The Isobutyraldehyde Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Isobutyraldehyde Global Market Report 2024, The isobutyraldehyde market size has grown strongly in recent years. It will grow from $1.91 billion in 2023 to $2.02 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to chemical intermediates production, growing demand in the automotive industry, adhesives and sealants manufacturing, rubber chemicals manufacturing, paints and coatings industry demand.
The isobutyraldehyde market size is expected to see steady growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to increasing focus on bio-based chemicals, growth in renewable energy sector, advancements in the automotive fuel additives market, expansion of the adhesives and sealants market, rise in consumer demand for specialty flavors and fragrances. Major trends in the forecast period include innovations in paints and coatings formulations, increasing demand in pharmaceuticals, rising demand in agrochemicals, focus on bio-based production, technological advancements in production processes.
The growth in the consumption of fertilizers is expected to propel the growth of the isobutyraldehyde market going forward. Fertilizers refer to chemical compounds applied to plants to enhance their development by supplying necessary nutrients. These substances boost the plant’s yield. Isobutyraldehyde is utilized in the production of fertilizers and pest control products. Isobutyraldehyde, in its liquid form, combined with the solid compound urea, acts as an uncoated nitrogen provider in fertilizers, gradually delivering essential nutrients to plants. For instance, in 2021, according to data from The World Bank Group, a US-based international organization providing loans to developing countries, the fertilizer consumption in Ireland was 130.1 kilograms per hectare of arable land in 2020, which increased to 139 kilograms per hectare of arable land in 2021. Therefore, the growth in consumption of fertilizers is driving the isobutyraldehyde market.
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The isobutyraldehyde market covered in this report is segmented –
1) By Type: Food Grade, Pharma Grade, Industrial Grade, Other Types
2) By Form: Powder, Liquid, Other Forms
3) By Synthesis Method: Hydroformylation Of Propene, Oxidation Of Isobutane
4) By Application: Chemical Intermediates, Pharmaceuticals, Food And Fragrances, Fertilizers, Lubricants, Other Applications
Top Major Players:
Pfizer Inc
F. Hoffmann-La Roche Ltd.
Merck and Co. Inc.
AbbVie Inc
Bayer AG
North America was the largest region in the kernicterus treatment market in 2023.
Major companies operating in the isobutyraldehyde market are using advanced technology, such as LP Oxo Technology, to enhance production. LP Oxo Technology is a low-pressure hydroformylation process that uses rhodium-catalyzed hydroformylation of an olefin with syngas (CO and H2) followed by hydrogenation of the intermediate aldehyde to produce alcohols from olefins. For instance, in September 2022, Johnson Matthey, a UK-based specialty chemicals company, and Dow Inc., a US-based materials science company, licensed LP Oxo Technology to Anqing Shuguang Petrochemical Oxo Co. Ltd. The LP Oxo Technology is a process that primarily involves the use of propylene and synthesis gas, a blend of hydrogen and carbon monoxide, to generate normal isobutyraldehyde. This technology will help Anqing Shuguang Petrochemical Oxo Co. Ltd. in expanding its oxo business in the growing oxo alcohol market and will produce approximately 200 kta 2-ethylhexanol and 25 kta iso-butyraldehyde.
The isobutyraldehyde market report table of contents includes:
1. Executive Summary
2. Isobutyraldehyde Market Characteristics
3. Isobutyraldehyde Market Trends And Strategies
4. Isobutyraldehyde Market – Macro Economic Scenario
5. Global Isobutyraldehyde Market Size and Growth
….
32. Global Isobutyraldehyde Market Competitive Benchmarking
33. Global Isobutyraldehyde Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Isobutyraldehyde Market
35.Isobutyraldehyde Market Future Outlook and Potential Analysis
36. Appendix
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