As per Future Market Insights, the 4-Benzoylbutyric Acid market is anticipated to attain a value pool of US$ 12 Billion by 2023-end. Global demand for 4-Benzoylbutyric Acid is expected to rise at a CAGR of 5.2% to US$ 20 Billion in 2033.
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| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 12 Billion |
| Projected Market Value in 2033 | US$ 20 Billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
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As per the latest research conducted, the demand for 4-Benzoylbutyric acid is 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.
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.
Principal Consultant
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.
Considerable demand for pharmaceuticals in USA 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 USA 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 USA and Canada is anticipated to maintain the growth of the compound during the forecast period.
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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.
Some of the leading manufacturers and suppliers of 4-Benzoylbutyric acid include
Key players are focusing on investing a significant amount in research and development for the products development and innovation in the chemical sector. Key players are focusing on applications of a product in various fields to cater the growing demand from the end use industries.
Market participants are also focusing on investment in green technology for sustainable development, to decrease the carbon emission and hazardous compounds production as well. The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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4-Benzoylbutyric Acid Market
