user and key regions.
With tables and figures helping analyze worldwide Global Niacin (Vitamin B3) market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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List of Major Niacin (Vitamin B3) marketcompetition by top manufacturers, with production, price, and revenue (value) and market share for each manufactures: –
The report also focuses on global major leading industry players of Global Niacin (Vitamin B3) market providing information such as company profiles, product picture, and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out. The Global Niacin (Vitamin B3) market development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
By theproduct type, the market is primarily split into:
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By theend users/application,this report covers the following segments:
The study objectives of this report are:
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