Diethyl Acetoacetamide Market Size & Share, by Purity (>98%, 98% - 95%, <95%); Application (Insecticides, Pesticides, Pigment Manufacturing); End-user (Paint & Coating, Plastic & Textile, Paper & Pulp, Agriculture) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4086
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Diethyl Acetoacetamide Market size is anticipated to cross USD 270 million by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of diethyl acetoacetamide was over USD 157 million. The growth of the market can be attributed to the increasing agricultural land as well as the rising use of insecticides across the world. In the U.S. more than 50% of the land base is used for agricultural production as of 2021. Also, the increasing use of chemical pigments for coloring is anticipated to drive market growth in the coming years. The increasing population around the world is rising the demand for food crops productivity and manufacturing of various disease control pesticides which in turn are estimated to drive the market growth.

The escalating chemical sector growth with increasing manufacturing of different chemicals is estimated to increase the market growth. The increasing application of the paper industry is also estimated to drive market growth. The increasing number of institutions, the financial and law sectors is propelling the use of paper across the world. The global value of the educational services sector in the year 2023 was worth more than USD 2 trillion as per the estimations. The diethylacetoacetamide is the intermediate in the manufacturing of various pigments which are used in paints, coatings, and other sectors that need color and are estimated to drive market growth as per the market analysis.


Diethyl Acetoacetamide Market
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Diethyl Acetoacetamide Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~6%

Base Year Market Size (2022)

~ USD 157 Million

Forecast Year Market Size (2033)

~ USD 270 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Diethyl Acetoacetamide Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Escalating Demand for Pesticides Across the Globe – The rising number of diseases for agricultural plants is estimated to drive market growth across the world. The increasing demand for food crops with a rising population worldwide is driving market growth across the world. The demand for pesticides and insecticides to improve crop productivity was also anticipated to increase the market growth. The worldwide use of pesticides was estimated to raise to reach more than 3.5 million tonnes by 2020.
  • Increasing Requirements for Weed Removal Substances – The increasing consumption of herbicides for agriculture worldwide in the year 2020 was estimated to be more than 1300 thousand metric tons.
  • High Utilization in Pigment Production with Rising Construction Sector – The value of pigments and dyes in the year 2022 across the world was worth more than USD 35 billion across the world.
  • Significant Need in Multiple Industries, Such as Paint & Coating, Plastic & Textile, Paper & Pulp – In the year 1975, the number of textile fibers produced was over 23 million metric tons and was increased to more than 110 million metric tons in the year 2021.  

Challenges

  • Availability of Alternative Chemicals in the Market
  • Rising Harmful Effects on the Environment and Mankind - The harmful effects of diethyl acetoacetamide cause skin, and eye irritation, may affect the respiratory tract when exposed too long, and may also cause central nervous system disorders and hepatotoxicity affecting the liver. These side effects are estimated to hamper the market growth in the coming years.
  • Requirement of Skilled Personnel to Handle


Diethyl Acetoacetamide Segmentation

Application (Insecticides, Pesticides, Pigment Manufacturing)

The global diethyl acetoacetamide market is segmented and analyzed for demand and supply by application into insecticides, pesticides, and pigment manufacturing. Out of the three segments, the pigment manufacturing segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing utilization of pigments in the textile industry in the coming years. The textile sector worldwide was worth over USD 550 billion in the year 2022 and reached more than USD 600 billion in 2023 as per the reports. The growing application of pigments in the paint and coating industry is rising with the increasing construction sector and renovations across the world. Also, the increasing number of paper industries owing to the adoption of paper packaging is rising the application of pigments in the coming years. All these factors are estimated to have a positive impact on the growth of the market during the forecast period.

End-user (Paint & Coating, Plastic & Textile, Paper & Pulp, Agriculture)

The global diethyl acetoacetamide market is also segmented and analyzed for demand and supply by end-user into paint & coating, plastic & textile, paper & pulp, agriculture, and others. Amongst these segments, the paper & pulp segment is expected to garner a significant share. The increasing number of educational institutions and rising number of hospitals are estimated to drive the market of the paper industry. The growth of the pulp and paper industry across the world is attributed to the increasing use of tissue paper, toilet paper, paper rolls, printing, and writing paper.The rising utilization of paper in the packaging industry is also driving market growth in the coming years. The rising preference for sustainable products and goods is also anticipated to boost market growth during the forecast period.  The United States is the first-largest producer and second-largest consumer of paper with the use of more than 60 million metric tons in 2020.

Our in-depth analysis of the global market includes the following segments:

    By Purity

  • >98%
  • 98% - 95%
  • <95%

    By Application

  • Insecticides
  • Pesticides
  • Pigment Manufacturing

    By End User Industry

  • Paint & Coating
  • Plastic & Textile
  • Paper & Pulp
  • Agriculture
  • Others

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Diethyl Acetoacetamide Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific diethyl acetoacetamide market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. 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.

Research Nester
Diethyl Acetoacetamide Market Size
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Companies Dominating the Diethyl Acetoacetamide Landscape

top-features-companies
    • Alkyl Amines Chemical Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Parchem Fine and Specialty Chemical, Inc.
    • TCI Chemical (India) Pvt. Ltd.
    • Alpha Chemical Private Limited
    • Hangzhou Hairui Chemical Industry Co., Ltd.
    • Eastman Chemical Company
    • Jiangsu SOPO (Group) co., Ltd.
    • IOL Chemicals and Pharmaceuticals Limited (IOLCP)
    • Jiangsu Baichuan High-tech New Materials Co., Ltd.
    • Godavari Biorefineries Limited

In-the-news

In The News

  • Sun Chemical Group Cooperatief U.A. introduced new effect pigments that highlight the natural colorants and ingredients to make them sustainable solutions for the beauty sector.


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4086
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for pesticides worldwide, rising requirements for weed removal substances, and high utilization in pigment production are the major factors driving the growth of the diethyl acetoacetamide market.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.

The presence of alternative chemicals in the market and rising harmful effects on the environment and mankind are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Alkyl Amines Chemical Limited, Parchem fine & specialty chemical, TCI Chemical (India) Pvt. Ltd., Alpha Chemical Private Limited, Hangzhou Hairui Chemical Industry Co., Ltd., Eastman Chemical Company, Jiangsu SOPO (Group) co., Ltd., IOL Chemicals and Pharmaceuticals Limited (IOLCP), Jiangsu Baichuan High-tech New Materials Co., Ltd., Godavari Biorefineries Limited, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by purity, application, end-user industry, and by region.

The paper & pulp segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Diethyl Acetoacetamide Market Report Scope
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