Global Butyric Acid market, which is likely to amass revenue worth nearly 666.42 (USD Million) by 2026, will register a CAGR of nearly 14.9% during the period from 2020 to 2026.
The global Butyric Acid market, which is likely to amass revenue worth nearly 666.42 (USD Million) by 2026, will register a CAGR of nearly 14.9% during the period from 2020 to 2026. The report offers assessment and analysis of the Butyric Acid market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Butyric acid is a type of fatty acid also referred as butanoic acid and is mostly found in milk of goat, buffalo, and sheep. Moreover, the compound is soluble in ether, water, and ethanol. In addition to this, the product is also present in vegetable oils and animal fats. The compound can be manufactured artificially in factories through oxidation of butyraldehyde.
Furthermore, butyric acid is utilized in preparing many kinds of butyrate esters. Most prominently, it is used for preparing cellulose acetate butyrate that facilitates the production of coatings, tools, and components. Butyric acid like methyl butyrate have good aromas and hence find myriad applications in perfume & food additives.
Market Growth Dynamics
Massive need of animal feed in poultry and swine will produce huge demand for butyric acid in the forthcoming years. In addition to this, few of the researches have demonstrated the use of the product for treating Crohn’s disease and irritable bowel syndrome. Furthermore, clinical trials have exhibited the ability of butyric acid in treating colon cancer in animals. Apparently, humungous popularity of renewable butyric acid across pharmaceuticals and food & flavor sectors will drive the market progress over the estimated timespan. A prominent utility of the product in chemical intermediates will open new vistas of growth for the market over the next couple of years.
Escalating awareness about the digestive ability of butyric acid along with its anti-inflammatory features will drive the market trends. Enforcement of strict laws regarding usage of antibiotics in animal feed in European countries as well as in North America and use of butyric acid in production of biofuels will pave a wave for industry growth in the near future.
Asia Pacific Market To Register Humungous Growth Over Forecast Timeline
The expansion of the industry in Asia Pacific zone over the forecast timespan is owing to thriving animal feed in the countries like India and China. Apart from this, rise in the product penetration in pharma sector and in farming activities will further augment the regional market growth in the years to come. In addition to this, presence of key producers of the compound in the region will spearhead the business growth in Asia Pacific region.
Key players profiled in the report are Eastman Chemical Company, Beijing Huamaoyuan Fragrance Flavor Co. Ltd., OXEA GmbH, Tokyo Chemical Industry Co. Ltd., Blue Marble Biomaterials, Perstorp Holding AB, and Snowco industrial Co. Ltd.
The global butyric acid market is segmented as follows:
By Product Type:
Massive need of animal feed in poultry and swine will produce huge demand for butyric acid in the forthcoming years.
The CAGR of the industry is expected to be nearly 14.9% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Beijing Huamaoyuan Fragrance Flavor Co. Ltd. Inc., Blue Marble Biomaterials, Perstorp Holding AB, Eastman Chemical Company, Tokyo Chemical Industry Co. Ltd., OXEA GmbH, and Snowco industrial Co. Ltd.