Isobutyric Acid Market Industry Outlook, Future Trends, Insights, Quality Analysis, and Sustainable Growth Strategies for the Period of 2023-2029
๐๐ก๐ ๐ข๐ฌ๐จ๐๐ฎ๐ญ๐ฒ๐ซ๐ข๐ ๐๐๐ข๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ซ๐จ๐ฆ ๐๐๐ ๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ ๐ญ๐จ ๐๐๐ ๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐๐ญ ๐ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.๐ฅ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ + ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ โก๏ธ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7196105
๐๐ก๐ ๐ข๐ฌ๐จ๐๐ฎ๐ญ๐ฒ๐ซ๐ข๐ ๐๐๐ข๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ, ๐ฌ๐ฎ๐๐ก ๐๐ฌ OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China), Afyren (France), Lygos, Inc. (US), Dow Inc. (US), Jiangsu Dynamic Chemical Co., Ltd. (China), Weifang Qiyi Chemical Co., Ltd. (China), Yufeng International Group Co., Ltd. (China), Nanjing Chemical Material Corp. (China), FUJIFILM Wako Pure Chemical Corporation (Japan), Hubei Jusheng Technology Co., Ltd. (China), and others.
The isobutyric acid market is on the way to intense growth due to different end-uses including animal feed, food & flavor, pharmaceutical, chemical intermediate, and others.
"By type, renewable isobutyric acid is expected to be the second-larger segment during 2023 to 2028, by value."
Based on type, renewable isobutyric acid is expected to account for the second-larger market share. Renewable isobutyric acid is derived from renewable or sustainable feedstocks instead of fossil fuels. It is produced through biosynthesis of glucose or starch.There is less production of renewable isobutyric acid as compared to synthetic one due to high cost. Also, synthetic isobutyric acid is majorly manufactured due to easy availability of petroleum feedstocks used as raw materials. But with the increasing customer preference towards bio-based products, the market for renewable isobutyric acid will grow.
"By end-use, chemical intermediate is expected to be the second-largest segment during 2023 to 2028, by value."
The chemical intermediate segment is expected to account for the second-largest market share owing to its wide usage in the production of various chemicals. Chemical intermediates are substances that act as raw materials or building blocks in the production of more complicated chemicals. The factors influencing the use of isobutyric acid as a chemical intermediate aredesired properties, the target compound, and the specific requirements of the desired application.
"By region, Europeis expected to be the second-largest segment during 2023 to 2028, by value."
Europe is projected to account for the second-largest market share from 2023 to 2028. The region is home to one of the largest feed industries globally. There is a rising need for good feed additives to boost animal health and performance due to the growing consumption of meat and meat products in the region. This creates opportunity for potential use of isobutyric acid in animal feed. Also, the rising demand for processed food and growth in pharmaceutical sectors in European countries are expected to propel the demand for isobutyric acid.
Profile break-up of primary participants for the report:
By Company Type: Tier 1 - 65%, Tier 2 - 20%, and Tier 3 - 15%
By Designation: C-level Executives - 25%, Directors - 30%, and Others - 45%
By Region: North America - 20%, Europe - 15%, Asia Pacific - 55%, Middle East & Africa - 3%, South America - 7%
โก๏ธ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=7196105
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report defines, segments, and projects the size of the isobutyric acid market based on type, end-use, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as mergers, investments, acquisitions, expansions, partnerships, contracts, agreements, and joint ventures undertaken by them in the market.
๐๐๐๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
The report is expected to help the market leaders/new entrants in the market by providing them with the closest approximations of revenue numbers of the isobutyric acid market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
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