Isobutyric Acid Market Size, Share & Trends Analysis Report By Type (Synthetic Isobutyric Acid, Renewable Isobutyric Acid), By End Use (Animal Feed, Chemical Intermediates), By Region, And Segment Forecasts, 2024 - 2030

Isobutyric Acid Market Size, Share & Trends Analysis Report By Type (Synthetic Isobutyric Acid, Renewable Isobutyric Acid), By End Use (Animal Feed, Chemical Intermediates), By Region, And Segment Forecasts, 2024 - 2030

Isobutyric Acid Market Size & Trends

The global isobutyric acid market size was estimated at USD 182.4 million in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030. This growth is attributed to its versatile applications across various industries. It is an important raw material in the manufacturing of fragrances, flavors, and various chemicals, including paints, plastics, and coatings. Moreover, its role as an intermediate in the synthesis of pharmaceuticals and agricultural chemicals is further expected to drive its demand over the coming years. The rising focus on sustainable and bio-based chemicals is also contributing to the growth, as isobutyric acid can be derived from renewable resources.

The market for isobutyric acid is likely to be hampered by rising environmental concerns and stringent regulations regarding the production and disposal of chemical compounds pose significant challenges, as they may increase manufacturing costs and limit operational flexibility. Moreover, the volatility of raw material prices also has an impact on the profit margins and market stability.

In addition, the competition from alternative chemicals and substitutes, which also provide similar properties at lower costs or with lesser environmental impacts, can also detract from the demand for isobutyric acid. Moreover, economic uncertainties and market fluctuations in various end use industries, including automotive and construction, can also negatively impact the growth and adoption of the product in these sectors.

Major players in the market are opting for various strategies to gain market share. They are highly investing in research and development to innovate and improve manufacturing processes, trying to enhance product quality and cost-efficiency. These players are also increasing their production capacities and geographical presence to meet the rising global demand.

Global Isobutyric Acid Market Report Segmentation

This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global isobutyric acid market on the basis of type, end use, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)
• Synthetic Isobutyric Acid
• Renewable Isobutyric Acid
• End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Animal Feed
• Chemical Intermediates
• Food & Flavors
• Pharmaceuticals
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa

Please note The report will be delivered in 2-3 business days upon order notification.