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, the global isobutyric acid market is segmented in to 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
The global isobutyric acid market is set to grow at the robust CAGR owing to increasing demand in the food and flavors, animal feed applications. :
Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Isobutyric Acid Market.
Market Segmentation
The global isobutyric acid market has been segmented on the basis 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.
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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.
Regional Analysis
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. 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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Key Market Opportunities:
Increasing research and development investment regarding use of isobutyric acid in different application industry may offer new opportunities
Key Market Drivers:
growing use of it in applications such as food and flavors, perfumes because of its pleasant smell and sweat test.
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Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
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These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
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The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
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Animal feed applications majorly drive the global market.
