Butyric Acid Market Global Industry Historical Background, Industry Structure, Development and Sector Opportunities Till 2028

The Butyric Acid Market was valued at US$ 183.48 million in 2021 and is projected to reach US$ 484.55 million by 2028; it is expected to grow at a CAGR of 14.9% from 2021 to 2028.

The demand for butyric acid is predominantly driven by its usage in the animal feed sector, which offers numerous benefits. Additionally, the acid finds extensive application in the pharmaceutical industry due to its ability to improve digestive health, manage weight, and prevent cancer. The growth of the pharmaceutical industry across several countries is further fuelling the demand for butyric acid. Furthermore, butyric acid is being explored as a precursor for biofuel production, thus providing attractive opportunities for market growth in the future.

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Analysis of the Top Market Players:

1. Eastman Chemical Company
2. OQ Chemicals GmbH
3. Tokyo Chemical Industry Co., Ltd.
4. Perstorp Holding AB
5. Alfa Aesar
6. MERCK KGaA
7. Vigon International, LLC.
8. Hefei TNJ Chemical Industry Co.,Ltd.
9. KUNSHAN ODOWELL CO.,LTD
10. Yufeng International Co.,Ltd

In this report, the market has been segmented on the basis of:

Source (Renewable Butyric Acid and Synthetic Butyric Acid)
Application (Printing Inks, Animal Feed, Food Flavors and Food Fragrances, Chemical Intermediates, Pharmaceutical, and Others)

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The global market for butyric acid is classified into two segments based on its source - renewable butyric acid and synthetic butyric acid. As of 2020, the synthetic butyric acid segment accounted for a larger share of the market. Synthetic butyric acid is primarily used on an industrial scale and is produced by means of chemical synthesis. It is used in the manufacture of disinfectants, perfumes, printing inks, medicines, and flavors. Additionally, synthetic butyric acid is used in the production of cellulose acetate butyrate (CAB), which finds wide application in various coatings, components, and devices.

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