Global Valeric Acid Market Size To Worth USD 356.75 Million By 2033 | CAGR of 7.16%
Category: Chemicals & MaterialsGlobal Valeric Acid Market Size To Worth USD 356.75 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Valeric Acid Market Size is Expected to Grow from USD 178.62 Million in 2023 to USD 356.75 Million By 2033, at a CAGR of 7.16% during the Forecast period 2023-2033.
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Browse key industry insights spread across 250 pages with 115 Market data tables and figures & charts from the report on the "Global Valeric Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Synthetic Valeric Acid and Natural Valeric Acid), By Application (Food and Beverages, Pharmaceuticals, Personal Care, Animal Feed, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/valeric-acid-market
Valeric acid is a chemical molecule with the molecular formula C5H10O2. The commercial sector that manufactures, distributes, and uses this chemical is known as the "valeric acid market." Valeric acid, a type of carboxylic acid found in some plants, is used in many industrial processes, including the manufacturing of plasticizers, pharmaceuticals, and agrochemicals, as well as the development of esters for flavourings and fragrances. The market is primarily driven by the expanding end-uses of valeric acid, which include flavouring compounds, lubricants, biofuel, bioplastics, chemical intermediates, and food and feed additives. The pharmaceutical industry's increasing acceptance and use of valeric acid is one of the main factors driving the market's growth. The market for valeric acid is expanding as a result of rising customer demand for these additions due to their increased desire for flavoured foods and beverages. However, high production costs, regulatory obstacles, environmental concerns, and a shortage of raw materials are some of the factors restricting the valeric acid market.
The synthetic valeric acid segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product type, the valeric acid market is classified into synthetic valeric acid and natural valeric acid. Among these, the synthetic valeric acid segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. In light of its consistent quality and affordability, synthetic valeric acid is primarily utilized in industrial settings. It is made by catalytically oxidizing valeraldehyde, which comes from the petrochemical process.
The food and beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the valeric acid market is divided into food and beverages, pharmaceuticals, personal care, animal feed, and others. Among these, the food and beverages segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The use of valeric acid is expected to grow even more as the food and beverage sector expands globally due to rising population and consumption rates.
Asia Pacific is estimated to hold the largest share of the valeric acid market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the valeric acid market over the forecast period. The presence of the most populous countries in the world increases the need for energy responsible for market growth. The strategic focus on improving chemical production capabilities and the expanding use of valeric acid in a variety of industrial applications define the Asia Pacific region.
North America is predicted to grow at the fastest CAGR growth in the valeric acid market over the forecast period. The market is driven by the region's stringent regulations and focuses on ecologically friendly chemical processes for both synthetic and natural valeric acid.
Major key players in the valeric acid market are Axxence Aromatic GmbH, OXEA GmbH, Perstorp Holding AB, Vigon International, Inc., Solvay S.A., BASF SE, Eastman Chemical Company, Tokyo Chemical Industry Co., Ltd., Dow Chemical Company, Evonik Industries AG, Penta Manufacturing Company, Arkema Group, Celanese Corporation, Kalpsutra Chemicals Pvt. Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2023, Perstorp launched new grades of carboxylic acid with 100% renewable content, traceable mass balanced content, and the lowest product carbon footprint available. In Perstorp's pursuit of Finite Material Neutrality, the two products, 2-Ethylhexanoic Acid Pro 100 and Valeric Acid Pro 100, represent the latest development.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the valeric acid market based on the below-mentioned segments:
Global Valeric Acid Market, By Product Type
- Synthetic Valeric Acid
- Natural Valeric Acid
Global Valeric Acid Market, By Application
- Food and Beverages
- Pharmaceuticals
- Personal Care
- Animal Feed
- Others
Global Valeric Acid Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- 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 the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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