The global butynoic acid market is estimated to grow at a significant CAGR during the forecast period. 2-Butynoic acid was employed as a synthon in a variety of reactions, including cycloacylation of phenols to flavones and chromones, and cyclization to ?-butyrolactones. It was also used in the synthesis of Z-trisubstituted olefins via ?-alkylation. Butynoic acid can be recrystallized from non-polar solvents and is extremely soluble in polar solvents (water, ethanol) (such as heptane, hexane or toluene). The substance is a white crystalline solid with two polymorphous crystalline forms.
The butynoic acid market is likely to be driven by rising demand for renewable butynoic acid in the food, taste, and pharmaceuticals sectors, as well as an increase in the number of meat consumers and a ban on the use of antibiotics in animal feed in some countries. The global butynoic acid market study offers a comprehensive analysis of the industry. The global butyonic acid market is likely to be driven by rising demand for renewable butyric acid in the food and taste and pharmaceuticals sectors during the next several years. In addition, increased demand for packaged food as a result of changing consumer tastes and an increase in the number of meat consumers is expected to enhance the industry in the future years.
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Furthermore, several countries’ bans on the use of antibiotics in animal feed, as well as rising demand in end-use sectors, are expected to fuel the market throughout the forecasted period. In January 2020, Oxea, a chemical company owned by the Oman Oil Corporation & Orpic Group, merged with eight other companies to establish OQ, a newly integrated energy company. OQ intends to be a global energy leader, capturing and benefitting from a larger portion of the global hydrocarbon value chain.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segments Covered
- By Type
- By Application
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the world
- Competitive Landscape: Eastman Chemical Company, Oxea GmbH, Blue Marble Biomaterials LLC, Tokyo Chemical Industry Co. Ltd., Perstorp Holding AB among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Butynoic Acid Market by Segments
By types,
- 98% Purity
- 99% Purity
By application,
- Organic Synthesis
- Chemical Intermediate
- Animal Feed
- Pharmaceuticals
- Perfume
- Pharmaceutical Intermediates
- Other
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
