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Butyric Acid Market

The global butyric acid market size is projected to surpass US$ 125 million by 2027, and register a CAGR of 14.4% over the forecast period (2019 – 2027).
Butyric Acid Market - Size, Share, Trends, and Forecast
2019 – 2027
The global butyric acid market size is projected to surpass US$ 125 million
by 2027, and register a CAGR of 14.4% over the forecast period (2019 2027).
Market Overview
Butyric acid, also known by the chemical names butanoic acid and n-Butyric
acid, is a carboxylic acid that is commonly found in its esterified form in
plant oils and animal fat. Butyric acid is a colourless liquid with an
unpleasant, penetrant odour. It tastes like butter and is used as a flavouring
agent in food manufacturing. Butyric acid is soluble in water, ether, and
ethanol. It is highly corrosive to metals and tissue, and protective
eye-goggles, gloves made of PVC or rubber, as well as chemical-resistant
shoes are worn when handling butyric acid as a safety measure. For industrial
applications, butyric acid is generally prepared by fermenting starch or sugar.
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Market Dynamics
Butyric acid has several industrial applications, and recently, in the light of
increasing petroleum prices and rising need for clean energy resources,
butyric acid is being considered as a precursor to biofuels. Butyric acid may
emerge as an effective alternative for gasoline in the near future. It has a wide
demand in the transportation sector, owing to the variety of advantages
butyric acid has over ethanol. For instance, butanol is far less volatile
compared to ethanol, does not attract water which makes it ideal for
transportation in pipelines, and is also less sensitive to low temperatures.
Moreover, butyric acid has uses in the chemical and pharmaceutical
industries since it has been associated with several anticancer properties.
Several research institutes are engaged in the development of prodrugs
containing butyric acid which can be used as a potential treatment of cancers,
leukemia, and side effects of alopecia caused by chemotherapy. In the
chemical industry, butyric acid has primary application in the manufacture of
cellulose acetate butyrate plastics. In end use industries such as cosmetics,
and food and beverages, butyric acid esters are used to add fragrance and
flavor to products. These factors are expected to drive demand for butyric
acid over the forecast period.
However, environmental and health concerns associated with the handling of
butyric acid are projected to restrain growth of the global butyric acid market.
Inhaling butyric acid can cause coughing, soreness of the throat, and
respiratory problems. Furthermore, ingesting butyric acid can result in
abdominal pain, and collapse. Physical contact with butyric acid causes skin
irritation, burns, blistering, and prolonged exposure can impair the vision.
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Market Outlook
Asia Pacific is expected to emerge as the largest market for butyric acid
owing to the rapidly expanding pharmaceutical and agriculture sectors, where
butyric acid animal feed application. Agro-based economies such as India are
estimated to account for a significant market share during the forecast period.
Additionally, presence of several key players in the region coupled with
rapidly expanding end use industries is expected to facilitate growth of the
Asia Pacific butyric acid market. Stringent regulations by environmental
agencies in North America and Europe regarding the use of antibiotics in
animal feed will facilitate demand for butyric acid in biofuel production in
the regions.
Key Players
Some of the major companies operating in the global butyric acid market are
Eastman Chemical Company, Dmitrievsky Chemical Plant, and Alfa Aesar
GmbH & CO KG among others.
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