Butyric Acid Market to Observe Strong Development by 2023
Butyric
acid is a carboxylic acid, also known as butanoic acid, with its
esters and salts known as butanoates and butyrates. It exhibits an
unpleasant smell, having an acrid taste and is usually found in the
milk of farm animals such as buffalo, sheep and goat. Butyric acid is
industrially manufactured by the fermentation of starch or sugar,
with the addition of putrefying cheese, added with calcium carbonate
for the purpose of neutralizing the acids formed in the procedure.
This fermented butyric acid is also found as octyl butyrate in
parsnip, and as hexyl butyrate in the oil of hogweeds. As butyric
acid is also manufactured at a relatively low rate, yield and
concentration, traditional butyric acid fermentation process is not
yet economically competitive. It is also manufactured via chemical
synthesis on an industrial scale which involves the oxidation of
butyraldehyde, obtained from propylene which is derived by
oxosynthesis from crude oil. On account of availability of starting
materials and lower production costs, wide preference is given to the
chemical synthesis of butyric acid. Although fermentation is
relatively expensive than chemical synthesis of butyric acid, it has
succeeded in garnering more attention owing to rising consumer demand
for natural and organic products as compared to chemically
synthesized products, as well as rapid increase in crude oil prices
needed for the chemical synthesis of butyric acid.
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Increasing
production of butyric acid has been witnessed from processing wastes
and agriculture industry. It used in a wide range of applications
such as food, chemical and pharmaceutical industries. Butyric acid
shares a wide application scope in the chemical industry, in addition
to its increasing demand as a precursor to biofuels. Focus on
research and development activities has been directed towards
alternative fuel sources with the increase in petroleum price as well
as continuous reduction in availability of petroleum coupled with
growing demand for clean energy sources. Biofuels offer many
environmental advantages such as security of supply, reduction of
greenhouse gas emissions and sustainability. Moreover, as biofuels
are one of the most promising sources for replacing gasoline in the
future, significant attention has been paid towards bio-butanol, with
its major use as industrial solvents while also offering certain
advantages over ethanol in transportation fuels. These factors have
significantly contributed towards the increasing demand for butyric
acid in biofuels
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Some
of the key manufacturers have entered into several collaborations and
agreements with other companies for the marketing of new products as
well as garnering a larger share in the market. Large scale
manufacturers such as Eastman Chemical Company have implemented
various growth strategies for increasing their production capacity by
an additional 11 million pounds of butyric acid to support growing
internal and external demand for the acid. The agreement was made in
January 2013 with the company disclosing their purpose of satisfying
the demand for butyric acid which they have currently forecasted,
while also mentioning their capability to expand further as demand
increases. Increasing demand for butyric acid from the several
end-user industries such as food & beverage and pharmaceuticals
are expected to be one of the major growth factors for the market.
However, rising health concerns regarding the toxic use of butyric
acid is expected to slow down the growth of the market. Increasing
implementation of butyric acid as biofuels is expected to provide new
opportunities for the growth of the market.
Alfa
Aesar GmbH & CO KG, Dmitrievsky Chemical Plant, and Eastman
Chemical Company are some of the major manufacturers of butyric acid
present in the market.
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