Butyric Acid Market Forecast to 2028

Report Code : TIPRE00015611 | Region : Global | Industry : Chemicals and Materials | Published Date : 21/Mar/2022
Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Renewable Butyric Acid and Synthetic Butyric Acid) and Application (Printing Inks, Animal Feed, Food Flavors and Food Fragrances, Chemical Intermediates, Pharmaceutical, and Others)

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 butyric acid market is mainly driven by an increasing demand from the animal feed sector. Butyric acid offers many benefits when used in animal nutrition. Moreover, the acid has many applications in the pharmaceutical industry. Butyric acid is one of the most beneficial short-chain fatty acids that play a key role in uplifting digestive health, managing weight, and preventing cancer. The strong growth of the pharmaceutical industry in different countries across the globe is propelling the use of butyric acid for various applications. Furthermore, there is an increasing interest in using butyric acid as a precursor for producing biofuels. This is expected to offer lucrative opportunities for the growth of butyric acid market during the forecast period.

The global butyric acid market, based on source, is bifurcated into renewable butyric acid and synthetic butyric acid. The synthetic butyric acid segment held a larger market share in 2020. Synthetic butyric acid is majorly used at the industrial scale and produced via chemical synthesis. The synthetic butyric acid is utilized in the production of printing inks, disinfectants, flavors, medicines, and perfumes. The synthetic butyric acid is also used to manufacture butyrate of cellulose acetate (CAB), which is used in a wide range of devices, components, and coatings.

In 2020, Asia Pacific held the largest revenue share of the global butyric acid market. The market in Asia Pacific is subsegmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Countries in the Asia Pacific region, such as China and India are major consumers of butyric acid. Butyric acid is used in the production of chemical intermediates utilized in the chemical synthesis of butyrate esters, cellulose acetate butyrate (CAB), and methyl butyrate. These chemical intermediates find significant applications in perfumes, inks, paints, and coatings. Thus, the large-scale use of butyric acid in chemical intermediate production bolsters the market growth in Asia Pacific. In India, growing demand of poultry meat and other chemical intermediaries are propelling the growth 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 players operating in the global butyric acid market. Market players operate their production and distribution services in various countries worldwide, which helps them cater to a wider customer base. Market players are highly focused on the development of high quality and innovative services offerings to fulfil the customer’s requirements.

The overall global butyric acid market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the butyric acid market.

The List of Companies_ Butyric Acid Market

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

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Butyric Acid Market, by Source

1.3.2 Butyric Acid Market, by Application

1.3.3 Butyric Acid Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Butyric Acid Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 Expert Opinion

5. Butyric Acid Market – Key Market Dynamics

5.1 Market Drivers

5.2 Market Restraints

5.3 Market Opportunities

5.4 Future Trends

5.5 Impact Analysis

6. Butyric Acid – Global Market Analysis

6.1 Butyric Acid Market Overview

6.2 Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

6.3 Market Positioning – Global Market Players

7. Butyric Acid Market Analysis – by Source

7.1 Overview

7.2 Butyric Acid Market, by Source (2020 and 2028)

7.3 Renewable Butyric Acid

7.3.1 Overview

7.3.2 Renewable Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4 Synthetic Butyric Acid

7.4.1 Overview

7.4.2 Synthetic Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

8. Butyric Acid Market Analysis – by Application

8.1 Overview

8.2 Butyric Acid Market, by Application (2020 and 2028)

8.3 Printing Inks

8.3.1 Overview

8.3.2 Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4 Animal Feed

8.4.1 Overview

8.4.2 Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5 Food Flavors and Food Fragrance

8.5.1 Overview

8.5.2 Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

8.6 Chemical Intermediates

8.6.1 Overview

8.6.2 Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

8.7 Pharmaceutical

8.7.1 Overview

8.7.2 Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

8.8 Others

8.8.1 Overview

8.8.2 Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

9. Butyric Acid Market – Geographic Analysis

9.1 Overview

9.2 North America: Butyric Acid Market

9.2.1 North America: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.2.2 North America: Butyric Acid Market, by Source

9.2.3 North America: Butyric Acid Market, by Application

9.2.4 North America: Butyric Acid Market, by Key Country

9.2.4.1 US: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.2.4.1.1 US: Butyric Acid Market, by Source

9.2.4.1.2 US: Butyric Acid Market, by Application

9.2.4.2 Canada: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.2.4.2.1 Canada: Butyric Acid Market, by Source

9.2.4.2.2 Canada: Butyric Acid Market, by Application

9.2.4.3 Mexico: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.2.4.3.1 Mexico: Butyric Acid Market, by Source

9.2.4.3.2 Mexico: Butyric Acid Market, by Application

9.3 Europe: Butyric Acid Market

9.3.1 Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.2 Europe: Butyric Acid Market, by Source

9.3.3 Europe: Butyric Acid Market, by Application

9.3.4 Europe: Butyric Acid Market, by Key Country

9.3.4.1 Germany: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.4.1.1 Germany: Butyric Acid Market, by Source

9.3.4.1.2 Germany: Butyric Acid Market, by Application

9.3.4.2 France: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.4.2.1 France: Butyric Acid Market, by Source

9.3.4.2.2 France: Butyric Acid Market, by Application

9.3.4.3 Italy: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.4.3.1 Italy: Butyric Acid Market, by Source

9.3.4.3.2 Italy: Butyric Acid Market, by Application

9.3.4.4 UK: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.4.4.1 UK: Butyric Acid Market, by Source

9.3.4.4.2 UK: Butyric Acid Market, by Application

9.3.4.5 Russia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.4.5.1 Russia: Butyric Acid Market, by Source

9.3.4.5.2 Russia: Butyric Acid Market, by Application

9.3.4.6 Rest of Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.3.4.6.1 Rest of Europe: Butyric Acid Market, by Source

9.3.4.6.2 Rest of Europe: Butyric Acid Market, by Application

9.4 Asia Pacific: Butyric Acid Market

9.4.1 Asia Pacific: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.2 Asia Pacific: Butyric Acid Market, By Source

9.4.3 Asia Pacific: Butyric Acid Market, by Application

9.4.4 Asia Pacific: Butyric Acid Market, by Key Country

9.4.4.1 Australia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.4.1.1 Australia: Butyric Acid Market, By Source

9.4.4.1.2 Australia: Butyric Acid Market, by Application

9.4.4.2 China: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.4.2.1 China: Butyric Acid Market, By Source

9.4.4.2.2 China: Butyric Acid Market, by Application

9.4.4.3 India: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.4.3.1 India: Butyric Acid Market, By Source

9.4.4.3.2 India: Butyric Acid Market, by Application

9.4.4.4 Japan: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.4.4.1 Japan: Butyric Acid Market, By Source

9.4.4.4.2 Japan: Butyric Acid Market, by Application

9.4.4.5 South Korea: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.4.5.1 South Korea: Butyric Acid Market, By Source

9.4.4.5.2 South Korea: Butyric Acid Market, by Application

9.4.4.6 Rest of Asia Pacific: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.4.4.6.1 Rest of Asia Pacific: Butyric Acid Market, By Source

9.4.4.6.2 Rest of Asia Pacific: Butyric Acid Market, by Application

9.5 Middle East and Africa: Butyric Acid Market

9.5.1 Middle East and Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.5.2 Middle East and Africa: Butyric Acid Market, By Source

9.5.3 Middle East and Africa: Butyric Acid Market, by Application

9.5.4 Middle East and Africa: Butyric Acid Market, by Key Country

9.5.4.1 South Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.5.4.1.1 South Africa: Butyric Acid Market, By Source

9.5.4.1.2 South Africa: Butyric Acid Market, by Application

9.5.4.2 Saudi Arabia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.5.4.2.1 Saudi Arabia: Butyric Acid Market, By Source

9.5.4.2.2 Saudi Arabia: Butyric Acid Market, by Application

9.5.4.3 UAE: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.5.4.3.1 UAE: Butyric Acid Market, By Source

9.5.4.3.2 UAE: Butyric Acid Market, by Application

9.5.4.4 Rest of MEA: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.5.4.4.1 Rest of MEA: Butyric Acid Market, By Source

9.5.4.4.2 Rest of MEA: Butyric Acid Market, by Application

9.6 South and Central America: Butyric Acid Market

9.6.1 South and Central America: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.6.2 South and Central America: Butyric Acid Market, By Source

9.6.3 South and Central America: Butyric Acid Market, by Application

9.6.4 South and Central America: Butyric Acid Market, by Key Country

9.6.4.1 Brazil: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

9.6.4.1.1 Brazil: Butyric Acid Market, By Source

9.6.4.1.2 Brazil: Butyric Acid Market, by Application

9.6.4.2 Argentina: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

9.6.4.2.1 Argentina: Butyric Acid Market, By Source

9.6.4.2.2 Argentina: Butyric Acid Market, by Application

9.6.4.3 Rest of South and Central America: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

9.6.4.3.1 Rest of South and Central America: Butyric Acid Market, By Source

9.6.4.3.2 Rest of South and Central America: Butyric Acid Market, by Application

10. Impact of COVID-19 Pandemic on Global Butyric Acid Market

10.1 Impact of COVID-19 on Butyric Acid Market

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.6 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 Eastman Chemical Company

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 1.2 OQ Chemicals GmbH

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 1.3 Tokyo Chemical Industry Co., Ltd.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 1.4 Perstorp Holding AB

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 1.5 Alfa Aesar

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 1.6 MERCK KGaA

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 1.7 Vigon International, LLC.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 1.8 Hefei TNJ Chemical Industry Co.,Ltd.

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 1.9 KUNSHAN ODOWELL CO.,LTD

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Yufeng International Co.,Ltd

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2. North America Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 3. North America Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 4. US Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 5. US Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 6. Canada Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 7. Canada Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 8. Mexico Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 9. Mexico Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 10. Europe Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 11. Europe Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 12. Germany Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 13. Germany Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 14. France Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 15. France Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 16. Italy Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 17. Italy Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 18. UK Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 19. UK Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 20. Russia Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 21. Russia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 22. Rest of Europe Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 23. Rest of Europe Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 24. Asia Pacific Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 25. Asia Pacific Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 26. Australia Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 27. Australia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 28. China Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 29. China Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 30. India Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 31. India Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 32. Japan Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 33. Japan Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 34. South Korea Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 35. South Korea Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 36. Rest of Asia Pacific Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 37. Rest of Asia Pacific Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 38. Middle East and Africa Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 39. Middle East and Africa Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 48. South and Central America Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)

Table 49. South and Central America Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 50. Brazil Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)

Table 51. Brazil Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 52. Argentina Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)

Table 53. Argentina Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 54. Rest of South and Central America Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)

Table 55. Rest of South and Central America Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 56. Glossary of Terms, Global Butyric Acid Market

The List of Companies_ Butyric Acid Market

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

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global butyric acid market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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