Global Isobutyric Acid Market Insights Forecasts to 2033

• The Global Isobutyric Acid Market Size was Estimated at USD 180.5 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 7.04% from 2023 to 2033
• The Worldwide Isobutyric Acid Market Size is Expected to Reach USD 356.5 Million by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Isobutyric Acid Market Size is projected to reach USD 356.5 Million by 2033, growing at a CAGR of 7.04% from 2023 to 2033. The versatile application of isobutyric acid as a raw material in the manufacturing of fragrances, flavors, and different chemicals such as paints, plastics, and coatings is driving the market growth for isobutyric acid.

Market Overview

The isobutyric acid market refers to the commercial exchange of isobutyric acid, which is a short-chain fatty acid with a distinct odor, used in diverse industries such as food and flavoring, pharmaceuticals, animal feed, chemicals, and agriculture. Because butyric acid is an organic molecule with a carboxylic acid functional group, the market for isobutyric acid is driven by the growing need for environmentally friendly products. It is appropriate for inclusion in polymer manufacturing processes due to its distinct chemical structure and characteristics. Isobutyric acid is a potential bio-based substitute for compounds derived from petroleum since it may be made from renewable feedstocks. Government laws and regulations that promote sustainability and the utilization of renewable resources are promoting the use of bio-based chemicals. Incentives, research and development, and renewable energy programs promote the discovery and production of bio-based molecules like isobutyric acid, creating a market opportunity for isobutyric acid.

Report Coverage

This research report categorizes the isobutyric acid market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the isobutyric acid market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the isobutyric acid market.

Driving Factors

The versatile application of isobutyric acid across diverse sectors such as pharmaceuticals and agricultural chemicals sectors is driving the isobutyric acid market. Further, the growing emphasis on sustainable and bio-based chemicals is significantly contributing to driving the market as isobutyric acid is derived from renewable resources.

Restraining Factors

The increasing environmental concerns and strict regulations on the production and disposal of chemical compounds are challenging the isobutyric acid market.

Market Segmentation

The global isobutyric acid market share is classified into type and end use.

• The synthetic isobutyric acid segment dominated the market with a revenue share of 79.5% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the isobutyric acid market is classified into synthetic isobutyric acid and renewable isobutyric acid. Among these, the synthetic isobutyric acid segment dominated the market with a revenue share of 79.5% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Agricultural intermediates, food and flavorings, chemical intermediates, protective coatings, pharmaceutical compounds, and fragrance additives are some of the uses of synthetic isobutyric acid. The high purity, consistent quality, and reliable supply are driving the market in the synthetic segment.

• The pharmaceuticals segment accounted for the largest revenue share of 37.4% in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end use, the isobutyric acid market is classified into animal feed, chemical intermediates, food and flavors, pharmaceuticals, and others. Among these, the pharmaceuticals segment accounted for the largest revenue share of 37.4% in 2023 and is expected to grow at a significant CAGR during the forecast period. As a crucial chemical intermediary in the production of different active pharmaceutical ingredients (APIs), isobutyric acid is mostly utilized in pharmaceuticals as a building block to produce more complex pharmacological molecules.

Regional Segment Analysis of the Isobutyric Acid Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the isobutyric acid market over the predicted timeframe.

North America is anticipated to hold the largest share of the isobutyric acid market over the predicted timeframe. The robust growth in the pharmaceutical, food, and chemical industries, along with the region’s well-established industrial infrastructure, is responsible for driving the isobutyric acid market. Further, the ever-increasing need for animal feed and flavors is expected to propel the market for isobutyric acid.

Asia Pacific is expected to grow at the fastest CAGR growth of the isobutyric acid market during the forecast period. The key users of isobutyric acid such as chemical and pharmaceutical sectors are contributing to drive the isobutyric acid market. Additionally, the growing middle class and consumers' increased disposable incomes are expected to increase demand for premium food and personal hygiene goods in developing countries like China and India contributing to driving the market for isobutyric acid.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the isobutyric acid market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• OQ Chemicals GmbH
• Eastman Chemical Company
• Tokyo Chemical Industry (India) Pvt. Ltd.
• Snowco
• Evonik
• AFYREN
• Nanjing Chemical Material Corp.
• Yufeng International Group Co., Ltd.
• Jiangsu Dynamic Chemical Co., Ltd.
• Glentham Life Sciences Limited
• Central Drug House
• Shanghai Aladdin Biochemical Technology Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, the global chemical company OQ Chemicals further expanded its production capacity for carboxylic acids. The company has invested in an optimization and debottlenecking project for precursors at its plants in Germany.

• In January 2023, AFYREN, a greentech company that offers manufacturers bio-based, low-carbon ingredients produced using unique fermentation technology based on a completely circular model, and Mitr Phol, a Thai company that is a leading producer of cane sugar and its derivatives, announced the signature of a Letter Agreement for the purpose of establishing a biorefinery in Thailand.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the isobutyric acid market based on the below-mentioned segments:

Global Isobutyric Acid Market, By Type

• Synthetic Isobutyric acid
• Renewable Isobutyric Acid

Global Isobutyric Acid Market, By End Use

• Animal Feed
• Chemical Intermediates
• Food and Flavors
• Pharmaceuticals
• Others

Global Isobutyric 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 and Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East and Africa