H1 2023: Iso Butyric Acid’s largest consumer was the Asia Pacific region in H1 2023. However, the prices of Iso Butyric Acid were full of ups and downs in Asia during the first half of 2023. Iso butyric acid prices fell precipitously in January 2023 as a result of low feedstock prices and less demand from downstream sectors. Because of the steady demand-supply ratio, the price of iso butyric acid did not fluctuate in February. The Iso Butyric Acid’s demand increased in March 2023, which had an effect on pricing. April onwards, the price of iso-butyric acid in the Asia turned into a bullish price trend. Due to a force majeure event that affected Luxi Chemicals in May 2023, the supply dynamics in China were upset. The product experienced a rise in demand from both Chinese and Asian markets as the production rate of the major production units were slow in China. The producers were compelled to adjust the product's price due to low stockpiles and restricted supply in the area. A shift in the dynamics of supply and demand created a huge demand in the market, which raised prices in Asia Pacific region. There was a high demand for iso butyric acid from the downstream pharmaceutical and agriculture intermediate industries in the Asian nations till the end of H1 2023.
The global Iso Butyric Acid market stood at approximately 145 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.2% during the forecast period until 2032.
Iso Butyric Acid is an isomer of n-butyric acid. It is categorized as a short-chain fatty acid in the context of fatty acids. It is employed in the pharmaceutical industry as a solvent for medication formulations as well as an intermediate in the manufacturing of active pharmaceutical ingredients (APIs). Iso Butyric acid is used as a flavouring additive in confections, baked goods, and beverages by the food and beverage industry. A few examples of foods that use Iso Butyric acid as a flavouring are cheese, butter, and meat. It is also used as a feed addition in animal nutrition, raising the nutritional content and palatability of animal feed. Furthermore, there are many other applications and uses for Iso Butyric acid, including herbicides - an intermediate, food chemicals, pharmaceutical chemicals, protective coatings, food flavours and fragrances, dyes, pigments, and paints. Iso Butyric acid is used in the pharmaceutical industry to make a variety of medications. Iso Butyric acid is the basis for the nonsteroidal anti-inflammatory drug (NSAID) ibuprofen, which is used to treat inflammation, fever, and pain. The growing need drugs is expected to fuel the Iso Butyric acid market's growth.
Numerous pharmacological products, including anticonvulsants, antibiotics, and anti-inflammatory medications, are fabricated using Iso Butyric acid. Iso Butyric acid demand is being driven by the increasing need for these medications. The Growing use in animal feed is also a contributing factor to Iso Butyric acid market expansion. Animal feed uses Iso Butyric acid as a feed ingredient and growth stimulant. Iso Butyric acid demand is being driven by the rising need for animal feed. Furthermore, Iso Butyric acid is used as a solvent in the production of coatings, polymers, and resins. The growing demand for these applications is expected to fuel the Iso Butyric acid market's expansion in the upcoming years. The global Iso Butyric Acid market is anticipated to reach roughly 220 thousand tonnes by 2032.
Based on region, Asia Pacific region is the largest consumer of Iso Butyric Acid. Over the course of the forecast period, Asia Pacific is anticipated to dominate the Iso Butyric acid market. Numerous factors, including the increased need for medicines, industrialization, and economic growth, are driving the iso butyric market. In addition, a number of end-use sectors, including food and beverage, pharmaceutical, cosmetic, flavour, and fragrance, are becoming more popular. The increasing usage of iso butyric acid in medications and food additives in developing nations like India and China are likely to propel the global Iso Butyric Acid market expansion. China, and India are also anticipated to support the growth of the iso butyric acid market's animal feed sector. Furthermore, because of the growing need for iso butyric acid as a flavouring ingredient in the food industry, the food and flavour segment of the iso butyric acid market is expanding at a high CAGR.
Based on the end-user industry, the global Iso Butyric Acid market is divided into Pharmaceuticals, Animal Feed, Chemical Intermediate, Food & Flavours, and Others. Although, Pharmaceuticals is the major segment and held approximately 40% of the global Iso Butyric Acid market in 2022. Isobutyric acid is used in animal feed because of its positive effects on growth performance and feed effectiveness.
Major players in the Global Iso Butyric Acid market are Eastman Chemical Company, OQ Chemicals GmbH, Aladdin Biochemical Technology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Snowco,, Afyren, Lygos, Inc., Dow Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Iso Butyric Acid which covers production, demand and supply of Iso Butyric Acid market in the globe.
• To analyse and forecast the market size of Iso Butyric Acid
• To classify and forecast Global Iso Butyric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Iso Butyric Acid market in the globe.
To extract data for Global Iso Butyric Acid market, primary research surveys were conducted with Iso Butyric Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Iso Butyric Acid market over the coming years.
ChemAnalyst calculated Iso Butyric Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Iso Butyric Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Iso Butyric Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Iso Butyric Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Iso Butyric Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Iso Butyric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
145 thousand tonnes
Market size Volume in 2032
220 thousand tonnes
Growth Rate
CAGR of 4.2% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Pharmaceuticals, Animal Feed, Chemical Intermediate, Food & Flavours, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Iso Butyric Acid in terms of volume in 2022?
Ans:
The global market size of Iso Butyric Acid had reached approximately 145 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Iso Butyric Acid?
Ans:
Asia Pacific region is the leading consumer of Iso Butyric Acid globally.
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