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Butyric Acid Market

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Specialty Chemicals

Butyric Acid: The global butyric acid market was valued at USD 124.6 Million in 2014, and is expected to reach USD 289.3 Million by 2020, at a CAGR of 15.1% between 2015 and 2020

The butyric acid market is estimated to reach 74.4 thousand tons by volume by 2020, signifying a CAGR of over 8.7% between 2015 and 2020.

The global market for butyric acid, along with its applications, showed a high growth in the past few years and is estimated to continue in the coming years. An increase in the demand in animal feed, food & flavor and pharmaceuticals applications will be the key influencing factors for the global butyric acid market. The animal feed sector comprises 61.4% of the market in 2014. The second biggest application segment is the chemicals intermediate at 12.8% in terms of value.

Currently, the Asia-Pacific region is the largest consumer of butyric acid and is estimated to grow at the highest CAGR 16.3%. The countries such as China and India are expected to lead the Asia-Pacific butyric acid market, with China having the largest share in the regional volumetric consumption of butyric acid. It is due to the rising demand for meat, food & flavors. The market volume of butyric acid is comparatively low in the RoW region, however, the estimated growth for the North America region is second highest after Asia-Pacific.

The North America and European regions are the most active markets in terms of strategic initiatives, owing to their market demand. The animal feed application has led to the rapid growth in the butyric acid market.

The significant butyric acid manufacturers include Eastman Chemical Company(U.S.), OXEA GmbH (Germany), Perstorp Holding AB(Germany), Tokyo Chemical Industry Co. Ltd.(Japan), Blue Marble Biomaterials(U.S.), Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc. (China), Snowco industrial Co., Ltd. (China) and others.

This report covers the global market for butyric acid by key regions and important countries in each of these regions. It also provides a detailed segmentation of the butyric acid market on the basis of different type, along with their key applications upto 2020.

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