Diethyl Acetoacetamide Market - Regional Analysis
APAC Market Statistics
Asia Pacific industry is predicted to dominate majority revenue share by 2035. The growth of the market can be attributed majorly to the convenient availability of raw materials, the growing agriculture sector, and the increasing investment of major companies. Based on data presented by the World Bank in 2018, 2,705,488 sq. km of agricultural land was found available alone in South Asia, meanwhile, 47.4% of land in East Asia and the Pacific was being utilized for agricultural activities. The increasing utilization of chemicals for the manufacturing of paints, coatings, paper, and pulp industry is estimated to drive market growth in the coming years in this region. The growing number of textile industries is also anticipated to propel the growth of the market in the future.
North American Market Forecast
Furthermore, the global diethyl acetoacetamide market is also projected to hold a remarkable share in North America region on the back of rising demand for weed removal chemicals and insecticides over the forecast period. Additionally, growing investment in other industries, such as paint & coating, paper & pulp, and plastic & textile is also anticipated to influence the growth of the market positively during the forecast period. As per a report published by the United States Geological Survey (USGS) about 1 billion pounds of pesticides are utilized in the USA annually to put a stop to weeds, pests, and insects. Such factors are forecasted to boost the growth of the market throughout the forecast period in this region.
