Report : North America Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Renewable Butyric Acid and Synthetic Butyric Acid) and Application (Printing Inks, Animal Feed, Food Flavors and Food Fragrances, Chemical Intermediates, Pharmaceutical, and Others) Â Â Â Â Â Â
Renewable Butyric Acid Segment to Dominate North America Butyric Acid Market during 2020–2028
According to a new market research study on “North America Butyric Acid Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Source and Application” is expected to reach US$ 108.37 million by 2028 from 40.62 US$ million in 2021. The market is estimated to grow at a CAGR of 15.0% from 2021 to 2028. The report provides trends prevailing in the North America butyric acid market along with the drivers and restraints pertaining to the market growth. Rising demand from animal feed sector is the major factor driving the growth of the North America butyric acid market. However, issues associated with fluctuating prices of raw materials and health hazards related to handling of butyric acid hinders the growth of North America butyric acid market.
The North America butyric acid market is analyzed on three fronts: Source, application, and country. Based on source, the market has been segmented into renewable butyric acid and synthetic butyric acid. The renewable butyric acid segment held the largest market share in 2020. Based on application, the market is segmented into printing inks, animal feed, food flavors and fragrances, chemical intermediates, pharmaceuticals, and others. The animal feed segment held the largest market share in 2020. Based on country, the North America butyric acid market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.
Alfa Aesar; Eastman Chemical Company; Hefei TNJ Chemical Industry Co., Ltd.; Kunshan Odwell Co., Ltd.; MERCK KGaA; OQ Chemicals GmbH; Perstorp Holding AB; Tokyo Chemical Industry Co., Ltd.; Vigon International, LLC.; and Yufeng International Co., Ltd. are among the leading companies in the North America butyric acid market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, .
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