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Butyric Acid Market Analysis
Butyric acid, also known as butanoic acid, is a carboxylic acid with butanoates and butyrates as esters and salts. It has a foul odor and a bitter taste, and is commonly found in the milk of farm animals such as buffalo, sheep, and goats. Butyric acid is produced industrially by fermenting starch or sugar with the addition of putrefying cheese, followed by the addition of calcium carbonate to neutralize the acids formed during the process. This fermented butyric acid can also be found in parsnip as octyl butyrate and hogweed oil as hexyl butyrate. Because butyric acid is also produced at a low rate, yield, and concentration, the traditional butyric acid fermentation process is not yet economically viable. Chemical synthesis of butyric acid is widely preferred due to the availability of starting materials and lower production costs. Although fermentation is more expensive than chemical synthesis of butyric acid, it has gained traction due to rising consumer demand for natural and organic products as opposed to chemically synthesized products, as well as a rapid increase in crude oil prices required for chemical synthesis of butyric acid. Butyric acid production has increased because of waste processing and the agriculture industry. It is used in a variety of applications, including the food, chemical, and pharmaceutical industries. Butyric acid has a wide range of applications in the chemical industry, and it is in high demand as a precursor to biofuels.
COVID-19 Impact analysis
COVID-19 pandemic outbreak has had three major effects on the global butyric acid market: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on firms and financial markets. The outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor events; a state of emergency declared in over forty countries; a massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about the future. This has affected the butyric acid market.
Top Impacting Factors
The rise in demand for animal feed, particularly for swine and poultry, is driving growth in the Butyric Acid Market. In addition, the demand for renewable butyric acid in the food and flavor and pharmaceuticals sectors is increasing. With the increase in petroleum prices, as well as the continuous reduction in petroleum availability, coupled with the growing demand for clean energy sources, the focus on research and development activities has shifted to alternative fuel sources. Biofuels have numerous environmental benefits, including supply security, reduced greenhouse gas emissions, and long-term viability. Because biofuels are one of the most promising sources of future gasoline replacement, much attention has been paid to bio-butanol, which is primarily used as an industrial solvent while also offering certain advantages over ethanol in transportation fuels. These factors have significantly influenced the rising demand for butyric acid in biofuels.
Market Trends
Key Benefits of the Report
Questions Answered in the Butyric Acid Report
Butyric Acid Market Report Highlights
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Key Market Players | Solvay, Ashland Inc., Takasago International Corporation, Kao Corporation, Stepan Company, Lonza Group, Celanese Corporation, Corbion, BASF SE, Asian Auxiliary Industries Pvt Ltd. |
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