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.
The global diketene market size 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.
Furthermore, the expansion of the 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.
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.
As per FMI, the global diketene market is expected to be dominated by the East Asia Region and is predicted to continue during the forecast period. Diketene market in East Asia is projected to top US$ 205.6 Million by 2032.
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“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 in Diketene Market Research Report:
- 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.
Competitive Landscape in Diketene Market Report:
Key market participants in the diketene market include
- Eastman Chemical Company
- Daicel Corporation
- Laxmi Organics Industries Limited
- Mitsuboshi Chemical Co. Ltd
- Jiangsu Tiancheng Biochemical Products Co. Ltd
- Ningbo Wanglong Technology Co.
- Nantong Acetic Acid Chemical Co., Ltd.
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.
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More Insights into the Global Diketene Market Report
In its latest report, FMI offers an unbiased analysis of the Global Diketene market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on derivative (diketene esters, arylamide, alkylamide, dihydroacetic acid (DHS) & salt, and others), by application (agrochemicals, pharmaceuticals & nutraceuticals, pigments & dyes and others) & by region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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