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Global Butyric Acid Market Size

Report ID: GMI3549
Published Date: Mar 2021
Report Format: PDF

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Butyric Acid Market Size

Butyric Acid Market size exceeded USD 175 Million in 2020 and is estimated to grow at over 13.2% CAGR between 2021 and 2027 owing to increasing demand for butyric acid in food and pharmaceutical industries. Rising demand for speciality chemicals in several end use industries like food & beverages is likely to propel market growth of butyric acid across the globe.

In the recent past years, butyric acid has immense demand in pharmaceutical industry as intermediate. In addition to these, prevalence of health issue such as obesity, diabetes, anxiety and other chronic diseases coupled with favourable healthcare regulations are providing favourable growth to the butyric acid market.

Butyric Acid Market Outlook

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Further, intensifying demand for precursor to biofuels is supporting the butyric acid market growth. Research and development activities has been focused on alternative fuel sources owing to abrupt increase in the petroleum price and growing demand for clean energy sources. Thus, biofuels offer several environmental benefits like reduction of greenhouse emissions and sustainability. Additionally, biofuels are anticipated to one of the most prominent sources for replacing gasoline in the future.

Butyric Acid Market Report Attributes
Report Attribute	Details
Base Year:	2020
Butyric Acid Market Size in 2020:	178.1 (USD) Million
Forecast Period:	2021 to 2027
Historical Data for:	2016 to 2020
No. of Pages:	165
Tables, Charts & Figures:	197
Segments covered:	By Type and Application
Growth Drivers:	North America : Substantial demand of butyric acid in pharmaceutical industry Asia Pacific : Increasing demand for animal feed
Pitfalls & Challenges:	Adverse health and environmental impacts of butyric acid

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Bio butanol is used as industrial solvents and offers certain advantages over ethanol in transportation fuels. Bio Butanol which is most used as the industrial solvents and offers certain benefits over ethanol in transportation fuels is majorly used as industrial solvents and offering certain benefits especially over ethanol in transportation fuels. These listed factors are attributing towards the increasing the butyric acid market demand in biofuels.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global butyric acid industry size was more than USD 175 million in 2020 and will witness nearly 13.2% CAGR up to 2027 with higher consumption in the pharmaceutical and food applications.

The market share of butyric acid from use in the cosmetics sector is projected to go beyond USD 17.5 million by 2027 with growing use in perfume additives and other similar products.

Global butyric acid industry share from the renewable type segment is expected to surpass USD 225 million by 2027 with consistent rise in the demand for bio-based ingredients.

It is expected that the industry share from animal feed application segment could hit USD 105 million by 2027 with the increasing need to tackle problems like infectious animal diseases and intestinal health.

North America is anticipated to reach USD 90 million in valuation by 2027 with a surge in the consumption across pharmaceutical applications.