Global Butyric Acid Market 2016-2020

This market research report identifies players like Blue Marble Biomaterials, Eastman, Thermo Fisher, OXEA, and Perstorp to be the key vendors in the global butyric acid market. This research report also presents a detailed segmentation of the market by type (synthetics and renewable butyric acid), by application (animal feed, chemicals intermediate, foods and flavors, and others), and by geography (APAC, Europe, North America, and ROW).

Global outlook of the butyric acid market

According to Technavio’s market research analysis, the global butyric acid market is projected to grow at a CAGR of more than 12% during the forecast period.  Owing to its wide availability and low cost, butyric acid finds massive demand across various end-user industries such as animal feed, food and flavor, and pharmaceutical industries. Butyric acid has extensive usage in the preparation of various butyrate esters. Butyric acid is an approved food flavoring agent by the US Environmental Protection Agency, and it is utilized in the food industry in the form of taste and aroma additives. The low molecular weight esters of butyric acids, such as methyl butyrate, have pleasant aromas and tastes, as a result of which, its application in the food and flavors segment increased significantly. Butyric acid has anti-pathogenic properties and is used in animal feed as a supplement. Food safety and antibiotic resistance have led to the regulation of the use of antibiotics in the animal feed. Since butyric acid is extensively used as an alternative to the antibiotic nutritional solution, its consumption over the predicted period will increase significantly.

APAC will continue to dominate the global butyric acid market during the forecast period and is likely to occupy more than 55% of the total market share by 2020. Much of this region’s growth is due to the growing population and the increasing demand for healthy and convenience food products. Another factor driving the growth of the market in this region is the increasing demand for butyric acid in the animal feed segment. The recent reduction in the use of antibiotics in the animal feed industry in APAC has generated massive opportunities for the demand of butyric acid. The growing demand for renewable butyric acid in the food and flavor and pharmaceutical sectors will positively aid in the growth of the overall market in the coming years.

Competitive landscape and key vendors

The global butyric market includes several players in the specialty chemicals sector that manufacture acids, which are primarily used as a raw material for the food and feed industries. The possibility of new players entering this market is high because of low initial investments. However, the strong position of the leading players in the market, with sizeable market shares, will pose a serious threat to the new players. In addition, the rapid growth of the market will also attract several cross-industry vendors during the forecast period.

Leading vendors in the market are -

• Blue Marble Biomaterials
• Eastman
• Thermo Fisher
• OXEA
• Perstorp

Other prominent vendors in the butyric acid market include Tokyo Chemical Industry, Beijing Huamaoyuan Fragrance Flavor, Snowco, Alfa Aesar, and Sigma-Aldrich.

Segmentation by type and analysis of the butyric acid market

• Synthetic butyric acid
• Renewable butyric acid

The synthetic butyric acid segment is the most popular segment in the market and is anticipated to occupy around 61% of the total market share by 2020. The primary reason for this segment’s growth is the growing consumption of synthetic butyric acid in the APAC countries of India and China. Synthetic butyric acid is considered as the primary raw material for animal feeds, especially for swine and poultry. Also, the synthesis of butyric acid by efficient and low-cost fermentation processes will make them attractive as raw materials in various industries, resulting in higher growth prospects for this segment in the coming years.

Segmentation by application and analysis of the butyric acid market

• Animal feed
• Chemicals intermediate
• Foods and flavors

The animal feed segment dominates the market in terms of application, and is likely to occupy more than 67% of the total market share during the forecast period. The rapid increase in the demand for quality animal feed will also augment the usage of butyric acid because of its health benefits. Feed manufacturers are opting for safe, healthy, and economic flavors, which have led to the introduction of several butyric acid-based products in the market. Rising health consciousness among end-user customers will result in the increased demand for butyric acid, especially across the meat markets. Also, factors such as improving nutrient availability and digestibility will drive the animal feed market in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global butyric acid market?
• What are the key market trends impacting the growth of the global butyric acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global butyric acid market?
• What are the market opportunities and threats faced by the vendors in the global butyric acid market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global butyric acid market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Muconic Acid Market 2015-2019
• Global Formic Acid Market 2015-2019

Butyric acid is an organic compound and falls under the carboxylic acids group. It is primarily derived from propylene and is synthesized by oxo synthesis process. It is used in across a broad range of industries including food, pharmaceutical, and chemical industries. Increasing production of butyric acid has been observed in the agriculture industry and processing wastes. It also has extensive applications in the chemical industry. In addition, it is a precursor to biofuels. R&D activities toward alternative fuel sources coupled with the rise in petroleum prices, scarcity of crude oil, and an augmented demand for clean energy will drive the demand for butyric acid. Environmental advantages offered by biofuels include reduction of greenhouse gas emissions, sustainability, and security of supply. Moreover, in the future, biofuels are the most promising source for replacing gasoline. Significant attention is paid to bio-butanol as it has advantages over ethanol as transportation fuels.

The report, global butyric acid market, is part of Technavio’s chemicals and materials research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as additives, adhesives and sealants, agrochemicals and fertilizers, bio-chemicals and bio-materials, chemical engineering equipment, glass and ceramics, industrial gases, metals and minerals, olefins, paints, coatings, and pigments, personal protective equipment, plastics, polymers, and elastomers, and specialty chemicals. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.