Market Overview:
The global 3-indolebutyric acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fruits and vegetables, flowers, trees, and other applications across the globe. Additionally, factors such as rising awareness about benefits of 3-indolebutyric acid are also contributing to the growth of this market.
Product Definition:
3-indolebutyric acid (IBA) is a plant hormone that is used to promote rooting in cuttings. It is also used as a foliar spray to improve the overall health of plants. IBA can help plants to resist stress, improve their ability to take up nutrients, and increase their resistance to pests and diseases.
Content＜98%:
The global content 98% is used to synthesize 3-indolebutyric acid, also known as IDO or indoxyl, which has a wide range of applications in the pharmaceutical and biotechnology industries. Content 98% is manufactured by the reaction of formaldehyde with ammonia and then hydrogen sulfide formation.
Content≥98%:
3-indolebutyric acid is a chemical compound and an organic liquid extracted from Indole. The IUPAC/IOC name for this chemical is 2, 3-dimethylallyl propane. It has also been referred to as the "king of indoles" since it was first synthesized in 1933.
Application Insights:
The fruits and vegetables segment led the global 3-indolebutyric acid market in 2017, accounting for a share of over 40%. The application of 3-indolebutyric acid in the horticulture industry is gaining significant popularity due to its ability to promote plant growth. It has been observed that plants treated with 3-IBA grow taller, have broader leaves and produce more flowers. Furthermore, it has been found that these compounds are safe for consumption by humans as well as animals. This factor is expected to drive demand from this application segment over the forecast period.
Flowers and trees accounted for a considerable share in 2017 and are expected to witness steady growth over the forecast period owing to increasing awareness regarding environmental issues such as air pollution control, water pollution control along with rising concerns regarding aging population across countries such as China India Japan Germany France U.K., etc.
Regional Analysis:
Asia Pacific dominated the global 3-IBA market in terms of revenue with a share of over 60% in 2017. The region is expected to maintain its dominance throughout the forecast period owing to high product demand from various end-use industries, such as fruits and vegetables, flowers and plants, and pharmaceuticals. China was one of the largest producers as well as consumers for this chemical across all regions.
The European market also accounted for a significant share in terms of volume consumed in 2017 due to large fruit & vegetable consumption levels coupled with rising R&D initiatives by key players operating within this industry. However, it is expected to witness sluggish growth rate over the forecast period owing to stringent regulations regarding IBA production along with limited capacity utilization rates at major manufacturing facilities across Europe.
North America emerged as another promising regional market for 3-IBA on account both volume.
Growth Factors:
- Increasing demand from pharmaceutical and nutraceutical industries for 3-indolebutyric acid as an intermediate to manufacture various drugs and supplements.
- Growing popularity of organic foods, which has led to an increase in the demand for 3-indolebutyric acid as a natural preservative.
- Rising awareness about the health benefits of 3-indolebutyric acid is expected to boost its demand in the near future.
- The increasing use of 3-indolebutyric acid in personal care products such as skin care and hair care products is another key factor that is likely to drive its growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
3-indolebutyric Acid Market Research Report
By Type
Content＜98%, Content≥98%
By Application
Fruits and Vegetables, Flowers, Trees
By Companies
Anyang Quanfeng, Zhanhua Huibang, Mingwei Chemical, Zhengzhou Kairui
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global 3-indolebutyric Acid Market Report Segments:
The global 3-indolebutyric Acid market is segmented on the basis of:
Types
Content＜98%, Content≥98%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fruits and Vegetables, Flowers, Trees
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Anyang Quanfeng
- Zhanhua Huibang
- Mingwei Chemical
- Zhengzhou Kairui
Highlights of The 3-indolebutyric Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Content＜98%
- Content≥98%
- By Application:
- Fruits and Vegetables
- Flowers
- Trees
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 3-indolebutyric Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
3-indolebutyric acid is a molecule that contains three indole rings.
Some of the major players in the 3-indolebutyric acid market are Anyang Quanfeng, Zhanhua Huibang, Mingwei Chemical, Zhengzhou Kairui.
The 3-indolebutyric acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 3-indolebutyric Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 3-indolebutyric Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 3-indolebutyric Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 3-indolebutyric Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 3-indolebutyric Acid Market Size & Forecast, 2020-2028
4.5.1 3-indolebutyric Acid Market Size and Y-o-Y Growth
4.5.2 3-indolebutyric Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Content＜98%
5.2.2 Content≥98%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fruits and Vegetables
6.2.2 Flowers
6.2.3 Trees
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 3-indolebutyric Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 3-indolebutyric Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Content＜98%
9.6.2 Content≥98%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fruits and Vegetables
9.10.2 Flowers
9.10.3 Trees
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Content＜98%
10.6.2 Content≥98%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fruits and Vegetables
10.10.2 Flowers
10.10.3 Trees
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Content＜98%
11.6.2 Content≥98%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fruits and Vegetables
11.10.2 Flowers
11.10.3 Trees
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Content＜98%
12.6.2 Content≥98%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fruits and Vegetables
12.10.2 Flowers
12.10.3 Trees
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Content＜98%
13.6.2 Content≥98%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fruits and Vegetables
13.10.2 Flowers
13.10.3 Trees
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 3-indolebutyric Acid Market: Competitive Dashboard
14.2 Global 3-indolebutyric Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Anyang Quanfeng
14.3.2 Zhanhua Huibang
14.3.3 Mingwei Chemical
14.3.4 Zhengzhou Kairui
