A Summary of the 4-Benzoylbutyric Acid Market Development:
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.
Increasing Adoption of Organic Farming Techniques Boosts Demand for 4-Benzoylbutyric Acid
Increasing Demand in the Agriculture Industry: 4-Benzoylbutyric acid is widely used in the agriculture industry as a plant growth regulator. It helps in increasing the yield of crops and plants, improving their quality and enhancing their resistance to stress conditions. With the rising demand for food and agricultural products, the demand for 4-Benzoylbutyric acid is expected to increase significantly in the coming years.
Growing Awareness about the Benefits of 4-Benzoylbutyric Acid: The benefits of 4-Benzoylbutyric acid in promoting plant growth and improving crop yield are being increasingly recognized by farmers and growers worldwide. This has led to a growing demand for 4-Benzoylbutyric acid in the agriculture industry.
Technological Advancements in Manufacturing Process: Technological advancements in the manufacturing process of 4-Benzoylbutyric acid have made it easier and more cost-effective to produce. This has led to a reduction in the price of 4-Benzoylbutyric acid, making it more accessible to farmers and growers.
Increasing Demand for Organic Farming: With the growing awareness about the harmful effects of chemical fertilizers and pesticides, there is a growing demand for organic farming. 4-Benzoylbutyric acid is a plant growth regulator that is considered safe for organic farming. This has led to a growing demand for 4-Benzoylbutyric acid in the organic farming industry.
Increasing Demand for High-Quality Agricultural Products Drives Growth of the 4-Benzoylbutyric Acid Market
Increasing Demand for High-Quality Agricultural Products: The demand for high-quality agricultural products is increasing due to rising consumer awareness and changing dietary habits. 4-Benzoylbutyric acid helps in improving the quality and yield of crops, which presents a significant opportunity for the market.
Growing Popularity of Organic Farming: The popularity of organic farming is increasing due to health concerns and environmental awareness. 4-Benzoylbutyric acid is considered safe for organic farming, which presents a significant opportunity for the market.
Advancements in the Manufacturing Process: The development of new and innovative manufacturing processes for 4-Benzoylbutyric acid presents an opportunity for manufacturers to improve their production efficiency and reduce costs.
Expansion into Emerging Markets: Emerging markets such as Asia-Pacific and Latin America have a high potential for growth in the agriculture industry. The expansion into these markets presents a significant opportunity for the 4-Benzoylbutyric acid market.
4-Benzoylbutyric Acid Finds Widespread Use in Greenhouse Farming, Boosting Market Growth
Increasing Use in Horticulture: Horticulture is one of the fastest-growing sectors in the agriculture industry. 4-Benzoylbutyric acid is being increasingly used in horticulture to improve the quality and yield of crops. This trend is projected to continue in the next ten years, propelling the growth of the market.
Shift towards Sustainable Agriculture: There is a growing demand for sustainable agriculture practices, which has led to a shift towards the use of natural and organic plant growth regulators like 4-Benzoylbutyric acid. This trend is expected to continue in the coming years, driving the growth of the market.
Rising Adoption of Greenhouse Farming: Greenhouse farming is becoming increasingly popular due to its high efficiency and low environmental impact. 4-Benzoylbutyric acid is being increasingly used in greenhouse farming to improve the quality and yield of crops. This trend is expected to continue in the coming years, driving the growth of the market.
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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4-Benzoylbutyric Acid Market Overview
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.
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.
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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.
USA and Canada 4-Benzoylbutyric Acid Demand Outlook
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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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.
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.
