Butyric Acid Market was valued at USD 172.8 billion in 2020 and is expected to grow at a CAGR of 7% between 2021 and 2027. Butyric acid, also known by the systematic name Butanoic acid. It is a carboxylic acid with structural formula CH3CH2CH2CO2H.It is a colorless and oily liquid, soluble in ethanol, water and ether. Isobutyric acid (2-methylpropanoic acid)is an isomer. Salts and esters of butyric acid are referred to as butanoates or butyrates. This acid does not occur widely in nature, while esters are widespread. It speaks as a common industrial chemical.
Because of its wide availability and low cost butyric acid is sought out by large-scale professionals and by various end-user companies such as animal feed food and flavor and the pharmaceutical industry. Butyric acid has extensive usage in the preparation of various butyrate esters. Butyric acid is an approved food flavoring agent by the U.S. Environmental Protection Agency and it is utilized in the food industry in aquaculture of taste and aroma additives. Low molecular weight ester butyric acid, methyl-like acids resulting in a diphthong aroma and delicious, food and flavor segments in its application increased significantly. Butyric acid has anti-pathogenic properties and is used in animal feed as a supplement. Due to food safety and antibiotic resistance, the use of antibiotics in animal feed has been regulated. This butyric acid is widely used as an alternative to antibiotics as a nutritional solution, the duration of which predicts its consumption will increase significantly.
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Top Major Key Players Industries
Eastman Chemical Company
Perstorp Holding AB
Merck KGaA
Tokyo Chemical Industry Co., Ltd
OQ Chemicals GmbH
By Source
Renewable Butyric Acid
Synthetic Butyric Acid
By Application
Chemical Intermediates
Animal Feed
Pharmaceuticals
Perfumes
Food and Flavors
Other Applications
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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