ACCESSWIRE
14 Jan 2021, 00:05 GMT+10
Market players are focusing on fortifying business foundations for ascertaining sustainable expansion to remain afloat in the market.
DUBAI, UAE / ACCESSWIRE / January 13, 2021 / The key aspects for rise in demand for diketene were multi-pronged, however, growing Diketene applications in agriculture and healthcare industry generated a slew of prospects for producers. Moreover, increasing demand for sustainable farming has augmented consumption of organic chemicals which broadly utilize diketene derivatives. The future projections for the global diketene market is likely to remain bullish, with FMI's analysis foreseeing a CAGR of 5% over the assessment period, 2020-2030.
'Growing production of paints and coatings, pesticides, vitamins, and medicines, amid others, has ensued in a drastic increment in the demand for diketene derivatives, which are utilized as intermediates in their manufacturing. This describes the projected higher growth of the diketene derivatives market amid the projected period.' states the FMI analyst.
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Diketene Market - Important Highlights
Diketene Market - Drivers
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Diketene Market - Restraints
COVID-19 Impact on Diketene Market
The onset of COVID-19 pandemic has negatively impacted the diketene market. As precautionary measures governments all over the world have imposed lockdown and border closure owing to which agricultural activities such as export and import of agrochemicals have notably fallen and is hindering the diketene market expansion. Furthermore, with rising cases of new strain of UK COVID-19, the manufacturing in these sectors are impacting to encounter difficulties for instance untimely deliveries of diketene derivatives. Owing to all these aspects, the diketene market is impacted amid the crisis.
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Competitive Landscape
The global diketene market is characterized by the existence of several global and regional level producer. About half to 3/5th of the overall market share is accounted for by the prominent market players.
Key players identified in the market are Eastman Chemical Company, Lonza, Daicel Corporation, Mitsubishi Chemical Co. Ltd., Laxmi Organic Industries Ltd., Zhang Jiagang Hope Chemicals Co. Ltd., Ningbo Wanglong Technology Co., Nantong Acetic Acid Chemical Co. Ltd., Toronto Research Chemicals and Jubilant Life Sciences Ltd.
About the Study
The study offers readers a comprehensive assessment of the diketene market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of derivative (diketene esters, arylamides, alkylamides, dihydroacetic acid & salt (DHS) and others), application (agrochemicals, pharmaceuticals & nutraceuticals, pigments & dyes and others) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Report: https://www.futuremarketinsights.com/reports/diketene-market
Press Release Source: https://www.futuremarketinsights.com/press-release/diketene-market
SOURCE: Future Market Insights
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