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Butyric Acid Market 2018 : Comprehensive Study on Oxea, Wacker Chemie, Chemical Company, TCI - Tokyo Chemical Industry, Perstorp Group, Blue Marble Biomaterials, Eastman, SEKAB BioFuels & Chemicals AB and SEKAB E-Technology AB
Butyric Acid
The Global Market is expected to reach USD 455 million by 2025, from USD 195 million in 2017 growing at a CAGR of 16% during the forecast period of 2018 to 2025. The Butyric Acid market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Report Forecasting Regional and Global Analysis on Butyric Acid Market Analysis By Application (Animal Feed, Chemicals Intermediate, Food & Flavours, Pharmaceuticals, Perfumes, Others), Type (Synthetic Butyric Acid, Renewable Butyric Acid) and Geography.
Butyric acid is also known as systematic butanoic acid which is found in milk, especially in goat, sheep and buffalo milk. By hydrolysis process, butyric acid is liberated from the glyceride and has an unpleasant odour. It is an important part of the fatty acid subgroup which is known as short chain fatty acid. Butyric acid attacks many metals and has strong oxidants when reacts with bases. Due to its highly acidic nature, safety measures are taken by equipping PVC gloves, protective eye goggles and shoes are used while handling butyric acid. Various butyrate compounds are prepared through butyric acid. In many perfumes, methyl butyrate is used because of its pleasant aroma or taste. According to the European government, Europe has exported USD 150 million in butyric products in 2017. According to the report, butyric products produced in China were estimated at USD 98 million. Due to all above factors there is a huge demand in butyric acid market all around the globe. The key players operating in the global butyric acid market are –
· Eastman Chemical Company
· Perstorp Holding AB
· Oxea GmbH
· Blue Marble Biomaterials, LLC
· Tokyo Chemical Industry Co., Ltd.
The other players in the market are Beijing Huamaoyuan Fragrance Flavor Co. Ltd., Snowco Industrial Co. Ltd., Wacker Chemie AG, Svensk Etanolkemi AB (SEKAB), Sinopec, Showa Denko K.K., SABIC, Petro China, Mitsubishi Chemical Corporation, LyondellBasell Industries N.V., HELM AG, GNFC Limited, DuPont, Daicel Corporation, Celanese Corporation, British Petroleum Plc. The global butyric acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
· The report includes market shares of global butyric market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
· In Texas, USA the global chemical company Oxea has successfully started up its new 100,000 mt per annum world-scale production unit “propanol 2” at its bay city.
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Market Drivers:
· Rising population and the fast-growing animal feed sector
· Demand for renewable butyric acid in the food & flavour
· Rising demand from end-user industries
Market Restraints:
· Rising health concerns regarding the toxic use of butyric acid
· Adverse effects of butyric acid
Segmentation: Global Butyric Acid Market
By Product
· Sodium Butyrate
· Calcium Butyrate
· Others
By Animal Feed
· Poultry
· Swine
· Others (Ruminants, Aquaculture, Pets etc.)
By Geography
· Asia Pacific
o China
o South Korea
o Japan
o India
o Australia
o Singapore
o Thailand
o Indonesia
o Malaysia
o Philippines
o Rest of Asia-Pacific
· North America
o US
o Canada
o Mexico
· Europe
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Spain
o France
o Germany
o Italy
o UK
o Rest of Europe
· South America
o Brazil
o Rest of south America
· Middle East & Africa
o Saudi Arabia
o UAE
o Africa
o Rest of MEA
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