Butyric anhydride market to Expand with Significant CAGR by 2025

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Butyric Anhydride Market

• Global Industry Analysis, Size, Share, Growth,
  Trends, and Forecast, 2019 - 2027

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Butyric Anhydride Market Snapshot

• Butyric anhydride is a major raw material used in
  the manufacture of cellulose acetate butyrate. It
  is also a raw material employed in the
  manufacture of cellulose ketobutyrate, and
  fragrance chemicals, pharmaceuticals, and
  agrochemicals. Butyric anhydride is also used as
  an acylating agent for dyes.
• Key Drivers of Butyric Anhydride Market
• Increase in demand for butyric anhydride in the
  food industry is expected to drive the butyric
  anhydride market in the near future
• The food industry is anticipated to expand at a
  rapid pace during the forecast period owing to
  the increase in demand for juices, snacks,
  processed food, and ready-to-eat meals. Flavoring
  agents are used as food additives to enhance the
  taste and smell of food products such as bakery,
  snacks, dairy products, soups, sauces, and
  confectionary products. Demand for natural flavor
  and fragrance ingredients is estimated to
  increase at a rapid pace due to the growth in
  preference for organic ingredients in the food
  sector. Rise in popularity of authentic aromas in
  the food sector is estimated to drive the butyric
  anhydride market. Increase in usage of flavoring
  agents in numerous foods applications is also
  likely to boost the butyric anhydride market.

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• Flavoring agents are commonly used in snack
  foods, meats, seasonings, sauces, cheese, honey,
  and salt. Demand for flavoring agents has been
  rising in dessert, beverages, confectionery, and
  savory applications. Rise in demand for flavoring
  agents in the food sector is boosting the demand
  for butyric anhydride.
•  According to FONA International Inc., one of the
  leading manufacturers of flavoring agents for
  many of the largest food, beverage, and
  nutritional companies, more than 190
  smoke-flavored products were introduced across
  the globe in 2016.
• This number is expected to reach double digit
  growth rate during the forecast period.
• Key players that manufacture food flavors are
  also focusing on developing natural smoked
  flavors. This is projected to fuel the butyric
  anhydride market.

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Asia Pacific Expected to Hold Large Share of
Global Butyric Anhydride Market

• In terms of region, the global butyric anhydride
  market can be divided into North America, Europe,
  Asia Pacific, Latin America, and Middle East
  Africa
• North America is expected to hold key share of
  the global butyric anhydride market in 2018. The
  flavor fragrance industry in the region is
  mature and quite stable. Increase in demand for
  low-fat and low-carbohydrate food in North
  America is expected to boost the demand for
  flavors in the food industry to enhance the taste
  of products. This, in turn, is anticipated to
  drive the butyric anhydride market in the region.
• The U.S is the prominent consumer of butyric
  anhydride, followed by Canada, owing to the high
  consumption of convenience and processed food in
  the country
• The market in Asia Pacific is estimated to expand
  at the rapid pace during the forecast period due
  to availability of raw materials and increase in
  demand for butyric anhydride in different
  applications.
• Demand for flavoring agents has been increasing
  in various applications in Asia Pacific owing to
  the growth in food processing, pharmaceuticals,
  dietary supplements, and nutraceutical industries.

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Global Butyric Anhydride Market Keyplayers 

• Some of the key players operating in the global
  market
• Celanese Corporation
• Eastman Chemical Company
• Central Drug House
• TCI Chemicals (India) Pvt. Ltd.
• Zhonggang Group

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•  The major players operating in the benzyl
  acetate market are primarily focusing on the
  emergent countries for tapping their immense
  market potential.
• The key companies operating in the benzyl
  acetate market are installing gigantic production
  facilities in these developing countries to
  fulfill the swiftly rising local demand for
  benzyl acetate.
• Therefore, the global benzyl acetate market is
  expected to witness a noteworthy growth in the
  next six years. 

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