In the first quarter of 2023, butyric acid prices in Asia initially dropped due to sluggish demand in cosmetics and related sectors. However, post Lunar holidays, increased buyer purchasing power boosted demand and sustained prices until mid-Q2. Butyric acid procurement from pharmaceutical and food processing industries decreased towards the quarter's end, influenced by economic depreciation. Europe saw Q1 price growth driven by robust demand in cosmetics, while Q2 faced weak performance in pharma, food processing, and chemical sectors amidst inflation and interest rate hikes. North America experienced price fluctuations in Q1, but a sharp Q2 decline resulted from ample supply, reduced orders, and low consumer demand.
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Definition
Butyric acid, a short-chain fatty acid (C4H8O2), is a colorless liquid with a pungent odor resembling rancid butter. Naturally occurring in dairy products and fats, it plays a role in flavor and aroma. Its antimicrobial properties make it useful in animal feed additives to promote gut health. In the cosmetic industry, it acts as a moisturizer in various products. Furthermore, butyric acid can be a precursor in pharmaceuticals, plastics, and polymers. Its multifunctional attributes are attributed to its distinct scent and its role in various biological and industrial processes.
Key Details About the Butyric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Butyric Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Butyric Acid Price chart, including India Butyric Acid price, USA Butyric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Butyric Acid Price Trend:
Key Players:
- Eastman Chemical Company
- Perstorp Holding AB
- Merck KGaA
- Tokyo Chemical Industry Co Ltd
- OQ Chemicals GmbH
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