BBA Market SWOT Analysis, Top Manufacturers, and Competitive Analysis Report, 2022
The BBA market is subject to witness a substantial growth due to the increasing demand of the products for production of color formers.
(firmenpresse) - The global 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid (BBA, CAS 54574-82-2) market is expected to display higher growth rate by 2022. The BBA market is subject to witness a substantial growth due to the increasing demand of the products for production of color formers. The 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid (BBA, CAS 54574-82-2) is also known as butyl-keto acid.
The butyl-keto acid or 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid acts as a chemical intermediate during the color formation. Globally, the 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid or BBA market is predicted to grow at CAGR of 4.3% over the forecast period, providing numerous opportunities for market players to invest in research and development of the BBA market.
The key applications of the 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid include production of heat & pressure sensitive dye and leuco dye. The heat & pressure sensitive dye are increasingly used in the pressure and heat sensitive recording systems that utilizes color formation mechanism; such systems consists of various color formers, developers and sensitizers. These factors are escalating demand for 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid over the forecast period.
The pressure sensitive recording systems containing large amounts of 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid as a color former, are destroyed by applied pressure, thus directly making a contact with the developer coated support material. The direct contact with the developer coated support material initiates the coloring reaction. The 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid are also used in the heat sensitive recording systems.
The recent technological advancement in the chemical industry coupled with development of the novel products are expected to drive market growth over the forecast period. Additionally, strong economic growth and rapid industrialization in the developing economies such as China and India are projected to expand market reach for BBA market, in the upcoming years. However, complexities involved with production of 2-[4-(Dibutylamino)-2-hydroxybenzoyl] benzoic acid coupled with easy availability of counterfeit products such as BBA or 4-Diethylamino-2-hydroxybenzophenone-2'-carboxylic acid are expected to limit market growth to a certain extent.
The BBA market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America and European region have shown major growth in recent years owing to the introduction of novel production techniques in the chemical industry and existence of well-established manufacturing sector in the region.
Asia-Pacific region is predicted to hold major market share in the BBA market with massive growth in forecast period. Countries such as India and China are leading the Asia-Pacific market with strong economic growth, rising research & development activities, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the BBA market are Jianxin tyre (Fujian) Co., Ltd., Sigma-Aldrich Co., Sadhana Nitro Chem Ltd., Connect Chemicals GmbH, Wilson Chemical Innovations Inc., and Zhejiang Longsheng Group Co., Ltd.
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Datum: 05.03.2020 - 10:41 Uhr
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