Lucintel's latest market report analyzed that butyric acid provides attractive opportunities in animal feed, chemical intermediates, food and flavors, pharmaceuticals, and perfume industries. The butyric acid market is expected to grow with a CAGR of 15.1%. In this market, synthetic butyric acid is the largest segment by product form, whereas animal feed are largest by application.
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Based on product form, the butyric acid market is segmented into synthetic butyric acid and renewable butyric acid. The synthetic butyric acid segment accounted for the largest share of the market in 2020.
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The butyric acid market is marked by the presence of several big and small players. Some of the prominent players offering butyric acid include Eastman Chemical Company, Perstorp Holding AB, Oxea GmbH, Blue Marble Biomaterials, LLC, Tokyo Chemical Industry Co. Ltd., Beijing Huamaoyuan Fragrance Flavor Co. Ltd., Snowco Industrial Co. Ltd., and Parche.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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