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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
4-Benzoylbutyric Acid market was valued at US$ 11,654.9 million in 2023 and is poised to grow at a CAGR of 5.1% over 2024-2030. 4-Benzoylbutyric acid is a chemical compound with the molecular formula C11H12O3 and consists of a butyric acid chain with a benzoyl group attached to one of the carbon atoms used as an intermediate in several industries and research. The increased importance and demand of 4-Benzoylbutyric acid in the agricultural industry to increase the yield of crops, promote plant growth, and enhance its resistance to stress conditions drive the market. Furthermore, the increased importance of 4-Benzoylbutyric acid in the pharmaceutical as an intermediate or raw material for drug synthesis is anticipated to propel the market growth.
In addition, it has been used on biological systems in biological and biochemical investigations further increasing opportunities to study the influence of its structure on biological processes. Customized solutions for pharmaceutical and research institutions may present opportunities for businesses that provide bespoke synthesis services for specialty compounds like 4-benzoylbutyric Acid. A shift in demand for 4-benzoylbutyric acid in the creation of biologics and biosimilars in biotechnology is expected to fuel the market. But, the constant fluctuation in the price of raw materials or energy costs along with certain restrictions imposed on chemicals to address environmental concerns may hinder the market growth. However, the rising awareness about the benefits of 4-Benzoylbutyric acid, increased advancements in manufacturing processes, growing research and development investment, and increased competition between the key market players are anticipated to propel the market during the forecast years.
Study Period
2024-2030Base Year
2023CAGR
5.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market is expected to rise owing to the increased application of 4-benzoylbutyric acid at different purity levels (96% and below vs. above 96%) in the market depending upon industrial requirements and applications. High purity is frequently necessary in the pharmaceutical sector to guarantee the security and effectiveness of medicines. As a result, 4-benzoylbutyric acid that has a purity of above 96% may dominate this market since it satisfies the exacting standards for quality demanded by the pharmaceutical industry. When it comes to research and development, where the main objective is to investigate chemical reactions and processes, lower purity grades of 4-Benzoylbutyric Acid may be used. In these situations, researchers can choose cost-effectiveness over high purity.
The North America 4-benzoylbutyric acid market was valued at USD 3,528.6 million in 2018 and grew at 4.9% CAGR over the historic years to reach USD 4,401.6 Million in 2022 and is poised to grow at 5.2% CAGR over the forecast period owing to the US and Canada accounting a prominent share in the pharmaceutical share. The USA dominates the pharmaceutical industry globally. Furthermore, the extensive of 4-benzoylbutyric acid as a plant growth regulator in the agrochemical industry in the region is anticipated to drive the market. Furthermore, the increased technological advancement and growing investment in the chemical industry have all contributed the industry's success.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 11,654.9 million |
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Market CAGR |
5.1% |
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By Purity |
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By End User |
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By Region |
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The 4-Benzoylbutyric acid market valued at US$ 11,654.9 million in 2022 and is expected to grow at 5.1% CAGR over the forecast period 2023 – 2029.
The shift in demand for 4-benzoylbutyric acid in the creation of biologics and biosimilars in biotechnology has become quite a trend in the market.
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., Nanjing ChemLin Chemical Industry Co., Ltd., are a few companies operating in 4-Benzoylbutyric acid market.
North America dominates the market with 5.2% CAGR in 2022, and is anticipated to grow with 5.4% CAGR over the forecast period 2023-2029.
| 1.Executive Summary |
| 2.Global 4-Benzoylbutyric Acid Market Introduction |
| 2.1.Global 4-Benzoylbutyric Acid Market - Taxonomy |
| 2.2.Global 4-Benzoylbutyric Acid Market - Definitions |
| 2.2.1.Purity |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global 4-Benzoylbutyric Acid Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global 4-Benzoylbutyric Acid Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global 4-Benzoylbutyric Acid Market By Purity, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. 96% and Below |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Above 96% |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global 4-Benzoylbutyric Acid Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Organic Chemicals |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electronics |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Agrochemicals |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Pharmaceuticals |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Dyes |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global 4-Benzoylbutyric Acid Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America 4-Benzoylbutyric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Purity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.96% and Below |
| 8.1.2.Above 96% |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Organic Chemicals |
| 8.2.2.Electronics |
| 8.2.3.Agrochemicals |
| 8.2.4.Pharmaceuticals |
| 8.2.5.Dyes |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe 4-Benzoylbutyric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.96% and Below |
| 9.1.2.Above 96% |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Organic Chemicals |
| 9.2.2.Electronics |
| 9.2.3.Agrochemicals |
| 9.2.4.Pharmaceuticals |
| 9.2.5.Dyes |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) 4-Benzoylbutyric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.96% and Below |
| 10.1.2.Above 96% |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Organic Chemicals |
| 10.2.2.Electronics |
| 10.2.3.Agrochemicals |
| 10.2.4.Pharmaceuticals |
| 10.2.5.Dyes |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) 4-Benzoylbutyric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.96% and Below |
| 11.1.2.Above 96% |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Organic Chemicals |
| 11.2.2.Electronics |
| 11.2.3.Agrochemicals |
| 11.2.4.Pharmaceuticals |
| 11.2.5.Dyes |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America 4-Benzoylbutyric Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Purity Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.96% and Below |
| 12.1.2.Above 96% |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Organic Chemicals |
| 12.2.2.Electronics |
| 12.2.3.Agrochemicals |
| 12.2.4.Pharmaceuticals |
| 12.2.5.Dyes |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Tokyo Chemical Industry Co., Ltd. |
| 13.2.2.Sarex |
| 13.2.3.Acros Organics B.V.B.A. |
| 13.2.4.Dayang chem (Hangzhou) Co., Ltd. |
| 13.2.5.Finetech Industry Limited |
| 13.2.6.Jinan Haohua Industry Co., Ltd. |
| 13.2.7.Shanghai Meicheng Chemical Co., Ltd. |
| 13.2.8.Pfaltz & Bauer Inc. |
| 13.2.9.Leonid Chemicals Pvt. Ltd. |
| 13.2.10.Nanjing ChemLin Chemical Industry Co., Ltd. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.