The butyric acid market was valued at US$ 183. 48 million in 2021 and is projected to attain US$ 484. 55 million by 2028; it’s anticipated to develop at a CAGR of 14. 9% from 2021 to 2028. The butyric acid market is principally pushed by an growing demand from the animal feed sector.
New York, April 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com broadcasts the discharge of the report “Butyric Acid Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Source and Application” – https://www.reportlinker.com/p06269983/?utm_source=GNW
Butyric acid gives many advantages when utilized in animal diet.
Moreover, the acid has many purposes within the pharmaceutical trade.Butyric acid is without doubt one of the most useful short-chain fatty acids that play a key position in uplifting digestive well being, managing weight, and stopping most cancers.
The sturdy progress of the pharmaceutical trade in numerous nations throughout the globe is propelling the usage of butyric acid for numerous purposes.Furthermore, there may be an growing curiosity in utilizing butyric acid as a precursor for producing biofuels.
This is anticipated to provide profitable alternatives for the expansion of butyric acid market through the forecast interval.
The world butyric acid market, based mostly on supply, is bifurcated into renewable butyric acid and artificial butyric acid.The artificial butyric acid phase held a bigger market share in 2020.
Synthetic butyric acid is majorly used on the industrial scale and produced by way of chemical synthesis.The artificial butyric acid is utilized within the manufacturing of printing inks, disinfectants, flavors, medicines, and perfumes.
The artificial butyric acid can be used to manufacture butyrate of cellulose acetate (CAB), which is utilized in a variety of units, parts, and coatings.
In 2020, Asia Pacific held the most important income share of the worldwide butyric acid market.The market in Asia Pacific is subsegmented into Australia, China, India, Japan, South Korea, and the remainder of Asia Pacific.
Countries within the Asia Pacific area, corresponding to China and India are main shoppers of butyric acid.Butyric acid is used within the manufacturing of chemical intermediates utilized within the chemical synthesis of butyrate esters, cellulose acetate butyrate (CAB), and methyl butyrate.
These chemical intermediates discover vital purposes in perfumes, inks, paints, and coatings.Thus, the large-scale use of butyric acid in chemical intermediate manufacturing bolsters the market progress in Asia Pacific.
In India, rising demand of poultry meat and different chemical intermediaries are propelling the expansion of the butyric acid market.
Eastman Chemical Company; OQ Chemicals GmbH; Tokyo Chemical Industry Co., Ltd.; Perstorp Holding AB; Alfa Aesar; MERCK KGaA; Vigon International, LLC.; Hefei TNJ Chemical Industry Co., Ltd.; KUNSHAN ODOWELL CO., LTD; and Yufeng International Co., Ltd. are among the many gamers working within the world butyric acid market. Market gamers function their manufacturing and distribution companies in numerous nations worldwide, which helps them cater to a wider buyer base. Market gamers are extremely targeted on the event of top quality and revolutionary companies choices to fulfil the shopper’s necessities.
The general world butyric acid market measurement has been derived utilizing each major and secondary supply.To start the analysis course of, exhaustive secondary analysis has been performed utilizing inside and exterior sources to receive qualitative and quantitative info associated to the market.
Also, a number of major interviews have been performed with trade contributors to validate the info, in addition to to acquire extra analytical insights into the subject. The contributors of this course of embody trade specialists corresponding to VPs, enterprise growth managers, market intelligence managers, and nationwide gross sales managers, together with exterior consultants corresponding to valuation specialists, analysis analysts, and key opinion leaders, specializing within the butyric acid market.
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