The Global Isobutyric Acid Market Size is valued at 176.5 million in 2022 and is predicted to reach 385.5 million by the year 2031 at a 9.21% CAGR during the forecast period for 2023-2031.
The carboxylic acid isobutyric acid, commonly known as 2-methyl propanoic acid, has the formula C4H8O2. It is an odorless, flammable liquid with a strong stench. Its name contains the "iso" prefix, which denotes the existence of a branched carbon chain.
Isobutyric acid is a versatile substance that has various uses in various industries, including flavorings and fragrances, medicines, and safety features for gas systems. In the short to medium term, strategic investments in research and development (R&D) and technological developments targeted at enhancing product lines will be the primary elements propelling the growth of the isobutyric acid market. Moreover, customizing items to satisfy particular application requirements rather than improving product features is an emerging trend.
Isobutyric acid is widely used in many sectors of the economy, including agriculture, dyes, pigments, paints, food flavors and perfumes, herbicides, pharmaceutical ingredients, protective coatings, and other chemicals connected to food. Additionally, the market is tremendously expanding due to the rising demand for is butyric acid, driven by its diverse uses. Businesses should embrace digitally connected processes, put operational efficiency first, look into various supplier sources, and concentrate on efficient cost management to capitalize on this trend. By utilizing these tactics, they can develop advantageous possibilities in the isobutyric acid industry.
Competitive Landscape:
Some of the Isobutyric Acid market players are:
- OQ ChemicalsGmbH (Germany)
- Eastman Chemical Company (US)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- Snowco (China)
- Shanghai Aladdin Biochemical Technology Co.,Ltd. (China)
- Afyren (France)
- Lygos, Inc. (US)
- Dow Inc. (US
- Jiangsu Dynamic Chemical Co., Ltd. (China)
- Weifang Qiyi Chemical Co., Ltd. (China)
- Yufeng International Group Co., Ltd. (China)
- Nanjing Chemical Material Corp.(China)
- FUJIFILM Wako Pure Chemical Corporation (Japan)
- Hubei JushengTechnology Co., Ltd. (China)
- Others
Market Segmentation:
The isobutyric Acid market is segmented based on grade, purity, type and end users. Based on grade, the isobutyric Acid market is segmented as reagent grade and industrial Grade. Based on type, the isobutyric Acid market is segmented as less than 98% and more than 98%. Based on purity, the market is segmented as synthetic isobutyric acid and renewable isobutyric acid. By end users, the isobutyric acid market is segmented into animal feed, chemical intermediate, food and flavors, and pharmaceuticals.
Based On End Users, The Animal Feed Segment Is A Major Contributor To The Isobutyric Acid Market
The animal feed category will hold a major share of the global Isobutyric Acid market 2022. The beneficial effects of isobutyric acid on feed effectiveness and growth performance motivate its use in animal feed. Several variables, including diet composition, animal species, and local laws, influence the incorporation of isobutyric acid in animal feed. To emphasize the potential benefits of isobutyric acid in animal nutrition, researchers are actively involved in research and development efforts, supporting the expansion of this particular market segment.
The Synthetic Isobutyric Acid Segment Witnessed Growth At A Rapid Rate
The synthetic isobutyric acid segment is projected to grow rapidly in the global Isobutyric Acid market. The production of synthetic isobutyric acid involves chemically synthesizing isobutyraldehyde, which is obtained as a byproduct from the hydroformylation process of propylene. Synthetic manufacturing methods offer a cost-effective means of producing isobutyric acid compared to deriving it from renewable sources. As a result, the cost-effective nature of synthetic isobutyric acid is expected to drive its demand in the market.
The North America Isobutyric Acid market holds a significant revenue share in the region
The North America Isobutyric Acid market is expected to register the highest market share. The rising demand for a variety of consumer goods, such as personal care items, food and beverages, and pharmaceuticals, all of which require isobutyric acid for diverse reasons, is driven by the growing population, urbanization, and disposable income in this region. Another element influencing the need for isobutyric acid is the area's expanding agriculture sector, which prioritizes producing animal feed and animals.
In addition, the Asia Pacific region is anticipated to grow rapidly in the global Isobutyric Acid market, known for its booming agricultural sector, developing industrialization, and burgeoning chemical industry, all of which help drive up demand for isobutyric acid. Manufacturing facilities for products including chemicals, tastes and perfumes, medications, and animal feed—four important markets for isobutyric acid—are widely distributed in these nations.
Isobutyric Acid Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 176.5 Mn |
|
Revenue Forecast In 2031 |
USD 385.5 Mn |
|
Growth Rate CAGR |
CAGR of 9.21 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
Grade, Purity, Type And End Users |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
OQ ChemicalsGmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowcap (China), Shanghai Aladdin Biochemical Technology Co.,Ltd. (China), Ayren (France), Lygos, Inc. (US), Dow Inc. (US), Jiangsu Dynamic Chemical Co., Ltd. (China), Weifang Qiyas Chemical Co., Ltd. (China),Lufeng International Group Co., Ltd. (China),Nanjing Chemical Material Corp.(China), FUJIFILM Wako Pure Chemical Corporation (Japan), Hubei JushengTechnology Co., Ltd. (China) |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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