Diketene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Transparency Market Research
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.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents