According to a new market report by Lucintel, the future of the butyric acid market looks promising with opportunities in animal feed, chemical intermediates, food and flavors, pharmaceuticals, and perfume applications. The butyric acid market is expected to grow with a CAGR of 15.1% from 2019 to 2024. The major growth drivers for this market are increasing demand from various end use industries and stringent regulations relating to the use of antibiotics in animal feed especially in Europe and North America.
In this market, synthetic butyric acid and renewable butyric acid are the major product form. Synthetic butyric acid is the largest product form.
Within the butyric acid market, animal feed, chemical intermediates, food and flavors, pharmaceuticals, perfume, and others are the major applications. Animal feed is the largest segment for butyric acid.
Asia Pacific is anticipated to remain the largest market over the forecast period due to increase in population and the rise in demand of the animal feed market.
Eastman Chemical Company, Perstorp Holding AB, Oxea GmbH, Blue Marble Biomaterials, LLC, Tokyo Chemical Industry Co. Ltd., Beijing Huamaoyuan Fragrance Flavor Co. Ltd., Snowco Industrial Co. Ltd., and Parche are among the major manufacturers of butyric acid.
Lucintel a leading global strategic consulting and market research firm, has analyzed growth opportunities in the butyric acid market by product form, application, and region. Lucintel has prepared a comprehensive research report entitled " Butyric Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the butyric acid market by product form, application, and region as follows:
By Product Form [$M shipment analysis for 2013 – 2024]:
• Synthetic Butyric Acid
• Renewable Butyric Acid
By Application [$M shipment analysis for 2013 – 2024]:
• Animal Feed
• Chemical Intermediates
• Food and Flavors
• Pharmaceuticals
• Perfume
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• Europe
• Asia Pacific
• RoW
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1.What are some of the most promising potential, high-growth opportunities for the butyric acid market by product form(synthetic butyric acid and renewable butyric acid),application (animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfume, and others), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the butyric acid market?
Q.5.What are the business risks and threats to the butyric acid market?
Q.6.What are emerging trends in the butyric acid market and the reasons behind them?
Q.7.What are some changing demands of customers in the butyric acid market?
Q.8.What are the new developments in the butyric acid market? Which companies are leading these developments?
Q.9.Who are the major players in the butyric acid market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in the butyric acid market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities took place in the last five years in the butyric acid market?