The Global N-(n-butyl) Thiophosphoric Triamide (NBPT) Market is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 63 million US$ in 2025, from 52 million US$ in 2020.
Major Players in the Market consist of Zhejiang Sunfit, Jinma Chemical, Jiangxi Jixiang, Jiujiang Woxin, Hubei Hengshuo and AVF Chemical.
N-(n-butyl) Thiophosphoric Triamide (NBPT) is white crystal or powder substance, and is one of the most effective urease inhibitors available today. NBPT can effectively slow down the process decomposition of urea into ammonia, extend the diffusion time of urea. It is a good way to save urea, increase crop yield, reduce environmental pollution.
A new study stated that as a pain management technique, the oral consumption of Hyoscine-N-butyl Bromide has increased with a rise in the instances of abdominal cramps and pain, particularly among the adult population. This highlights that growing prevalence of irritable bowel syndrome (IBS) will continue to underpin Hyoscine-N-butyl bromide sales. Over the past few years, the prevalence of IBS and abdominal pain as the gastrointestinal tract disorder has increased, resulting in the increasing consumption of anti-spasmodic drugs. IBS has emerged as one of the most common causes of abdominal pain in the last few years, according to the International Foundation for Gastrointestinal Disorders, the prevalence of IBS is estimated around 10-15% globally.
The Ministry of Chemicals and Fertilizers on June 29, 2020 issues the n-Butyl Acrylate (Quality Control) Order, 2020. This Order is applicable to n- Butyl Acrylate “IS 14709:1999 - Specification for n- Butyl Acrylate”. The product shall bear a license under from the Bureau as per Scheme–I of Schedule–II of the Bureau of Indian Standards (Conformity Assessment) Regulations, 2018. Any person who contravenes any of the provisions of this order shall be punishable under the provisions of the Bureau of Indian Standards Act, 2016.
Market Segmentation By Type (Purity: >?97% and Purity: >?98%), By Application (Fertilizer and Feed Additives). By region it has (North America, Europe, Asia-Pacific and Middle East & Africa). North America dominated the global n- (n-butyl) thiophosphoric triamide (NBPT) market in 2019. Over the forecast period, the Asia Pacific region is anticipated to witness the highest CAGR for the n- (n-butyl) thiophosphoric triamide (NBPT) market.
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