Lucintel Blog: Butyric acid market is anticipated to grow at a CAGR of 15.1% during 2019-2024

Monday, March 21, 2022

Butyric acid market is anticipated to grow at a CAGR of 15.1% during 2019-2024

The global butyric acid market is projected to grow at a CAGR of 15.1% during 2019-2024. The growth of butyric acid market is driven by increasing demand from various end use industries and stringent regulations relating to the use of antibiotics in animal feed especially in Europe and North America.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the butyric acid market by product form(synthetic butyric acid and renewable butyric acid), application (animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfume, and others), and region (North America, Europe, Asia Pacific, and RoW)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the butyric acid market?

Q.4 What are some changing demands of customers in the butyric acid market?

Q.5 What are the new developments in the butyric acid market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this butyric acid area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this butyric acid market?

Download Brochure of this report by clicking on https://www.lucintel.com/butyric-acid-market.aspx

Market Segmentation:

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.

Asia Pacific is expected to be the largest region over the forecast period due to increase in population and the rise in demand of the animal feed market.

Key Players in the butyric acid market are 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.

Request Sample Pages by clicking on https://www.lucintel.com/butyric-acid-market.aspx

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/butyric-acid-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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