Merck KGaA, Thermo Fisher Scientific Inc. and Eastman Chemical Company are Dominating the Global Butyric Acid Market in 2019

Global Butyric Acid Market is expected to grow with the CAGR of 8.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global butyric acid 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 global butyric acid market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in September 2015, Merck KGaA has entered into partnered with the Department of Health and Philippine Thyroid Association in order to enhance the diagnosis and treatment of the Filipino population suffering from thyroid disorders. The partnership helps in maximising the customer base of the company which generates revenue of the business.

Merck KGaA is the dominating player in global butyric acid market. The other key players existing in the market Eastman Chemical Company, Celanese Corporation, Thermo Fisher Scientific Inc., Snowco Industrial, Nutrients Scientific, Aldon Corporation, Yufeng International Co., Ltd, Zhonglan Industry Co.,Ltd., Weifang Qiyi Chemical Co., Ltd., ELiE Health Solutions, Kemin Industries, Inc, OXEA GmbH, Perstorp Holding AB, Advanced Biotech, Hefei TNJ Chemical Industry Co.,Ltd., Vigon International, Green Biologics Limited, Consolidated Chemical & Solvents LLC., Axxence Aromatic GmbH, Augustus Oils Ltd. and Ennolys, among others.

Butyric Acid MarketMerck KGaA

Merck KGaA founded in 1668 and headquartered in Hesse, Germany which is engaged in development of the healthcare and life science related products. The company offers various products such as analytical/cinematography, life sciences, chemistry, material science, oligos & QCR probes and green alternatives and the market focused product is analytical/cinematography, life sciences, chemistry and material science in butyric acid market.

  • In 2018, September, Merck KGaA had launched three new products which helps bio manufacturers in evolving biopharma landscape. The products help in increasing customers and come up with new therapies in the market. The launch helps in increasing the production of the business which also generates income of the business.

The company has a wide global presence across the globe such as Asia-Pacific (APAC), Europe, North America, South America and Middle East and Africa.

Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. founded in 2006 and is headquartered in Massachusetts, U.S. The company is engaged in manufacturing of wide range of analytical instruments as well as life science solutions. The company offers various products such as animal research, autoclaving, sterilization and lab washers, balances scales and weighing, beakers, bottles, cylinders & glass wares, biopharmaceutical production, cell culture, centrifuges & micro-centrifuges, chemicals, chromatography, desiccation & evaporation, diagnostic test & clinical products, dishes plates and flasks, electrophoresis, western blotting & ELISA, Filtration, fume hoods & safety cabinets, furniture, storage, gloves, glasses & safety, healthcare, histology & cytology, incubators, hot plates, baths & heating, instrument lamps, laboratory automation products, life sciences, microbiology equipments, microscopes, slips & coverings, mixers, shakers, PCR, qPCR, Pipettes, pumps, spectrophotometers, refractometers, syringes and needles, testing and filtration, thermometers, pH meters, wipes, towels, cleaning and workspace essentials among which chemicals is market focused segment.

  • In March 2019, Thermo Fisher Scientific 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.

The company has a wide global presence in Asia-Pacific, Europe and North America.

 Eastman Chemical Company

Eastman Chemical Company founded in 1920 and is headquartered in Florida, U.S. The company is engaged in manufacturing of wide variety of specialty chemical products that has high range of application. The company offers various products such as acids, acrylic monomers, aldehydes, amines, benzene, cellulose esters, formic acid blends, heat transfer fluids, hydrocarbon resins, nitriles, polyesters resin, plasticizers, rubber additives, solvents, tall oil & fatty acid derivatives, thermoplastic elastomers modifiers, window films and others among which acids is market focused.

  • In 2017, Eastman Chemical Company was rewarded among the top 100 company in the chemical industry. These public companies were ranked according to the performance of the companies in terms of home care products. The award helps in increasing goodwill of the business.

The company has a wide global presence in North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.