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Butyric Acid Market - Size, Share, Trends, and Forecast 2019 - 2027

Butyric Acid Market - Size, Share, Trends, and Forecast 2019 - 2027<br>

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Butyric Acid Market - Size, Share, Trends, and Forecast 2019 - 2027

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com COVID-19 Impact Tracker

  2. BUTYRIC ACID MARKET ANALYSIS Butyric Acid Market - Size, Share, Trends, and Forecast 2019 – 2027 The global butyric acid market size is projected to surpass US$ 125 million by 2027, and register a CAGR of 14.4% over the forecast period (2019 - 2027).

  3. Market Overview Butyric acid, also known by the chemical names butanoic acid and n-Butyric acid, is a carboxylic acid that is commonly found in its esterified form in plant oils and animal fat. Butyric acid is a colourless liquid with an unpleasant, penetrant odour. It tastes like butter and is used as a flavouring agent in food manufacturing. Butyric acid is soluble in water, ether, and ethanol. It is highly corrosive to metals and tissue, and protective eye-goggles, gloves made of PVC or rubber, as well as chemical-resistant shoes are worn when handling butyric acid as a safety measure. For industrial applications, butyric acid is generally prepared by fermenting starch or sugar.

  4. Market Dynamics Butyric acid has several industrial applications, and recently, in the light of increasing petroleum prices and rising need for clean energy resources, butyric acid is being considered as a precursor to biofuels. Butyric acid may emerge as an effective alternative for gasoline in the near future. It has a wide demand in the transportation sector, owing to the variety of advantages butyric acid has over ethanol. For instance, butanol is far less volatile compared to ethanol, does not attract water which makes it ideal for transportation in pipelines, and is also less sensitive to low temperatures. 

  5. Market Outlook Asia Pacific is expected to emerge as the largest market for butyric acid owing to the rapidly expanding pharmaceutical and agriculture sectors, where butyric acid animal feed application. Agro-based economies such as India are estimated to account for a significant market share during the forecast period. Additionally, presence of several key players in the region coupled with rapidly expanding end use industries is expected to facilitate growth of the Asia Pacific butyric acid market. Stringent regulations by environmental agencies in North America and Europe regarding the use of antibiotics in animal feed will facilitate demand for butyric acid in biofuel production in the regions.

  6. Key Players Some of the major companies operating in the global butyric acid market are Eastman Chemical Company, Dmitrievsky Chemical Plant, and Alfa Aesar GmbH & CO KG among others.

  7. Request Sample Report • Download PDF Brochure • Request Customization • Talk to Analyst BUY NOW For Your Reference: https://www.coherentmarketinsights.com/ongoing-insight/butyric-acid-market-2851

  8. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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