Europe 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)

Code: TIPRE00029115 | Pages: 99 | Industry: Chemicals and Materials | Date: May 2022
Covid

The butyric acid market in Europe is expected to grow from US$ 48.74 million in 2021 to US$ 124.14 million by 2028. It is estimated to grow at a CAGR of 14.3% from 2021 to 2028.

 

There is an increasing interest in using butyric acid as a precursor in producing biofuels. This is expected to offer lucrative opportunities for the growth of the butyric acid market during the forecast period. The growing population and the consequently increasing demand for fossil fuels have led to an overwhelming surge in demand for liquid fuel, which has triggered the emission levels of greenhouse gases. However, research has been directed toward alternative fuel sources in recent years due to increasing petroleum prices and a growing need for clean energy sources.

 

Biofuels have emerged as a sustainable alternative to conventional fuels that reduce greenhouse gas emissions with a secured supply. Further, butyric acid has been studied as a renewable green platform chemical that can provide an alternative solution to fossil fuels to reduce environmental concerns.

 

In 2021, scientists at the National Renewable Energy Laboratory (NREL) developed a fully integrated process to produce butyric acid as a promising precursor for producing diesel and jet fuel from lignocellulosic biomass. The production of fuels from biomass is important to diminish petroleum dependency and build a sustainable bioeconomy. Researchers plan to expand this pathway to establish an economically viable route from biomass to renewable diesel and jet fuel. Such developments will offer significant opportunities for the butyric acid market growth in the coming years.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe butyric acid market at a healthy CAGR during the forecast period.

 

Europe Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)

Europe Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)

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Europe Butyric Acid Market Segmentation

 

The Europe 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 Europe butyric acid market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.

 

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 Europe butyric acid market.   

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe Butyric Acid Market, by Source

1.3.2        Europe Butyric Acid Market, by Application

1.3.3        Europe 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.           Europe Butyric Acid Market Landscape

4.1         Market Overview

4.2         Porter's Five Forces Analysis

4.3         Ecosystem Analysis

4.4

4.5         Expert Opinion

5.           Europe Butyric Acid Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        High Demand from Animal Feed Sector

5.1.2        Rising Uses 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        Use of Butyric Acid as Forerunner to Biofuels

5.4         Future Trends

5.4.1        Specialty Chemicals Raising the Demand

5.5         Impact Analysis

6.           Butyric Acid Market – Europe Analysis

6.1         Europe Butyric Acid Market Overview

6.2         Europe Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

7.           Europe Butyric Acid Market Analysis – by Source

7.1         Overview

7.2         Europe 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.           Europe Butyric Acid Market Analysis – by Application

8.1         Overview

8.2         Europe 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.           Europe Butyric Acid Market – Country Analysis

9.1         Overview

9.1.1        Europe: Butyric Acid Market, by Key Country

9.1.1.1          Germany: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.1.1          Germany: Butyric Acid Market, by Source

9.1.1.1.2          Germany: Butyric Acid Market, by Application

9.1.1.2          France: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.2.1          France: Butyric Acid Market, by Source

9.1.1.2.2          France: Butyric Acid Market, by Application

9.1.1.3          Italy: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.3.1          Italy: Butyric Acid Market, by Source

9.1.1.3.2          Italy: Butyric Acid Market, by Application

9.1.1.4          UK: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.4.1          UK: Butyric Acid Market, by Source

9.1.1.4.2          UK: Butyric Acid Market, by Application

9.1.1.5          Russia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.5.1          Russia: Butyric Acid Market, by Source

9.1.1.5.2          Russia: Butyric Acid Market, by Application

9.1.1.6          Rest of Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.6.1          Rest of Europe: Butyric Acid Market, by Source

9.1.1.6.2          Rest of Europe: 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.             Europe Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2.             Germany Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 3.             Germany Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 4.             France Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 5.             France Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 6.             Italy Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 7.             Italy Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 8.             UK Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 9.             UK Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 10.          Russia Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 11.          Russia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 12.          Rest of Europe Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 13.          Rest of Europe Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 14.          Glossary of Terms, Europe Butyric Acid Market

 


LIST OF FIGURES

Figure 1.           Europe Butyric Acid Market Segmentation

Figure 2.           Europe Butyric Acid Market Segmentation – By Country

Figure 3.           Europe Butyric Acid Market Overview

Figure 4.           Europe Butyric Acid Market, By Source

Figure 5.           Europe Butyric Acid Market, by Country

Figure 6.           Ecosystem: Europe Butyric Acid Market

Figure 7.           Expert Opinion

Figure 8.           Europe Butyric Acid Market Impact Analysis of Drivers and Restraints

Figure 9.           Europe Butyric Acid Market, by Key Country – Revenue (2020) (US$ Thousand)

Figure 10.        Europe Butyric Acid Market Revenue Share, by Source (2020 and 2028)

Figure 11.        Europe Renewable Butyric Acid: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 12.        Europe Synthetic Butyric Acids: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 13.        Europe Butyric Acid Market Revenue Share, by Application (2020 and 2028)

Figure 14.        Europe Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 15.        Europe Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 16.        Europe Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 17.        Europe Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 18.        Europe Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19.        Europe Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 20.        Europe: Butyric Acid Market, by Key Country – Revenue (2020) (US$ Thousand)

Figure 21.        Europe: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)

Figure 22.        Germany: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 23.        France: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 24.        Italy: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 25.        UK: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 26.        Russia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 27.        Rest of Europe: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

  1. Alfa Aesar
  2. Eastman Chemical Company
  3. Hefei TNJ Chemical Industry Co., Ltd.
  4. Kunshan Odwell Co., Ltd.
  5. MERCK KGaA
  6. OQ Chemicals GmbH
  7. Perstorp Holding AB
  8. Tokyo Chemical Industry Co., Ltd.
  9. Yufeng International Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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
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