Merck KGaA, Thermo Fisher Scientific Inc., and Eastman Chemical Company are expected to dominate the Global Butyric Acid Market in the year 2018

Global butyric acid market is expected to reach USD 863,605.56 thousand by 2026, growing with a substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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Global butyric acid market is a highly concentrated market which includes key players and local players. The market has witnessed increased strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the growing demand of processed food due to fast-paced lifestyle, rising meat consumption in developing countries, high consumption of animal feed; boosting butyric acid demand and health benefits is creating new avenues for butyric acid.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio in order to meet the rising demand of innovative technology. For instance, In August, ADVANCED Biotech had acquired craft brewery Rinn Duin which was located in Toms River, N.J. In this acquisition they will get power with their fermentation capability, natural flavoring ingredients, and expanded extract capability. It will also provide unique natural flavoring ingredients to the flavor and food industry.

Merck KGaA:

Merck KGaA is headquartered in Hesse, Germany and was founded in 1668. The company is involved in the research and development of the healthcare and life science related products. The company has three operating divisions namely, Healthcare, Life-Science and Performance Materials.

Healthcare segment deals in allergen immunotherapy, fertility, endocrinology, neurology and immunology, general medicines and oncology. Life-Science operates in clinical & diagnostics, industrial, emerging biotech, pharma and bio-pharma manufacturing, environmental testing, pharmaceutical research, food & beverages and pharma quality control divisions. Performance Materials works on architecture, effective pigments, automotive, functional solutions, cosmetics, optoelectronics and semiconductors of our core businesses.

  • In November, Merck KGaA completed the acquisition of Sigma-Aldrich to become one of the leaders in the global industry. This acquisition will provide the customers of life science in the world. They will involve every step of the production chain so that they can complete end-to-end workflow with enhanced customer service so that they can become leading distribution platform.

It has its global networks in Europe, Asia-Pacific, Europe, North America, Latin America and Middle East and Africa. The company has various subsidiaries such as Merck India (India), Sigma-Aldrich (U.S.), Allergopharma GmbH & Co. KG (Germany), AZ Electronic Materials (U.S.), Seven Seas (U.K.). Technochem Limited (Qatar) and others.

Thermo Fisher Scientific Inc.:

Thermo Fisher Scientific Inc. headquartered in Massachusetts, U.S. was founded in 2006. The company mainly accelerates towards life science challenges and research improving the diagnostics by providing medicines and laboratory productivity services. The company operates through four business segments which include Analytical Instruments, Life Science Solutions, Specialty Diagnostics and Laboratory Products & Services.

The analytical instrument segment mainly deals agricultural biotechnology, animal health, bioprocessing, chromatography, mass spectrometry, radiation detection & measurement and other. The life science solutions segment consisted of the cell analysis and antibodies, cloning, DNA & RNA purification, stem cell research and many more. The specialty diagnostics dealt with anatomical pathology, cancer research, diagnostic testing & development, clinical microbiology and others. The laboratory products & services had chemicals, lab automation, lab equipment & supplies and sample storage.

  • In March, Thermo Fisher Scientific Inc. launched a new range of acids under the brand bane thermo scientific ICP-OES acids which can be used in the industrial, food, pharmaceuticals and food & beverages industry laboratories. The acids met the American Chemical Society’s testing specifications and justified the strict standards of the Society will help the company in expanding its product portfolio into the market serving their customers better.

It has its global networks in the Asia-Pacific, Europe, North America and Rest of World. It operates through its subsidiaries such as Dionex (California), Patheon (Netherlands), Affymetrix (California), FEI Company (U.S.), Cole-Parmer (U.S.), etc.

Eastman Chemical Company:

Eastman Chemical Company headquartered in Florida, U.S. was founded in 1920. The company deals with global specialty chemical products which include a wide variety of additives, advanced materials, specialty chemicals and fibers. The company has four operating divisions namely, Additives & Functional Products, Advanced Materials, Chemical Intermediates and Fibers.

The additives & functional products segment manufacture chemicals for products in transportation, consumables, building & construction, animal nutrition, crop protection, energy and others. In advanced materials segment, the company produces and markets plastics, polymers & films for end use products. The chemical intermediates segment includes acetyls, oxos and plasticizers, polyesters for health & wellness, agrochemicals, building & construction etc. purpose. The fibers segment sells & manufactures acetate tow and tri-acetin plasticizers for use in filtration media primarily cigarette filters.

  • In November 2018, Eastman Chemical Company completed construction of a new manufacturing facility for isobutyric acid located at Kingsport, Tennessee U.S.

The company has wide geographic presence in North America, Europe, Latin America, Asia-Pacific and Middle East & Africa and it operates through its subsidiaries such as Solutia Inc. (U.S.), Taminco (U.S.), Eastman Chemical Japan ltd (Japan), Sterling Chemicals.(U.S.), Eastman Fibers Korea Limited (South Korea), Mustang Pipeline Company (U.S.) and others.