Global Butyric Acid Market by Application (Animal Feed, Chemicals Intermediate, Food & Flavors, Pharmaceuticals, Perfumes, Others), by Type (Synthetic Butyric Acid, Renewable Butyric Acid), by Geography (APAC, North America, Europe, RoW) - Forecast to 2020

Butyric acid or butanoic acid is an oily, colorless chemical with the chemical formula CH3-CH2-CH2-COOH. It is naturally found in milk and other dairy products. Butyric acid is produced by synthetic and bio-based processes. In the synthetic process, butyraldehyde is produced by oxosynthesis using propylene as feedstock, which is subsequently oxidized to produce butyric acid. In the bio-based process, glucose or waste paper is fermented by a bacteria clostridium tyrobutyricum to obtain butyric acid.

The global butyric acid market was valued at $124.6 million in 2014, which is expected to grow at a CAGR of 15.1% between 2014 and 2020. The global consumption of butyric acid was estimated to be 45.0 KT in 2014, which is expected to grow at a CAGR of 8.7% between 2014 and 2020. The animal feed industry dominates the consumption of butyric acid, followed by chemicals intermediate.

The drivers of the butyric acid industry are rising demand from end-user industries, reduced usage of antibiotics in animal feed, and preference for renewable butyric acid in food and flavors industry. The major restraints for the butyric acid market are pungent smell of butyric acid and higher production cost for renewable butyric acid.

This study aims to estimate the global butyric acid/butanoic acid market in 2014 and its projected demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global butyric acid market. Various secondary sources, such as encyclopedias, directories, industry journals, and databases were used to identify and collect information useful for this extensive commercial study. The primary sources – experts from related industries and suppliers – were interviewed to obtain and verify critical information as well as to assess the future prospects of butyric acid market.

The report includes a competitive scenario of market and profiles of the leading market along with their recent developments and strategic industry activities. The key players active in this market include Eastman Chemical Company, Perstorp Holding AB, OXEA GmbH, Blue Marble Biomaterials, Tokyo Chemical Industry Co., Ltd., Beijing Huamaoyuan Fragrance Flavor Co., Ltd., and Snowco Industrial Co., Ltd.

Scope of the report:

This research report categorizes the global market for butyric acid/butanoic acid on the basis of application and geography along with forecast volume, value, and analysis of trends in each of the submarket.

On the Basis of Application:

• Animal Feed
• Chemicals Intermediate
• Food and Flavors
• Pharmaceuticals
• Perfumes and Others

On the Basis of Geography:

• Asia-Pacific
• North America
• Europe
• RoW

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of Butyric Acid Market
    2.2 Arriving at the Butyric Acid Size
           2.2.1 Supply-Side Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Butyric Acid Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Global Butyric Acid, By Application (Page No. - 29)
    5.1 Introduction
    5.2 Global Butyric Acid in Animal Feed, By Geography
    5.3 Global Butyric Acid in Chemicals Intermediate, By Geography
    5.4 Global Butyric Acid in Food and Flavors , By Geography
    5.5 Global Butyric Acid in Pharmaceuticals, By Geography
    5.6 Global Butyric Acid in Perfumes and Others, By Geography

6 Butyric Acid Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 Global Butyric Acid Market, Type Comparison
    6.3 Global Synthetic Butyric Acid Market, By Geography
    6.4 Global Renewable Butyric Acid Market, By Geography

7 Global Butyric Acid Market, By Geography (Page No. - 51)
    7.1 Introduction
    7.2 Asia-Pacific Butyric Acid Market
           7.2.1 Asia-Pacific Butyric Acid Market, By Application
           7.2.2 Asia-Pacific Butyric Acidmarket, By Type
    7.3 North America Butyric Acid Market
           7.3.1 North America Butyric Acid Market, By Application
           7.3.2 North America Butyric Acid Market, By Type
    7.4 Europe Butyric Acid Market
           7.4.1 Europe Butyric Acid Market, By Application
           7.4.2 Europe Butyric Acid Market, By Type
    7.5 Rest of the World(Row) Butyric Acid Market
           7.5.1 RoW Butyric Acid Market, By Application
           7.5.2 RoW Butyric Acid Market, By Type

8 Global Butyric Acid Market: Competitive Landscape (Page No. - 77)
    8.1 Global Butyric Acid Market: Company Share Analysis
    8.2 Company Presence in Butyric Acid Market, By Region
    8.3 Expansions
    8.4 New Product Launch

9 Global Butyric Acid Market, By Company (Page No. - 81)
    9.1 Eastman Chemical Company
           9.1.1 Overview
           9.1.2 Key Financials
           9.1.3 Product and Service Offerings
           9.1.4 Related Developments
           9.1.5 MMM View
    9.2 Perstorp Holding AB
           9.2.1 Overview
           9.2.2 Key Financials
           9.2.3 Product and Service Offerings
           9.2.4 Related Developments
           9.2.5 MMM View
    9.3 Oxea GmbH
           9.3.1 Overview
           9.3.2 Product and Service Offerings
           9.3.3 Related Developments
           9.3.4 MMM View
    9.4 Blue Marble Biomaterials
           9.4.1 Overview
           9.4.2 Product and Service Offerings
           9.4.3 Related Developments
           9.4.4 MMM View
    9.5 Tokyo Chemical Industry Co., Ltd.
           9.5.1 Overview
           9.5.2 Product and Service Offerings
           9.5.3 MMM View
    9.6 Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
           9.6.1 Overview
           9.6.2 Product and Service Offerings
           9.6.3 MMM View
    9.7 Snowco Industrial Co., Ltd.
           9.7.1 Overview
           9.7.2 Product and Service Offerings
           9.7.3 MMM View

10 Appendix (Page No. - 93)
     10.1 Customization Options
             10.1.1 Technical Analysis
             10.1.2 Low-Cost Sourcing Locations
             10.1.3 Regulatory Framework
             10.1.4 Global Butyric Acid Usage Data
             10.1.5 Impact Analysis
             10.1.6 Trade Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots

List of Tables (50 Tables)

Table 1 Global Butyric Acid- Peer Market Size, 2014
Table 2 Global Mixed Xylene Application Market, Value (Usd Bn),2014
Table 3 Global Butyric Acid Market: Drivers and Inhibitors
Table 4 Global Butyric Acid Market, By Application, 2014-2020 (USD MN)
Table 5 Global Butyric Acid Market, By Application,2014-2020 (KT)
Table 6 Global Butyric Acid Market, By Type,2014-2020 (USD MN)
Table 7 Global Butyric Acid Market, By Type,2014-2020 (KT)
Table 8 Global Butyric Acid Market: Comparison With Application Markets,2012-2019 (Usd Bn)
Table 9 Global Butyric Acid Market, By Application, 2014-2020 (USD MN)
Table 10 Global Butyric Acid: Market, By Application, 2014-2020 (KT)
Table 11 Global Butyric Acid Market in Animal Feed, By Geography,2014-2020 (USD MN)
Table 12 Global Butyric Acid Market in Animal Feed, By Geography, 2014-2020 (KT)
Table 13 Global Butyric Acid Market in Chemicals Intermediate, By Geography,2014-2020 (USD MN)
Table 14 Global Butyric Acid Market in Chemicals Intermediate, By Geography,2012-2019 (KT)
Table 15 Global Butyric Acid Market in Food and Flavors, By Geography,2014-2020 (USD MN)
Table 16 Global Butyric Acid Market in Food and Flavors, By Geography,2014-2020 (KT)
Table 17 Global Butyric Acid Market in Pharmaceuticals, By Geography,2014-2020 (USD MN)
Table 18 Global Butyric Acid Market in Pharmaceuticals, By Geography,2014- 2020 (KT)
Table 19 Global Butyric Acid Market in Perfumes and Others, By Geography,2014-2020 (USD MN)
Table 20 Global Butyric Acid Market in Perfumes and Others, By Geography,2014- 2020 (KT)
Table 21 Global Butyric Acid Market, By Type, 2014-2020 (USD MN)
Table 22 Global Butyric Acid Market, By Type, 2014-2020 (KT)
Table 23 Global Butyric Acid Market: Type Comparison With Parent Market,2012–2019 (USD MN)
Table 24 Global Synthetic Butyric Acid  Market, By Geography, 2014–2020 (USD MN)
Table 25 Global Synthetic Butyric Acid Market, By Geography, 2014–2020 (KT)
Table 26 Global Renewable Butyric Acid Market, By Geography, 2014-2020 (USD MN)
Table 27 Global Orthoxylene Market, By Geography, 2012-2019 (KT)
Table 28 Global Butyric Acid Market:  By Geography, 2014-2020 (USD MN)
Table 29 Global Butyric Acid Market:  By Geography, 2014-2020 (KT)
Table 30 Asia-Pacific Butyric/Butanoic Acid Market, By Application, 2014-2020 (USD MN)
Table 31 Asia-Pacific Butyric/Butanoic Acid Market, By Application, 2014-2020 (KT)
Table 32 Asia-Pacific Butyric/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Table 33 Asia-Pacific Butyric/Butanoic Acid Market, By Type, 2014-2020 (KT)
Table 34 North America Butyric/Butanoic Acid Market, By Application, 2014-2020 (USD MN)
Table 35 North America Butyric/Butanoic Acid Market, By Application, 2014-2020 (KT)
Table 36 North America Butyric/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Table 37 North America Butyric/Butanoic Acid Market, By Type, 2014-2020 (KT)
Table 38 Europe Butyric/Butanoic Acid Market, By Application, 2014-2020 (USD MN)
Table 39 Europe Butyric Acid Market, By Application, 2014-2020 (KT)
Table 40 Europe Butyric Acid/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Table 41 Europe Butyric Acid/Butanoic Acid Market, By Type, 2014-2020 (KT)
Table 42 RoW Butyric Acid/Butanoic Acid Market, By Application, 2014-2020 (USD MN)
Table 43 RoW Butyric Acid/Butanoic Acid Market,  By Application, 2014-2020 (KT)
Table 44 RoW Butyric Acid/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Table 45 RoW Butyric Acid/Butanoic Acid Market, By Type, 2014-2020 (KT)
Table 46 Global Mixed Xylene Market: Company Share Analysis, 2014 (%)
Table 47 Global Butyric Acid/Butanoic Acid Market: Expansions
Table 48 Global Butyric Acid/Butanoic Acid Market: New Product Launch
Table 49 BP PLC : Key Financials, 2010-2014 (USD MN)
Table 50 Perstorp Holding AB,   Key Financials, 2010 - 2014 (USD MN)

List of Figures (48 Figures)

Figure 1 Global Butyric Acid Market: Segmentation & Coverage
Figure 2 Butyric Acid Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Supply Side Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Global Butyric Acid Market Snapshot
Figure 8 Butyric Acid Market: Comparison With Parent Market
Figure 9 Global Butyric Acid Market, By Application, 2014 vs  2020
Figure 10 Global Butyric Acid Market: Growth Analysis, By Type, 2014-2020 (%)
Figure 11 Global Butyric Acid Market: Comparison With Application Markets,2014-2020 (USD MN)
Figure 12 Butyric Acid: Application Market Scenario
Figure 13 Global Butyric Acid Market, By Application, 2014 & 2020 (USD MN)
Figure 14 Global Butyric Acid Market, By Application, 2014 & 2020 (KT)
Figure 15 Global Butyric Acid Market in Animal Feed, By Geography,2014-2020 (USD MN)
Figure 16 Global Butyric Acid Market in Chemicals Intermediate, By Geography,2014- 2020 (USD MN)
Figure 17 Global Butyric Acid Market in Food and Flavors, By Geography,2014-2020 (USD MN)
Figure 18 Global Butyric Acid Market in Pharmaceuticals, By Geography,2014 - 2020 (USD MN)
Figure 19 Global Butyric Acid Market in Perfumes and Others, By Geography,2014 - 2020 (USD MN)
Figure 20 Global Butyric Acid Market, By Type, 2014-2020 (USD MN)
Figure 21 Global Butyric Acid Market, By Type, 2014 & 2020 (KT)
Figure 22 Global Butyric Acid Market: Type Comparison, 2014–2020 (USD MN)
Figure 23 Global Synthetic Butyric Acid  Market, By Geography, 2014–2020 (USD MN)
Figure 24 Global Renewable Butyric Acid Market, By Geography, 2014-2020 (USD MN)
Figure 25 Global Butyric Acid Market: Growth Analysis, By Geography,2014-2020 (USD MN)
Figure 26 Global Butyric/Butanoic Acid Market: Growth Analysis, By Geography, 2014-2020 (KT)
Figure 27 Asia-Pacific Butyric/Butanoic Acid Key Market Overview, 2014 & 2020 (%)
Figure 28 Asia-Pacific Butyric/Butanoic Acid Market, By Key Application, 2014-2020 (USD MN)
Figure 29 Asia-Pacific Butyric/Butanoic Acid Market: Key Application Snapshot
Figure 30 Asia-Pacific Butyric/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Figure 31 North America Butyric/Butanoic Acid Key Market Overview, 2014 & 2020 (%)
Figure 32 North America Butyric/Butanoic Acid Market, By Key Application, 2014-2020 (USD MN)
Figure 33 North America Butyric/Butanoic Acid:  Key Application Snapshot
Figure 34 North America Butyric/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Figure 35 Europe Butyric/Butanoic Acid Key Market Overview, 2014 & 2020 (%)
Figure 36 Europe Butyric/Butanoic Acid Market, By Key Application, 2014-2020 (USD MN)
Figure 37 Europe Butyric Acid/Butanoic Acid Application Snapshot
Figure 38 Europe Butyric Acid/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Figure 39 RoW Butyric Acid/Butanoic Acid Key Market Overview, 2014 & 2020
Figure 40 RoW Butyric Acid/Butanoic Acid Market, By Application, 2014-2020 (USD MN)
Figure 41 RoW Butyric Acid/Butanoic Acid Market:  Key Application Snapshot
Figure 42 RoW Butyric Acid/Butanoic Acid Market, By Type, 2014-2020 (USD MN)
Figure 43 Global Butyric Acid/Butanoic Acid Market: Company Share Analysis, 2014
Figure 44 Butyric Acid: Company Product Coverage, By Region, 2014
Figure 45 Eastman Chemical Company Revenue Mix 2014
Figure 46 Perstorp Holding AB.  Revenue Mix 2014
Figure 47 Company Revenues, 2010-2014 (USD MN)
Figure 48 Beijing Huamaoyuan Fragrance Flavor Co., Ltd., Revenue Mix, 2014

Butyric acid is produced by synthetic and bio-based processes. Synthetic butyric acid market holds nearly 93% of the total global butyric acid production, while bio-based butyric acid accounts for the remaining 7%. More than half of the butyric acid produced is consumed in animal feed application segment and rest is consumed by chemical intermediates, food and flavors, pharmaceuticals, perfumes, and other applications.

Asia-Pacific is the leading consumer of butyric acid which 46.4% market share. Asia-pacific is the hub for meat and chemical industry. Butyric acid is used in animal feed which is consumed in poultry, swine, and dairy segments. China and India are the major producers for chemicals and its intermediates, which boosts the consumption of butyric acid in this region. Asia-Pacific is also the major producer of pharmaceuticals, which consumes butyric acid. The Asia-Pacific butyric acid market is projected to grow at a CAGR of 10.9% in coming years.

In addition to this, associations in Europe and North America have asked to reduce the use of antibiotics in production of animal feed and use butyric acid instead, which will further drive the consumption of butyric acid.

The global butyric acid market was valued at $124.6 million in 2014, which is projected to reach $289.3 million by 2020, at a CAGR of 16.3% between 2014 and 2020. The rising demand for butyric acid from end-use industries, such as animal feed, chemical intermediate, food and flavors, pharmaceutical, perfumes, and others is contributing to the growth of butyric acid market globally.

The animal feed application segment accounted for 61.0% share of the total global butyric acid market in 2014.

The key players in the global butyric acid market include, Eastman Chemical Company, Perstorp Holding AB, Oxea GmbH, Blue Marble Biomaterials LLC, Tokyo Chemical Industry Co., Ltd., Snowco Industrial Co., Ltd., and others.