Thermo Fisher Scientific Inc., Spectrum Chemical Manufacturing Corp. and Eastman Chemical Company are Dominating the Global Butyric Acid for Animal Feed Market in 2019

Global Butyric Acid For Animal Feed Market is expected to grow with the CAGR of 9.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global butyric acid for animal feed market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in butyric acid for animal feed market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance,

  • In May 2020, Thermo Fisher Scientific Inc. had presented at the BofA Securities 2020 Health Care Conference. The conference helps in maximising the customer base of the company which generates revenue of the business.

Thermo Fisher Scientific Inc. is the dominating player in butyric acid for animal feed market. The other key players existing in the market Eastman Chemical Company, Spectrum Chemical Manufacturing Corp, DSM, Finoric LLC, Palital Feed Additives B.V., Trouw Nutrition (Subsidiary of Nutreco N.V. ), Axxence Aromatic GmbH, Bioscreen technologies srl (A Subsidiary of Balchem Corporation ), Innovad, Yufeng International Co.,Ltd , Graham Chemical, Weifang Qiyi Chemical Co., Ltd, OQ Chemicals GmbH, Kemin Industries, Inc., Hefei TNJ Chemical Industry Co.,Ltd., Perstorp Holding AB, Great Plains Processing, Merck KGaA, and Hangzhou Dayangchem Co., Ltd. among others.

 Butyric Acid for Animal Feed MarketThermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. founded in 1956 and is headquartered in Massachusetts, U.S. The company mainly accelerates towards life science challenges and research improving the diagnostics by providing medicines and laboratory productivity services. The company offers its product in various categories such as life sciences, industrial & applied sciences, clinical & diagnostics, and lab solutions., in which lab solutions is the market focused category. The company has a wide presence across the globe such as Asia-Pacific, Europe, and North America. The company also generates its revenue from various subsidiaries such as Dionex (California), Patheon (Netherlands), Affymetrix (California), FEI Company (U.S.), Cole-Parmer (U.S.) among others.

For instance,

  • In March 2019, Thermo Fisher Scientific Inc. had launched a new range of acids under the brand bane Thermo Scientific ICP-OES acids which has wide range of application in the industrial, food, pharmaceuticals and food & beverage laboratories. The launch help in enhancing the customer base of the company which generates revenue of the business.

Spectrum Chemical Manufacturing Corp.

Spectrum Chemical Manufacturing Corp. founded in 1971 and headquartered in New Jersey, U.S. which is engaged in innovative fine as well as laboratory products that has wide range of application in food, personal care and drug products. The company offers various products such as lab chemicals, cab equipment, lab supplies, and lab safety. Lab Chemicals is the market focused category. The company has a wide global presence across the globe such as Asia-Pacific, Latin America, Europe, and North America.

For instance,

  • In February 2019, Spectrum Chemical Manufacturing Corp. had received GE Distinguished Partner Award for Applied Markets also in Second Consecutive Year. The award helps in increasing the production of the business which also generates income of the business.

 Eastman Chemical Company

Eastman Chemical Company founded in 1920 and is headquartered in Tennessee, U.S. The company focuses on providing high quality of specialty materials that helps in manufacturing of wide range of products that are applicable in various sectors. The company offers various products such as acids, acrylic monomers, adhesion promoters, aldehydes, amides, amine derivatives, amine salts, amines, amorphous polyolefins, anhydrides, animal nutrition, antioxidants, hydroquinones and preservatives, aviation fluids, benzene, cellulose esters, coalescents, copolyesters, and crop protection among others. Acids are the market focused category. The company has wide global presence in North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.

For Instance,

  • In November 2018, Eastman Chemical Company had completed the construction of a new manufacturing facility for the production of the iso-butyric acid which is located in Kingsport, Tennessee, U.S. Eastman butyric acid has the wide range of applications in the agriculture, food and flavours & coatings market. The expansion helped to increase in market share of the company.