Acetoacet-O-Toludide Market Trends

  • Report ID: 4099
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Acetoacet-O-Toludide Market Trends

Growth Drivers

  • Surging Textile Industry – The demand for textiles and other consumer items may rise as the world's population continues to rise, which as a result is expected to expand more in the upcoming years. As of 2021, more than 10% of India's total exports were made up of textiles, clothing, and handicrafts.
  • Rising Pharmaceutical Sector – It is expected that increasing spending on healthcare, across the globe, is estimated to drive market growth. As per estimates, health spending in the US grew by over 2% in 2021.
  • Increasing Demand for Dyes and Pigments – On the account of growing end-use industries such as textiles, construction, and packaging, the need for dyes and pigments is expected to increase. By 2025, it is anticipated that India's construction market would be worth more than USD 1 trillion.
  • Growing Demand for Pesticides – It is expected the growing intensive farming methods such as monoculture, which is anticipated to drive market growth. It was discovered that over 2 billion people are thought to work in agriculture globally, and the majority of them use pesticides to safeguard the food and commercial goods they produce.

Challenges

  • Negative Environmental Effects - The increasing concern amongst individuals for the negative effects of acetoacet-o-toludide on the environment is one of the major factors predicted to slow down the market growth. For instance, acetoacet-o-toludide can persist in soil for several years, which can lead to soil contamination, and it can seep into the surface and groundwater, causing water contamination.
  • Availability of Alternative Materials
  • Stringent Government Regulations

Acetoacet-O-Toludide Market: Key Insights

Chemicals (% of Value Added in Manufacturing) – 2016-2018

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years. 

Base Year

2024

Forecast Year

2025-2037

CAGR

4.5%

Base Year Market Size (2024)

USD 150.55 billion

Forecast Year Market Size (2037)

USD 266.8 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 4099
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of acetoacet-o-toludide is evaluated at USD 161.58 billion.

The acetoacet-o-toludide market size was over USD 150.55 billion in 2024 and is projected to reach USD 266.8 billion by 2037, witnessing around 4.5% CAGR during the forecast period i.e., between 2025-2037. Surging textile and pharmaceutical industry will boost the market growth.

North America industry is likely to account for largest revenue share of 35% by 2037, attributed to rising polymer sector.

The major players in the market are Shandong Condev PharmTech Co., Ltd., Henan Tianfu Chemical Co., Ltd, Nanjing Skyfly Chemical Co., Ltd, S&P Global Inc., Pravin Dyechem Pvt.Ltd., EMCO Dyestuff Pvt.Ltd, Changsha EASCHEM Co. Limited, Jigs Chemical Ltd., Guangzhou Petrochemical, Aceto Corporation
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