Global Butyric Acid Market Size

Butyric Acid Market Size

Butyric Acid Market size exceeded USD 175 Million in 2020 and is estimated to grow at over 13.2% CAGR between 2021 and 2027 owing to increasing demand for butyric acid in food and pharmaceutical industries. Rising demand for speciality chemicals in several end use industries like food & beverages is likely to propel market growth of butyric acid across the globe.

In the recent past years, butyric acid has immense demand in pharmaceutical industry as intermediate. In addition to these, prevalence of health issue such as obesity, diabetes, anxiety and other chronic diseases coupled with favourable healthcare regulations are providing favourable growth to the butyric acid market.

Further, intensifying demand for precursor to biofuels is supporting the butyric acid market growth. Research and development activities has been focused on alternative fuel sources owing to abrupt increase in the petroleum price and growing demand for clean energy sources. Thus, biofuels offer several environmental benefits like reduction of greenhouse emissions and sustainability. Additionally, biofuels are anticipated to one of the most prominent sources for replacing gasoline in the future.
 

Bio butanol is used as industrial solvents and offers certain advantages over ethanol in transportation fuels. Bio Butanol which is most used as the industrial solvents and offers certain benefits over ethanol in transportation fuels is majorly used as industrial solvents and offering certain benefits especially over ethanol in transportation fuels. These listed factors are attributing towards the increasing the butyric acid market demand in biofuels.