India Butyric Acid Market to Grow with a CAGR of 4.11%% through 2029
Growing demand of butyric acid for manufacturing a
wide range of chemicals is expected to drive the India Butyric Acid Market
growth in the forecast period, 2025-2029.
According to TechSci Research report, “India
Butyric Acid Market- By Region, Competition, Forecast and Opportunities,
2019-2029”, the India Butyric Acid Market will reach USD 91.25 million by 2023 and is anticipated
to grow with a CAGR of 4.11% in the forecast period, 2025-2029. Collaborations
and partnerships based on butyric acid has led to favorable market conditions
for the India Butyric Acid Market. Several factors contribute to the growth of
various butyric acid products.
Evonik and Perstorp, two well-established chemical
companies with a strong reputation in the industry, have joined forces in a
strategic collaboration. Their aim is to expand the distribution of
high-quality butyric acid products to the Indian subcontinent, a region with
immense potential and growing demand. By leveraging their combined expertise
and resources, Evonik and Perstorp intend to not only increase sales but also
strengthen their marketing and distribution networks in the region.
Evonik has taken proactive measures to enhance the
exclusive sales and distribution of ProPhorce™ SR 130, a premium butyric acid
product known for its superior quality and effectiveness. By focusing on the
Indian subcontinent, Evonik reaffirms its dedication to serving this market and
catering to the unique requirements of customers in the region. This strategic
collaboration between Evonik and Perstorp not only demonstrates their
commitment to meeting the growing demand for butyric acid in India but also
highlights their shared vision for delivering exceptional products and services
to customers worldwide. Through this partnership, they aim to create a stronger
presence in the Indian subcontinent and further contribute to the development
of the chemical industry in the region.
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The demand for butyric acid in India's chemical sector
is experiencing remarkable growth due to its wide range of applications. This
versatile compound serves as a vital ingredient in the production of various
chemicals, including esters, such as butyl acetate, butyl glycolate, and butyl
propionate. These chemicals find extensive use in diverse industries such as
pharmaceuticals, where they contribute to the formulation of medications and
drugs, food and beverages, where they enhance flavors and preserve freshness,
agriculture, where they aid in crop protection and growth promotion, animal
feed, where they improve digestion and nutrient absorption, and fragrance
manufacturing, where they add unique scents and aromas to perfumes and personal
care products. The increasing demand for butyric acid underscores its
significance and demonstrates its essential role in driving innovation and
progress in India's chemical sector.
India Butyric Acid Market is segmented into type,
end use, distribution channel, regional distribution, and company
Based on its type, the natural segment held the
largest market share in the forecast period. The increasing consumer
inclination towards eco-friendly and sustainable products has been a major
driving force behind the growing market demand for bio-based butyric acid. This
type of butyric acid is derived from natural sources like corn husk, sugar, and
other renewable materials. The easy availability of these raw materials along
with their comparatively lower cost has further fueled the growth of the
bio-based segment in the market. The food & beverage industry, in particular,
has been actively adopting bio-based butyric acids for various applications
such as food additives, animal feed, and flavoring agents, among others. By
opting for bio-based alternatives, companies in this industry are not only
meeting the consumers' demand for sustainable products but also enhancing the
overall quality and safety of their offerings.
On the other hand, the synthetic type of butyric acid
is projected to experience significant growth during the forecast period.
Synthetic butyric acid is developed through chemical synthesis, specifically
the oxidation of butyraldehyde. This butyraldehyde is obtained from propylene,
which is derived from crude oil through the process of oxo synthesis. By
diversifying the range of butyric acid options available, both bio-based and
synthetic, the market is able to cater to the varying needs and preferences of
different industries. This comprehensive approach ensures a sustainable and
steady market growth for butyric acid, making it a versatile and valuable
component in numerous applications across various sectors.
Based on region, West India segment is expected to
grow during the forecast period. Located in the western part of India, this region is
strategically positioned near major ports like Mumbai, Kandla, and Mundra.
These ports play a crucial role in enabling seamless import and export of both
raw materials and finished products. This advantageous geographical location
empowers manufacturers in the region to actively participate in international
trade, fostering economic growth and business opportunities.
Major companies operating in India Butyric Acid Market
are:
- Ennore India Chemicals
- Otto Chemie Pvt. Ltd.
- Vizag Chemicals International
- QUALIKEMS Fine Chem Pvt. Ltd.
- Peekay Agencies Pvt. Ltd.
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“Growing application of butyric acid in various end
user industries are key drivers of the butyric acid market. Growth in
competitive landscape and presence of well-established countries in the market
who are dedicated to enhance their productivity of butyric acid with every
passing year are anticipated to register an impressive growth to India Butyric
Acid Market in the forecast period.,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“India
Butyric Acid Market By 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, 2019-2029”, has evaluated
the future growth potential of India 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 India Butyric Acid Market.
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