Globale Marktgröße, Prognose und Trendhighlights für 2024–2036
Diethylacetoacetamide market size was over USD 167.36 million in 2023 and is projected to reach USD 384.15 million by the end of 2036, growing at a CAGR of about 6.6% during the forecast period, i.e., between 2024 and 2036. In 2024, the Diethylacetoacetamide industry size is estimated to reach USD 177.3 million. The growth of the market is attributed to the increasing agricultural land along with the increasing use of insecticides across the globe. In the US, more than 50% of the land area is used for agricultural production as of 2021. Also, the increasing use of chemical pigments for coloring is expected to drive the market growth in the coming years. The growing population across the globe is increasing the demand for food crops, productivity and manufacturing of various pesticides for disease control which in turn are estimated to drive the market growth.
It is estimated that the escalating growth of the chemical sector with increasing manufacturing of various chemicals will increase the market growth. It is also estimated that the increasing application of the paper industry will drive the market growth. The increasing number of institutions in the financial and legal sectors is driving the use of paper across the globe. The global value of the educational services sector is estimated to be more than $2 trillion in 2023. The Diethylacetoacetamide is the intermediate in the manufacturing of various pigments used in paints, varnishes and other areas that require color and is expected to drive the market growth as per market analysis.
Globaler Markt für Diethylacetoacetamid: Wachstumstreiber und Herausforderungen
growth drivers
- Increasing demand for pesticides worldwide – It is estimated that the increasing number of diseases in agricultural crops will drive the market growth across the globe. The increasing demand for food crops with a growing population worldwide is driving the market growth across the globe. It was also expected that the demand for pesticides and insecticides to improve crop productivity would increase the market growth. It is estimated that the global use of pesticides will increase to more than 35 million tons by 2020.
- Increasing demand for herbicides – The increasing global consumption of herbicides for agriculture was estimated at more than 1300 thousand tons in 2020.
- High capacity utilization in pigment production with growing construction sector – The value of pigments and dyes worldwide exceeded 35 billion US dollars in 2022.
- Significant demand in several industries such as paints and coatings, plastics and textiles, paper and pulp - In 1975, the number of textile fibers produced was over 23 million tons and increased to more than 110 million tons in 2021.
challenges
- availability of alternative chemicals on the market
- Increasing harmful effects on the environment and humans
The adverse effects of diethylacetoacetamide cause skin and eye irritation, can affect the respiratory system if exposed for too long and can also cause central nervous system disorders and hepatotoxicity affecting the liver. These side effects are estimated to hamper market growth in the coming years.
- need for qualified personnel
Globaler Markt für Diethylacetoacetamid: Wichtige Erkenntnisse
|
base year |
2023 |
|
forecast year |
2024-2036 |
|
CAGR |
~6.6% |
|
Base year market size (2023) |
~ 167.36 million US dollars |
|
Forecast year market size (2036) |
~384.15 million US dollars |
|
Regional scope |
|
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Diesen Bericht anpassenGlobaler Markt für Diethylacetoacetamid Regionale Zusammenfassung
The market for
Diethylacetoacetamide in Asia Pacific is expected to hold the largest market share along with the market in all other regions by the end of 2033. The growth of the market is mainly attributed to the cheap availability of raw materials, growing agricultural sector and increasing investments by major companies. Based on the data presented by the World Bank in 2018, 2,705,488 square kilometers of agricultural land was made available in South Asia alone while 474% of the area in East Asia and the Pacific was used for agricultural activities. Increasing use of chemicals for the production of paints, varnishes, paper and pulp industries is estimated to drive the market growth in the coming years in this region. The growing number of textile industries is also expected to drive the growth of the market in future.
Furthermore, the global diethylacetoacetamide market is also predicted to hold a notable share in the North America region during the forecast period owing to the increasing demand for weed removal chemicals and insecticides. Moreover, growing investments in other industries such as paint and coating, paper and pulp, and plastic and textile are expected to positively impact the growth of the market during the forecast period. According to a report by the United States Geological Survey (USGS), approximately 1 billion pounds of pesticides are used annually in the United States to stop weeds, pests, and insects. Such factors are predicted to boost the growth of the market throughout the forecast period in this region.
Die wichtigsten Unternehmen die den globalen Markt für Diethylacetoacetamid dominieren
- Alkyl Amines Chemical Limited
- Company Overview
- business strategy
- Important product offers
- Financial performance
- Key Performance Indicators
- risk analysis
- Recent Development
- Regional presence
- SWOT analysis
- Parchem Fine and Specialty Chemicals Inc.
- Supplier:TCI Chemical (India) Pvt. Ltd.
- Alpha Chemical Private Limited
- Verified Supplier - Hangzhou Hairui Chemical Industry Co. Ltd.
- Eastman Chemical Company (English)
- Verified Supplier - Jiangsu SOPO (Group) co. ltd.
- IOL Chemicals and Pharmaceuticals Limited (IOLCP)
- Verified Supplier - Jiangsu Baichuan High-tech New Materials Co. Ltd.
- Godavari Biorefineries Limited
In the News
-
March 2023: Sun Chemical Group Cooperatief UA launches new effect pigments that highlight natural dyes and ingredients to make them sustainable solutions for the beauty sector.
Autorenangaben: Rajrani Baghel
- Report ID: 4086
- Published Date: Mar 30, 2023
- Report Format: PDF, PPT
