Asia Pacific 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)
The butyric acid market in APAC is expected to grow from US$ 69.28 million in 2021 to US$ 188.00 million by 2028. It is estimated to grow at a CAGR of 15.3% from 2021 to 2028.
Butyric acid has many applications in the pharmaceutical industry. It is a short-chain fatty acid that plays a key role in improving digestive health, managing weight, and preventing cancer. The compound is well known for its anti-cancer effects as it induces morphological and biochemical differentiation in various cells; it has also been studied for its colon cancer-suppressing abilities. Also, Specialty chemicals are used across different end-use industries, such as food, chemical, and flavors, to formulate or manufacture another product. There are various applications of specialty chemicals in the manufacturing of food products.
Butyric acid is a vital specialty chemical with wide industrial applications in chemical, food, and other industries. The esters of butyric acid are employed as additives in synthesizing food flavors and aroma supplements. Butyric acid esters with low molecular weight, such as methyl butyrate, have mostly pleasant aromas or tastes. Hence, they are majorly used as food additives. Hence, the increasing use of butyric acid as a specialty chemical in industries, such as food and chemicals, is leading to significant trends in the butyric acid market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC butyric acid market at an attractive CAGR during the forecast period.
APAC Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)
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APAC Butyric Acid Market Segmentation
The APAC 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 APAC butyric acid market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
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.; and Yufeng International Co., Ltd. are the leading companies in the APAC butyric acid market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Butyric Acid Market, by Source
1.3.2 APAC Butyric Acid Market, by Application
1.3.3 APAC Butyric Acid Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Butyric Acid Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Butyric Acid Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Animal Feed Sector Raising the Demand
5.1.2 Surging Applications in Pharmaceuticals Industry
5.2 Market Restraints
5.2.1 Fluctuating Prices of Raw Materials and Health Hazards Related to Handling
5.3 Market Opportunities
5.3.1 High Demand of Butyric Acid for to Biofuels
5.4 Future Trends
5.4.1 Huge Need for Specialty Chemicals
5.5 Impact Analysis
6. Butyric Acid Market – APAC Analysis
6.1 APAC Butyric Acid Market Overview
6.2 APAC Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
7. APAC Butyric Acid Market Analysis – by Source
7.1 Overview
7.2 APAC Butyric Acid Market, by Source (2020 and 2028)
7.3 Renewable Butyric Acid
7.3.1 Overview
7.3.2 Renewable Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Synthetic Butyric Acid
7.4.1 Overview
7.4.2 Synthetic Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8. APAC Butyric Acid Market Analysis – by Application
8.1 Overview
8.2 APAC Butyric Acid Market, by Application (2020 and 2028)
8.3 Printing Inks
8.3.1 Overview
8.3.2 Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Animal Feed
8.4.1 Overview
8.4.2 Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Food Flavors and Food Fragrance
8.5.1 Overview
8.5.2 Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.6 Chemical Intermediates
8.6.1 Overview
8.6.2 Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.7 Pharmaceutical
8.7.1 Overview
8.7.2 Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
9. APAC Butyric Acid Market – Country Analysis
9.1 Overview
9.1.1 APAC: Butyric Acid Market, by Key Country
9.1.1.1 Australia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.1 Australia: Butyric Acid Market, By Source
9.1.1.1.2 Australia: Butyric Acid Market, by Application
9.1.1.2 China: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 China: Butyric Acid Market, By Source
9.1.1.2.2 China: Butyric Acid Market, by Application
9.1.1.3 India: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3.1 India: Butyric Acid Market, By Source
9.1.1.3.2 India: Butyric Acid Market, by Application
9.1.1.4 Japan: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.1 Japan: Butyric Acid Market, By Source
9.1.1.4.2 Japan: Butyric Acid Market, by Application
9.1.1.5 South Korea: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.5.1 South Korea: Butyric Acid Market, By Source
9.1.1.5.2 South Korea: Butyric Acid Market, by Application
9.1.1.6 Rest of APAC: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.6.1 Rest of APAC: Butyric Acid Market, By Source
9.1.1.6.2 Rest of APAC: Butyric Acid Market, by Application
10. Company Profiles
10.1 Eastman Chemical Company
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 OQ Chemicals GmbH
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Tokyo Chemical Industry Co., Ltd.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Perstorp Holding AB
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Alfa Aesar
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 MERCK KGaA
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Hefei TNJ Chemical Industry Co.,Ltd.
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 KUNSHAN ODOWELL CO.,LTD
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Yufeng International Co.,Ltd
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. Australia Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 3. Australia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 4. China Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 5. China Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 6. India Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 7. India Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 8. Japan Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 9. Japan Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 10. South Korea Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 11. South Korea Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 12. Rest of APAC Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)
Table 13. Rest of APAC Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 14. Glossary of Terms, APAC Butyric Acid Market
LIST OF FIGURES
Figure 1. APAC Butyric Acid Market Segmentation
Figure 2. APAC Butyric Acid Market Segmentation – By Country
Figure 3. APAC Butyric Acid Market Overview
Figure 4. APAC Butyric Acid Market, By Source
Figure 5. APAC Butyric Acid Market, by Country
Figure 6. Ecosystem: APAC Butyric Acid Market
Figure 7. Expert Opinion
Figure 8. APAC Butyric Acid Market Impact Analysis of Drivers and Restraints
Figure 9. APAC Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 10. APAC Butyric Acid Market Revenue Share, by Source (2020 and 2028)
Figure 11. APAC Renewable Butyric Acid: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. APAC Synthetic Butyric Acids: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. APAC Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 14. APAC Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. APAC Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. APAC Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. APAC Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. APAC Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. APAC Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. APAC: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. APAC: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Australia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. China: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. India: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. Japan: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 26. South Korea: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. Rest of APAC: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
- 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.
- Yufeng International Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC butyric acid market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC butyric acid market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the butyric acid market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution