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PTBBA (P-Tert-Butyl benzoic Acid) Market

Global PTBBA (P-Tert-Butyl benzoic Acid) Market Size, Share: By Application: Resins Modifier, Pharmaceuticals, Cosmetics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis, Price Analysis; Competitive Landscape; 2024-2032

Global PTBBA (P-Tert-Butyl Benzoic Acid) Market Outlook

The global PTBBA (P-Tert-Butyl Benzoic Acid) market size is projected to grow at a CAGR of 6.8% between 2024 and 2032, to grow significantly by 2032.

 

Key Takeaways

  • According to PTBBA (P-Tert-Butyl Benzoic Acid) market statistics, the world produced 29.6 million metric tons of rubber in 2022.
  • In 2021, synthetic rubber was the 149th most traded product in the world, with a total trade value of USD 29.9 billion.
  • From 2020 to 2021, exports of synthetic rubber rose by 35.1%, from USD 22.1 billion to USD 29.9 billion.

 

PTBBA (P-Tert-Butyl Benzoic Acid) is a type of organic compound that belongs to the carboxylic acid group. It is widely used as an intermediate to produce alkyd resins, polyester resins, and plasticisers. PTBBA can also be used as a corrosion inhibitor, a modifier for synthetic rubbers, and a preservative for cosmetics and food products.

 

The market growth can further be attributed to the rising demand for alkyd resins and polyester resins in the coatings, paints, and adhesives sectors, especially in the emerging economies of Asia Pacific and Latin America. The growing consumption of plasticisers in the plastics and rubber industries, especially to produce polyvinyl chloride (PVC) and other flexible polymers has increased the PTBBA (P-Tert-Butyl Benzoic Acid) market size.

 

Global PTBBA (P-Tert-Butyl benzoic Acid) Market

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Key Trends and Developments

Growing demand for PTBBA as an intermediate for alkyd resins and expanding applications of PTBBA are fostering the PTBBA (P-Tert-Butyl Benzoic Acid) market development

 

Date Company Information
February 2024 Uniproma Discovered a groundbreaking innovation known as supramolecular smart-assembling technology. This cutting-edge technology allows for the creation of advanced cosmetic products.
February 2024 Uniproma Introduced PromaCare TAB, also known as Ascorbyl Tetraisopalmitate (ATIP), to represent a revolutionary form of vitamin C that is reshaping skincare practices.
December 2023 Vinati Organics Limited Started producing Ortho Secondary Butyl Phenol (OSBP) and Di-Secondary Butyl Phenol (DSBP) for sale at its Lote facility in India.

 

 

Trend Impact
Growing demand for PTBBA as an intermediate for alkyd resins Demand for alkyd resins is driven by the increasing construction and automotive industries. These industries use alkyd resins for paints and coatings, where PTBBA acts as an intermediate. This can aid in PTBBA (P-Tert-Butyl Benzoic Acid) market growth.
Increasing adoption of biobased PTBBA, which is derived from renewable sources such as sugarcane Bio-based PTBBA offers environmental benefits such as lower greenhouse gas emissions and reduced dependence on fossil fuels. It also meets the regulatory and consumer preferences for green products and can create opportunities for PTBBA manufacturing companies.
Expanding applications of PTBBA in other sectors such as pharmaceuticals, cosmetics, and food PTBBA has various functions such as anti-inflammatory, antibacterial, antioxidant, and flavour enhancer. It can create new opportunities and increase the potential of PTBBA (P-Tert-Butyl Benzoic Acid) market.

 

Global PTBBA (P-Tert-Butyl Benzoic Acid) Market Trends

The expanding use of PTBBA as a corrosion inhibitor in the oil and gas, chemical, and metal industries, as it can prevent the formation of rust and scale on metal surfaces is positively impacting the PTBBA (P-Tert-Butyl Benzoic Acid) market outlook.

 

Moreover, the increasing demand for PTBBA as a preservative in the cosmetics and food industries is augmenting the market growth as PTBBA can inhibit the growth of bacteria and fungi and extend the shelf life of products.

 

Global PTBBA (P-Tert-Butyl benzoic Acid) Market

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Market Segmentation

Global PTBBA (P-Tert-Butyl Benzoic Acid) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Application Resins Modifier, Pharmaceuticals, Cosmetics, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

PTBBA applications for modifying resins are contributing to PTBBA (P-Tert-Butyl Benzoic Acid) market growth due to growing paint and coatings industry

PTBBA is used as a modifier for alkyd resins, which are widely used in paints, coatings, and varnishes. It enhances the properties of alkyd resins, such as gloss, hardness, drying time, and weather resistance. According to PTBBA (P-Tert-Butyl Benzoic Acid) market analysis, the growth of the paint and coatings industry is expected to drive the demand for PTBBA as a resins modifier.

 

PTBBA is used as an intermediate for the synthesis of some pharmaceutical products, such as fungicides, antibacterial agents, and anti-inflammatory drugs. It is also used as a precursor to produce tert-butyl hydroquinone (TBHQ), which is a food additive and an antioxidant. The growth of the pharmaceutical industry, especially in emerging markets, is expected to boost the PTBBA (P-Tert-Butyl Benzoic Acid) market share as a pharmaceutical intermediate.

 

Additionally, PTBBA is used as a raw material to produce cosmetic ingredients, such as butylparaben, which is a preservative and an antimicrobial agent. PTBBA is also used as a building block for the synthesis of some fragrances, such as musk ketone and musk xylene. The growth of the cosmetic industry, especially in the natural and organic segments, is expected to increase the demand for PTBBA as a cosmetic raw material.

 

Global PTBBA (P-Tert-Butyl benzoic Acid) Market

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Competitive Landscape

Market players are expanding their production facilities across international markets, as well as introducing cutting-edge technologies

 

Company Name Year Founded Headquarters Products/Services
Uniproma Co. Ltd 2004 Shanghai, China Cosmetic ingredients, personal care products, pharmaceutical intermediates
Jiangxi Yongtong Technology Co. Ltd. 1996 Jiangxi, China Fine chemicals, pharmaceutical intermediates, electronic chemicals, agrochemicals
DSN Chem Co., Ltd. 2005 Hubei, China Aromatics, heterocycles, boronic acids, amino acids, peptides, chiral compounds
Hebei Aoge Chemical Co., Ltd. 2010 Hebei, China Pharmaceutical intermediates, APIs, custom synthesis, contract manufacturing

 

Other key players in the global PTBBA (P-Tert-Butyl Benzoic Acid) market include Vinati Organics Limited, among others.

 

Global PTBBA (P-Tert-Butyl Benzoic Acid) Market Analysis by Region

North America is one of the prominent consumers of PTBBA due to its extensive use in the production of polyester resins and plasticisers

According to PTBBA (P-Tert-Butyl Benzoic Acid) market report, North America is the largest consumer of PTBBA, owing to its extensive use in the production of alkyd resins, polyester resins, and plasticisers. The region also has a strong presence of major end-user industries, such as paints and coatings, adhesives and sealants, and personal care products. The PTBBA (P-Tert-Butyl Benzoic Acid) market in North America is expected to grow at a moderate rate during the forecast period, driven by the recovery of the construction and automotive sectors.

 

The PTBBA (P-Tert-Butyl Benzoic Acid) market estimates that Asia Pacific is the fastest-growing region due to the rapid industrialisation in countries such as China, India, Japan, and South Korea. The region has a high demand for PTBBA in various applications, such as ink, rubber, PVC, and cosmetics. The growth of the textile, packaging, and electrical and electronics industries in the region is also boosting the consumption of PTBBA.

 

The European region has a well-developed and mature market for PTBBA, with a significant demand from the automotive, construction, and personal care sectors. Germany, France, Italy, and the UK are the major countries contributing to the PTBBA (P-Tert-Butyl Benzoic Acid) market growth due to their compliance with stringent environmental regulations and the shift towards bio-based and sustainable products.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Resin Modifier
  • Pharmaceuticals
  • Cosmetics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Uniproma Co. Ltd. 
  • Jiangxi Yongtong Technology Co. Ltd.
  • DSN Chem Co., Ltd.
  • Hebei Aoge Chemical Co., Ltd.
  • Vinati Organics Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global PTBBA (P-Tert-Butyl benzoic Acid) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global PTBBA (P-Tert-Butyl benzoic Acid) Historical Market (2018-2023) 
    8.3    Global PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast (2024-2032)
    8.4    Global PTBBA (P-Tert-Butyl benzoic Acid) Market by Application
        8.4.1    Resin Modifier
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Pharmaceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Cosmetics
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global PTBBA (P-Tert-Butyl benzoic Acid) Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Global PTBBA (P-Tert-Butyl Benzoic Acid) Feedstock Overview

    13.1    Isobutylene
    13.2    Toluene
    13.3    Global Isobutylene Market Analysis
        13.3.1    Global Isobutylene Historical Market (2018-2023)
        13.3.2    Global Isobutylene Market Forecast (2024-2032)
        13.3.3    Global Isobutylene Market by Application
            13.3.3.1    Automotive
            13.3.3.2    Aerospace
            13.3.3.3    Antioxidants
            13.3.3.4    Pharmaceuticals
            13.3.3.5    Others
        13.3.4    Global Isobutylene Market by Region
            13.3.4.1    North America
            13.3.4.2    Europe
            13.3.4.3    Asia Pacific
            13.3.4.4    Latin America
            13.3.4.5    Middle East and Africa
    13.4    Global Toluene Market Analysis
        13.4.1    Global Toluene Historical Market (2018-2023)
        13.4.2    Global Toluene Market Forecast (2024-2032)
        13.4.3    Global Toluene Market by Application
            13.4.3.1    Gasoline 
            13.4.3.2    STDP/TPX 
            13.4.3.3    Solvents 
            13.4.3.4    Transalkylation (TA) 
            13.4.3.5    Hydrodealkylation (HAD) 
            13.4.3.6    Toluene Diisocyanate (TDI) 
            13.4.3.7    Toluene Disproportionation (TDP) 
            13.4.3.8    Benzoic Acid
        13.4.4    Global Toluene Market by Region
            13.4.4.1    North America
            13.4.4.2    Europe
            13.4.4.3    Asia Pacific
            13.4.4.4    Latin America
            13.4.4.5    Middle East and Africa
    13.5    Global Toluene Feedstock Trade Analysis (HS Code-290230)
        13.5.1    Major Importing Countries: by Value & Volume
        13.5.2    Major Exporting Countries: by Value & Volume
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Uniproma Co. Ltd. 
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Jiangxi Yongtong Technology Co. Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3     DSN Chem Co., Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Hebei Aoge Chemical Co., Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Vinati Organics Limited
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments


List of Key Figures and Tables

1.    Global PTBBA (P-Tert-Butyl benzoic Acid) Market: Key Industry Highlights, 2018 and 2032
2.    Global PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Application (USD Million), 2018-2023
3.    Global PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Application (USD Million), 2024-2032
4.    Global PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa PTBBA (P-Tert-Butyl benzoic Acid) Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa PTBBA (P-Tert-Butyl benzoic Acid) Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Global PTBBA (P-Tert-Butyl benzoic Acid) Market Structure

Key Questions Answered in the Report

The market is expected to grow at a CAGR of 6.8% between 2024 and 2032.

The major market drivers for PTBBA (P-Tert-Butyl Benzoic Acid) include its use in the manufacture of thermal stabilisers in PVC. Additionally, PTBBA is utilised as a process regulator in the polymers industry, added during the resin production process.

Key trends aiding market expansion include the growing demand for PTBBA as an intermediate for alkyd resins, increasing adoption of biobased PTBBA, and expanding applications of PTBBA in various sectors.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Resins modifier, pharmaceuticals, and cosmetics, among others are the major application segments in PTBBA (P-Tert-Butyl Benzoic Acid) industry.

Isobutylene is primarily produced from the fractionation of refinery gases and through catalytic cracking of methyl tert-butyl ether (MTBE).

Isobutylene is widely used in various industries, including automotive, aerospace, and pharmaceutical. It is a key component in the production of polybutylene (butyl rubber) and serves as an intermediate for other chemicals.

Toluene is extensively used as a solvent in paints, varnishes, and cleaning products, as well as in the production of medicines, dyes, rubber, resins, and explosives. It is also utilised in liquid-in-glass minimum thermometers and high-octane aviation fuels due to its low freezing point.

Key players in the industry are Uniproma Co. Ltd, Jiangxi Yongtong Technology Co. Ltd., DSN Chem Co., Ltd., Hebei Aoge Chemical Co., Ltd., and Vinati Organics Limited, among others.

Analyst Review

The global PTBBA (P-Tert-Butyl Benzoic Acid) market size is projected to grow at a CAGR of 6.8% between 2024 and 2032, to grow significantly by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Resins modifier, pharmaceuticals, and cosmetics, among others are the major application segments in PTBBA (P-Tert-Butyl Benzoic Acid) industry. Isobutylene and toluene are the leading feedstock of the PTBBA (P-Tert-Butyl Benzoic Acid). The major regional markets for PTBBA (P-Tert-Butyl Benzoic Acid) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America and Europe accounting for the largest share of the market. The key players in the above market include Uniproma, Jiangxi Yongtong Technology Co. Ltd., DSN Chem Co., Ltd., Hebei Aoge Chemical Co., Ltd., and Vinati Organics Limited., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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