Global Niacin (Vitamin B3) Market Forecast-2024
Posted by Sonika on February 6th, 2019
Bharat Book Bureau Provides the Trending Market Research Report on “Global Niacin (Vitamin B3) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024”under Life Sciences Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Niacin (Vitamin B3) Market 2019
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.
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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.
The worldwide market for Niacin (Vitamin B3) is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Market Segment by Regions, regional analysis covers
Market Segment by Type, covers
Market Segment by Applications, can be divided into
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About the AuthorSonika
Joined: January 22nd, 2019
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