Valeric Acid Market Trends

  • Report ID: 5809
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Valeric Acid Market Trends

Growth Drivers

  • Rising usage in the agriculture sector & food additives - Valeric acid widely known as pentanoic acid, valerianic acid, and prophylactic acid contributes to sustainable pest management in agriculture with the creation of insect pheromones and can also used as an ingredient before pesticides, especially pyrethroids. India has a rich arable land which makes it the second largest global producer of vegetables, fruits, rice, and pulses contributing 15%  to the Indian GDP as per a recent report, which raise demand for valeric acide.
  • Increasing demand for automobiles & valeric acid-based perfumes and plasticizers - Valeric acid has five carbon atoms in its straight chain, which is known to be entirely suitable for mixing with diesel or gasoline. Valeric acid is an organic chemical compound with the chemical formula C5H10O2 mostly used in perfumes since it tends to smell nice. Valeric acid, which can be generated through biomass conversion, can be utilized to create plasticizers, which are compounds that are added to polymers to increase their resilience and pliability. Moreover, valeric acid is also used in the manufacturing of various kinds of plastic products such as film. These applications along with increasing demand for automobiles & valeric acid-based perfumes and plasticizers are estimated to result in the valeric acid market development.
  • A rising surge for active pharmaceutical intermediate - APIs is considered as a final output to be used as a therapeutic for patients. These are the active ingredients hence named as active pharmaceutical intermediate. These provide therapeutic effects in the patient’s body being fully compound in comparison to the pharmaceutical intermediate. The pharmaceutical intermediates smoothen the synthesis of active pharmaceutical intermediates by transforming through reactions, purifications, and isolation and in the end produce the final API intermediate.

Challenges

  • Side effects of valeric acid - Humans with low valeric acid levels have been associated with a variety of illnesses, including pediatric neurodermatitis, and if ingested, it may be harmful to aquatic life and have long-lasting consequences. Inhaling Valeric Acid can have negative effects as it can also be absorbed via the skin and can cause severe skin irritation, and burning, and may cause breathing difficulties, coughing, wheezing, and/or shortness of breath by irritating the throat, nose, and lungs. These negative impacts may restrict the valeric acide market from expanding.
  • Supply chain disruptions and varying prices of raw materials can hamper the growth of the valeric acid market.
  • Strict regulatory requirements can impact the production.

Valeric Acid Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~6%

Base Year Market Size (2023)

~ USD 17 Billion

Forecast Year Market Size (2036)

~ USD 31 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse Key Market Insights with Data Illustration:


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5809
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising usage in the agriculture sector & food additives, increasing demand for automobiles & valeric acid-based perfumes and plasticizers, and a rising surge for API intermediate are the major factors driving the growth of the market.

The market size of valeric acid is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024 – 2036.

The major players in the market are LKT Laboratories, Merck KGaA, Neuchatel Chemie Specialties, Perstorp Holding AB, PETRONAS Chemicals Group, Sisco Research Laboratories Pvt. Ltd., TCI Chemicals (India) Pvt. Ltd., Vizag Chemical Yufeng International Co., Ltd, Shiseido Co., and others.

The API Intermediates segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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