ESOMAR-certified firm Future Market Insights (FMI) has recently published an extensive study on the global diketene market. According to the study, diketene demand is set to grow at nearly 5% in 2021, with growing focus on health & wellness creating substantial opportunities.
The pharmaceutical industry has made prolific advances, interspersed with numerous technological innovations and breakthroughs in drug development. For instance, India is the leading global generic drug market, valued at over US 19.1 billion as of 2021. Thus, diketene manufacturers are increasing their presence across the Asian markets.
In addition to surging demand from pharma and nutraceutical segment, diketene sales are likely to receive a fillip from the dyes & pigments segment. According to FMI’s analysis, the global pigments and dyes industry was valued at nearly US$ 396.2 million in 2022.
The industry uses a slew of products as raw materials, however, growing consumer concerns has led the industry to incorporate organic and natural raw materials. Diketene derivatives are widely used in the production of a number of organic pigments, and FMI estimates this channel to create substantial opportunity during the assessment period.
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List Of Key Players Covered in Diketene Market are:
- Lonza
- Eastman Chemical Company
- Daicel Corporation
- Laxmi Organic Industries Ltd.
- Mitsubishi Chemical Co. Ltd.
- Zhang Jiagang Hope Chemicals Co. Ltd.
- Nantong Acetic Acid Chemical Co. Ltd.
- Ningbo Wanglong Technology Co.
- Jubilant Life Sciences Ltd.
- Toronto Research Chemicals.
Key Takeaways
- Global diketene market is likely to exhibit a value CAGR of 4.7% through 2032
- Diketene esters to generate 73% of the overall revenue by derivative type across the forecast period
- By application, pharmaceuticals & nutraceuticals to acquire 170 BPS, generating over 40% revenue share
- China is expected to emerge as a potential investment hotspot, owing to maximum proliferation of chemical manufacturers
“Favorable investment policies combined with extensive uptake to manufacture enhanced pharmaceutical and nutraceutical products in the wake of a rapidly exploding population is opening up growth avenues across East Asia,” concludes the FMI analyst.
Competitive Landscape
Prominent players operating in the global diketene market landscape include Lonza, Eastman Chemical Company, Daicel Corporation, Laxmi Organic Industries Ltd., Mitsubishi Chemical Co. Ltd., Zhang Jiagang Hope Chemicals Co. Ltd., Nantong Acetic Acid Chemical Co. Ltd., Ningbo Wanglong Technology Co., Jubilant Life Sciences Ltd. and Toronto Research Chemicals.
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Strengthening business foundations for ensuring sustainable growth is a primary strategy deployed by these players to remain afloat in the market. For this, they emphasize on maximizing profitability from existing product portfolios by undertaking significant cost reductions, enhancing cash flows and expanding investment volumes.
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
More Insights on FMI’s Diketene Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global diketene, analyzing historical demand from 2014-2021 and forecast statistics for 2022-2032. The study reveals growth projections on the diketene on the basis of derivative (diketene esters, arylamides, alkylamides, dihydroacetic acid & salt (DHS) & others) and application (agrochemicals, pharmaceuticals & nutraceuticals, pigments & dyes and others) across six major regions.
About FMI
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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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