BBA Market Competition by Manufacturers, Share, Size and development Trends 2022
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.
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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.
Market Segment:
Key Applications
•
Heat & Pressure Sensitive Dye
Key Regions
•
North America
•
Europe
•
Asia Pacific
Key Vendors
•
Jianxin
•
SNCL
•
Wilson
•
Longsheng
•
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