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The global market for isobutyric acid was worth USD 0.18 billion in 2022 and is expected to reach USD 0.29 billion by 2030, expanding at a CAGR of 9.9% from 2023 to 2030.
Isobutyric acid's rising popularity stems from the many fields in which it finds use. It is utilised as a solvent for medication formulations and as an intermediary in the manufacture of active pharmaceutical ingredients (APIs) in the pharmaceutical industry. Isobutyric acid is used as a flavouring agent in foods and drinks such baked goods, beverages, and confections. It's also used as a feed addition to make animal food more palatable and increase its nutritional content. The global market for isobutyric acid has grown thanks to rising acceptance of the substance across a variety of industries and improvements in production methods. Since many chemical products are produced in Asia Pacific countries like China and India, this region has become a major market for isobutyric acid. Increases in industrialization, the breadth of the market's applications, and the sophistication of its manufacturing techniques all point to the market's continued expansion in the years ahead. Raw material price volatility and stricter environmental restrictions are two examples of the risks that could slow the market's expansion. Manufacturers, suppliers, and investors alike can all benefit from the world market.
Classification According to Subtype
Synthetic isobutyric acid represents the largest market share in the global isobutyric acid industry. Due to its low price and abundance, synthetic isobutyric acid has found widespread application in many fields. Chemical synthesis techniques utilising petrochemical-based raw materials are the main means of production. The widespread manufacture of esters, medicines, flavours, and animal feed additives has contributed to synthetic isobutyric acid's commanding market share.
Renewable isobutyric acid is the fastest-growing subset of the worldwide isobutyric acid market. Using bio-based techniques, isobutyric acid can be produced indefinitely from renewable feedstocks like biomass or agricultural leftovers. The rising priority placed on sustainability and environmental concerns is fueling rapid expansion in this market. The use of renewable isobutyric acid has many benefits, including less pollution and use of nonrenewable energy sources. This trend is gaining popularity as businesses seek out greener alternatives to conventional products like plastics, fuels, and chemicals. Demand for renewable and bio-based solutions has been on the rise, and this trend is projected to significantly boost the renewable isobutyric acid market in the coming years.
Evaluation Through Use
The chemical intermediate market represents the largest share of the worldwide isobutyric acid market. The chemical and compound industries rely heavily on isobutyric acid as a vital raw ingredient. It is a key chemical intermediary in the production of esters, solvents, resins, and plasticizers due to its versatility and reactivity. Pharmaceuticals, agrochemicals, flavours, fragrances, and polymers all employ isobutyric acid, which has led to a large share of the market being held by chemical intermediates.
The food and flavours sector is the fastest-growing sector of the global isobutyric acid market. Since isobutyric acid has a noticeable odour and flavour, it is frequently used as a flavouring ingredient in the food and drink industry. It improves the taste of many things, from sweets to baked goods to drinks to savoury nibbles. The food and flavours segment of the isobutyric acid market is expanding rapidly due to rising consumer demand for novel and enticing food experiences and the development of the global food industry. New flavour combinations and technological improvements in the food industry are also contributing to the sector's optimistic outlook for future expansion.
Drivers
Flavouring agents are in high demand in the food and drink industry.
The rising need for flavouring agents in the food and beverage industry is a major factor propelling the global isobutyric acid market. Many foods employ isobutyric acid as a flavouring ingredient to improve existing flavours or introduce new ones. Isobutyric acid is in high demand because of rising global food production and rising consumer interest in a variety of flavours.
Restraints
Raw material price fluctuations
Raw material price volatility is a major factor holding back the worldwide isobutyric acid market. Because of its need on petrochemical-based feedstocks for its manufacture, the price of isobutyric acid can be affected by shifts in the cost of these feedstocks. Raw material price fluctuations create difficulties for producers in terms of cost management and pricing strategies, which may have an impact on market expansion and profitability.
Important Developments in the Market
Demand for bio-based alternatives and a greater emphasis on sustainability. Sustainability and the quest for bio-based alternatives are two major market trends in the worldwide isobutyric acid market. There is a greater push to lessen our impact on the planet by using greener practises and producing less waste. This development has spurred a switch to the manufacturing and application of isobutyric acid made from renewable resources. In line with the market trend towards greener alternatives, businesses are investing in R&D of bio-based processes and technology to address the rising need for sustainable chemicals.
Report Coverage
Global Isobutyric Acid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Isobutyric Acid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Isobutyric Acid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Isobutyric Acid market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Isobutyric Acid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Isobutyric Acid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
OQ Chemicals GmbH (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 Jusheng Technology Co., Ltd. (China), BASF SE (Germany), Perstorp Holding AB (Sweden), Sasol Ltd. (South Africa), Chemos GmbH & Co. KG (Germany), ISCA UK Ltd. (United Kingdom), Zhengzhou Yibang Industry Co., Ltd. (China)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Isobutyric Acid market based on the below-mentioned segments:
Global Isobutyric Acid Market, By Type
Synthetic
renewable
Global Isobutyric Acid market, By Application
Animal feed
chemical intermediate
food and flavours
pharmaceuticals
perfumes and others
Global Isobutyric Acid market, Regional Analysis
Isobutyric acid's rising popularity stems from the many fields in which it finds use. It is utilised as a solvent for medication formulations and as an intermediary in the manufacture of active pharmaceutical ingredients (APIs) in the pharmaceutical industry. Isobutyric acid is used as a flavouring agent in foods and drinks such baked goods, beverages, and confections. It's also used as a feed addition to make animal food more palatable and increase its nutritional content. The global market for isobutyric acid has grown thanks to rising acceptance of the substance across a variety of industries and improvements in production methods. Since many chemical products are produced in Asia Pacific countries like China and India, this region has become a major market for isobutyric acid. Increases in industrialization, the breadth of the market's applications, and the sophistication of its manufacturing techniques all point to the market's continued expansion in the years ahead. Raw material price volatility and stricter environmental restrictions are two examples of the risks that could slow the market's expansion. Manufacturers, suppliers, and investors alike can all benefit from the world market.
Classification According to Subtype
Synthetic isobutyric acid represents the largest market share in the global isobutyric acid industry. Due to its low price and abundance, synthetic isobutyric acid has found widespread application in many fields. Chemical synthesis techniques utilising petrochemical-based raw materials are the main means of production. The widespread manufacture of esters, medicines, flavours, and animal feed additives has contributed to synthetic isobutyric acid's commanding market share.
Renewable isobutyric acid is the fastest-growing subset of the worldwide isobutyric acid market. Using bio-based techniques, isobutyric acid can be produced indefinitely from renewable feedstocks like biomass or agricultural leftovers. The rising priority placed on sustainability and environmental concerns is fueling rapid expansion in this market. The use of renewable isobutyric acid has many benefits, including less pollution and use of nonrenewable energy sources. This trend is gaining popularity as businesses seek out greener alternatives to conventional products like plastics, fuels, and chemicals. Demand for renewable and bio-based solutions has been on the rise, and this trend is projected to significantly boost the renewable isobutyric acid market in the coming years.
Evaluation Through Use
The chemical intermediate market represents the largest share of the worldwide isobutyric acid market. The chemical and compound industries rely heavily on isobutyric acid as a vital raw ingredient. It is a key chemical intermediary in the production of esters, solvents, resins, and plasticizers due to its versatility and reactivity. Pharmaceuticals, agrochemicals, flavours, fragrances, and polymers all employ isobutyric acid, which has led to a large share of the market being held by chemical intermediates.
The food and flavours sector is the fastest-growing sector of the global isobutyric acid market. Since isobutyric acid has a noticeable odour and flavour, it is frequently used as a flavouring ingredient in the food and drink industry. It improves the taste of many things, from sweets to baked goods to drinks to savoury nibbles. The food and flavours segment of the isobutyric acid market is expanding rapidly due to rising consumer demand for novel and enticing food experiences and the development of the global food industry. New flavour combinations and technological improvements in the food industry are also contributing to the sector's optimistic outlook for future expansion.
Drivers
Flavouring agents are in high demand in the food and drink industry.
The rising need for flavouring agents in the food and beverage industry is a major factor propelling the global isobutyric acid market. Many foods employ isobutyric acid as a flavouring ingredient to improve existing flavours or introduce new ones. Isobutyric acid is in high demand because of rising global food production and rising consumer interest in a variety of flavours.
Restraints
Raw material price fluctuations
Raw material price volatility is a major factor holding back the worldwide isobutyric acid market. Because of its need on petrochemical-based feedstocks for its manufacture, the price of isobutyric acid can be affected by shifts in the cost of these feedstocks. Raw material price fluctuations create difficulties for producers in terms of cost management and pricing strategies, which may have an impact on market expansion and profitability.
Important Developments in the Market
Demand for bio-based alternatives and a greater emphasis on sustainability. Sustainability and the quest for bio-based alternatives are two major market trends in the worldwide isobutyric acid market. There is a greater push to lessen our impact on the planet by using greener practises and producing less waste. This development has spurred a switch to the manufacturing and application of isobutyric acid made from renewable resources. In line with the market trend towards greener alternatives, businesses are investing in R&D of bio-based processes and technology to address the rising need for sustainable chemicals.
Report Coverage
Global Isobutyric Acid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Isobutyric Acid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Isobutyric Acid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Isobutyric Acid market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | OQ Chemicals GmbH (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 Jusheng Technology Co., Ltd. (China), BASF SE (Germany), Perstorp Holding AB (Sweden), Sasol Ltd. (South Africa), Chemos GmbH & Co. KG (Germany), ISCA UK Ltd. (United Kingdom), Zhengzhou Yibang Industry Co., Ltd. (China) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Isobutyric Acid Market from 2021 to 2030.
- Market Forecast for Isobutyric Acid Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Isobutyric Acid competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Isobutyric Acid
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Isobutyric Acid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Isobutyric Acid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
OQ Chemicals GmbH (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 Jusheng Technology Co., Ltd. (China), BASF SE (Germany), Perstorp Holding AB (Sweden), Sasol Ltd. (South Africa), Chemos GmbH & Co. KG (Germany), ISCA UK Ltd. (United Kingdom), Zhengzhou Yibang Industry Co., Ltd. (China)
Primary Target Market
- Market Players of Isobutyric Acid
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Isobutyric Acid market based on the below-mentioned segments:
Global Isobutyric Acid Market, By Type
Synthetic
renewable
Global Isobutyric Acid market, By Application
Animal feed
chemical intermediate
food and flavours
pharmaceuticals
perfumes and others
Global Isobutyric Acid market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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