Research and Markets: Butyric Acid (Synthetic Butyric Acid & Renewable Butyric Acid) Market 2015 – Global Analysis and Forecasts to 2020
September 14, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/4zckpl/butyric_acid) has announced the addition of the “Butyric Acid Market by Application, by Type, by Geography – Global Analysis and Forecast to 2020” report to their offering.
The global market value of butyric acid is estimated to be USD 124.6 million in 2015 and is projected to grow at a CAGR of about 15.1% between 2015 and 2020 to reach USD 289.3 million by 2020.
The impact of different market factors, such as drivers and restraints is also illustrated in the report. This gives an idea about the key drivers such as growth in animal feed industry, especially in poultry and swine, reduced usage of anti-biotics in animal feed and a preference for renewable butyric acid in food & flavor and pharmaceutical sectors. Low production and high costs are factors limiting the growth of renewable butyric acid. Also, the pungent smell of butyric acid limits its direct use in applications.
The global butyric acid market is classified based on different applications. The important applications include animal feed, chemicals intermediate, food & flavors, pharmaceuticals, perfumes, and others. The animal feed, food & flavor and pharmaceuticals sectors, all have seen growth or resurgence that is contributing to a projected increase in the world-wide market for butyric acid.
These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product launches were the second-most preferred strategies by the top players in 2014 that were driving the demand of butyric acid.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Butyric Acid Market, by Application
6 Butyric Acid Market, by Geography
7 Butyric Acid Market, Competitive Landscape
8 Butyric Acid Market, by Company
– Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
– Blue Marble Biomaterials, Llc
– Eastman Chemical Company
– Oxea Gmbh
– Perstorp Holding Ab
– Snowco Industrial Co., Ltd.
– Tokyo Chemical Industry Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/4zckpl/butyric_acid
View source version on businesswire.com: http://www.businesswire.com/news/home/20150914005704/en/
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