Natural Butyl Butyrate Market Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2029
The global natural butyl butyrate market size is expected to gain momentum owing to the rising demand in cosmetic and Food & beverage industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Natural Butyl Butyrate Market, 2022-2029.” It is a colorless to pale yellow in liquid form with a scent of pear-pineapple. It is soluble in most organic solvent, insoluble in water, and miscible with ethanol, diethyl, and propylene glycol. It has the chemical formula of C8H16O2 and is also known as butanoic acid. It is found in various fruits such as banana, melon, cheery, plum, and also present in cider, gruyere de comte cheese, and soybean. It is used in a wide range of applications such as paints & coatings industry, chemical industry, pharmaceutical industry, and cosmetic industry.
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Supply Chain Disruption to Hamper Growth
To combat the spread of the coronavirus, various countries throughout the world have imposed lockdowns due to which production operations have slowed or stopped, supply and transportation constraints have been imposed, and infrastructure has slowed. Therefore, demand for natural butyl butyrate is being hampered.
By grade, the market is segmented into superior grade, first grade, qualified grade, and others. On the basis of application, the market is segregated into paints & coatings industry, chemical industry, food & beverage industry, pharmaceutical industry, cosmetic industry, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The reports include detailed information on developing trends, market drivers, development opportunities, and market restraints that may affect the industry’s market dynamics. It consists of a product, application, and competition analysis and an in-depth examination of the market segments for natural butyl butyrate.
Drivers & Restraints-
Rising Demand in Food & Beverage Industry to Stimulate Growth
The global natural butyl butyrate market growth is expected to grow due to the rising demand in the food & beverage industry during the projected period. The rising demand for perfumes coupled with food additives is expected to drive the market. Moreover, in the cosmetic industry, the product is used as a natural flavoring substance which is further utilized in perfumer products.
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Rising Adoption in Chemical Industry to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global natural butyl butyrate market share during the forecast period. This is due to rising adoption in the chemical industry and is expected to drive the market forward in the region.
North America is expected to have a sizable share of the market. This is due to increasing adoption of superior grades in the food & beverage industry and cosmetic industry are major contributing factors.
Manufacturers Focus on R&D Investments to Strengthen their Position
The leading companies are also concentrating on R&D operations, establishing innovative strategies for natural butyl butyrate product development, pursuing mergers and acquisitions to expand their market share, and optimizing the supply chain to improve its efficacy and specialization in the market.
- February 2020: DOW Chemical and Johnson Matthey chose LP Oxo Selector Technology to produce butanol at a new facility. The technology licensed by DOW and JM allows for efficient butanol production at a low cost of investment and operation. The new facility will be LP Oxo Technology’s 55th license in cooperation with DOW.
List of Key Players Profiled in the Global Market for Natural Butyl Butyrate:
- The Good Scent Company (tgsc)
- Sigma-Aldrich International GmbH
- Advanced Biotech
- LLUCH ESSENCE
- Vigon International
- Parchem fine & specialty chemicals
- WEN International
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