Asia-Pacific butyric acid market is expected to reach at a CAGR of 8.6% in the forecast period of 2019 to 2026. The market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Type (Natural Butyric Acid, Synthetic Butyric Acid), Derivatives (Sodium Butyrate, Calcium Butyrate, Others), End-User (Animal Feed, Chemical Intermediate, Food & Flavours, Pharmaceuticals, Inks, Paints & Coatings, Perfumes, Others), Countries (China, India, Japan, South Korea, Australia, Malaysia, Singapore, Thailand, Indonesia, Philippines and Rest of Asia-Pacific)
Major growing sectors under the market segmentation are as follows:
? On the basis of type, natural butyric acid is growing at the highest CAGR since it has the maximum number of consumer demands due to its natural properties and ingredients in pharmaceuticals, animal feed supplements, food and cosmetics.
? On the basis of derivatives, the sodium butyrate segment is growing at the highest CAGR as it has a better solubility than calcium and reduces pungency which makes the handling of butyric acid easier.
? On the basis of end-user, the animal feed is growing at the highest CAGR as it acts as an energy regulator for the intestinal cells promoting colon health to the farm animals.
Key Market Players
The key market players are listed below:
? ELiE Health Solutions
? Kemin Industries, Inc.
? OXEA GmbH
? Perstorp Holding AB
? Advanced Biotech
? WILD Flavors GmbH
? Treatt Plc
? Hefei TNJ Chemical Industry Co., Ltd.
? Vigon International
? Green Biologics Limited
? Consolidated Chemical & Solvents LLC.
? Axxence Aromatic GmbH
? Augustus Oils Ltd.
? Ennolys (A Subsidiary of Lesaffre Group)
? Eastman Chemical Company
? Celanese Corporation
? Thermo Fisher Scientific Inc.
? Snowco Induatrial
? Nutrients Scientific
? Aldon Corporation
? Yufeng International Co., Ltd
? Zhonglan Industry Co., Ltd
? Weifang Qiyi Chemical Co., Ltd