Diketene Market to Grow at 5% CAGR Through 2030, Says FMI
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 2019. 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$ 35 million in 2020. 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.
Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-332
Key Takeaways
- Global diketene market is likely to exhibit a value CAGR of 5% through 2030
- 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.
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.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-332
China Holds Sway across East Asia
Perhaps no market is as opportunistic as China, expected to contribute nearly 60% of the global revenue share in the diketene market. Immense growth opportunities abound across the nutraceutical industry in the coming years, attributed to growing awareness about good health and adoption of healthy lifestyles.
By 2050, approximately 400 million Chinese people will be aged over 65 years. Presently, more than 50% of nutraceuticals are consumed by the geriatric population. Moreover, it is the fastest expanding market for nutraceuticals across East Asia. Spurred by this, companies are enhancing supply, generating white spaces for diketene derivatives.
The Chinese market is peppered with several regional level manufacturers, which include, but not limited to, Hangzhou J&H Chemical Co. Ltd., Zehao Industry Co. Ltd., Hangzhou Meite Industry Co. Ltd., Haihang Industry Co. Ltd. and many others.
Agrochemicals is another important application area. Presently, the country feeds 22% of the global population, with only 7% of the planet’s arable land. It is regionally the highest consumer of grain, due to the presence of the world’s largest population. Consequently, demand for fertilizers to ensure crop availability has risen.
Key Segments
Derivative
- Diketene Esters
- Arylamides
- Alkylamides
- Dihydroacetic Acid & Salt (DHS)
- Others
Application
- Agrochemicals
- Pharmaceuticals & Nutraceuticals
- Pigments & Dyes
- Others
Region
- North America (U.S & Canada)
- Latin America (Brazil, Mexico & Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia & Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand and Rest of South Asia & Pacific)
- Middle East & Africa (GCC, Turkey, South Africa & Rest of MEA)
Ask for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-332
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
Barite Market: Barite market will cross the US$ 2 Bn mark by the end of 2030. Expansion of the automotive industry is creating revenue streams for manufacturers due to growing demand for brake pads and clutches for cars
Coated Fabrics Market: Coated fabrics are woven or non-woven cloth with a specialized coating that’s applied to the surface of the material, or saturated into the material’s bulk
Carbonate Minerals Market: Registering revenues of more than US$ 45 Bn in 2019, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2019 – 2029
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/diketene-market
Press Release Source: https://www.futuremarketinsights.com/press-release/diketene-market
