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Written by yama » Updated on: October 23rd, 2024
According to TechSci Research report, “United States Butyric Acid Market- By Region, Competition, Forecast and Opportunities, 2018-2028F”, the United States Butyric Acid Market is estimated to reach USD 185.23 million by 2028 and is anticipated to grow with a CAGR of 8.11% in the forecast period, 2024-2028. Initiatives taken by the government based on butyric acid have led to favorable market conditions for the United States Butyric Acid Market. Several factors contribute to the growth of various butyric acid products.
Researchers at the National Renewable Energy Laboratory (NREL) have successfully developed an innovative and energy-efficient process for producing renewable butyric acid. This groundbreaking process not only significantly reduces greenhouse gas emissions by an impressive 50% when compared to conventional methods, but it also plays a crucial role in the advancement of more affordable and sustainable biofuels.
In another significant development, the Agricultural Marketing Service (AMS) of the USDA has recently granted approval for the use of indole-3-butyric acid as a petitioned substance in organic farming practices. This exciting approval provides farmers with an additional and valuable tool for plant propagation and growth regulation, further enhancing the potential for productive and environmentally friendly agricultural practices.
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In recent years, there has been a significant increase in the demand for butyric acid in the production of biofuels and bioplastics. This growing demand has had a profound impact on the United States butyric acid market, shaping it into a dynamic and thriving industry. As industries strive to find sustainable alternatives to traditional fuels and plastics, butyric acid has emerged as a versatile and environmentally friendly solution, revolutionizing the way we approach energy and materials.
Butyric acid plays a pivotal role in the production of biofuels, particularly bio-butanol, which has garnered attention as a promising renewable fuel. With its higher energy content, lower vapor pressure, and the ability to blend seamlessly with existing fuels, bio-butanol offers a compelling alternative to gasoline, paving the way for a greener, cleaner future. Its versatility and compatibility make it an attractive option for engine manufacturers and fuel providers, as it requires minimal modifications to engines or infrastructure. The surging demand for bio-butanol, and consequently butyric acid, can be attributed to a combination of governmental policies and consumer preferences.
Governments worldwide have implemented renewable fuel standards and incentivized the use of biofuels to combat climate change, reduce greenhouse gas emissions, and diminish reliance on fossil fuels. Simultaneously, consumers are becoming increasingly conscious of their carbon footprint and actively seeking cleaner, more sustainable alternatives. The convergence of these factors has created a compelling market for butyric acid, driving its production and adoption in various industries.
Furthermore, the rise of bioplastics, derived from renewable sources, has gained significant momentum as a sustainable alternative to conventional plastics. Butyric acid serves as a crucial building block in the production of various bioplastics, such as polybutyrate (PBS) and polyhydroxybutyrate (PHB).
These bioplastics offer comparable properties and functionalities to traditional plastics but are biodegradable and have a lower environmental impact, addressing the mounting concerns of plastic waste and pollution. The demand for bioplastics is fueled by a combination of factors, including increasing environmental awareness, government regulations promoting sustainable practices, and growing consumer demand for eco-friendly products. Industries spanning packaging, automotive, and consumer goods are actively incorporating bioplastics into their manufacturing processes, driving the demand for butyric acid, and propelling the industry forward.
In summary, the surging demand for butyric acid in the production of biofuels and bioplastics is transforming the landscape of the United States market. As the world shifts towards sustainable practices, butyric acid has emerged as a vital component in the quest for greener energy and materials. Its role in biofuels and bioplastics opens up new possibilities for a more sustainable and environmentally conscious future.
The United States Butyric Acid Market is segmented into type, end-use, distribution channel, regional distribution, and company.
Based on its type, the non-synthetic segment held the market share in the forecast period. The increasing consumer preference for eco-friendly and sustainable products has been a key factor driving the market growth for butyric acid. Bio-based butyric acid, which is derived from renewable resources like corn husk, sugar, and other natural sources, has gained significant traction in the market. The easy availability of these raw materials and their relatively low cost have further fueled the growth of the bio-based segment. In particular, the food & beverage industry has embraced the use of bio-based butyric acids for various applications such as food additives, animal feed, and flavoring agents, among others.
On the other hand, the synthetic-type of segment is also expected to witness substantial growth during the forecast period. Synthetic butyric acid is produced through chemical synthesis, specifically the oxidation of butyraldehyde. Butyraldehyde, in turn, is derived from propylene obtained through the oxo synthesis process, which involves the extraction of crude oil. This growing market for butyric acid demonstrates the industry's shift towards sustainable and environmentally friendly solutions, while also highlighting the versatility and wide-ranging applications of this compound.
Based on region, the Midwest segment is expected to grow during the forecast period.
The Midwest region boasts a robust presence of pharmaceutical and food companies that rely on the versatile properties of butyric acid for their formulations and products. This region's demand serves as a driving force behind the consumption of butyric acid, establishing a strong foothold for its market growth. However, it is important to acknowledge that the prominence of the Midwest may experience fluctuations over time as market dynamics evolve.
Other regions within the United States, such as the vibrant West Coast or the bustling Northeast, may also emerge as significant players in the butyric acid market. Their involvement will be influenced by industry developments, strategic investments, and the pursuit of innovation. By keeping a watchful eye on these evolving trends and regional dynamics, we can gain a comprehensive understanding of the broader landscape shaping the butyric acid industry in the United States.
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“Growing application of butyric acid in various end-user industries are key drivers of the butyric acid market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of butyric acid with every passing year are anticipated to register an impressive growth to the United States Butyric Acid Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“United States Butyric Acid MarketBy Type (Synthetic, Non-Synthetic), By End Use (Animal Feed, Chemical Intermediates, Pharmaceuticals, Food & Beverage, Others), By Distribution Channel (Direct Sales, Direct Import, Distributors/Suppliers/Traders), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of United States Butyric Acid Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Butyric Acid Market.
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6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Synthetic, Non-Synthetic)
6.2.2. By End Use (Animal Feed, Chemical Intermediates, Pharmaceuticals, Food & Beverage, Others)
6.2.3. By Distribution Channel (Direct Sales, Direct Import, Distributors/Suppliers/Traders)
6.2.4. By Region
6.2.5. By Company (2022)
6.3. Market Map
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