길초산 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)

The future of the global valeric acid market looks promising with opportunities in the chemical, automotive & industrial, food & beverage, and pharmaceutical markets. The global valeric acid market is expected to grow with a CAGR of 8.4% from 2025 to 2031. The major drivers for this market are the increasing demand for biofuels, the expanding use in pharmaceuticals, and the growing awareness of sustainable products.

• Lucintel forecasts that, within the product type category, synthetic valeric acid is expected to witness higher growth over the forecast period.
• Within the end use category, pharmaceutical is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.

Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.

Emerging Trends in the Valeric Acid Market

Emerging trends in the valeric acid market underscore a pivot towards environmentally conscious production and the exploration of diverse, high-value applications. These trends are critical for the market's long-term sustainability and its ability to capitalize on growing demands in various sectors.

• Shift to Bio-based Production: There is a growing trend towards producing valeric acid from renewable resources like biomass through advanced fermentation processes. This is driven by environmental concerns, the desire for sustainable chemicals, and efforts to reduce reliance on petrochemicals, aligning with global green initiatives.
• Growing Demand in Biofuels: Valeric acid esters are increasingly being explored and adopted as biofuel additives. This trend is fueled by stringent environmental regulations promoting renewable energy sources and the automotive sector's demand for cleaner energy, aiming to enhance fuel performance and reduce emissions.
• Expansion in Pharmaceutical Applications: Recent research highlights valeric acid's potential as a histone deacetylase (HDAC) inhibitor for liver cancer treatment and its use in other complex drug formulations. This trend is driven by the growing pharmaceutical industry's need for versatile chemical building blocks.
• Increased Use in Biodegradable Plasticizers: Valerate esters, derived from valeric acid, are gaining traction in the production of biodegradable plasticizers. This trend is driven by the global push for environmentally friendly alternatives to petroleum-based plastics, particularly in packaging and consumer goods.
• Enhanced Role in Flavors & Fragrances: Valeric acid and its esters are key precursors for creating sweet, floral, and fruity aromas. The growing consumer demand for natural and sophisticated flavors and fragrances in food, beverages, and personal care products is fueling this trend.

These trends are significantly reshaping the valeric acid market by promoting sustainable production methods and diversifying its application portfolio into high-growth, high-value sectors like pharmaceuticals and biofuels. This transformation is positioning valeric acid as a crucial chemical for a more sustainable and performance-driven future.

Recent Developments in the Valeric Acid Market

Recent developments in the valeric acid market are primarily shaped by advancements in production technologies, a strong emphasis on sustainability, and the discovery of new, high-value applications. These developments are enhancing the market's growth trajectory and expanding its utility across diverse industries.

• Advancements in Fermentation Technology: Significant progress has been made in developing efficient fermentation processes for producing bio-based valeric acid from organic waste and renewable feedstocks. This development is crucial for more sustainable and cost-effective production, reducing reliance on traditional synthetic methods.
• Price Adjustments by Key Producers: Major players like Perstorp Oxo AB have announced global price increases for valeric acid effective January 1, 2025. This development indicates a potential shift in market dynamics, reflecting changes in raw material costs, demand, or strategic pricing by leading manufacturers.
• Research into Novel Therapeutic Uses: Recent studies, such as those published in Molecular Therapy Oncolytics, are exploring valeric acid's potential as a histone deacetylase (HDAC) inhibitor for liver cancer treatment. This development opens up entirely new, high-value avenues in the pharmaceutical sector.
• Development of Bio-refinery Pathways: A one-step procedure using a bimetallic Ni-Co/H-ZSM-5 catalyst to convert levulinic acid to valeric acid has been reported. This development offers bio-refineries a sustainable and efficient way to produce valeric acid from biomass-derived compounds.
• Launch of Renewable Content Grades: Companies like Perstorp have introduced new grades of carboxylic acid, including valeric acid, with 100% renewable content and lower product carbon footprints. This development caters to the increasing demand for sustainable and traceable chemical products.

These developments are significantly impacting the valeric acid market by fostering sustainable production, expanding its high-value applications, and influencing its pricing and supply chain dynamics. They are collectively contributing to a more technologically advanced and environmentally conscious market.

Strategic Growth Opportunities in the Valeric Acid Market

Strategic growth opportunities in the valeric acid market are diverse and largely driven by its versatile properties and increasing utility across various sectors. These opportunities are linked to the global push for sustainability, enhanced performance materials, and advancements in healthcare and consumer goods.

• Pharmaceutical Intermediates: Valeric acid is a critical intermediate in the synthesis of various active pharmaceutical ingredients (APIs), including valproic acid. The continuous growth and innovation in the global pharmaceutical industry, particularly for neurological and cancer treatments, offer a major growth opportunity.
• Flavors and Fragrances: As a precursor to valerate esters, valeric acid is essential for creating fruity and sweet aromas in the flavors and fragrances industry. Growing consumer demand for diverse and natural flavors in food, beverages, and perfumes presents a significant growth avenue.
• Biofuels and Bio-based Chemicals: The increasing adoption of valeric acid derivatives as biofuel additives and its role in the production of other bio-based chemicals. This opportunity is driven by stringent environmental regulations and the global shift towards renewable energy sources and sustainable chemicals.
• Biodegradable Plasticizers: Valeric acid is used to produce biodegradable plasticizers, which enhance the flexibility and durability of polymers. This application offers substantial growth as industries seek greener alternatives to conventional petroleum-based plastics to meet environmental mandates.
• Lubricants and Esters: Valeric acid's use as a chemical intermediate in the production of esters for synthetic lubricants. This presents a growth opportunity in industries requiring high-performance lubricants, such as aviation and refrigeration, driven by the need for emission reduction and improved efficiency.

These strategic growth opportunities are profoundly impacting the valeric acid market by diversifying its application base and reinforcing its value proposition as a versatile chemical intermediate. They are fostering innovation in sustainable production and product development, ensuring valeric acid's continued expansion in high-growth industries.

Valeric Acid Market Driver and Challenges

The valeric acid market is influenced by a complex interplay of major drivers and challenges, encompassing technological advancements, economic dynamics, and regulatory factors. Drivers propel its growth in established and emerging applications, while challenges necessitate continuous innovation and adaptation for sustainable market expansion.

The factors responsible for driving the valeric acid market include:

1. Increasing Demand for Biofuels: The global push for renewable energy sources and cleaner fuels is driving the demand for valeric acid as a potential precursor and additive in biofuel production. This aligns with environmental regulations and the automotive industry's pursuit of lower emissions.

2. Growth in Pharmaceutical Applications: Valeric acid's increasing use as an intermediate in drug synthesis, particularly for neurological disorders and emerging cancer treatments. This demand is fueled by the continuous expansion and research activities within the pharmaceutical sector.

3. Expanding Flavors and Fragrances Market: The rising consumer preference for natural and sophisticated flavors in food, beverages, and fragrances directly boosts the demand for valeric acid and its derivatives. Its unique fruity and sweet notes are highly valued in these industries.

4. Demand for Biodegradable Products: Growing environmental awareness and regulations are increasing the need for biodegradable plasticizers and other sustainable materials. Valeric acid's role in producing these eco-friendly alternatives is a significant market driver.

5. Advancements in Production Technologies: Innovations in biotechnological and chemical synthesis methods are making valeric acid production more efficient, cost-effective, and sustainable. These technological advancements enhance its market competitiveness and availability.

Challenges in the valeric acid market are:

1. High Production Costs: The manufacture of valeric acid, especially through biotechnological routes, can be associated with higher production costs compared to conventional petrochemical alternatives. This limits its competitiveness in price-sensitive applications.

2. Limited Feedstock Availability: The availability of sustainable feedstocks required for bio-based valeric acid synthesis can be limited or subject to seasonal fluctuations. This poses supply chain challenges and can impact market growth and stability.

3. Volatility in Raw Material Prices: Valeric acid production, whether synthetic or bio-based, is influenced by the fluctuating prices of its raw materials. This volatility can lead to unpredictability in production costs and profitability for manufacturers.

The overall impact of these drivers and challenges on the valeric acid market is a dynamic push towards innovation and sustainability. While strong demand from key industries ensures market growth, the necessity to address production costs, raw material availability, and competitive alternatives drives continuous improvement and strategic adaptation for long-term viability.

List of Valeric Acid Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies valeric acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the valeric acid companies profiled in this report include-

• BASF
• Eastman Chemical Company
• ADM
• DuPont de Nemours
• Jungbunzlauer Suisse
• Corbion
• Celanese Corporation
• Royal DSM
• Mitsui Chemicals
• Hebei Huiju Group

Valeric Acid Market by Segment

The study includes a forecast for the global valeric acid market by product type, grade, application, end use, and region.

Valeric Acid Market by Product Type [Value from 2019 to 2031]:

• Synthetic Valeric Acid
• Natural Valeric Acid

Valeric Acid Market by Grade [Value from 2019 to 2031]:

• Industrial
• Food
• Pharmaceutical

Valeric Acid Market by Region [Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Valeric Acid Market

Recent developments in the valeric acid market are significantly influenced by its diverse applications in pharmaceuticals, flavors, fragrances, and chemical intermediates. A key driver is the increasing demand for bio-based chemicals and sustainable production methods, alongside ongoing research into new therapeutic and industrial uses for this versatile compound.

• United States: The U.S. valeric acid market is experiencing growth driven by its well-established biofuel industry and stringent environmental regulations. Strong R&D initiatives are enhancing its use in various industrial applications, including new therapeutic uses like potential liver cancer treatments and advancements in sustainable production technologies.
• China: China is a significant producer and consumer of valeric acid, with developments primarily focused on supporting its rapidly expanding chemical and pharmaceutical industries. While specific data on recent shifts is limited, its role as a key supplier for global imports, including to India, indicates sustained production to meet demand.
• Germany: Germany's valeric acid market emphasizes high-quality production and research into novel applications, aligning with its advanced chemical sector. A focus on sustainable production technologies and exploring new uses in pharmaceuticals and other industries are key areas of development, similar to its broader chemical industry trends.
• India: India shows significant growth in the valeric acid market, driven by its expanding food and beverage, pharmaceutical, and chemical industries. As a major importer, India's domestic consumption and production capabilities are increasing, with a focus on its use in flavor enhancers, API intermediates, and agricultural chemicals.
• Japan: While specific recent developments for Japan's valeric acid market are not extensively detailed, the country's general chemical industry trend towards high-purity chemicals and advanced functional materials suggests a demand for valeric acid in specialized applications, potentially in pharmaceuticals or high-end flavors and fragrances.

Features of the Global Valeric Acid Market

• Market Size Estimates: Valeric acid market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
• Segmentation Analysis: Valeric acid market size by various segments, such as by product type, grade, application, end use, and region in terms of value ($B).
• Regional Analysis: Valeric acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different product types, grades, applications, end uses, and regions for the valeric acid market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the valeric acid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the valeric acid market by product type (synthetic valeric acid and natural valeric acid), grade (industrial, food, and pharmaceutical), application (plasticizers, lubricants, flavors & fragrances, pharmaceuticals, and agrochemicals), end use (chemical, automotive & industrial, food & beverage, pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Valeric Acid Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: PESTLE Analysis
• 2.4: Patent Analysis
• 2.5: Regulatory Environment
• 2.6: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Valeric Acid Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Valeric Acid Market by Product Type
  • 3.3.1: Synthetic Valeric Acid: Trends and Forecast (2019 to 2031)
  • 3.3.2: Natural Valeric Acid: Trends and Forecast (2019 to 2031)
• 3.4: Global Valeric Acid Market by Grade
  • 3.4.1: Industrial: Trends and Forecast (2019 to 2031)
  • 3.4.2: Food: Trends and Forecast (2019 to 2031)
  • 3.4.3: Pharmaceutical: Trends and Forecast (2019 to 2031)
• 3.5: Global Valeric Acid Market by Application
  • 3.5.1: Plasticizers: Trends and Forecast (2019 to 2031)
  • 3.5.2: Lubricants: Trends and Forecast (2019 to 2031)
  • 3.5.3: Flavors & Fragrances: Trends and Forecast (2019 to 2031)
  • 3.5.4: Pharmaceuticals: Trends and Forecast (2019 to 2031)
  • 3.5.5: Agrochemicals: Trends and Forecast (2019 to 2031)
• 3.6: Global Valeric Acid Market by End Use
  • 3.6.1: Chemical Industry: Trends and Forecast (2019 to 2031)
  • 3.6.2: Automotive & Industrial: Trends and Forecast (2019 to 2031)
  • 3.6.3: Food & Beverage: Trends and Forecast (2019 to 2031)
  • 3.6.4: Pharmaceutical Industry: Trends and Forecast (2019 to 2031)
  • 3.6.5: Others: Trends and Forecast (2019 to 2031)

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Valeric Acid Market by Region
• 4.2: North American Valeric Acid Market
  • 4.2.1: North American Market by Product Type: Synthetic and Natural Valeric Acid
  • 4.2.2: North American Market by End Use: Chemical Industry, Automotive & Industrial, Food & Beverage, Pharmaceutical Industry, and Others
  • 4.2.3: The United States Valeric Acid Market
  • 4.2.4: Mexican Valeric Acid Market
  • 4.2.5: Canadian Valeric Acid Market
• 4.3: European Valeric Acid Market
  • 4.3.1: European Market by Product Type: Synthetic and Natural Valeric Acid
  • 4.3.2: European Market by End Use: Chemical Industry, Automotive & Industrial, Food & Beverage, Pharmaceutical Industry, and Others
  • 4.3.3: German Valeric Acid Market
  • 4.3.4: French Valeric Acid Market
  • 4.3.5: Spanish Valeric Acid Market
  • 4.3.6: Italian Valeric Acid Market
  • 4.3.7: The United Kingdom Valeric Acid Market
• 4.4: APAC Valeric Acid Market
  • 4.4.1: APAC Market by Product Type: Synthetic and Natural Valeric Acid
  • 4.4.2: APAC Market by End Use: Chemical Industry, Automotive & Industrial, Food & Beverage, Pharmaceutical Industry, and Others
  • 4.4.3: Japanese Valeric Acid Market
  • 4.4.4: Indian Valeric Acid Market
  • 4.4.5: Chinese Valeric Acid Market
  • 4.4.6: South Korean Valeric Acid Market
  • 4.4.7: Indonesian Valeric Acid Market
• 4.5: ROW Valeric Acid Market
  • 4.5.1: ROW Market by Product Type: Synthetic and Natural Valeric Acid
  • 4.5.2: ROW Market by End Use: Chemical Industry, Automotive & Industrial, Food & Beverage, Pharmaceutical Industry, and Others
  • 4.5.3: Middle Eastern Valeric Acid Market
  • 4.5.4: South American Valeric Acid Market
  • 4.5.5: African Valeric Acid Market

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis
  • Competitive Rivalry
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Threat of New Entrants

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Valeric Acid Market by Product Type
  • 6.1.2: Growth Opportunities for the Global Valeric Acid Market by Grade
  • 6.1.3: Growth Opportunities for the Global Valeric Acid Market by Application
  • 6.1.4: Growth Opportunities for the Global Valeric Acid Market by End Use
  • 6.1.5: Growth Opportunities for the Global Valeric Acid Market by Region
• 6.2: Emerging Trends in the Global Valeric Acid Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Valeric Acid Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Valeric Acid Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: BASF
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.2: Eastman Chemical Company
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.3: ADM
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.4: DuPont de Nemours
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.5: Jungbunzlauer Suisse
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.6: Corbion
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.7: Celanese Corporation
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.8: Royal DSM
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.9: Mitsui Chemicals
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 7.10: Hebei Huiju Group
  • Company Overview
  • Valeric Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing