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.
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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.
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.
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.
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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.
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
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