Diketene Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2032
ESOMAR-certified firm Future Market Insights (FMI) has recently published an extensive study on the global diketene market. According to the study, diketene demand is set to grow at nearly 5% in 2021, with growing focus on health & wellness creating substantial opportunities.
The pharmaceutical industry has made prolific advances,
interspersed with numerous technological innovations and breakthroughs in drug
development. For instance, India is the leading global generic drug market,
valued at over US 19.1 billion as of 2019. Thus, diketene manufacturers are
increasing their presence across the Asian markets.
In addition to surging demand from pharma and nutraceutical
segment, diketene sales are likely to receive a fillip from the dyes & pigments
segment. According to FMI’s analysis, the global pigments and dyes industry was
valued at nearly US$ 35 million in 2020. The industry uses a slew of products
as raw materials, however, growing consumer concerns has led the industry to
incorporate organic and natural raw materials. Diketene derivatives are widely
used in the production of a number of organic pigments, and FMI estimates this
channel to create substantial opportunity during the assessment period.
Key Takeaways
– Global diketene market is likely to exhibit a value CAGR
of 5% through 2030
– Diketene esters to generate 73% of the overall revenue by
derivative type across the forecast period
– By application, pharmaceuticals & nutraceuticals to
acquire 170 BPS, generating over 40% revenue share
– China is expected to emerge as a potential investment
hotspot, owing to maximum proliferation of chemical manufacturers
“Favorable investment policies combined with extensive
uptake to manufacture enhanced pharmaceutical and nutraceutical products in the
wake of a rapidly exploding population is opening up growth avenues across East
Asia,” concludes the FMI analyst.
Competitive Landscape
Prominent players operating in the global diketene market
landscape include Lonza, Eastman Chemical Company, Daicel Corporation, Laxmi
Organic Industries Ltd., Mitsubishi Chemical Co. Ltd., Zhang Jiagang Hope
Chemicals Co. Ltd., Nantong Acetic Acid Chemical Co. Ltd., Ningbo Wanglong
Technology Co., Jubilant Life Sciences Ltd. and Toronto Research Chemicals.
Strengthening business foundations for ensuring sustainable
growth is a primary strategy deployed by these players to remain afloat in the
market. For this, they emphasize on maximizing profitability from existing
product portfolios by undertaking significant cost reductions, enhancing cash
flows and expanding investment volumes.
Read Full Research - https://www.futuremarketinsights.com/reports/diketene-market
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