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The market for valeric acid is being driven by the growing demand from the end use industries such as cosmetics and flavours and perfumes. The flourishing food and beverage industry is also aiding the market growth as some of the esters of valeric acid have a fruity odour, which can be used as a food additive. The product is also being used in agricultural chemicals, which is expected to aid the market growth over the forecast period. However, the market may be hindered by the use of alternatives like butyric acid as butyric acid has similar properties.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global valeric acid market is being aided by the growing cosmetics market, which is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The major drivers of the industry, such as rising demand from the end use industries, growing cosmetics and food and beverage industries, and growing use of agrochemicals, are expected to aid the market growth.
The key market trend guiding the growth of the industry includes the growing R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are API intermediates, flavours and perfumes, agricultural chemical, plasticiser, and food additives, among others.
The major players in the industry are Dow Chemical Company, Perstorp Group, Otto Chemie Pvt. Ltd., and Yufeng International Co., Ltd, among others.
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