Isobutyric Acid Market Expands with Strong CAGR: Insights and Forecast

Posted by Jack Martin on June 6th, 2023

The isobutyric acid market is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. Isobutyric acid is a branched fatty acid and has the appearance of a colorless liquid with a faint unpleasant butter odor. It can be manufactured synthetically with petroleum-based feedstocks as raw materials or through the biosynthesis of glucose/ starch. 

Companies such as OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China) fall under the winners’ category. These are leading players in the isobutyric acid market, globally. These players have adopted the strategies of mergers, investments, acquisitions, expansions, partnerships, contracts, agreements, and joint ventures to increase their market shares.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262525625 

OQ Chemicals GmbH

OQ Chemicals is a German-based manufacturer of oxo performance chemicals and oxo intermediates, comprising more than 70 products, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. One of the biggest end markets for oxo chemicals is the coatings business. The company offers products for a variety of industrial sectors including personal care, flexible packaging, lubricants and functional fluids, and paints & coatings. It has manufacturing facilities at six locations namely Bishop, Bay City, Amsterdam, Marl, Oberhausen, and Nanjing. The company has a strong focus on strategic developments such as mergers and expansions.

Eastman Chemical Company

Eastman Chemical Company is a multinational specialty chemical firm that creates a wide variety of innovative materials, functional additives, specialty chemicals, and fibers which are used in everyday products. The company has strategically located manufacturing centers in the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America which further strengthens its customer base and revenue generation capacity. Eastman Chemical Company has a strong focus on sustainability and aims at implementing several initiatives to reduce their environmental footprint. The company emphasizes development of sustainable products and processes, waste reduction, and resource conservation.