Acetoacet-o-Toludide Market Forecast and CAGR
As per the research conducted, sales of Acetoacet-o-Toludide is anticipated to grow with a growth rate of 3.0% to 5.0% during the coming assessment period of 2021 and 2031. Owing to wide range of applications, the market is expected to grow with a considerable growth rate in the coming years.
Growing demand for polymers is expected to fuel the growth for the consumption of Acetoacet ortho toludide. Other names for this product include Acetoacet ortho toludide, and Butanamide.
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What is Driving the Consumption rate for Acetoacet-o-Toludide?
With the growing demand of agrochemicals, the consumption rate of butanamide is also expected to increase as the compound is used in the production of certain agricultural chemicals. The growing demand of dyes and pigments in textile and paints industries is also anticipated to boost the growth rate in the coming years.
Growing pharmaceutical industry across the globe is also estimated to benefit the sales, as the compound is used in the production of certain types of drugs. Moreover, the consumption of Acetoacet ortho toludide is projected to increase due to the growing demand for coating materials.
Growing application of several polymers across various industries also expected to benefit the market as butanamide used as stabilizer, co-promoter for the synthesis of polyester, PVC and other types of polymers.
Polymer Industry is expected to boost the sales of Acetoacet-o-Toludide
Polymer industry is witnessing a significant demand from packaging, automotive, piping, medical devices, etc. industries due to its excellent chemical and physical properties. Butanamide is used in the manufacturing of polyvinylchloride, polyester and other polymers. Growing demand of these polymers is expected to benefit the consumption rate during the forecast period.
Strong development in the plastic industry has also benefited the sales of Acetoacet-o-Toludide all over the globe. Further, the growing demand for light weight automotive parts, polymeric chairs and tables, wires and cables, films, sheets and tubes also estimated to bolster the growth of the market in the coming years.
U.S. and Canada Acetoacet-o-Toludide Market Outlook
Growing polymer industry in U.S. and Canada is boosting the sales of Acetoacet-o-Toludide. Growing demand for agrochemicals in these countries also enhancing the demand of the compound. Increasing demand for dyes and pigments in U.S. and Canada is also anticipated to benefit the market growth rate.
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Strong growth in the pharmaceuticals sector is further benefiting the consumption of butanamide. Significantly growing paints and coatings industry in U.S. and Canada is anticipated to bolster the growth in the sales volume of the organic compound. However, stringent regulations for chemicals and plastic in these countries is estimated to impact the growth of the market to a certain extent.
Asia Pacific Demand Outlook for Acetoacet-o-Toludide
Asia Pacific region is expected to remain a prominent as well as one of the fastest growing region all over the globe for the consumption of Acetoacet ortho toludide. Strong development in the chemical industry in Asia Pacific region is also expected to benefit the market during the forecast period.
Further, significantly growing polymer and plastic industry in this region also boosting the demand of butanamide. Growing consumption of various drugs and medicine is projected to bolster the consumption rate over the coming forecast period.
Moreover, the strong presence of key market participants in Asia Pacific region especially in China maintains the supply rate and the region is also a key exporter of the compound all over the globe. Increasing investment for research in the organic compounds by various market participants also estimated to benefit the sales of the compound.
Who are the Key Manufacturers and Suppliers of Acetoacet-o-Toludide?
Some of the leading manufacturers and suppliers of Acetoacet-o-Toludide include
- Parchem fine & specialty chemicals
- Changsha EASCHEM
- Pravin Dyechem Pvt. Ltd.
- Qingdao Bangli Chemical Co. Ltd.
- Jigs Chemical
- Finetech Industry Limited
- Skyrun industrial Co. Ltd.
- Many Others.
Key market participants are investing a fair share of their revenue in research and development sector for the innovation and development of products to cater the growing demand from the end use sectors. Research also focuses on the development of several substitute products for several applications.
This benefits for the utilization of waste stream for various applications by extracting the necessary compounds. Certain key manufacturers are investing in R&D to boost the applications of Acetoacet-o-Toludide to increase their annual turnover.
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