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The 4-pentenoic acid market size is forecast to increase by USD 38.24 mn at a CAGR of 8.86% between 2023 and 2028.
The 4-pentenoic acid industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is driven by its extensive applications In the chemical industry. Also recognized as 3-methylacrylic acid, this unsaturated carboxylic acid is a crucial intermediate in chemical synthesis. In agrochemicals, 4-pentenoic acid contributes to the production of herbicides, fungicides, and insecticides. Within the chemical industry, it is used to synthesize esters, which are integral to various sectors. These esters, derived from 4-pentenoic acid through esterification with alcohols, are employed In the flavor and fragrance industry for food, perfumes, and cosmetics. Additionally, 4-pentenoic acid offers health advantages as a food-grade flavoring, a preservative in food and beverages, and a health supplement in healthcare.
Its antimicrobial properties make it suitable for use in disinfectants and food preservation. Furthermore, it is used In the production of bio-based chemicals, including vinylacetic acid, valeric acid, and aliphatic carboxylic acids. The development trend In the market includes the production of pharmaceutical-grade, food-grade, and industrial-grade 4-pentenoic acid for applications in medicine, fiber, and renewable energy.
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The chemical segment was valued at USD 27.73 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Asia Pacific (APAC) region plays a significant role In the market, driven by its strong industrial growth and diverse manufacturing sectors. China, as a major economy in APAC, is a dominant producer of adhesives and coatings, making it a key consumer of 4-pentenoic acid. The expanding automotive and construction industries in countries like India and Japan further fuel the demand for these products. In the agrochemical industry, 4-pentenoic acid acts as a valuable intermediate In the production of herbicides, fungicides, and insecticides, contributing to food security and crop output. Additionally, 4-pentenoic acid has health advantages and is used as a food-grade flavoring In the food and beverage industry, as well as in healthcare for its antimicrobial properties.
The market also extends to bio-based production for use in medicine, fiber, food, and personal care products. The development trend In the market includes the production of industrial-grade and pharmaceutical-grade 4-pentenoic acid, as well as its use as a renewable energy source and alternative chemical intermediate. The market is expected to grow due to its versatile applications and increasing demand in various industries.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for personal care and cosmetics products is the key driver of the market.
Increasing awareness regarding the antimicrobial properties of 4-pentenoic acid is the upcoming market trend.
The high cost of 4-pentenoic acid is a key challenge affecting the industry growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is an aliphatic carboxylic acid with a five-carbon chain and a double bond between the third and fourth carbon atoms, and is experiencing significant growth due to its diverse applications in various industries. This intermediate compound plays a crucial role In the production of agrochemicals, including herbicides, fungicides, and insecticides, contributing to food security and crop output. Beyond agrochemicals, it is also utilized In the synthesis of vinylacetic acid, a monomer used In the production of polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH), which have applications in a wide range of industries, from adhesives and coatings to textiles and paper.
Moreover, in the healthcare sector, 4-pentenoic acid is gaining attention for its health advantages. It is used as a food-grade flavoring In the production of cheese, imparting a cheesy aroma, and In the food and beverage industry for its fruity aroma. In the pharmaceutical industry, it is used as an additive in medicine for its antimicrobial properties, aiding in food preservation and serving as a disinfectant. The development trend In the market is towards bio-based production, aligning with the growing demand for eco-friendly ingredients. This is particularly relevant In the food industry, where consumers are increasingly seeking natural preservatives to extend the shelf life of processed foods.
Furthermore, the use extends beyond food and healthcare applications. It is also utilized In the production of industrial-grade pentanoic acid, which is used as a chemical intermediate In the production of various chemicals, including valeric acid and other aliphatic carboxylic acids. These chemicals have applications In the production of pharmaceuticals, plastics, and other industrial products. The market is expected to continue growing due to its versatility and wide range of applications. Its use In the production of agrochemicals, food and beverages, personal care products, and pharmaceuticals, among others, is driving demand for this intermediate compound.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.86% |
Market Growth 2024-2028 |
USD 38.24 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
7.89 |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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