The new report by Expert Market Research titled, ‘Global 2-Methylbutanoic Acid Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Global 2-Methylbutanoic Acid Market, assessing the market based on its segments like type, application, sales channel, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
• Forecast CAGR (2022-2027): 5.60%
Market Overview (2017-2027)
The growing expansion of several end-use industries of 2-methylbutanoic acid, such as essence, pharmaceutical, and food and beverage, among others, is driving the market for 2-methylbutanoic acid in Asia Pacific. Due to rising living standards, increased purchasing power, and increased rivalry and aggressive marketing by large deodorant manufacturers, the essence sector in countries like India and China is expected to rise significantly over the forecast period. Furthermore, the region’s growing urbanisation and infrastructure modernisation are expected to boost demand for construction materials, which is expected to boost demand for 2-methylbutanoic acid. As a result, such factors are likely to boost industry growth over the predicted period.
Industry Definition and Major Segments
2-methylbutanoic acid, also known as 2-methylbutyric acid, is a methyl butyric acid that consists of a butyric acid core with a 2-methyl substituent. When bacteria are naturally starved, they create this chemical from the amino acid leucine. It is used in a variety of industries, including food & beverage, construction, and others.
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On the basis of type, the market is segmented into:
• 99% 2-Methylbutanoic Acid
• 98% 2-Methylbutanoic Acid
• Others
On the basis of application, the market is divided into:
• Food Ingredients
• Essence
On the basis of sales channel, the market is categorized as:
• Manufacturer/Distributor/Service Provider
• Aftermarket
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia
• Latin America
• Middle East and Africa
Market Trends
As 2-methylbutanoic acid is used as a food additive and ingredient, it is a critical component in the food sector, boosting market growth. Because of its fruity, ubiquitous, and cheesy characteristics, 2-methylbutanoic acid is widely utilised in processed foods. The substance is also present in butter, cream, cheese, and other dairy products. As a result, the market is expected to develop due to the enormous growth achieved by the food industry and the growing popularity of dairy products. Furthermore, 2-methylbutanoic acid is advantageous for patients undergoing haemodialysis, which is expected to boost market growth throughout the forecast period.
Key Market Players
The major players in the market are Ube Industries, Ltd., Chemwill Asia Co, Ltd., Dayang chem (Hangzhou) Co., Ltd., Best Value Chem Pvt Ltd., Yancheng Hongtai Bioengineering Co., Ltd., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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