The butyric acid market is expected to grow at a compound annual growth rate (CAGR) of 16.6% from 2022 to 2032, from its 2021 valuation of US$307.2 million to US$1.6 billion. With a projected compound annual growth rate (CAGR) of more than 17.6% from 2022 to 2032, synthetic butyric acid is anticipated to be the segment that generates the most revenue.
Mostly used in industry, synthetic butyric acid is butyric acid that has been chemically synthesised. Among other things, printing inks, disinfectants, flavours, medicines, and fragrances are all made with synthetic butyric acid. Synthetic butyric acid is used to make butyrate of cellulose acetate (CAB), which is used in many different kinds of coatings, parts, and gadgets.
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Cost Effectiveness of Butyric Acid Propels its Demand in Animal Feed Applications
Mostly used in industry, synthetic butyric acid is butyric acid that has been chemically synthesised. Among other things, printing inks, disinfectants, flavours, medicines, and fragrances are all made with synthetic butyric acid. Synthetic butyric acid is used to make butyrate of cellulose acetate (CAB), which is used in many different kinds of coatings, parts, and gadgets.
Besides, butyric acid is well known for its anti-cancer properties. The chemical is also being studied by researchers for its ability to prevent colon cancer. According to some studies, it can also be used to treat Crohn’s disease and irritable bowel syndrome. These factors are driving the growth of butyric acid market.
Key Takeaways from the Study
- Butyric Acid Market was valued at US$ 307.2 Mn in 2021. According to Fact.MR, Butyric Acid Market revenue would increase 4.6X between 2022 and 2032, reaching roughly US$ 1.6 Bn in 2032.
- In terms of Product Type, Synthetic Butyric Acid is projected to account for the highest projected CAGR of over 17.6%.
- In terms of application, Animal feed accounted for the highest CAGR of 14.5% during the historic period (2017-21).
- US is the dominant country in Butyric Acid Market with an expected absolute dollar growth opportunity of over US$ 260.2 Mn.
Competitive Landscape
Due to the presence of many global as well as domestic players the butyric acid market is a competitive market. Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Butyric Acid Market are focused on their alliances and technology collaborations. The Tier 2 Players in the market are targeting to increase their Butyric Acid Market share.
Some of the recent developments of key Butyric Acid providers are as follows:
- In May 2022 Petronas chemical group acquired Perstorp Holding AB, this acquisition will increase innovation and sustainable transformation of the new product for Petronas chemical group.
Similarly, recent developments related to companies in Butyric Acid Market have been tracked by the team at Fact.MR, which are available in the full report.
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Butyric Acid Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Butyric Acid Market in terms of Product Type (Synthetic Butyric Acid, Renewable Butyric Acid), Application (Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceutical, Other Applications) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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