Diketene Market surpassing US$ 624.4 Mn by the end of 2032


Diketene Market By Derivative (Diketene Esters, Arylamide, Alkylamide, Dihydroacetic Acid (DHS) & Salt), Application (Agrochemicals, Pharmaceuticals & Nutraceuticals, Pigment & Dyes) & Region - Forecast 2022 - 2032

Diketene_1

As per FMI, the global diketene market is expected to dominated by East Asia Region and is predicted to continue during the forecast period. Diketene market in East Asia is projected to top US$ 205.6 Mn by 2032.

The global diketene market is projected to expand at a steady 4.7% CAGR during the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Diketene is primarily used in the manufacturing of a wide range of agrochemicals, pharmaceuticals & nutraceuticals drugs, pigments & dyes, and others.

Growing use and demand for diketene in the agrochemical industry is a major factor propelling the demand in the market. The demand for agrochemicals for intensive crop care is rising around the world.

Furthermore, expansion of pharmaceutical industry is increasing the adoption of diketene, boosting the market. In the pharmaceutical industry, diketene is used to make a variety of chemotherapeutic and antimicrobial products.

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Diketene is also used in quantitative and qualitative drug analysis, and is used in the pharmaceutical industry. Hence, key players are expanding their global reach by building new manufacturing plants to boost production capacity while also strengthening their distribution networks.

To meet growing customer demand, the companies are also focusing on product development by investing in research and development to develop advanced and innovative technologies, solutions, and materials.

“Over the assessment period, sales of diketene are expected to be driven by the expansion of agrochemicals & pharma industry across the globe followed by surging application in pigments & dyes and others.” says an FMI analyst.

Key Takeaways:

  • Based on derivatives, the diketene esters segment is projected to hold approximately 74% of the total market share in 2022.
  • In terms of application, the agrochemicals segment is anticipated to grow at 4.1% CAGR through 2032.
  • East Asia will emerge as an attractive diketene market and is expected to create an incremental $ opportunity of US$ 76.8 Mn in the forecast period.
  • Pharma & nutraceutical segment is expected to reach about US$ 7 Mn by end of the forecast period.

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Competitive Landscape         

Key market participants of the diketene marketinclude Eastman Chemical Company, Daicel Corporation, Ltd, Laxmi Organics Industries Limited., Mitsuboshi Chemical Co. Ltd, Jiangsu Tiancheng Biochemical Products Co. Ltd, Ningbo Wanglong Technology Co., Nantong Acetic Acid Chemical Co., Ltd., and others.

Key diketene market participants are investing in high-growth regions such as East Asia and South Asia Pacific to expand their customer base. The market for diketene is highly concentrated, with only a few market players dominating the market.

Diketene Market by Category

By Derivative:

  • Diketene Esters
  • Arylamide
  • Alkylamide
  • Dihydroacetic Acid (DHS) & Salt
  • Others

By Application:

  • Agrochemicals
  • Pharmaceuticals & Nutraceuticals
  • Pigments & Dyes
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

 

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.

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Published in

Business , News

Published on

Aug 25, 2022

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