Global Butyric Acid Market is Estimated to be Worth $289.3 Million by 2020, at a CAGR of 16.3% From 2015 to 2020

FORT WORTH, Texas, June 17, 2015 /PRNewswire/ --

The global butyric acid market report defines and segments the concerned market with analysis and forecast of revenue. 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.

Browse through the TOC of global butyric acid market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Butyric acid is an organic compound and one of the carboxylic acids which is largely obtained from propylene by employing various processes, for example oxo-synthesis. The global butyric acid market is witnessing growth owing to the increasing demand from its applications, such as animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes, and others. Animal feed is the largest end-use application of butyric acid. It is mainly used as additive in this application.

The demand for animal feed and chemicals is witnessing growth owing to an increase in the number of manufacturers and expansions in the industry. The future growth of the industry would be augmented by the investments in animal feed and chemical industry in Asia-Pacific and North America. In these regions, growing population would directly increase the demand for meat, foods and flavors, and perfume industry which would indirectly boost the demand for butyric acid.

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The report covers the global butyric acid market which is segmented on the basis of application and geography. The applications of butyric acid include animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes, and other industries.

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