As per a latest research conducted, demand of 4-Benzoylbutyric acid are anticipated to witness a CAGR of 4.0% to 5.0% over the coming assessment period of 2021 to 2031.
The growing research and development investment is anticipated to benefit the sales outlook for the compound. Moreover, the growing end use sectors are also expected to bolster the demand growth for the compound in the coming years.
Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13905
What is Driving Demand for 4-Benzoylbutyric Acid
Growing demand of organic chemicals across the globe is expected to benefit the market demand of 4-Benzoylbutyric acid, as the compound is used as raw material and intermediate in the production of several organic chemicals.
Growing dyestuff market is also expected to bolster the sales volume since demand for dyes are increasing at a considerable rate from paints and coating, printing inks and other industries.
With the significant growth in the pharmaceutical sector the market of 5-Oxo-5-phenylpentanoic acid is also expected to witness a pace as, it is used in the manufacturing of various drugs and medicine. With the substantial development in the electronics sector, the consumption is going to increase since it can be used as an electronic chemical for various application in the end use industry.
Organic Chemical Industry is Expected to Boost the Demand of 4-Benzoylbutyric Acid
Overall chemical industry is anticipated to witness a significant growth outlook all over the globe in the coming years, especially the organic chemical sector.
Organic chemicals’ demand is growing substantially owing to the growing demand from its application segments such as, pharmaceuticals, agrochemicals, paints and coatings, plastic and polymer industries and many others.
4-Benzoylbutyric acid is used for several industrial organic chemicals manufacturing. Growing organic chemicals sector is thus expected to boost the sales of 5-Oxo-5-phenylvaleric acid during the forecast period.
Moreover, the increasing research in the organic sector is also estimated to benefit the demand, since new application segments are being introduced for the chemical to cater the growing demand from the end users.
U.S. and Canada 4-Benzoylbutyric Acid Demand Outlook
Considerable demand for pharmaceuticals in U.S. and Canada is expected to boost the consumption over the forecast period. Since, the countries account for a prominent share of pharmaceutical industry all over the globe, overall consumption of 4-Benzoylbutyric acid is also estimated to remain significant in these countries.
Further the substantial demand for dyes in U.S. and Canada owing to the presence paper, textile manufacturers and other end users, the demand for 5-Oxo-5-phenylpentanoic acid is projected to increase in the coming years. Growing demand for agrochemicals in both the countries is also expected to benefit the market growth rate.
Furthermore, the substantial production quantity of organic chemicals in U.S. and Canada is anticipated to maintain the growth of the compound during the forecast period.
Request Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-13905
Asia Pacific Sales Outlook for 4-Benzoylbutyric Acid
Strong presence of organic chemical manufacturers in Asia Pacific region, especially in China, Japan and ASEAN countries, is expected to bolster the sales of 4-Benzoylbutyric acid in the region.
Growing demand for agrochemicals in the region is also anticipated to increase the consumption in the coming years.
Significantly rising market of pharmaceuticals in Asia Pacific region is estimated to bolster the sales outlook for the compound during the coming assessment period.
Growing demand for dyestuffs from the textile industries, leather industries are expected to push the market of 5-Oxo-5-phenylvaleric acid.
Moreover, the increase in the investment for research and development in the chemical sector in this region is also expected to benefit the market growth in the coming years.
Who are the Key Manufacturers and Suppliers of 4-Benzoylbutyric Acid
Some of the leading manufacturers and suppliers of 4-Benzoylbutyric acid include
- Tokyo Chemical Industry Co. Ltd.
- Sarex
- Acros Organics B.V.B.A.
- Dayang chem (Hangzhou) Co. Ltd.
- Finetech Industry Limited
- Jinan Haohua Industry Co. Ltd.
- Shanghai Meicheng Chemical Co. Ltd.
- , Pfaltz & Bauer Inc.
- Leonid Chemicals Pvt. Ltd. and many others.
4-Benzoylbutyric Acid Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Ask for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-13905
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumersz
Contact Us:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Website: https://www.futuremarketinsights.com