Europe & APAC Butyric Acid Market Research Report Forecast to 2032
Market Overview
Synthetic butyric acid stands as the major segment in the Europe & Asia-Pacific butyric acid market, generating a substantial revenue of USD 93.0 million by 2022. Synthetic butyric acid is a chemically synthesized butyric acid that is mostly utilized in industry.
Moreover, technological advancements continue to drive growth in this segment. Innovations in manufacturing of butyric acid techniques and the goal of achieving sustainability will give new dimensions to the growth. On the other hand, the renewable butyric acid which is produced from sugarcane and corn husks is anticipated to expand at a CAGR of 13.2% by end of 2032.
The Europe & Asia-Pacific butyric acid market is driven by increasing use of butyric acid in the animal feed sector. Increasing focus on improving animal raising capacity in response to increased demand for various animal products. The need for animal feed is rising as the dairy, chicken meat, and aquaculture industries grow. As a result, the demand for butyric acid, which is utilized in animal feed, is growing. The other factor influencing demand is rapid surging demand in the food industry. Butyric acid is a widely used multifunctional ingredient in the food industries and is also used as a flavoring agent in bakery products including wafers, crackers, and cakes.
While the use of butyric acid in the pharmaceutical industry is also expected to boom market expansion opportunities as butyric acid is used in a range of products due to the benefits it gives. The presence of stringent government regulation on the grade type produced especially food grade and pharmaceutical grade and the health hazards related to exposure or consumption of larger amounts of butyric acid is expected to pose as a challenge to the market growth prospects during the forecast period.
Market Segmentation
Based on product types, Butyric Acid market is segmented into Synthetic Butyric Acid and Renewable Butyric Acid. By Application, the market is segmented into Chemical Intermediates, Animal Feed, Pharmaceuticals, Food & Flavors, Perfumes, and Others. The report on the Butyric Acid market has been segmented based on region as Europe and Asia Pacific.
Major Players
Perstorp Holding AB, Eastman Chemical Company, Metabolic Explorer, OQ Chemicals GmbH, Tokyo Chemical Industry Pvt. Ltd., Spectrum Chemical, DAYANG CHEM (HANGZHOU) CO., LTD, RX Chemicals, Sisco Research Laboratories Pvt. Ltd., and Yufeng International Group Co., Ltd.
圖表清單 List of Tables & Figures
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 33
TABLE 2 BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 50
TABLE 3 BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 50
TABLE 4 BUTYRIC ACID MARKET, VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 53
TABLE 5 BUTYRIC ACID MARKET, VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 53
TABLE 6 BUTYRIC ACID MARKET VALUE, BY REGION, 2018-2032 (USD MILLION) 57
TABLE 7 BUTYRIC ACID MARKET VOLUME, BY REGION, 2018-2032 (KILO TONS) 58
TABLE 8 EUROPE: BUTYRIC ACID MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 59
TABLE 9 EUROPE: BUTYRIC ACID MARKET VOLUME, BY COUNTRY, 2018-2032 (KILO TONS) 60
TABLE 10 EUROPE: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 60
TABLE 11 EUROPE: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 60
TABLE 12 EUROPE: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 61
TABLE 13 EUROPE: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 61
TABLE 14 GERMANY: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 62
TABLE 15 GERMANY: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 62
TABLE 16 GERMANY: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 62
TABLE 17 GERMANY: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 63
TABLE 18 FRANCE: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 63
TABLE 19 FRANCE: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 63
TABLE 20 FRANCE: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 64
TABLE 21 FRANCE: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 64
TABLE 22 U.K.: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 65
TABLE 23 U.K.: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 65
TABLE 24 U.K.: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 65
TABLE 25 U.K.: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 66
TABLE 26 SPAIN: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 66
TABLE 27 SPAIN: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 66
TABLE 28 SPAIN: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 67
TABLE 29 SPAIN: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 67
TABLE 30 ITALY: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 68
TABLE 31 ITALY: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 68
TABLE 32 ITALY: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 68
TABLE 33 ITALY: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 69
TABLE 34 ROE: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 69
TABLE 35 ROE: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 69
TABLE 36 ROE: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 70
TABLE 37 ROE: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 70
TABLE 38 ASIA-PACIFIC: BUTYRIC ACID MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 71
TABLE 39 ASIA-PACIFIC: BUTYRIC ACID MARKET VOLUME, BY COUNTRY, 2018-2032 (KILO TONS) 71
TABLE 40 ASIA-PACIFIC: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 72
TABLE 41 ASIA-PACIFIC: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 72
TABLE 42 ASIA-PACIFIC: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 72
TABLE 43 ASIA-PACIFIC: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 73
TABLE 44 CHINA: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 73
TABLE 45 CHINA: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 73
TABLE 46 CHINA: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 74
TABLE 47 CHINA: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 74
TABLE 48 INDIA: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 74
TABLE 49 INDIA: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 75
TABLE 50 INDIA: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 75
TABLE 51 INDIA: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 75
TABLE 52 JAPAN: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 76
TABLE 53 JAPAN: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 76
TABLE 54 JAPAN: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 76
TABLE 55 JAPAN: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 77
TABLE 56 SOUTH KOREA: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 77
TABLE 57 SOUTH KOREA: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 77
TABLE 58 SOUTH KOREA: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 78
TABLE 59 SOUTH KOREA: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 78
TABLE 60 ROAPAC: BUTYRIC ACID MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 78
TABLE 61 ROAPAC: BUTYRIC ACID MARKET VOLUME, BY TYPE, 2018-2032 (KILO TONS) 79
TABLE 62 ROAPAC: BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 79
TABLE 63 ROAPAC: BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2018-2032 (KILO TONS) 79
TABLE 64 COMPETITION DASHBOARD: EUROPE & APAC BUTYRIC ACID MARKET 81
TABLE 65 THE MOST ACTIVE PLAYERS IN THE EUROPE & APAC BUTYRIC ACID MARKET 84
TABLE 66 LIST OF KEY PLAYERS, BY COUNTRY 84
TABLE 67 CONTRACTS AND AGREEMENTS 88
TABLE 68 PRODUCT LAUNCH/PRODUCT DEVELOPMENT 89
TABLE 69 ANNOUNCEMENT 89
TABLE 70 OQ CHEMICALS GMBH : PRODUCTS OFFERED 91
TABLE 71 PERSTORP HOLDING AB : PRODUCTS OFFERED 94
TABLE 72 EASTMAN CHEMICAL COMPANY: PRODUCTS OFFERED 98
TABLE 73 EASTMAN CHEMICAL COMPANY : KEY DEVELOPMENTS 99
TABLE 74 TOKYO CHEMICAL INDUSTRY PVT. LTD.: PRODUCTS OFFERED 102
TABLE 75 SPECTRUM CHEMICAL: PRODUCTS OFFERED 105
TABLE 76 SPECTRUM CHEMICAL: KEY DEVELOPMENTS 105
TABLE 77 DAYANG CHEM (HANGZHOU) CO., LTD : PRODUCTS OFFERED 107
TABLE 78 RX CHEMICALS.: PRODUCTS OFFERED 109
TABLE 79 SISCO RESEARCH LABORATORIES PVT. LTD: PRODUCTS OFFERED 111
TABLE 80 METABOLIC EXPLORER: PRODUCTS OFFERED 114
TABLE 81 METABOLIC EXPLORER: KEY DEVELOPMENTS 114
TABLE 82 YUFENG INTERNATIONAL GROUP CO., LTD.: PRODUCTS OFFERED 116
LIST OF FIGURES
FIGURE 1 EUROPE & ASIA-PACIFIC BUTYRIC ACID MARKET SYNOPSIS 17
FIGURE 2 EUROPE & ASIA-PACIFIC BUTYRIC ACID MARKET: STRUCTURE 20
FIGURE 3 EUROPE & ASIA-PACIFIC BUTYRIC ACID MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032) 37
FIGURE 4 INDIA & UK ANIMAL FEED INDUSTRY REVENUE (USD BILLION) 38
FIGURE 5 EUROPE & ASIA-PACIFIC FOOD MARKET REVENUE IN 2023* (USD BILLION) 39
FIGURE 6 DRIVER IMPACT ANALYSIS (2023-2032) 40
FIGURE 7 RESTRAINT IMPACT ANALYSIS (2022-2032) 41
FIGURE 8 LEADING EUROPEAN PHARMACEUTICAL COMPANIES SPENDING ON RESEARCH & DEVELOPMENT, 2022 (USD BILLION) 42
FIGURE 9 SUPPLY CHAIN ANALYSIS: EUROPE & ASIA-PACIFIC BUTYRIC ACID MARKET 44
FIGURE 10 PORTER’S FIVE FORCES MODEL: EUROPE & ASIA-PACIFIC BUTYRIC ACID MARKET 46
FIGURE 11 BUTYRIC ACID MARKET, BY TYPES, SEGMENT ATTRACTIVENESS ANALYSIS 49
FIGURE 12 BUTYRIC ACID MARKET, BY TYPES, 2022 (VALUE % SHARE) 50
FIGURE 13 BUTYRIC ACID MARKET, BY TYPES, 2022 (VOLUME % SHARE) 51
FIGURE 14 BUTYRIC ACID MARKET, BY APPLICATION, SEGMENT ATTRACTIVENESS ANALYSIS 52
FIGURE 15 BUTYRIC ACID MARKET VALUE, BY APPLICATION, 2022 (% SHARE) 53
FIGURE 16 BUTYRIC ACID MARKET VOLUME, BY APPLICATION, 2022 (% SHARE) 54
FIGURE 17 BUTYRIC ACID MARKET VALUE, BY REGION, 2022 (% SHARE) 57
FIGURE 18 BUTYRIC ACID MARKET, BY REGION, 2022 (% SHARE) 58
FIGURE 19 EUROPE: SWOT ANALYSIS 59
FIGURE 20 ASIA-PACIFIC: SWOT ANALYSIS 71
FIGURE 21 EUROPE & APAC BUTYRIC ACID MAJOR PLAYERS MARKET SHARE ANALYSIS, 2022 (%) 82
FIGURE 22 BENCHMARKING OF MAJOR COMPETITORS 83
FIGURE 23 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022 88
FIGURE 24 OQ CHEMICALS GMBH : SWOT ANALYSIS 91
FIGURE 25 PERSTORP HOLDING AB : SWOT ANALYSIS 96
FIGURE 26 EASTMAN CHEMICAL COMPANY : SWOT ANALYSIS 99
FIGURE 27 TOKYO CHEMICAL INDUSTRY PVT. LTD. : SWOT ANALYSIS 102
FIGURE 28 SPECTRUM CHEMICAL : SWOT ANALYSIS 106
FIGURE 29 DAYANG CHEM (HANGZHOU) CO., LTD.: SWOT ANALYSIS 108
FIGURE 30 RX CHEMICALS: FINANCIAL OVERVIEW SNAPSHOT 109
FIGURE 31 RX CHEMICALS: SWOT ANALYSIS 110
FIGURE 32 SISCO RESEARCH LABORATORIES PVT. LTD: SWOT ANALYSIS 112
FIGURE 33 METABOLIC EXPLORER: SWOT ANALYSIS 115
FIGURE 34 YUFENG INTERNATIONAL GROUP CO., LTD.: SWOT ANALYSIS 117
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