Product
Butyric Acid Price Trend and Forecast
Butyric Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Butyric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Butyric Acid Price Trend for the First Half of 2023
Asia
During the initial months of the first quarter, butyric acid prices dipped due to the feeble market movement of cosmetics and related industries. But after the stretch of the Lunar holidays, the purchasing potential of buyers inclined, which drove the demand for butyric acid in the region. The downstream inquiries continued to keep the price afloat till the middle of the second quarter. In the last phase of this quarter, procurement of butyric acid from the pharma and food processing industries reduced significantly, and the depreciating economy also played its role in pushing the price trend of butyric acid in the negative direction.
Europe
In the European market, the first quarter proved to be favorable in terms of butyric acid prices. The cosmetics and other related sectors presented consistent demand, which supported the rising trend of butyric acid prices. However, in the second quarter, the pharma, food processing, and chemical industries performed weakly amid the rising pressure of inflation and hikes in interest rates. In the French market, the declining trend adopted by several businesses and the elevation in production costs further hampered the price trends of butyric acid.
North America
In North America, the price trend oscillated in the first quarter of 2023 and then witnessed a steep decline in the second quarter. The high cost of production of propylene, along with growth in the downstream market, provided the required assistance to the price trend of butyric acid in Q1. However, the second quarter struggled with the ample availability of the product, declining fresh orders, and the low appetite of consumers.
Analyst Insight
According to Procurement Resource, the price trend of butyric acid is estimated to showcase a receding trend as the demand from the end user industries and sliding economic conditions will likely affect the butyric acid market.
Procurement Resource provides latest prices of Butyric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Butyric acid is a short-chain fatty acid with the chemical formula C4H8O2. It is a colorless, oily liquid with a strong, pungent odor reminiscent of rancid butter. Naturally occurring in dairy products and some animal fats, it plays a role in flavor and aroma. Butyric acid has applications in food and fragrance industries, animal feed additives, and potential pharmaceutical and industrial uses. It is notable for its distinct scent and its contributions to various biological and industrial processes.
Product Details
| Report Features | Details |
| Product Name | Butyric Acid |
| Chemical formula | C4H8O2 |
| Industrial Uses | Food and flavors, Microbial production, Wastewater treatment, Biodegradable plastics, Plasticizers, Animal Feed |
| HS Code | 291560 |
| CAS Number | 107-92-6 |
| Molecular weight | 88.11 g/mol |
| Supplier Database | Eastman Chemical Company, Perstorp Holding AB, Merck KGaA, Tokyo Chemical Industry Co Ltd, OQ Chemicals GmbH |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
At around 100°C, the oxidation reaction of the aqueous solution of butyraldehyde produces butyric acid.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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