Global Butyric Acid Market to 2022 - Global Industry analysis,Growth and Forecast,- Credence Researchembed
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.
Buy Now 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. Click Here To Download Detail Report: http://www.pdfdevices.com About Us: http://www.credenceresearch.com/report/butyric-acid-market Buy Now Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task. Contact Us: Media Contact Name: Chris Smith (Global Sales Manager ) Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US E-mail: [email protected] Ph: 1-800-361-8290 Web: http://www.credenceresearch.com http://www.credenceresearch.com/report/butyric-acid-market