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Oct 5, 2020 10:50 AM ET

Diketene Derivatives Market is set for a Rapid Growth and is Expected to Reach USD 629 Million by 2026

iCrowd Newswire - Oct 5, 2020

Zion Market Research has published a new report titled “Diketene Derivatives Market Report by Product Type (Diketene Esters, Arylamides, Alkylamides, Dihydroacetic Acid (DHS), and Others), and by Application (Agrochemicals, Pharmaceuticals and Nutraceuticals, Pigments and Dyes, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026 .”According to the report, the Diketene Derivatives Market accounted for USD 340 Million in 2018 and is expected to reach USD 629.3 Million by 2026, growing at a CAGR of around 8% between 2019 and 2026.

The global diketene derivatives market is anticipated to observe noticeable growth over the years. The diketene is a dimer of ketene and a colorless liquid with non-hygroscopic properties. The numerous chemicals can be derived from diketene such as diketene esters, arylamides, alkylamides, and dihydroacetic acid (DHS) and others. These derivatives are extremely reactive building blocks that can be blended to develop a wide range of products. They are widely utilized in the production of pharmaceuticals and nutraceuticals, agrochemicals, and pigments and dyes, among others.  Moreover, the demand for diketene derivatives is increasing from the agrochemical industry, which is estimated to drive the growth of the market within the forecast period.

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The global diketene derivatives market has been categorized on the basis of product type and Application. Based on the product type, the diketene derivatives market is segmented into diketene esters, arylamides, alkyl amides, dihydroacetic acid, and others. The diketene esters segment is expected to grow at maximum share within the forecast period. This is due to the wide applications in several industries such as pharmaceutical, agrochemical, and dye industries. The major products such as ethyl, methyl, isopropylester of acetoacetic acid are produced in a continuous process. Arylamides are produced when aromatic amines react with diketene, where they are used mainly in the production of azo pigments. Alkylamides are produced by the reaction of aliphatic amines and diketene that are used in pharmaceutical and polymer industries. Dihydroacetic Acid is a solid material which is used as preservatives in the cosmetic industries. On the basis of the application, the diketene derivatives are segmented into the agrochemicals, pharmaceuticals and nutraceuticals, pigments and dyes, and others. The pharmaceuticals and nutraceuticals segment is likely to have a prominent share within the forecast period owing to the use of diketene derivatives in the manufacturing of a wide range of antimicrobial and chemotherapeutic products. The agrochemicals segment is estimated to grow at a higher pace within the forecast period owing to various applications. The diketene derivatives are used in the agrichemical industries in order to control weeds & pests, and also to fertilize the soil. All these aspects are estimated to bolster the growth of the diketene derivatives market within the forecast period.

Some of the key players in the global diketene derivatives market are Lonza, Teijin Shoji Co. Ltd., Celanese, FMC, UCC, and Synthetic Chemical Industry, Toronto Research Chemicals, Mitsuboshi Chemical, Daicel, and Eastman Chemical among others.

This report segments the global diketene derivatives market as follows:

Global Diketene Derivatives Market: Product Type Segment Analysis

Global Diketene Derivatives Market: Application Analysis

Global Diketene Derivatives Market: Regional Segment Analysis

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Keywords:    Diketene Derivatives Market

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