Global Butyric Acid Market Expanding Rapidly With Oxea Announcing Production Capacities At Oberhausen Plant To Supply Carboxylic Acids

 

Butyric Acid Market

Butyric Acid, also called simply butyric, is a monosodium butyric acid with the basic chemical formula CH⅓-O-methyl-6-phenyl-2 hydroxyisopropane. It's an oily, reddish liquid with a distinctive odor. Isobutyl another name for butyric acid is usually a lighter color than butyric acid. Salts and hydrocarbons of butyric acid also contain steroids, which produces a fruity effect. Butyric acid salts and salts of butyric acid can be found in fruits, vegetables, meats, and some pharmaceuticals.

Increasing demand from various end-use industries including pharmaceuticals and food & beverage is expected to drive growth of the global butyric acid market. According to the India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical market reached US$ 20.03 billion in 2019, increasing from US$ 18.12 billion in 2018. According to the same source, India’s exports of processed food and related products reached US$ 16.2 billion during FY11-16, registering a CAGR of 11.74%. Butyric acid is widely used in the food & beverage industry due to its efficient quality control properties of milk, yogurt, and other dairy products. Thus, these factors are expected to drive growth of the global butyric acid market. Furthermore, increasing use of butyric acid as intermediates is expected to propel the global butyric acid market growth in the near future.

Risk associated with health hazards as well as fluctuating raw material prices is expected to hinder the global butyric acid market growth in the near future. However, increasing the use of butyric acid in the production of biofuels can provide lucrative growth opportunities in the global butyric acid market in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global butyric acid market. This is owing to improving healthcare infrastructure in emerging economies such as India and China. Furthermore, North America is expected to register a robust growth rate, owing to rapid growth of the pharmaceutical sector.

Key companies involved in the global butyric acid market are Beijing Huamaoyuan Fragrance Flavor Co. Ltd, Tokyo Chemical Industry Co. Ltd, Blue Marble Biomaterials, Thermo Fisher Scientific, Eastman Chemical Company, Snowco Industrial Co. Ltd, Merck KGaA, Shanghai Kayi Chemical Co. Ltd, Oxea GmbH, and Perstorp Holding AB.

For instance, in July 2018, Oxea announced to expand production capacities at Oberhausen Plant to supply carboxylic acids.

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