Market Overview:
Isobutyric acid is a colorless and medium boiling liquid. Generally, the esters of Isobutyric Acid are used as solvents for various types of end use applications wherein characteristics such as flavor and odour plays an are important. The potassium salt of Isobutyric Acid is effective as a solubility promoter in the caustic extraction of mercaptans from sour petroleum stocks.
Based on Application, Global Isobutyric Acid Market is segmented into animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes and others. Food and flavors segment accounted for largest market share in the global market. The use of Isobutyric Acid as a sweetner and flavoring agent is expected to boost its demand in the segment in near future.
Moreover, properties of Isobutyric Acid such as it is high solubility in ethanol, ether and organic solvents are expected to increase its demand in applications such as chemical intermediate and pharmaceuticals.
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Competitive Analysis:
Leading 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.
Market Segmentation:
Global Isobutyric Acid Market has been segmented on the basis application and region.
Based on Application, Global Isobutyric Acid Market has been segregated into animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes and others.
Global Isobutyric Acid Market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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Regional Analysis:
Global Isobutyric Acid Market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a highest CAGR owing to the increasing demand of Isobutyric Acid in the animal feed, chemical intermediate, food and flavors, pharmaceuticals and perfumes applications. North America is expected to witness significant growth during the forest period. This is mainly due to the growing demand for the product as a chemical intermediate for manufacturing of products such as varnishes, solvents, disinfectants, specialty chemicals, polymers and plastics.
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