Isobutyramide Market Size, Share, Growth, And Industry Analysis By Type (Purity 98%, and Purity 99%) By Application (Chemical Reagents, Pharmaceutical Intermediates, and Other) Regional Forecast By 2031

Updated On: 15 April 2024

Isobutyramide Market Report Overview

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The global isobutyramide market size was USD 170.68 million in 2021 and the market is expected to reach USD 253.78 million in 2031, exhibiting a CAGR of 4.03% during the forecast period.

The sudden rise in CAGR is attributable to the isobutyramide market growth, and demand returning to pre-pandemic levels once the pandemic is over.

An organic substance having the chemical formula C4H7NO2 is isobutyramide. It is a white solid that can be dissolved in alcohol and water. It is a chemical that is used to make pharmaceuticals and other products.

Propionic acid can be aminated with either ammonia or primary amines to produce isobutyramide. It can also be made by reducing lithium aluminium hydride with isobutyronitrile. In manufacturing drugs and other chemical molecules, isobutyramide is a key building block. It has been utilized in creating medications like the painkiller ibuprofen and the antidepressant bupropion.

COVID-19 Impact: Industries Halted Production Hampered the Market Growth

The market has been significantly impacted by Covid-19. Before the pandemic, the market was expanding steadily. Its use was drastically reduced as a result of Covid-19 since the industries that used it stopped production. The market was negatively impacted due to providers reducing their output. But things are gradually returning to normal, and the market is anticipated to rebound in the following months. Its demand will rise due to the stalled industries' pent-up demand. Additionally, as economies begin to recover, industrial activity will rise.

Latest Trends

"Utilization as a Topical Cream or Ointment Boosts the Market Expansion"

The popularity and demand for isobutyramide are currently increasing. Many people use this potent anti-inflammatory drug to treat pain, swelling, and other symptoms brought on by numerous medical disorders. It has been demonstrated that isobutyramide is particularly useful in treating illnesses, including bursitis, tendinitis, and arthritis. It is also widely employed to lessen the pain brought on by carpal tunnel syndrome. It is additionally occasionally used to lessen gout discomfort and inflammation. The use of the medicine as a topical cream or ointment is the most recent development in the market. Isobutyramide in this form can be applied directly to the afflicted area, reducing pain and inflammation within minutes. Topical isobutyramide is a well-liked option for people looking for a rapid and efficient solution to treat their disease because it is also practical and simple to administer.

Isobutyramide Market Segmentation

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• By Type Analysis

The isobutyramide market can be segmented into purity 98% and purity 99%. Among these, the purity 98% is projected to experience rapid growth through 2031.

• By Application Analysis

The market can be divided based on application into chemical reagents, pharmaceutical intermediates, and other. Chemical reagents are expected to hold the most significant isobutyramide market share in the upcoming years.

Driving Factors

"Rising Demand for Synthetic Rubber and Plastics To Propel the Market Expansion"

The market is anticipated to expand dramatically over the coming years as demand for synthetic rubber and plastics rises. One of the main factors influencing the market is that it is an essential component in producing these goods. In the upcoming years, it is also projected that the expanding automobile industry will increase demand for isobutyramide.

"Rising Demand for Pharmaceuticals and the Increasing Acceptance of Isobutyramide as a Medicinal Agent Fuels the Market Growth"

It is anticipated that the market will expand significantly in the upcoming years. The main drivers driving this market are the rising demand for pharmaceuticals and the increasing acceptance of isobutyramide as a medicinal agent. It is a relatively new medication, and researchers are still looking at how it may treat various illnesses. However, a preliminary study has shown encouraging findings, which have generated a lot of interest among scientists and pharmaceutical firms. The market is also anticipated to develop as the prevalence of chronic disorders rises.

Restraining Factors

"Erratic Prices for Raw Materials, Strict Environmental Restrictions, and a Scarcity of Feedstock Hinder the Market Growth"

The market is constrained by several problems, including erratic prices for raw materials, strict environmental restrictions, and a scarcity of feedstock. Manufacturers are always concerned about fluctuating raw material prices because it directly impacts their manufacturing costs. Several governments have enacted strict environmental rules to reduce the emissions of dangerous pollutants. The costs of production for the firms have gone up as a result. Another obstacle to this industry's expansion is that not all regions have easy access to the feedstock needed to produce isobutyramide.

Isobutyramide Market Regional Insights

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"U.S. to Dominate Market Due to Rising Demand for Synthetic Rubber and Plastics"

Between 2022 and 2031, the isobutyramide market will be dominated by U.S. Factors driving the market growth in this region include rising demand for synthetic rubber and plastics

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The rising demand for pharmaceuticals and the increasing acceptance of isobutyramide as a medicinal agent fuels market expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Waterstone Technology (China)
• AlliChem (U.S.)
• Dow Chemical (U.S.)
• TCI Japan (Japan)
• Alfa Chemistry (U.S.)
• Acros Organics (Belgium)
• 3B Scientific Corporation (Germany)
• Meryer Chemical Technology 
• J & K Scientific (U.S.)
• Nantong Chem-Tech (China)
• Alfa Aesar (U.S.)
• HBCChem (U.S.)
• Pure Chemistry Scientific (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.