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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Valeric Acid Market Outlook
The global valeric acid market is being driven by the growth of the cosmetics market, which is expected to grow at a CAGR of 5.30% in the forecast period of 2024-2032.
| Global Valeric Acid Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.30% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.9% |
| CAGR 2024-2032 - Market by Country | India | 6.9% |
| CAGR 2024-2032 - Market by Country | Brazil | 6.3% |
| CAGR 2024-2032 - Market by Application | Flavours and Perfumes | 5.9% |
| Market Share by Country 2023 | Canada | 3.1% |
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The Asia Pacific Region to Hold a Significant Market Share in the Valeric Acid Industry, Owing to the Rising Demand from the Food and Cosmetics Industries
Region-wise, the Asia Pacific region is expected to represent a large share of the market of valeric acid globally, with China holding a major share in demand. North America is also expected to account for a major share in the valeric acid industry. This can be attributed to the constant demand from the food and cosmetics industries. Further, Europe has witnessed an increase in the demand for valeric acid during the recent years. The laboratory, research, and development work has also witnessed a spurt in the consumption of valeric acid. In addition, the manufacturers are focusing on the extension of application areas for the product and identifying its use in various niche applications. Regions, such as the Middle East and Africa and Latin America, are expected to hold small shares in terms of volume consumption.
| 2023 Market Share by | Country |
| Canada | 3.1% |
| USA | XX% |
| UK | XX% |
Valeric Acid: Market Segmentation
Valeric acid, variously known as pentanoic acid, refers to a transparent, oily fluid with an unpleasant odour, which must be handled with care owing to its highly corrosive nature. It acts as an intermediate for the manufacturing of flavours and perfumes and agricultural chemicals like synthetic lubricants, pesticides, and pharmaceuticals.
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On the basis of application, the market is divided into:
- API Intermediates
- Flavours and Perfumes
- Agricultural Chemical
- Plasticiser
- Food Additives
- Others
| CAGR 2024-2032 - Market by | Application |
| Flavours and Perfumes | 5.9% |
| Food Additives | 5.7% |
| API Intermediates | 5.4% |
| Agricultural Chemical | XX% |
| Plasticiser | XX% |
| Others | XX% |
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.9% |
| Middle East and Africa | 5.7% |
| North America | XX% |
| Europe | XX% |
| Latin America | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand from the End Use Industries to Aid the Market Growth of Valeric Acid
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.
Key Industry Players in the Global Valeric Acid Market
The report gives a detailed analysis of the following key players in the global valeric acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dow Chemical Company
- Perstorp Group
- Otto Chemie Pvt. Ltd.
- Yufeng International 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.
| CAGR 2024-2032 - Market by | Country |
| India | 6.9% |
| Brazil | 6.3% |
| China | 6.1% |
| Mexico | 5.3% |
| UK | 4.9% |
| USA | 4.8% |
| Canada | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Valeric Acid Market Report Snapshots
*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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Key Questions Answered in the Report
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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