The study is given to the analysis of the latest growth trends and prospects for the Butyric Acid market.
The section “Butyric Acid Market” includes an examination of the situation in major sections of the Butyric Acid market. The markets in European Union countries are examined in more detail, giving a timeline of financial results reported by major 3PL providers in 2017.
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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.
Global Butyric Acid Market, Application Analysis
4.1 Global Butyric Acid Market, by application type
4.2 Animal Feed
4.2.1 Global butyric acid demand animal feed application, 2014 – 2022, (USD Million)
4.3 Chemical Intermediate
4.3.1 Global butyric acid demand from chemical intermediate application, 2014 – 2022, (USD Million)
4.4 Food and Flavors
4.4.1 Global butyric acid demand from food and flavors application, 2014 – 2022, (USD Million)
4.5.1 Global butyric acid demand from pharmaceuticals application, 2014 – 2022, (USD Million)
4.6.1 Global butyric acid demand from others applications, 2014 – 2022, (USD Million)
Chapter 5 Global Butyric Acid Market, Regional Analysis
5.1 Global Butyric Acid Market, regional analysis, (2014 v/s 2022)
5.2 North America
5.2.1 US Butyric Acid Market, 2014 – 2022, (USD Million)
5.2.2 Canada Butyric Acid Market, 2014 – 2022, (USD Million)
5.2.3 Mexico Butyric Acid Market, 2014 – 2022, (USD Million)
5.3.1 Germany Butyric Acid Market, 2014 – 2022, (USD Million)
5.3.2 France Butyric Acid Market, 2014 – 2022, (USD Million)
5.3.3 UK Butyric Acid Market, 2014 – 2022, (USD Million)
5.3.4 Italy Butyric Acid Market, 2014 – 2022, (USD Million)
5.3.5 Russia Butyric Acid Market, 2014 – 2022, (USD Million)
5.3.6 Rest of Europe Butyric Acid Market, 2014 – 2022, (USD Million)
5.4 Asia Pacific
5.4.1 Japan Butyric Acid Market, 2014 – 2022, (USD Million)
5.4.2 China Butyric Acid Market, 2014 – 2022, (USD Million)
5.4.3 India Butyric Acid Market, 2014 – 2022, (USD Million)
5.4.4 Australia Butyric Acid Market, 2014 – 2022, (USD Million)
5.4.5 Rest of Asia Pacific Butyric Acid Market, 2014 – 2022, (USD Million)
5.5.1 Brazil Butyric Acid Market, 2014 – 2022, (USD Million)
5.5.2 Rest of RoW Butyric Acid Market, 2014 – 2022, (USD Million)
Chapter 6 Competitive Analysis
6.1 Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
6.2 Blue Marble Biomaterials, LLC
6.3 Oxea GmbH
6.4 Eastman Chemical Company
6.5 Perstorp Holding AB
6.6 Tokyo Chemical Industry Co., Ltd.
6.7 Snowco Industrial Co., Ltd.
6.8 Perstorp Holding AB
6.9 Eastman Chemical Company
6.10 Alfa Aesar GmbH & CO KG
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Introduction and Landscape
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