Diketene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Diketene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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Diketene is an organic compound and colorless liquid with the molecular formula of C4H4O2. It is a member of the oxetane family. Diketene is manufactured by the process of dimerization of ketene. It is used as a reagent in organic chemistry. Diketenes with two alkyl chains are used in the manufacture of paper for sizing of paper in order to improve their printability. Diketene is a highly reactive building block, which can be combined with numerous other chemical compounds to make a wide range of products. Transport of diketene is forbidden due to its high energy content. Diketene product are made with alcohols, aliphatic amines, and aromatic amines.

Diketene, the anhydride of acetoacetic acid, and diketene derivatives can be segmented based on application into manufacture of agrochemicals, dyes, pigments, pharmaceuticals (including vitamins), and stabilizers for PVC and polyester. Other niche markets include cosmetics, plasticizers, and paints. Pharmaceuticals and pigments are the dominant applications of the market, followed by agrochemicals. The acetoacyl group in diketene of the derivatives has broad functionality. It can be used in the production of further products.

Rise in applications in pharmaceutical and pigment industries is a key factor driving the diketene market. Diketene is used as an intermediate in the manufacture of pharmaceuticals, insecticides, and dyes. For example, pyrazolones are formed from substituted phenylhydrazines. Earlier, they were used as analgesics, but are now largely obsolete. With methylamine, diketene reacts to N,N'-dimethylacetoacetamide, which is chlorinated with sulfuryl chloride and reacted with trimethyl phosphite to the highly toxic insecticide monocrotophos. Diketenes react with substituted aromatic amines to form acetoacetanilides, which are important precursors for mostly yellow, orange or red azo dyes and azo pigments. Growth in other industries such as paints and agrochemical is also anticipated to boost the demand for diketene in the near future.

Ill-effects of diketene on human health is one of key factors hampering the market. It is a strong irritant to eyes, nose, and throat. Inhalation of diketene causes respiratory tract infection and irritation. It can be harmful if swallowed or absorbed by the skin, thereby causing skin irritation. Furthermore, increase in prices of the chemical acts as a restraining factor. For instance, Eastman Chemical Company is increasing prices of its products, due to the rise in operating costs, especially raw material costs.

In terms of geography, the diketene market can be segregated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is a dominant region of the market, followed by Europe and Asia Pacific. North America is estimated to account for large share of the global diketene market, owing to the growth in the pharmaceutical industry in countries such as the U.S. and Canada. Due to the modern lifestyles of the people the western region people are getting inclined towards junk foods, which leads to the health issues. This, in turn, is driving the pharmaceutical industry in North America and Europe. Demand for diketene has been rising in Asia Pacific due to the expansion in the pigments industry in the region. Countries such as China, India, and Japan are driving the market in in Asia Pacific owing to the presence of large number of manufacturing facilities in these countries.

Key players operating in the diketene market include Lonza, Synthetic Chemical Industry, UCC, FMC, Hoechst, and Daicel Chemical Industry.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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