In the first quarter of 2023, butyric acid prices in Asia initially dropped due to sluggish demand in cosmetics and related sectors. However, post Lunar holidays, increased buyer purchasing power boosted demand and sustained prices until mid-Q2. Butyric acid procurement from pharmaceutical and food processing industries decreased towards the quarter’s end, influenced by economic depreciation. Europe saw Q1 price growth driven by robust demand in cosmetics, while Q2 faced weak performance in pharma, food processing, and chemical sectors amidst inflation and interest rate hikes. North America experienced price fluctuations in Q1, but a sharp Q2 decline resulted from ample supply, reduced orders, and low consumer demand.
Request for Real-Time Butyric Acid Prices: https://www.procurementresource.com/resource-center/butyric-acid-price-trends/pricerequest
Definition
Butyric acid, a short-chain fatty acid (C4H8O2), is a colorless liquid with a pungent odor resembling rancid butter. Naturally occurring in dairy products and fats, it plays a role in flavor and aroma. Its antimicrobial properties make it useful in animal feed additives to promote gut health. In the cosmetic industry, it acts as a moisturizer in various products. Furthermore, butyric acid can be a precursor in pharmaceuticals, plastics, and polymers. Its multifunctional attributes are attributed to its distinct scent and its role in various biological and industrial processes.
Key Details About the Butyric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Butyric Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Butyric Acid Price Trend, including India Butyric Acid price, USA Butyric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Butyric Acid Price Trend:
Butyric acid finds diverse industrial applications due to its distinct properties. In the food industry, it’s a flavoring agent, contributing to the aroma of dairy products and enhancing baked goods. It’s utilized in animal feed additives, promoting gut health and digestion in livestock. Butyric acid’s presence in cosmetics and personal care products, like creams and lotions, is valued for its moisturizing properties. Additionally, it’s used in pharmaceuticals, acting as an excipient, and contributing to drug delivery systems. In plastics and polymers, it serves as a plasticizer, improving flexibility. Its varied uses across these sectors highlight its significance in enhancing product quality and performance.
Key Players:
- Eastman Chemical Company
- Perstorp Holding AB
- Merck KGaA
- Tokyo Chemical Industry Co Ltd
- OQ Chemicals GmbH
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Reference Link – https://theprocurementexpert.com/butyric-acid-prices/