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The 4-pentenoic acid market size is forecast to increase by USD 38.24 million, at a CAGR of 8.86% between 2023 and 2028.
The growth rate of the market depends on several factors, including the increasing demand for personal care and cosmetics products, the rising adoption of 4-pentenoic acid as food-grade flavoring and the growing applications in pharmaceutical and healthcare sectors. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2018 - 2022, besides analyzing the current market scenario.
4-Pentenoic acid is a carboxylic acid with the chemical formula C5H8O2. It is classified as an unsaturated organic compound due to the presence of a double bond in the carbon chain. It is commonly used in organic synthesis, as a precursor in the production of various chemicals, and in the flavor and fragrance industry due to its fruity, slightly rancid odor. Additionally, it has been the subject of research for its potential applications in pharmaceuticals and agricultural chemicals due to its chemical properties and reactivity, which make it an important component in the synthesis of diverse organic compounds.
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Increasing demand for personal care and cosmetics products is notably driving the market. The global market has witnessed an increase in demand, primarily fuelled by the growing consumption of personal care and cosmetics products across the globe. In addition, this increasing demand is attributed to several factors that underscore the compound's versatility and effectiveness in various applications within the personal care and cosmetics industry.
Moreover, one of the primary drivers of this heightened demand is the escalating consumer inclination toward natural and environmentally friendly ingredients in personal care and cosmetic products. Therefore, there has been a remarkable surge in the use of 4-pentenoic acid as a key component in formulating natural fragrances and skincare products. Furthermore, these products also include chemical ingredients such as 4-pentenoic acid, which aids in the prevention of pigmentation in the skin. Hence, such factors are driving the market growth during the forecast period.
A growing focus on sustainable and bio-based chemicals is a primary trend in the market. As consumer awareness and environmental regulations fuel the demand for eco-friendly products, the chemical industry is shifting toward renewable and non-toxic alternatives. In addition, 4-Pentenoic acid is an unsaturated carboxylic acid with diverse industrial applications. Furthermore, this compound is found in both natural and synthetic forms, making it a versatile ingredient for various products.
Moreover, one significant example of the shift toward sustainable and bio-based chemicals in the global market is the production of biodegradable polymers. In addition, by utilizing 4-pentenoic acid derived from renewable sources such as plant-based feedstocks, manufacturers can create polymers with reduced environmental impact. Furthermore, these biodegradable polymers can be used in a wide range of applications, including packaging materials, agricultural films, and biomedical implants. Hence, such factors are driving the market growth during the forecast period.
Competition from synthetic alternatives of 4-pentenoic acid is a major challenge hindering market growth. The global market is facing intense competition from synthetic alternatives which in turn is challenging the market dominance of 4-pentenoic acid due to their cost-effectiveness, ease of production, and comparable performance in various applications. In addition, one of the primary alternatives for 4-pentenoic acid is adipic acid.
Moreover, adipic acid is widely used in the production of nylon, polyurethane, and other industrial applications. Its cost-effective production methods and versatile performance have made it a formidable competitor to 4-pentenoic acid, particularly in the polymer and resin industry. In addition, another alternative for 4-pentenoic acid is maleic anhydride. Maleic anhydride is utilized in the manufacturing of various resins, polymers, and agricultural products. Furthermore, its lower production costs and comparable functionality to 4-pentenoic acid have led to the increased adoption of it by manufacturers, posing a significant challenge to the market share of 4-pentenoic acid. Hence, such factors are hindering the market growth during the forecast period.
The chemical segment is estimated to witness significant growth during the forecast period. The chemical segment plays a major role in the global market, with diverse applications across different industries. In addition, it is also known as 3-methylacrylic acid, is an unsaturated carboxylic acid with versatile chemical properties, making it a valuable component in the production of various chemicals that are essential in different sectors.
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The chemical segment was the largest segment and was valued at USD 27.73 million in 2018. Moreover, one significant application of chemical segment is its use in the synthesis of esters. In addition, through esterification reactions with alcohols, 4-pentenoic acid gives rise to esters that find applications in the flavor and fragrance industry. Furthermore, these esters contribute to the formulation of flavors and fragrances for products such as perfumes, food flavors, and cosmetics, showcasing the compound's essential role in enhancing sensory experiences. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the type, the market has been segmented into 99 percentage purity and 98 percentage purity. The 99 percentage purity segment will account for the largest share of this segment. One of the main sectors that heavily depends on this segment is the fragrance industry. In addition, due to its clear and colorless nature, this liquid form is a favored ingredient in the production of perfumes and fragrances. Moreover, its high purity ensures that it does not alter the final scent, making it a pivotal component for many fragrance manufacturers. In addition, within the pharmaceutical industry, the unique properties of 4-pentenoic acid make it an essential substance in various medicinal and pharmaceutical products. Its high purity and specific gravity make it suitable for APIs, ensuring the safety and effectiveness of the final medications. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
APAC is estimated to contribute 47% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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The APAC region has a significant influence on the global market, due to its dynamic economies, thriving industrial sectors, and evolving regulatory landscape shaping the production, consumption, and trade of 4-pentenoic acid and its derivatives. In addition, these factors contribute to APACs pivotal role in the global market, manifesting in diverse ways and impacting the overall industry dynamics. Moreover, one crucial aspect is the region's robust industrial growth and diverse manufacturing sectors. For instance, China, a major economy in APAC, serves as a dominant producer of adhesives and coatings, wherein 4-pentenoic acid is a vital raw material. Furthermore, the expanding automotive and construction industries in countries such as India and Japan further contribute to the rising demand for these products, highlighting APAC's significance as a major consumer and influencer in the global market. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
AK Scientific Inc: The company offers 4 pentenoic acid only for research and development use.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Bedoukian Research Inc., BEIJING LYS CHEMICALS Co. Ltd., Innovassynth Technologies India Ltd., Merck and Co. Inc., Otto Chemie Pvt. Ltd., Penta Manufacturing Co., Robinson Brothers Ltd., Shanghai M and U International Trade Co. Ltd., Simson Pharma Ltd., Spectrum Laboratory Products Inc., Synerzine Inc., Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd.
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 market 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 report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
4-Pentenoic Acid, also known as valeric or pentanoic acid, holds versatile applications across various industries. Commonly utilized in the production of plasticizers, lubricants, and vinyl stabilizers, it serves as a key ingredient for pentyl valerate and ethyl valerate – essential components in food additives and flavors. With applications ranging from cosmetics to API intermediates, it caters to diverse needs. The market, despite facing challenges like retail chain disruptions, is experiencing significant growth due to a surge in demand. Industries and processes such as pesticides, laboratory research, and API production contribute to the expanding market scenario. Derived from biobased sources, it offers an eco-friendly alternative, although its unpleasant odor remains a consideration in various applications.
In the dynamic landscape of the market, the availability of research-grade and regular-grade variants caters to diverse industries. From flavors and perfumes to cosmetics and food additives, its applications are extensive, ensuring a significant presence in retail shops. The market's growth trajectory is marked by a comprehensive scenario analysis, considering impacts on various industries and processes. Its role is prominent in laboratory and research work, serving as an active pharmaceutical ingredient. As a related compound, butyric acid, aligns with its applications and market dynamics. This versatile acid not only contributes to various industrial processes but also plays a crucial role in the formulation of products for everyday use, reflecting the market's resilience and adaptability.
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 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks. |
Key companies profiled |
AK Scientific Inc., Bedoukian Research Inc., BEIJING LYS CHEMICALS Co. Ltd., Innovassynth Technologies India Ltd., Merck and Co. Inc., Otto Chemie Pvt. Ltd., Penta Manufacturing Co., Robinson Brothers Ltd., Shanghai M and U International Trade Co. Ltd., Simson Pharma Ltd., Spectrum Laboratory Products Inc., Synerzine Inc., Thermo Fisher Scientific Inc., and Tokyo Chemical Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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
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