Valeric Acid Market size is poised to reach USD 31 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of Valeric Acid was USD 17 Billion. The reason behind the growth is impelled by the growing production of chemicals across the globe.
Except for pharmaceuticals, global chemical production is predicted to increase since chemicals are becoming more and more necessary as components of many products and as raw materials for manufacturing processes as economies expand. For instance, in 2023, it is anticipated that global chemical production will increase by more than 1%.
The growing demand for synthetic lubricants is believed to fuel the market growth. In applications such as aviation and refrigeration, valeric acid serves as a chemical intermediary in esters for synthetic lubricants since can help with the emission reduction of things including aviation turbine oils.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~6% |
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Base Year Market Size (2023) |
~ USD 17 Billion |
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Forecast Year Market Size (2036) |
~ USD 31 Billion |
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Regional Scope |
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Application (API Intermediates, Flavors & Perfumes, Agricultural Chemical, Plasticizer, Food Additives, Synthetic Lubricant)
The API Intermediates segment in the valeric acid market is estimated to gain a robust revenue share of 40% in the coming years. This is owing to the growing need for API intermediates. APIs are renowned for having intricate chemical structures, distinct medicinal properties, and well-defined compositions, which are created by the processing of chemical compounds. Bulk process intermediates (BPIs) are the active ingredients found in biological drugs that help to achieve the required chemical structure, purity, and potency through controlled changes, which are essential to the synthesis of APIs. Intermediates are chemical compounds that are converted from raw materials to active pharmaceutical ingredients (APIs). The production of numerous kinds of active pharmaceutical ingredients (APIs) in large quantities frequently uses pharmaceutical intermediates which also help in the development of new pharmaceutical goods through research and development. Additionally, valeric acid is a high-purity carboxylic acid that is utilized as a raw material in the manufacturing of APIs, or active pharmaceutical ingredients. In India, APIs contribute 35% to the pharmaceutical sector. The rising demand for API is expected to raise the revenue of market in the upcoming years.
End-Use (Pharmaceutical, Cosmetics, Food & Beverage, Chemical, Automotive, Agriculture)
The pharmaceutical segment in the valeric acid market is set to garner a notable share shortly. The pharmaceutical industry also frequently uses valeric acid as it has been demonstrated to have an impact on the development and course of Alzheimer's disease (AD), can also modify brain function, and is frequently coupled with specific steroid medications. Moreover, valeric acid is made from the valerian plant which is applied to lessen tension and encourage relaxation, used to treat headaches, intestinal problems, and sleeplessness, can strengthen the immune system, lower the risk of heart disease, enhance cognitive performance, aid in improving digestion, lowering the risk of type 2 diabetes, and lowering the risk of several cancers.
In addition, the main application of valeric acid in industry is the manufacture of its esters which is mostly utilized in cosmetics.
Our in-depth analysis of the global valeric acid market includes the following segments:
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Application |
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End-Use |
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Type |
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Asia Pacific Market Forecast
The valeric acid market in the Asia Pacific is predicted to account for the largest share of 45% by 2036. This growth is impelled by the increasing personal disposable income. Greater disposable money translates into a higher standard of life, which presents numerous potentials for beauty businesses looking to expand their market share in India. Particularly, by 2027, India's household expenditure will surpass USD 2 trillion owing to a compound annual growth in disposable income of 14%.
In addition, India's agricultural industry has been expanding rapidly, and the country has seen notable progress in agricultural output in the past few decades. Further, the use of valeric acid in the treatment of epilepsy is widely approached since the disease is spreading at a very fast pace. These progressive advances in a variety of sectors are responsible for the surge of valeric acid market’s demand.
North American Market Statistics
The North America Valeric Acid market is estimated to be the second largest, during the forecast timeframe led by the rising funding in healthcare. This may increase investment in the research and development of new drugs, leading to a higher demand for valeric acid. According to estimates, the United States will spend more than USD 5 trillion on healthcare by 2028, making up over 15% of the country's GDP. Continuous research and developments in the pharmaceutical sector are helping to learn the wide application of valeric acid.
Author Credits: Smruti Ranjan, Rajrani Baghel
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