The global Hydroxyisobutyric Acid market was valued at 8.21 Million USD in 2021 and will grow with a CAGR of 4.1% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Hydroxyisobutyric acid is commonly known as HIBA or Acetonic acid. Hydroxyisobutyric acid can be used for the synthesis of polymer, resins, adhesives, etc. and acts as a thickening agent in paint, or ink additive and cosmetics, emollient and skin conditioning agent in skin care and cosmetic products as well as in numerous pharmaceutical drugs. Nowadays, industries are shifting towards eco-friendly manufacturing and the renewable biomass is used for the production of many green chemicals through environment friendly processes.
In future, Hydroxyisobutyric acid may be the raw material for chemical industries, which are now dependent on petroleum. Hydroxyisobutyric acid possesses antimicrobial properties and hence, it is an important constituent in the synthesis of penicillin G salt. Hydroxyisobutyric acid is also used for the manufacturing of isochromanes, which is used in a wide variety of pharmacological activities.
Hydroxyisobutyric acid is considered as a building block of polymer synthesis. Hydroxyisobutyric acid finds its applications as a processing agent for rubber, as an oiling agent for textiles, as a flavouring agent in food industry and lubricant for plastics. Hydroxyisobutyric acid is also used as an electrolyte for detection and separation of the metal ions by on-line cyclic voltammetry.
Now, the production of polymers and other materials are mainly done from fossil feedstock i.e. petroleum-based hydrocarbons. 2-hydroxyisobutyric acid (2-HIBA) can be a substitute to these petroleum based hydrocarbons. Based on the product type, the Hydroxyisobutyric Acid is primarily split into 50% HBA Solution, 98% HBA, etc. Hydroxyisobutyric Acid market is sub-segmented into several major application, like Electronic Materials, Pharmaceuticals, etc.
By Market Verdors:
- Mitsubishi Gas Chemical
- Nippoh Chemicals
- Xinan Chem
By Types:
- 50% HBA Solution
- 98% HBA Solution
By Applications:
- Electronic Materials
- Pharmaceuticals
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
- To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the market.
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Table of content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Hydroxyisobutyric Acid Revenue
1.4 Market Analysis by Type
1.4.1 Global Hydroxyisobutyric Acid Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 50% HBA Solution
1.4.3 98% HBA Solution
1.5 Market by Application
1.5.1 Global Hydroxyisobutyric Acid Market Share by Application: 2022-2027
1.5.2 Electronic Materials
1.5.3 Pharmaceuticals
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Hydroxyisobutyric Acid Market
1.8.1 Global Hydroxyisobutyric Acid Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Hydroxyisobutyric Acid Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Hydroxyisobutyric Acid Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Hydroxyisobutyric Acid Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Hydroxyisobutyric Acid Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Hydroxyisobutyric Acid Sales Volume Market Share by Region (2016-2021)
3.2 Global Hydroxyisobutyric Acid Sales Revenue Market Share by Region (2016-2021)
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