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