Diketene Derivatives Market is Expected to Grow at a CAGR of 8.2% by the End of 2028 - Future Market Insights

VALLEY COTTAGE, New York, April 10, 2019 /PRNewswire/ -- Future Market Insights' new market research report titled 'Diketene Derivatives Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028', investigates the diketene derivatives market, and provides critical insights for the forecast period 2018 and 2028.

As per the findings of the report, the global diketene derivatives market is expected to witness significant growth between 2018 to 2028, because of reasons such as increasing demand from pharmaceutical and nutraceutical, agrochemical, and pigment and dye industries. The global diketene derivatives market was valued at US$ 324.9 Mn in the year 2017, and is expected to expand at a CAGR of 8.2% over the forecast period of 2018 to 2028.

Increasing production of medicines, vitamins, pesticides, and paints and coatings, among others, has resulted in a drastic increase in the demand for diketene derivatives, which are used as intermediates in their production. This explains the projected high growth of the diketene derivatives market during the forecast period.

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South Asia Expected to Project Significant Growth Opportunities for Global Diketene Derivative Market Players

The global diketene derivatives market is fairly large and consolidated. There are a few players that have established themselves at international as well as domestic levels. These players are trying to grow further by expanding into high-growth regions, and also by expanding their manufacturing capacities to cater to the increasing demand.

East Asia is expected to be a prominent region in the global diketene derivatives market throughout the forecast period, because of the increasing production and consumption in China. Besides East Asia, South Asia, which includes countries such as India, Malaysia, and Thailand, is also projected to be a lucrative region for the global diketene derivatives market.

Developing economies, industrialization, and increasing annual income of the population in this region are some of the reasons that are majorly driving the opportunities of growth in South Asia.

Preview Analysis of Diketene Derivatives Market Segmented by (Derivative - Diketene Esters, Arylamides, Alkylamides, Dihydroacetic Acid (DHS) and Salt & Others; Application – Agrochemicals , Pharmaceuticals and Nutraceuticals, Pigments and Dyes & Others;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028: https://www.futuremarketinsights.com/reports/diketene-derivatives-market