PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615928
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615928
Isobutyric Acid Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Isobutyric Acid Market was valued at USD 185.4 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2032. Industrial-grade isobutyric acid is highly sought after due to its versatility and cost-effectiveness, making it ideal for various applications, including solvents, plasticizers, and intermediates in the production of pharmaceuticals and agrochemicals. Its high purity levels contribute to its effectiveness in industrial operations, while its compatibility with diverse materials makes it attractive to manufacturers looking for dependable chemical solutions. The large-scale production and ready availability of industrial-grade isobutyric acid further enhance its adoption across multiple sectors, reinforcing its strong market presence. The market is categorized based on grade into industrial and reagent grades.
In 2023, industrial-grade isobutyric acid dominated the market with a value of USD 132.2 million and is expected to grow to USD 244 million by 2032. This segment's popularity stems from its extensive applications in various industries, including pharmaceuticals, agrochemicals, and plastics. The consistent high purity and reliability of industrial-grade isobutyric acid make it suitable for diverse manufacturing processes, allowing companies to maintain product quality while optimizing production costs. Additionally, the isobutyric acid market is segmented by type into synthetic and renewable isobutyric acid. The pharmaceuticals and nutraceuticals segment accounted for 87% of the market share in 2023, with expectations for significant growth by 2032. Synthetic isobutyric acid holds a dominant position due to its efficient production methods and consistent quality.
These manufacturing techniques enable large-scale output, ensuring a reliable supply to meet the demands of various industries. Moreover, synthetic isobutyric acid often features higher purity levels, which are crucial for applications in the pharmaceutical sector and food additives. In 2023, the Asia Pacific region led the global isobutyric acid market, generating revenues of USD 67.2 million. The rapid pace of industrialization and the rising demand for chemical intermediates across sectors have fueled this growth.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $185.4 Million |
| Forecast Value | $341.1 Million |
| CAGR | 7.3% |
The presence of established manufacturing hubs, particularly in countries with robust industrial infrastructures, facilitates large-scale production and distribution of isobutyric acid. Furthermore, the region's expanding food and beverage sector, along with increasing agricultural activities, heightens the need for various additives and preservatives.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Middle East and Africa
- 3.3.4.5 Latin America
- 3.4 Regulations & market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Grade, 2021-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Industrial grade
- 5.3 Reagent grade
Chapter 6 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2 Synthetic isobutyric acid
- 6.3 Renewable isobutyric acid
Chapter 7 Market Size and Forecast, By End-Use, 2021-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 Chemical intermediate
- 7.3 Food & flavor
- 7.4 Animal feed
- 7.5 Pharmaceutical
- 7.6 Others
Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 AFYREN
- 9.2 Central Drug House
- 9.3 Eastman Chemical Company
- 9.4 Evonik
- 9.5 Glentham Life Sciences Limited
- 9.6 Jiangsu Dynamic Chemical Co., Ltd.
- 9.7 Nanjing Chemical Material Corp.
- 9.8 OQ Chemicals GmbH
- 9.9 Tokyo Chemical Industry (India) Pvt. Ltd.
- 9.10 Yufeng International Group Co., Ltd.
