Market Synopsis
Isobutyric acid is a short chain fatty acid or carboxylic characteristic compound with sweat test and pleasant smell. Isobutyric acid has high solubility in ethanol, ether and organic solvents however it is slightly soluble in water. There are several routs for manufacturing of isobutyric acid such as it can be prepared by oxidation of isobutyraldehyde. It can also be prepared by koch reaction which involves high pressure hydrocarboxylation from propylene. At commercial scale, isobutyric acid can also be made by means of engineered bacteria using a sugar feedstock
The global Isobutyric Acid market is expected to grow at healthy CAGR during forecast period of 2018-2023. One of the factors that drive the global Isobutyric Acid market is growing use of it in applications such as food and flavors, perfumes because of its pleasant smell and sweat test. Another factor that drives the isobutyric acid market is growing use of it as an ingredient in animal feed and manufacturing of chemical intermediates. However, some side effects of iso-butyric acid such as it can affect people if breathed in and may be absorbed through the skin may restrain the market to some extent. Moreover, increasing health issues of the people and rising pharmaceutical industry, offers potential opportunity for isobutyric acid manufacturers, as it is use for manufacturing of medicines. Additionally, increasing research and development investment regarding use of isobutyric acid in different application industry may offer new opportunities for isobutyric acid market in the coming years.
Looking at the increasing demand companies such as Oxea and DeNora China have announced the increase in capacity of the isobutyric acid in the year 2017.
Global Isobutyric Acid Market Share, by Application, 2017 (%)
Source: MRFR analysis
Regional Analysis
Latin America, the Middle East & Africa, Asia-Pacific, North America and Europe are the five regions studied for the global isobutyric acid market. Asia-Pacific is projected to be the largest and fastest growing region in the global Isobutyric Acid market during the forecast period. Growing use of Isobutyric Acid as solvent in industries such as animal feed, perfumes, food and flavors are expected to increase its market in the region. Additionally, isobutyric acid is mostly used as a raw material for manufacturing of chemical intermediates such as varnishes, solvents, disinfectants, specialty chemicals, polymers and plastics are expected to fuel its demand in the region
Europe accounted for second largest market share in global market due to growing food industry and increasing use of the isobutyric acid as a sweetener in the food products. Germany accounted for largest market share of 24.2% in Europe followed by Russia of 18.2% in 2018. North America accounted for third largest market share of 19.8%. North American, isobutyric acid market is manly dominated by US. Rising consumer spending on health, growing pharmaceuticals industry is expected to boost its demand in the country during the forecast period.
The market in the Middle East and African region are projected to witness a positive growth during the forecast period on account of improvement of conditions of industries after the political and economic downfall in 2015.
Market Segmentation
The global isobutyric acid market has been segmented on the basis of application, and region.
Based on application, the global isobutyric acid market has been segregated into animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes and others.
The global isobutyric acid market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Key Players
Some of the key players in the global Isobutyric Acid market are Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc. (China), Perstorp Holding AB(Germany), OXEA GmbH (Germany), Blue Marble Biomaterials(U.S.), Tokyo Chemical Industry Co. Ltd.(Japan), Snowco industrial Co., Ltd. (China), Eastman Chemical Company(U.S.) and others
Intended Audience