In terms of revenue in 2014, the global market for Butyric Acid Market was calculated to be USD 120.0 million and is projected to reach USD 329.9 million by 2022, growing at a CAGR of 14.0% from 2015 to 2022.
The purpose of the report is to illustrate the state of the market of Butyric Acid, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The major factors driving the market growth of butyric acid are rising demand from various end user industries, ban on consumption of antibiotics in animal feed in some countries. However, unpleasant smell of butyric acid is the major factor inhibiting the market growth. Rising demand of renewable butyric acid from food and flavors industries can provide huge market potential over the coming years.
By application, rising demand from animal feed segment is influencing the overall market growth. In 2014, it accounted 40% share of the total market and projected to maintain its dominance during the forecast period. It is also one of the fastest growing market. The second biggest application segment is the chemicals intermediate at 23.4% in terms of value in 2014. However, pharmaceuticals segment is projected to witness average growth rates during the forecast period.
By geography, Asia Pacific is the largest and fastest growing market. It is projected to grow at a CAGR of 14.4% from 2015 to 2022. India and China are the two major contributors towards the market growth. It is due to rising demand for meat, and food & flavors, increasing concerns for animal care. Asia Pacific was followed by North America and accounted for 30% share of the market in 2014 in terms of value. The market volume of butyric acid is comparatively low in the RoW region.
Some of the major players present in this market are Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Llc, Tokyo Chemical Industry Co., Ltd. and Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Butyric Acid buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Butyric Acid contains:
Analysis and forecast of Butyric Acid market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Butyric Acid market;
Assessment and forecast of Butyric Acid market development;
Financial and business profiles of the leading companies in the Butyric Acid industry.
– Up to date working Butyric Acid data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Butyric Acid for the period 2018 to 2026
– Planned Butyric Acid additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Butyric Acid projects by region, key countries, and companies
– Details of major planned Butyric Acid projects in the world up to 2026
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