Hydroxyisobutyric Acid Market Size, Business Growth and Opportunities and Forecasts to 2028 New Report Insights

Latest research report on “Hydroxyisobutyric Acid Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.

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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.
This report contains market size and forecasts of Hydroxyisobutyric Acid in global, including the following market information:
Global Hydroxyisobutyric Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Hydroxyisobutyric Acid Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Hydroxyisobutyric Acid companies in 2021 (%)
The global Hydroxyisobutyric Acid market was valued at 8 million in 2021 and is projected to reach US$ 11 million by 2028, at a CAGR of 3.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
50% HBA Solution Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Hydroxyisobutyric Acid include Mitsubishi Gas Chemical, Nippoh Chemicals and Xinan Chem, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Hydroxyisobutyric Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Hydroxyisobutyric Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Hydroxyisobutyric Acid Market Segment Percentages, by Type, 2021 (%)
– 50% HBA Solution
– 98% HBA Solution
Global Hydroxyisobutyric Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Hydroxyisobutyric Acid Market Segment Percentages, by Application, 2021 (%)
– Electronic Materials
– Pharmaceuticals
Global Hydroxyisobutyric Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Hydroxyisobutyric Acid Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hydroxyisobutyric Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Hydroxyisobutyric Acid revenues share in global market, 2021 (%)
Key companies Hydroxyisobutyric Acid sales in global market, 2017-2022 (Estimated), (MT)
Key companies Hydroxyisobutyric Acid sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
– Mitsubishi Gas Chemical
– Nippoh Chemicals
– Xinan Chem

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