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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Valeric Acid Market Share
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.
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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