Global Butyric Acid Market is Expected to Reach USD 329.9 Million by 2022: Credence Research
Credenceresearch.com has announced the addition of "Global Butyric Acid Market Is Expected To Reach USD 329.9 Million By 2022: Credence Research" Market Research Report to their Database.
San Jose, CA, June 08, 2016 --(PR.com)-- In terms of revenue in 2014, the global market for butyric acid was calculated to be USD 120.0 million and is projected to reach USD 329.9 million by 2022, growing at a CAGR of 14.0% from 2015 to 2022.
Browse Full Report At http://www.credenceresearch.com/report/butyric-acid-market
The major factors driving the market growth of butyric acid are rising demand from various end user industries, ban on consumption of antibiotics in animal feed in some countries. However, unpleasant smell of butyric acid is the major factor inhibiting the market growth. Rising demand of renewable butyric acid from food and flavors industries can provide huge market potential over the coming years.
By application, rising demand from animal feed segment is influencing the overall market growth. In 2014, it accounted 40% share of the total market and projected to maintain its dominance during the forecast period. It is also one of the fastest growing market. The second biggest application segment is the chemicals intermediate at 23.4% in terms of value in 2014. However, pharmaceuticals segment is projected to witness average growth rates during the forecast period.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/chemicals-market
By geography, Asia Pacific is the largest and fastest growing market. It is projected to grow at a CAGR of 14.4% from 2015 to 2022. India and China are the two major contributors towards the market growth. It is due to rising demand for meat, and food & flavors, increasing concerns for animal care. Asia Pacific was followed by North America and accounted for 30% share of the market in 2014 in terms of value. The market volume of butyric acid is comparatively low in the RoW region.
Some of the major players present in this market are Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Llc, Tokyo Chemical Industry Co., Ltd. and Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
Blog - http://www.mobilecomputingtoday.co.uk/3347/global-butyric-acid-market-projected-reach-usd-329-9-million-2022-credence-research/
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
For More Information, Visit: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290
Address: 105 N 1st ST #429, San Jose,
CA 95103
E-mail: sales@credenceresearch.com
Browse Full Report At http://www.credenceresearch.com/report/butyric-acid-market
The major factors driving the market growth of butyric acid are rising demand from various end user industries, ban on consumption of antibiotics in animal feed in some countries. However, unpleasant smell of butyric acid is the major factor inhibiting the market growth. Rising demand of renewable butyric acid from food and flavors industries can provide huge market potential over the coming years.
By application, rising demand from animal feed segment is influencing the overall market growth. In 2014, it accounted 40% share of the total market and projected to maintain its dominance during the forecast period. It is also one of the fastest growing market. The second biggest application segment is the chemicals intermediate at 23.4% in terms of value in 2014. However, pharmaceuticals segment is projected to witness average growth rates during the forecast period.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/chemicals-market
By geography, Asia Pacific is the largest and fastest growing market. It is projected to grow at a CAGR of 14.4% from 2015 to 2022. India and China are the two major contributors towards the market growth. It is due to rising demand for meat, and food & flavors, increasing concerns for animal care. Asia Pacific was followed by North America and accounted for 30% share of the market in 2014 in terms of value. The market volume of butyric acid is comparatively low in the RoW region.
Some of the major players present in this market are Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Llc, Tokyo Chemical Industry Co., Ltd. and Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
Blog - http://www.mobilecomputingtoday.co.uk/3347/global-butyric-acid-market-projected-reach-usd-329-9-million-2022-credence-research/
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
For More Information, Visit: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: 1-800-361-8290
Address: 105 N 1st ST #429, San Jose,
CA 95103
E-mail: sales@credenceresearch.com
Contact
Credence Research
Chris Smith
1-800-361-8290
http://www.credenceresearch.com/
105 N 1st ST #429, San Jose, CA 95103
Chris Smith
1-800-361-8290
http://www.credenceresearch.com/
105 N 1st ST #429, San Jose, CA 95103
Contact
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