1. What is the projected Compound Annual Growth Rate (CAGR) of the Tributyrin Market?
The projected CAGR is approximately 9.5%.
Tributyrin Market by Type (Purity 45%, Below, Purity 45% - 99%, Purity 99%, Above), by Application (Food Additive, Feed Additive, Others), by North America (U.S., Canada), by Europe (Germany, France, U.K., Italy, Russia, Rest of Europe), by Asia Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia, Rest of Asia Pacific), by Latin America (Mexico, Brazil, Argentina, Rest of Latin America), by Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa) Forecast 2025-2033
The Tributyrin Market size was valued at USD 123.3 USD Million in 2023 and is projected to reach USD 232.74 USD Million by 2032, exhibiting a CAGR of 9.5 % during the forecast period. The Tributyrin market is expected to grow pervasively in the global market due to its uses in various fields like pharmaceuticals, food and cosmetic industries among others. Tributyrin, a molecule incorporating three butyrate moieties, exhibits stability, water solubility and gastro-intestinal permeability to make it applicable for encapsulation and controlled delivery of bioactive agents. It is synthesized through the esterification of butyric acid and glycerol via state-of-the-art enzymatic and chemical methods to create highly pure products. It is widely used as a prodrug in the pharma industry, as well as, an emulsifying/flavouring agent in food and a skin conditioner in cosmology. Recently, the use of nanoparticles in drug delivery, in improving gut health, and in creating better products has shown promising results in delivering amazing therapeutic value while minimizing the side effects.
Type:
Application:
October 2022: Perstorp was acquired by the Petronas Chemicals Group Berhad (PCG) for USD 1.54 billion, based on an enterprise value of USD 2.18 billion. Post-acquisition, PCG said it intends to continue preserving and growing the value of Perstorp. The plans include expanding the company's global presence by strengthening its position in the Asia Pacific through PCG’s industrial know-how and substantial customer base.
The report provides a comprehensive analysis of the following aspects:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.5% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 9.5%.
Key companies in the market include Perstorp (Sweden), Hubei Horwath Biotechnology Co.,Ltd (China), Vetagro S.p.A. (Italy), Zhejiang Esigma Biotechnology Co., Ltd. (China), Guangdong VTR Bio-Tech Co., Ltd. (China), Beijing Challenge International Trade Co., Ltd. (China), Singao Co., LTD (China), Larodan (Sweden), Nebula Healthcare Limited (India), Yufeng International Group Co., Ltd (China).
The market segments include Type, Application.
The market size is estimated to be USD 123.3 USD Million as of 2022.
Increasing Demand from the Refractory Industry to Propel Growth.
Trend of Battery-Powered Vehicles to Drive Market Growth.
Volatility in Raw Material Prices are Restraining Market Growth.
October 2022: Perstorp was acquired by the Petronas Chemicals Group Berhad (PCG) for USD1.54 billion, based on an enterprise value of USD 2.18 billion. Post-acquisition, PCG said it intends to continue preserving and growing the value of Perstorp. The plans include expanding the company's global presence by strengthening its position in the Asia Pacific through PCG’s industrial know-how and substantial customer base.
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The market size is provided in terms of value, measured in USD Million and volume, measured in Kiloton.
Yes, the market keyword associated with the report is "Tributyrin Market," which aids in identifying and referencing the specific market segment covered.
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