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Global Butyric Acid Market to 2022 - Global Industry analysis,Growth and Forecast,- Credence Research

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In terms of revenue in 2014, the global market for butyric acid was calculated to be USD 120.0 million and is projected to reach USD 329.9 million by 2022, growing at a CAGR of 14.0% from 2015 to 2022.
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Global Butyric Acid Market Is Projected To Reach USD
329.9 Million By 2022
Report Description:
In terms of revenue in 2014, the global market for butyric acid was calculated to be USD 120.0
million and is projected to reach USD 329.9 million by 2022, growing at a CAGR of 14.0% from
2015 to 2022.
Browse Full Report At http://www.credenceresearch.com/report/butyricacid-market
The major factors driving the market growth of butyric acid are rising demand from various end
user industries, ban on consumption of antibiotics in animal feed in some countries. However,
unpleasant smell of butyric acid is the major factor inhibiting the market growth. Rising demand
of renewable butyric acid from food and flavors industries can provide huge market potential
over the coming years.
By application, rising demand from animal feed segment is influencing the overall market
growth. In 2014, it accounted 40% share of the total market and projected to maintain its
dominance during the forecast period. It is also one of the fastest growing market. The second
biggest application segment is the chemicals intermediate at 23.4% in terms of value in 2014.
However, pharmaceuticals segment is projected to witness average growth rates during the
forecast period.
Browse All Reports Of This Category: http://www.credenceresearch.com/industry/chemicalsmarket
By geography, Asia Pacific is the largest and fastest growing market. It is projected to grow at a
CAGR of 14.4% from 2015 to 2022. India and China are the two major contributors towards the
market growth. It is due to rising demand for meat, and food & flavors, increasing concerns for
animal care. Asia Pacific was followed by North America and accounted for 30% share of the
market in 2014 in terms of value. The market volume of butyric acid is comparatively low in the
RoW region.
Some of the major players present in this market are Oxea Gmbh, Eastman Chemical Company,
Perstorp Holding Ab, Blue Marble Biomaterials, Llc, Tokyo Chemical Industry Co., Ltd. and
Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
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