Global 2-Methylbutanoic Acid Market Report and Forecast 2024-2032

Global 2-Methylbutanoic Acid Market Outlook

The global 2-methylbutanoic acid market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5.6%.

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The 98% 2-Methylbutanoic Acid Segment Holds a Significant Share in the Global 2-Methylbutanoic Acid Industry

The 98% 2-methylbutanoic acid segment, based on type, accounts for a significant share in the market and is estimated to witness a steady growth in the forecast period. 98% 2-methylbutanoic acid is a crucial additive in food products, such as butter, cream, and cheese flavour, among others, thereby bolstering the market growth. As the chemical is highly soluble in organic solvents such as chloroform and methanol, its demand is surging and aiding the industry’s expansion. Over the forecast period, the rising utilisation of chloroform in building, paper and board, pesticide and film production and the rubber industry is likely to propel the market growth.

The Asia Pacific Accounts for a Significant Share in the Market for 2-Methylbutanoic Acid

The market for 2-methylbutanoic acid in the Asia Pacific is being driven by the growing expansion of the various end-use industries of 2-methylbutanoic acid, such as essence, pharmaceutical, and food and beverage, among others. The essence sector in countries like India and China is likely to witness a significant growth in the forecast period owing to the rising standards of living, increasing purchasing power, and the growing competition and aggressive promotion by major deodorant manufacturing companies. Furthermore, the rapid urbanisation and modernisation of the infrastructure in the region are likely to propel the demand for construction materials, which is projected to increase the demand for 2-methylbutanoic acid. Hence, such factors are expected to invigorate the industry growth in the forecast period.

2-Methylbutanoic Acid: Market Segmentation

2-methylbutanoic acid, variously known as 2-methylbutyric acid, is defined as a compound that comes under the category of methylbutyric acid and comprises of butyric acid core carrying a 2-methyl substituent. This compound is produced from amino acid leucine at the time of natural starvation of bacteria. It finds applications in major industries like food and beverages and construction, among others.

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Based on type, the market can be segmented into:

• 99% 2-Methylbutanoic Acid
• 98% 2-Methylbutanoic Acid
• Others

The major applications of 2-methylbutanoic acid in the market include:

• Food Ingredients
• Essence

The segmentation of market, on the basis of sales channel, includes:

• Manufacturer/Distributor/Service Provider
• Aftermarket

The EMR report looks into the regional markets of 2-methylbutanoic acid like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Applications of 2-Methylbutanoic Acid in the Food Industry to Boost the Market Growth

As 2-methylbutanoic acid is utilised as an ingredient and food additive, it is a crucial compound in the food industry, hence augmenting the market growth. 2-methylbutanoic acid is an excellent flavouring agent owing to its fruity, pervasive, and cheesy, properties, due to which it is extensively used in processed food. The chemical is also a crucial ingredient in butter, cream, cheese, and other dairy products. Hence, the significant growth attained by the food industry and the growing popularity of dairy products is likely to drive the market growth. Moreover, 2-methylbutanoic acid is beneficial for patients undergoing haemodialysis, which is anticipated to provide impetus to the growth of the market in the forecast period.

Key Industry Players in the Global 2-Methylbutanoic Acid Market

The report gives a detailed analysis of the following key players in the global 2-methylbutanoic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ube Industries, Ltd.
• Chemwill Asia Co, Ltd.
• Dayang chem (Hangzhou) Co., Ltd.
• Best Value Chem Pvt Ltd.
• Yancheng Hongtai Bioengineering Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report