Isobutyric acid, also known as 2-methylpropanoic acid, is a carboxylic acid with the molecular formula CH&#;CHCH&#;COOH. It is classified as a short-chain fatty acid due to its relatively small carbon chain. The compound is characterized by a branched structure, with a methyl group (CH&#;) attached to the second carbon in the chain.
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Isobutyric acid is a branched fatty acid and has the appearance of a colorless liquid with a faint unpleasant butter odor. It can be manufactured synthetically with petroleum-based feedstocks as raw materials or through the biosynthesis of glucose/ starch.
The isobutyric acid market is projected to grow from USD 180 million in to USD 269 million by , at a CAGR of 8.3% from to .
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Based on type, the synthetic isobutyric acid segment is projected to grow at a faster rate, in terms of value. Synthetic isobutyric acid is derived from petroleum feedstocks. The growth of this segment can be attributed to the easy availability of raw materials and low cost of production.
Based on end-use, the pharmaceutical segment is anticipated to grow at a significantly higher rate, in terms of value. Isobutyric acid can be utilized as a building block for the synthesis of different pharma intermediates. It is generally applicable as a raw material in the manufacturing of active pharmaceutical ingredients (APIs) or precursor compounds. This is further expected to boost the demand of this segment.
Based on region, Asia Pacific is projected to be the fastest-growing market for isobutyric acid during to , in terms of value. China is one of the largest markets in the region, aided with large production of isobutyric acid carried out in the country. It also exports isobutyric acid to other countries as per the demand for different end-uses including pharmaceuticals or chemical intermediates. This will further drive the Asia Pacific market during the forecast period.
OQ Chemicals GmbH
OQ Chemicals is a German-based manufacturer of oxo performance chemicals and oxo intermediates, comprising more than 70 products, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. One of the biggest end markets for oxo chemicals is the coatings business. The company offers products for a variety of industrial sectors including personal care, flexible packaging, lubricants and functional fluids, and paints & coatings. It has manufacturing facilities at six locations namely Bishop, Bay City, Amsterdam, Marl, Oberhausen, and Nanjing. The company has a strong focus on strategic developments such as mergers and expansions.
Eastman Chemical Company
Eastman Chemical Company is a multinational specialty chemical firm that creates a wide variety of innovative materials, functional additives, specialty chemicals, and fibers which are used in everyday products. The company has strategically located manufacturing centers in the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America which further strengthens its customer base and revenue generation capacity. Eastman Chemical Company has a strong focus on sustainability and aims at implementing several initiatives to reduce their environmental footprint. The company emphasizes development of sustainable products and processes, waste reduction, and resource conservation.
Tokyo Chemical Industry Co., Ltd
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Tokyo Chemical Industry Co., Ltd. is a leading manufacturer of specialty chemicals. TCI offers an wide range of over 30,000 products, including analytical reagents, biochemicals, organic and inorganic chemicals, and pharmaceutical ingredients. The company has manufacturing facilities in Japan and the US. TCI caters to different industries including research institutions, pharmaceuticals, electronics, biotechnology, and academia. They are known for providing high-quality chemicals and reagents to meet the needs of scientists, researchers, and professionals in the field. The company has established its geographical reach in Europe, Asia Pacific, and North America. It also has a distribution center in India.
Snowco
Snowco is a Chinese-based provider of natural flavoring ingredients for the food & beverage, cosmetic, and personal care industries. The company has manufacturing facilities in China. It is also present in Hangzhou, Hong Kong, and London. It has a strong focus on natural flavoring ingredients for personal care, food & beverages, and cosmetic industries. The company has a presence in China, which is a major market in the Asia Pacific isobutyric acid market. It offers isobutyric acid products applicable for the flavor & fragrance industry.
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Shanghai Aladdin Biochemical Technology Co., Ltd.
Shanghai Aladdin Biochemical Technology Co., Ltd. is a chemical company based in Shanghai, China.. The company operates a 64,000 square metre R&D and production facility, in Shanghai. Additionally, it operates cutting-edge logistics warehouses in East China, North China, South China, and Southwest China. The company has established nearly 10,000 different high-purity reagent analysis method systems, including chromatography, pesticide residue, gas chromatography, and cell biology, among others.
Recent Developments
Browse 197 market data Tables and 47 Figures spread through 184 Pages and in-depth TOC on "Isobutyric Acid Market by Type (Synthetic, Renewable), End-Use (Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceuticals), and Region (Asia Pacific, Europe, North America, Rest of the World) - Global Forecast to "
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