According to the research report titled ‘Global Diketene Derivatives Market Size study, by Derivative (Diketene Esters, Arylamides, Alkylamides, Dihydroacetic Acid (DHS) and Salt, Others) by Application (Agrochemicals, Pharmaceuticals and Nutraceuticals, Pigments and Dyes, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global diketene derivatives market is anticipated to expand notably during 2022-2028.

Research analysts predict that flourishing agrochemical industry, and increasing product demand from the pigment & dye sector are the major growth stimulants for global diketene derivatives market.

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For the unversed, diketene is an organic substance having the chemical formula C4H4O2. Derivatives of diketene are industrial intermediates that are used to make amides and acetoacetate esters. They have a wide range of uses, including pigments, agrochemicals, and dyes as well as medicines and nutraceuticals.

Furthermore, growing food consumption levels, and flourishing pharmaceuticals vertical in emerging nations are expected to augment industry expansion in the coming years.

However, fluctuating cost of raw materials, and the negative effects of the COVID-19 on end-use verticals may stifle market growth during the stipulated timeframe.

Based on derivative, the industry is divided into dihydroacetic acid (DHS) & salt, alkylamides, arylamides, diketene esters, and others. Inn terms of application, worldwide diketene derivatives market is branched into pigments & dyes, pharmaceuticals & nutraceuticals, agrochemicals, and others.

Regionally, the latest industry trends are studied across North America (Canada, U.S.), Asia Pacific (China, South Korea, India, Australia, Japan), Europe (U.K, France, Germany, Spain, Italy), and Latin America (Mexico, Brazil).

Out of these, North America industry holds a major revenue share at present, owing to expansion of the chemical sector, and the presence of major players in the region.

Whereas Asia Pacific market is poised to grow at a healthy CAGR over the stipulated timeframe, on the back of expanding demand for agriculture chemicals in the region.

Huntsman Corporation, Daicel Chemical Industries Ltd., Teijin Shoji Co. Ltd., Hoechst AG, Celanese Corporation Ltd., Eastman Chemical India Private Ltd., FMC Corporation, United Chemical Company LLP, Nippon Synthetic Chemical Industry Co. Ltd.,
and Lonza Group AG are the leading players in global diketene derivatives market.