Butyric Acid Market Size, Share, Trends, Growth and Forecast Upto 2021
The Butyric Acid Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend & Growth during the study period (Upto 2021).
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Butyric acid is a carboxylic acid, also known as botanoic acid, with its esters and salts known as butanoates and butyrates which is oily, colorless chemical. Butyric acid is usually found in the milk of farm animals such as buffalo, sheep and goat and has an unpleasant smell. Butyric acid is industrially manufactured by the fermentation of starch or sugar, with the addition of putrefying cheese, added with calcium carbonate for the purpose of neutralizing the acids formed in the procedure.
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This report examines the global butyric acid market and provides information regarding the revenue (USD Million) and volume (Kilo Tons) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
A. Drivers :
– Rising demand for animal feed, especially for swine and poultry.
– Demand for renewable butyric acid in the food & flavor and pharmaceuticals sector
B. Restraints :
– Fermentation process of butyric acid is relatively expensive than chemical synthesis
Report includes a detailed analysis on value chain in order to provide a holistic view of the butyric acid market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the butyric acid industry, from raw material suppliers to end-users.
C. Porter’s five forces model has been used to depict the impact of various factors such as :
– Degree of competition
– Bargaining power of suppliers
– Threat of substitutes
– Bargaining power of buyers
– Threat of new entrants during the forecast period
The report also offers a competitive landscape of the overall market with company profiles of players such as Eastman Chemical Company, Snowco Industrial Co. Ltd., Oxea GmbH, Perstorp Holding AB, Blue Marble Biomaterials, LLC, Beijing Huamaoyuan Fragrance Flavor Co., Ltd., and Tokyo Chemical Industry Co. Ltd.
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
D. SEGMENTATIONS IN THE REPORT :
1. Butyric Acid Market by Type :
– Synthetic Butyric Acid
– Renewable Butyric Acid
2. Butyric Acid Market by Application :
– Animal Feed
– Chemical Intermediate
– Food and Flavor
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