Get E-PDF Sample Report on Butyric Acid Market - Request Sample Report
The butyric acid market is experiencing significant growth due to its wide range of applications across various industries. Butyric acid, also known as butanoic acid, is a carboxylic acid with a foul odor. It is commonly found in dairy products, such as butter, and is also produced by bacteria during the fermentation process. Despite its unpleasant smell, butyric acid has gained popularity in several industries due to its versatile properties. The global butyric acid market is witnessing substantial growth, primarily driven by its increasing demand in the food and beverage industry. It is widely used as a flavoring agent, preservative, and feed additive.
In 2022, Eastman Chemical Company’s expansion, where the company invested in enhancing its production capabilities for butyric acid derivatives. This expansion was part of Eastman’s broader strategy to meet the increasing demand for bio-based and naturally sourced additives, particularly for food and animal feed applications.
There is a growing demand for butyric acid as a key intermediate product in the synthesis of butyrate esters which are valuable chemical intermediates widely utilized in flavors, fragrances, and solvents. Being characterized by a unique smell, butyrate esters become more and more popular in personal care and cosmetics. They are employed for the production of various perfumes, lotions, etc., where the increased strive for natural and bio-based solutions is characteristic. The rise in demand for natural and bio-based fragrances aligns with the broader consumer trend favoring eco-friendly products, further driving the butyric acid market.
Moreover, the growth of the cosmetics and personal care industries in the EU is reported to be more than 4% annually according to data from the European Chemicals Agency. This regulatory and market-driven push for sustainable, safe, and naturally derived chemicals continues to boost the need for butyrate esters and, consequently, for butyric acid as a versatile chemical intermediate.
In 2023, Perstorp AB expanded its production capacity for butyrate esters to meet rising demand in personal care and cosmetics. This expansion supports the growing consumer shift towards eco-friendly and bio-based fragrances, underscoring Perstorp’s commitment to sustainable ingredient solutions.
Drivers
Butyric acid, also known as butanoic acid, is a short-chain fatty acid that occurs naturally in various foods and is produced by certain bacteria in the gut. It plays a crucial role in maintaining gut health and has been associated with numerous health benefits. One of the key advantages of butyric acid consumption is its positive impact on the digestive system. It helps in maintaining a healthy gut by promoting the growth of beneficial bacteria and inhibiting the growth of harmful bacteria. Furthermore, butyric acid has been found to possess anti-inflammatory properties, which can be beneficial for individuals suffering from inflammatory bowel diseases such as Crohn's disease and ulcerative colitis. In addition to its effects on gut health, butyric acid has also shown potential in supporting weight management. Studies have indicated that it may help in reducing appetite and promoting feelings of fullness, which can aid in weight loss efforts. Moreover, butyric acid has been linked to improved insulin sensitivity and blood sugar control.
According to the U.S. National Institutes of Health (NIH), which reports that the global prevalence of inflammatory bowel disease (IBD) is expected to reach over 10 million cases by 2030. This increasing prevalence has driven interest in natural treatments like butyric acid, known for its beneficial effects on gut health and anti-inflammatory properties.
Furthermore, companies focused on new launches for instance, in 2022, Koninklijke DSM N.V.’s launched a specialized butyric acid supplement aimed at improving gut health. This product targets individuals with digestive health concerns, including those with IBD. Hence, the demand for Butyric acid is rising in the market.
Restraint
It can be produced through chemical and biological means, both of which require substantial costs. Chemical synthesis is costlier because of the expensive raw materials, as well as the complexity of the processes involved in its production. Meanwhile, the bio-based production of butyric acid has been growing considerably due to sustainability concerns, but it is not free from certain costs either. The main technique used in bio-based production is the use of microbial fermentation, which needs significant equipment maintenance, as well as strict measures to control the environment in which the bacteria grow. The purity of the final product directly relies on the quality of these additional factors. Ultimately, the added costs translate to a more expensive end product. Because butyric acid is used in a wide range of industries besides food, reducing its cost of production without a significant reduction in the quality can be a significant challenge. Relying on innovation to reduce the cost of production while maintaining the end product’s quality may be a barrier to greater market adoption.
Opportunities
Butyric acid, a versatile compound, is finding increasing utilization within the pharmaceutical sector. One notable application of butyric acid lies in its ability to enhance the bioavailability of certain drugs. By incorporating butyric acid into pharmaceutical formulations, the absorption and effectiveness of these drugs can be significantly improved. Furthermore, butyric acid has shown potential in the treatment of various medical conditions. Its anti-inflammatory and antimicrobial properties make it a valuable component in the development of drugs targeting specific diseases. The pharmaceutical industry is actively exploring the potential of butyric acid in the treatment of conditions such as cancer, inflammatory bowel disease, and metabolic disorders.
By Type
The synthetic type segment dominated the butyric acid market with a revenue share of about 62.3% in 2023. Synthetic production methods allow for greater control over the purity and consistency of the acid, ensuring a higher quality product. This reliability has made synthetic butyric acid a preferred choice for various industries, including food and beverage, pharmaceuticals, and animal feed. Additionally, in the animal feed sector, synthetic butyric acid offers consistent performance, which is crucial for maintaining livestock health and productivity. The reliability and scalability of synthetic production methods make them well-suited to meet large-scale industrial demands, thereby reinforcing the segment's market dominance.
By End-Use
The animal feed segment led the market with a market share of around 38% in 2023. The growth of the segment is triggered by the essential demand for increasing animal health and productivity. Butyric acid has been commonly used in animals’ nutrition for years due to its proven positive effect on their digestive health. It helps to promote the growth of beneficial naturally occurring bacteria in the animal gut, as well as the bioavailability of nutrients. Presently, with the globalization of the food industry and the increased demand for meat and dairy products, there is a strong international demand for animal-raising solutions. They should not only enhance the efficiency of livestock management, but also be safe and healthy for the animals and, consequently, for people. In the meantime, the world has become more aware of the dangers of antibiotic use in animals and introduced restrictions for its use in husbandry
Get Customized Report as Per Your Business Requirement - Request For Customized Report
Raw Material Suppliers
US Biological Life Sciences
VWR (Part of Avantor)
ChemUniverse, Inc.
Kind Chemical
Riverland Trading, Llc
Butyric Acid Derivative Producers (Companies using butyric acid as a precursor)
OQ Chemicals GmbH
Perstorp Holding AB
Blue Marble Biomaterials
Alfa Aesar
OXEA GmbH
Beijing Huamaoyuan Fragrance Flavor Co. Ltd
Palital Feed Additives B.V.
BASF SE
Kraton Corporation
Royal DSM N.V.
Evonik Industries AG
Solvay S.A.
Fuso Chemical Co. Ltd
Hawkins, Inc.
Hunan Huitong Chemical Co. Ltd
Penta Manufacturing Company
SABIC
In April 2022, OQ Chemicals announced a price increase for n-butyric acid, which has taken effect from May 1, 2022, due to supply and demand factors.
In March 2022, Perstorp introduced Gastrivix Avi, a solution for gut health that combines the advantages of valeric and butyric acid. This innovative addition to Perstorp's range of broiler feed solutions follows the successful launch of Gastrivix Avi.
| Report Attributes | Details |
|
Market Size in 2023 |
US$ 290.4 Mn |
|
Market Size by 2032 |
US$ 715.6 Mn |
|
CAGR |
CAGR of 10.6% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Type (Synthetic and Renewable) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Eastman Chemical Company, OQ Chemicals GmbH, Perstorp Holding AB, Blue Marble Biomaterials, Tokyo Chemical Industry Co. Ltd, Alfa Aesar, OXEA GmbH, Beijing Huamaoyuan Fragrance Flavor Co. Ltd, Snowco industrial Co. Ltd, Palital Feed Additives B.V. |
|
Key Drivers |
• Increasing demand for butyric acid in various industries |
|
Market Restraints |
• High production cost associated with butyric acid |
Ans: The Butyric Acid Market was valued at USD 347.5 million in 2023.
Ans: The expected CAGR of the global Butyric Acid Market during the forecast period is 9.1%.
Ans: The compound's potential to improve gut health, enhance digestion, and boost immunity has attracted consumers, thereby driving market growth.
Ans: The complex manufacturing process and the need for specialized equipment and raw materials contribute to the elevated production expenses, limiting market expansion.
Ans: Yes, you can ask for the customization as pas per your business requirement.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by l Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Butyric Acid Market Segmentation, by Type
7.1 Chapter Overview
7.2 Synthetic
7.2.1 Synthetic Market Trends Analysis (2020-2032)
7.2.2 Synthetic Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Renewable
7.3.1 Renewable Market Trends Analysis (2020-2032)
7.3.2 Renewable Market Size Estimates and Forecasts to 2032 (USD Million)
8. Butyric Acid Market Segmentation, by End-Use
8.1 Chapter Overview
8.2 Animal Feed
8.2.1 Animal Feed Market Trends Analysis (2020-2032)
8.2.2 Animal Feed Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Chemical Intermediates
8.3.1 Chemical Intermediates Market Trends Analysis (2020-2032)
8.3.2 Chemical Intermediates Market Size Estimates and Forecasts to 2032 (USD Million)
8.4 Food & Flavours
8.4.1 Food & Flavours Market Trends Analysis (2020-2032)
8.4.2 Food & Flavours Market Size Estimates and Forecasts to 2032 (USD Million)
8.5 Pharmaceuticals
8.5.1 Pharmaceuticals Market Trends Analysis (2020-2032)
8.5.2 Pharmaceuticals Market Size Estimates and Forecasts to 2032 (USD Million)
8.6 Human Dietary Supplements
8.6.1 Human Dietary Supplements Market Trends Analysis (2020-2032)
8.6.2 Human Dietary Supplements Market Size Estimates and Forecasts to 2032 (USD Million)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.2.3 North America Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.2.4 North America Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.2.5 USA
9.2.5.1 USA Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.2.5.2 USA Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.2.6 Canada
9.2.6.1 Canada Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.2.6.2 Canada Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.2.7 Mexico
9.2.7.1 Mexico Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.2.7.2 Mexico Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.3.1.3 Eastern Europe Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.1.4 Eastern Europe Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.1.5 Poland
9.3.1.5.1 Poland Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.1.5.2 Poland Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.1.6 Romania
9.3.1.6.1 Romania Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.1.6.2 Romania Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.1.7.2 Hungary Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.1.8.2 Turkey Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.1.9.2 Rest of Eastern Europe Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.3.2.3 Western Europe Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.4 Western Europe Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.5 Germany
9.3.2.5.1 Germany Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.5.2 Germany Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.6 France
9.3.2.6.1 France Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.6.2 France Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.7 UK
9.3.2.7.1 UK Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.7.2 UK Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.8 Italy
9.3.2.8.1 Italy Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.8.2 Italy Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.9 Spain
9.3.2.9.1 Spain Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.9.2 Spain Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.10.2 Netherlands Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.11.2 Switzerland Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.12 Austria
9.3.2.12.1 Austria Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.12.2 Austria Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.3.2.13.2 Rest of Western Europe Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.4.3 Asia Pacific Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.4 Asia Pacific Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.5 China
9.4.5.1 China Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.5.2 China Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.6 India
9.4.5.1 India Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.5.2 India Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.5 Japan
9.4.5.1 Japan Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.5.2 Japan Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.6 South Korea
9.4.6.1 South Korea Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.6.2 South Korea Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.7 Vietnam
9.4.7.1 Vietnam Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.2.7.2 Vietnam Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.8 Singapore
9.4.8.1 Singapore Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.8.2 Singapore Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.9 Australia
9.4.9.1 Australia Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.9.2 Australia Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.4.10.2 Rest of Asia Pacific Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.5.1.3 Middle East Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.1.4 Middle East Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.1.5 UAE
9.5.1.5.1 UAE Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.1.5.2 UAE Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.1.6.2 Egypt Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.1.7.2 Saudi Arabia Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.1.8.2 Qatar Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.1.9.2 Rest of Middle East Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.5.2.3 Africa Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.2.4 Africa Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.2.5.2 South Africa Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.5.2.6.2 Nigeria Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Butyric Acid Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
9.6.3 Latin America Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.6.4 Latin America Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.6.5 Brazil
9.6.5.1 Brazil Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.6.5.2 Brazil Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.6.6 Argentina
9.6.6.1 Argentina Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.6.6.2 Argentina Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.6.7 Colombia
9.6.7.1 Colombia Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.6.7.2 Colombia Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Butyric Acid Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
9.6.8.2 Rest of Latin America Butyric Acid Market Estimates and Forecasts, by End-Use (2020-2032) (USD Million)
10. Company Profiles
10.1 Eastman Chemical Company
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Product / Services Offered
10.1.4 SWOT Analysis
10.2 OQ Chemicals GmbH
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Product / Services Offered
10.2.4 SWOT Analysis
10.3 Perstorp Holding AB
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Product / Services Offered
10.3.4 SWOT Analysis
10.4 Blue Marble Biomaterials
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Product / Services Offered
10.4.4 SWOT Analysis
10.5 Tokyo Chemical Industry Co. Ltd
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Product / Services Offered
10.5.4 SWOT Analysis
10.6 Alfa Aesar
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Product / Services Offered
10.6.4 SWOT Analysis
10.7 OXEA GmbH
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Product / Services Offered
10.7.4 SWOT Analysis
10.8 Beijing Huamaoyuan Fragrance Flavor Co. Ltd
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Product / Services Offered
10.8.4 SWOT Analysis
10.9 Snowco industrial Co. Ltd,
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Product / Services Offered
10.9.4 SWOT Analysis
10.10 Palital Feed Additives B.V.
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Product / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusio
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Synthetic
Renewable
By End-Use
Animal Feed
Chemical Intermediates
Food & Flavours
Pharmaceuticals
Human Dietary Supplements
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Oxalic Acid Market size was valued at USD 970 million in 2023. It is estimated to hit USD 1400.9 million by 2031 and grow at a CAGR of 4.7% over the forecast period of 2024-2031.
The Hydrodesulfurization Catalysts Market size was valued at USD 2.91 billion in 2023 and is expected to reach USD 4.20 billion by 2032 and grow at a CAGR of 4.20% over the forecast period of 2024-2032.
Scrap Metal Recycling Market Size was valued at USD 523.5 Billion in 2023 and will reach USD 856.2 Billion by 2032, growing at a CAGR of 5.7% by 2024-2032.
The Bio-Polyamide Market Size was valued at USD 224.3 million in 2023 and will reach USD 925.2 million by 2032 and grow at a CAGR of 17.1% by 2024-2032.
The Cryogenic Insulation Market size was valued at USD 3.50 billion in 2023 and is expected to grow to USD 6.30 billion by 2032 and grow at a CAGR of 6.80% over the forecast period of 2024-2032.
The Heat Resistant Coatings Market Size was valued at USD 6.8 billion in 2023 and is expected to reach USD 10.6 billion by 2032 and grow at a CAGR of 5.0% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
