Butyric Acid Market Size, Price, value, Trends & Forecast 2028
The butyric acid market was valued at US$ 183.48 million in 2021 and is projected to reach US$ 484.55 million by 2028; it is expected to grow at a CAGR of 14.9% from 2021 to 2028.
Butyric acid is a colorless liquid with a penetrating and unpleasant odor. The acid has various important applications in chemical, food, and pharmaceutical industries. The butyric acid has many applications in the pharmaceutical industry.
In 2020, Asia Pacific held the largest revenue share of the global market. The growing number of livestock farms in Asia Pacific is increasing the consumption of animal feed and subsequently proliferating the butyric acid market. The growth in livestock farms in the Asia Pacific region can be attributed to the increased demand for quality meat products due the improving per capita income and growing health consciousness among consumers in the Asia Pacific region.
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Butyric Acid Market: Strategic Insights
Market Size Value in US$ 183.48 million in 2021 Market Size Value by US$ 484.55 million by 2028 Growth rate CAGR of 14.9% from 2021 to 2028 Forecast Period 2021- 2028 Base Year 2021
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Butyric Acid Market: Strategic Insights
| Market Size Value in | US$ 183.48 million in 2021 |
| Market Size Value by | US$ 484.55 million by 2028 |
| Growth rate | CAGR of 14.9% from 2021 to 2028 |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Butyric Acid Market
The COVID-19 pandemic has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries, which restricted the demand for butyric acid. The COVID-19 pandemic caused volatility in the prices of raw material required to produce butyric acid. The worldwide consumption of butyric acid declined due to low demand from various downstream sectors, such as food flavors, food fragrances, and chemical intermediates. The constraint availability of the raw materials and reduced demand from the downstream sectors due to COVID-19 pandemic have negatively impacted the growth of the butyric acid market.
Market Insights
Increasing Demand from Animal Feed Sector
Butyric acid is known for its beneficial effects on gut health and development. For decades, it has been in use in the animal feed industry for ensuring improved gut health and animal performance. Further, butyric acid has become a first-choice antibiotic alternative for broiler, layer, turkey, and swine producers with the animal feed industry’s shift to reduce antibiotic usage.
In recent years, the livestock industry in various countries has expanded rapidly with the shift in diet preferences among consumers toward animal proteins. Population growth, income surge, elevating living standards, and urbanization have been the key factors propelling the demand for meat worldwide. The increasing demand for meat products highlights the need for animal feed and feed additives. The growing demand for animal feed products in different regions boosts the demand for butyric acid, thereby bolstering the butyric acid market growth.
Butyric acid is one of the most beneficial short-chain fatty acids that plays a key role in uplifting digestive health, manages weight and prevents cancer. The strong growth in the pharmaceutical industry in different countries across the globe is leading to an increasing use of butyric acid for various applications. Furthermore, there is an increasing interest in using butyric acid as a precursor for producing biofuels. This is expected to offer lucrative opportunities for the growth of butyric acid market during the forecast period.
Source Insights
Based on source, the global butyric acid market has been segmented into renewable butyric acid and synthetic butyric acid. The synthetic butyric acid segment held a larger share in the global market in 2020. The synthetic butyric acid segment accounts for major share owing to its wide application for producing printing inks, disinfectants, flavors, medicines, perfumes, easters, and food additives among others.
Some of the players operating in the global butyric acid market includes, Eastman Chemical Company; OQ Chemicals GmbH; Tokyo Chemical Industry Co., Ltd.; Perstorp Holding AB; Alfa Aesar; MERCK KGaA; Vigon International, LLC.; Hefei TNJ Chemical Industry Co.,Ltd.; KUNSHAN ODOWELL CO.,LTD; and Yufeng International Co.,Ltd. Players operating in the butyric acid market focus on providing high quality products to fulfil the customer demand. These market players are highly focused towards the development of high quality and innovative services offerings to fulfil the customer’s requirements.
Butyric Acid Market Report Scope
Report Spotlights
- Progressive industry trends in the butyric acid market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the butyric acid market from 2019 to 2028
- Estimation of global demand for HR-PIB
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the butyric acid market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the butyric acid market size at various nodes
- Detailed overview and segmentation of the market, as well as the HR-PIB industry dynamics
- Size of the butyric acid market in various regions with promising growth opportunities
Global Butyric Acid Market
Source
- Renewable Butyric Acid
- Synthetic Butyric Acid
Application
- Printing Inks
- Animal Feed
- Food Flavors and Food Fragrances
- Chemical Intermediates
- Pharmaceutical
- Others
Company Profiles
- Eastman Chemical Company
- OQ Chemicals GmbH
- Tokyo Chemical Industry Co., Ltd.
- Perstorp Holding AB
- Alfa Aesar
- MERCK KGaA
- Vigon International, LLC.
- Hefei TNJ Chemical Industry Co.,Ltd.
- KUNSHAN ODOWELL CO.,LTD
- Yufeng International Co.,Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Growing demand for butyric acid from animal feed sector is one of the major driving factors for the market. Butyric acid is known for its beneficial effects on gut health and development. For decades, it has been in use in the animal feed industry for ensuring improved gut health and animal performance. The use of butyric acid in animal nutrition also helps in improving nutrient absorption.
Asia Pacific (APAC) is anticipated to grow with the fastest CAGR at rate of 15.3% from 2021 to 2028. The growing number of livestock farms in APAC is propelling animal feed consumption levels, subsequently leading to the proliferation of the butyric acid market.
Due to the COVID-19 pandemic, butyric acid manufacturers witnessed a slight disruption in the supply chain of butyric acid during the first two quarters of 2020. However, the supply chain of butyric acid materials has been restored, and production activities have regained normalcy in late 2020. Later, the market was not significantly negatively impacted by the pandemic. Further, with the growing COVID-19 vaccinations and eased in lockdown restrictions, the global economy is resuming, and subsequently, the butyric acid market is regaining its growth.
Based on application, the animal feed segment accounted the largest share of the global butyric acid market. Butyric acid and fatty acids are extensively used in production of poultry and swine feed due to its beneficial properties such as improving digestibility, better colonisation resistance, and improved growth performance among young livestock.
The major players operating in the global butyric acid market are Eastman Chemical Company; OQ Chemicals GmbH; Tokyo Chemical Industry Co., Ltd.; Perstorp Holding AB; Alfa Aesar; MERCK KGaA; Vigon International, LLC.; Hefei TNJ Chemical Industry Co.,Ltd.; KUNSHAN ODOWELL CO.,LTD; and Yufeng International Co.,Ltd.
During the forecast period, Asia Pacific is anticipated to account for the largest share in the global butyric acid market. The region houses few of the fastest developing economies of the world such as China and India and that are the major consumer of the butyric acid. Moreover, in the Asia Pacific region, there is a growing number of livestock farms which is increasing the consumption of animal feed and subsequently proliferating the butyric acid market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Butyric Acid Market, by Source
1.3.2 Butyric Acid Market, by Application
1.3.3 Butyric Acid Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Butyric Acid Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Expert Opinion
5. Butyric Acid Market – Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact Analysis
6. Butyric Acid – Global Market Analysis
6.1 Butyric Acid Market Overview
6.2 Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
6.3 Market Positioning – Global Market Players
7. Butyric Acid Market Analysis – by Source
7.1 Overview
7.2 Butyric Acid Market, by Source (2020 and 2028)
7.3 Renewable Butyric Acid
7.3.1 Overview
7.3.2 Renewable Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Synthetic Butyric Acid
7.4.1 Overview
7.4.2 Synthetic Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8. Butyric Acid Market Analysis – by Application
8.1 Overview
8.2 Butyric Acid Market, by Application (2020 and 2028)
8.3 Printing Inks
8.3.1 Overview
8.3.2 Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Animal Feed
8.4.1 Overview
8.4.2 Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Food Flavors and Food Fragrance
8.5.1 Overview
8.5.2 Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.6 Chemical Intermediates
8.6.1 Overview
8.6.2 Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.7 Pharmaceutical
8.7.1 Overview
8.7.2 Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
9. Butyric Acid Market – Geographic Analysis
9.1 Overview
9.2 North America: Butyric Acid Market
9.2.1 North America: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.2.2 North America: Butyric Acid Market, by Source
9.2.3 North America: Butyric Acid Market, by Application
9.2.4 North America: Butyric Acid Market, by Key Country
9.2.4.1 US: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.2.4.1.1 US: Butyric Acid Market, by Source
9.2.4.1.2 US: Butyric Acid Market, by Application
9.2.4.2 Canada: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.2.4.2.1 Canada: Butyric Acid Market, by Source
9.2.4.2.2 Canada: Butyric Acid Market, by Application
9.2.4.3 Mexico: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.2.4.3.1 Mexico: Butyric Acid Market, by Source
9.2.4.3.2 Mexico: Butyric Acid Market, by Application
9.3 Europe: Butyric Acid Market
9.3.1 Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.2 Europe: Butyric Acid Market, by Source
9.3.3 Europe: Butyric Acid Market, by Application
9.3.4 Europe: Butyric Acid Market, by Key Country
9.3.4.1 Germany: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.4.1.1 Germany: Butyric Acid Market, by Source
9.3.4.1.2 Germany: Butyric Acid Market, by Application
9.3.4.2 France: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.4.2.1 France: Butyric Acid Market, by Source
9.3.4.2.2 France: Butyric Acid Market, by Application
9.3.4.3 Italy: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.4.3.1 Italy: Butyric Acid Market, by Source
9.3.4.3.2 Italy: Butyric Acid Market, by Application
9.3.4.4 UK: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.4.4.1 UK: Butyric Acid Market, by Source
9.3.4.4.2 UK: Butyric Acid Market, by Application
9.3.4.5 Russia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.4.5.1 Russia: Butyric Acid Market, by Source
9.3.4.5.2 Russia: Butyric Acid Market, by Application
9.3.4.6 Rest of Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.3.4.6.1 Rest of Europe: Butyric Acid Market, by Source
9.3.4.6.2 Rest of Europe: Butyric Acid Market, by Application
9.4 Asia Pacific: Butyric Acid Market
9.4.1 Asia Pacific: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.2 Asia Pacific: Butyric Acid Market, By Source
9.4.3 Asia Pacific: Butyric Acid Market, by Application
9.4.4 Asia Pacific: Butyric Acid Market, by Key Country
9.4.4.1 Australia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.4.1.1 Australia: Butyric Acid Market, By Source
9.4.4.1.2 Australia: Butyric Acid Market, by Application
9.4.4.2 China: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.4.2.1 China: Butyric Acid Market, By Source
9.4.4.2.2 China: Butyric Acid Market, by Application
9.4.4.3 India: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.4.3.1 India: Butyric Acid Market, By Source
9.4.4.3.2 India: Butyric Acid Market, by Application
9.4.4.4 Japan: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.4.4.1 Japan: Butyric Acid Market, By Source
9.4.4.4.2 Japan: Butyric Acid Market, by Application
9.4.4.5 South Korea: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.4.5.1 South Korea: Butyric Acid Market, By Source
9.4.4.5.2 South Korea: Butyric Acid Market, by Application
9.4.4.6 Rest of Asia Pacific: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.4.4.6.1 Rest of Asia Pacific: Butyric Acid Market, By Source
9.4.4.6.2 Rest of Asia Pacific: Butyric Acid Market, by Application
9.5 Middle East and Africa: Butyric Acid Market
9.5.1 Middle East and Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.5.2 Middle East and Africa: Butyric Acid Market, By Source
9.5.3 Middle East and Africa: Butyric Acid Market, by Application
9.5.4 Middle East and Africa: Butyric Acid Market, by Key Country
9.5.4.1 South Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.5.4.1.1 South Africa: Butyric Acid Market, By Source
9.5.4.1.2 South Africa: Butyric Acid Market, by Application
9.5.4.2 Saudi Arabia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.5.4.2.1 Saudi Arabia: Butyric Acid Market, By Source
9.5.4.2.2 Saudi Arabia: Butyric Acid Market, by Application
9.5.4.3 UAE: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.5.4.3.1 UAE: Butyric Acid Market, By Source
9.5.4.3.2 UAE: Butyric Acid Market, by Application
9.5.4.4 Rest of MEA: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.5.4.4.1 Rest of MEA: Butyric Acid Market, By Source
9.5.4.4.2 Rest of MEA: Butyric Acid Market, by Application
9.6 South and Central America: Butyric Acid Market
9.6.1 South and Central America: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.6.2 South and Central America: Butyric Acid Market, By Source
9.6.3 South and Central America: Butyric Acid Market, by Application
9.6.4 South and Central America: Butyric Acid Market, by Key Country
9.6.4.1 Brazil: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
9.6.4.1.1 Brazil: Butyric Acid Market, By Source
9.6.4.1.2 Brazil: Butyric Acid Market, by Application
9.6.4.2 Argentina: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
9.6.4.2.1 Argentina: Butyric Acid Market, By Source
9.6.4.2.2 Argentina: Butyric Acid Market, by Application
9.6.4.3 Rest of South and Central America: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
9.6.4.3.1 Rest of South and Central America: Butyric Acid Market, By Source
9.6.4.3.2 Rest of South and Central America: Butyric Acid Market, by Application
10. Impact of COVID-19 Pandemic on Global Butyric Acid Market
10.1 Impact of COVID-19 on Butyric Acid Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Eastman Chemical Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 1.2 OQ Chemicals GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 1.3 Tokyo Chemical Industry Co., Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 1.4 Perstorp Holding AB
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 1.5 Alfa Aesar
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 1.6 MERCK KGaA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 1.7 Vigon International, LLC.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 1.8 Hefei TNJ Chemical Industry Co.,Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 1.9 KUNSHAN ODOWELL CO.,LTD
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Yufeng International Co.,Ltd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. North America Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 3. North America Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 4. US Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 5. US Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 6. Canada Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 7. Canada Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 8. Mexico Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 9. Mexico Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 10. Europe Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 11. Europe Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 12. Germany Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 13. Germany Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 14. France Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 15. France Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 16. Italy Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 17. Italy Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 18. UK Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 19. UK Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 20. Russia Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 21. Russia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 22. Rest of Europe Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 23. Rest of Europe Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 24. Asia Pacific Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 25. Asia Pacific Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 26. Australia Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 27. Australia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 28. China Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 29. China Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 30. India Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 31. India Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 32. Japan Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 33. Japan Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 34. South Korea Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 35. South Korea Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 36. Rest of Asia Pacific Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 37. Rest of Asia Pacific Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 38. Middle East and Africa Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 39. Middle East and Africa Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 48. South and Central America Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)
Table 49. South and Central America Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 50. Brazil Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)
Table 51. Brazil Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 52. Argentina Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)
Table 53. Argentina Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 54. Rest of South and Central America Butyric Acid Market, By Source – Revenue and Forecast to 2028 (USD Thousand)
Table 55. Rest of South and Central America Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 56. Glossary of Terms, Global Butyric Acid Market
LIST OF FIGURES
Figure 1. Butyric Acid Market Segmentation
Figure 2. Butyric Acid Market Segmentation – By Geography
Figure 3. Global Butyric Acid Market Overview
Figure 4. Global Butyric Acid Market, By Source
Figure 5. Global Butyric Acid Market, by Geography
Figure 6. Global Butyric Acid Market, Industry Landscape
Figure 7. Ecosystem: Butyric Acid Market
Figure 8. Expert Opinion
Figure 9. Global Butyric Acid Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Butyric Acid Market
Figure 11. Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. Butyric Acid Market Revenue Share, by Source (2020 and 2028)
Figure 13. Renewable Butyric Acid: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Synthetic Butyric Acids: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 16. Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. Global Butyric Acid Market Revenue Share, by Region (2020 and 2028)
Figure 23. North America: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. North America: Butyric Acid Market Revenue Share, by Source (2020 and 2028)
Figure 25. North America: Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 26. North America: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 28. Canada: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 29. Mexico: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. Europe: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 31. Europe: Butyric Acid Market Revenue Share, by Source (2020 and 2028)
Figure 32. Europe: Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 33. Europe: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. Germany: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 35. France: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 36. Italy: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 37. UK: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 38. Russia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 39. Rest of Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 40. Asia Pacific: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 41. Asia Pacific: Butyric Acid Market Revenue Share, By Source (2020 and 2028)
Figure 42. Asia Pacific: Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 43. Asia Pacific: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Australia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 45. China: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 46. India: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 47. Japan: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 48. South Korea: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 49. Rest of Asia Pacific: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 50. Middle East and Africa: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 51. Middle East and Africa: Butyric Acid Market Revenue Share, By Source (2020 and 2028)
Figure 52. Middle East and Africa: Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 53. Middle East and Africa: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 54. South Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 55. Saudi Arabia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 56. UAE: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 57. Rest of MEA: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 58. South and Central America: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 59. South and Central America: Butyric Acid Market Revenue Share, By Source (2020 and 2028)
Figure 60. South and Central America: Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 61. South and Central America: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 62. Brazil: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 63. Argentina: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 64. Rest of South and Central America: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 65. Impact of COVID-19 Pandemic in North America
Figure 66. Impact of COVID-19 Pandemic in Europe
Figure 67. Impact of COVID-19 Pandemic in Asia Pacific
Figure 68. Impact of COVID-19 Pandemic in Middle East & Africa
Figure 69. Impact of COVID-19 Pandemic in South and Central America
The List of Companies_ Butyric Acid Market
- Eastman Chemical Company
- OQ Chemicals GmbH
- Tokyo Chemical Industry Co., Ltd.
- Perstorp Holding AB
- Alfa Aesar
- MERCK KGaA
- Vigon International, LLC.
- Hefei TNJ Chemical Industry Co.,Ltd.
- KUNSHAN ODOWELL CO.,LTD
- Yufeng International Co.,Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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