Diethyl Ketone (C5H10O) is also known as 3-pentanone ethyl propionyl and belong to the class of ketones, which are organic compounds and have a carbonyl group bonded to two carbon atoms. Diethyl Ketone has an odor like that of acetone and is a colorless liquid, which is soluble in organic solvents. It can be produced through two manufacturing routes – Ketonic decarboxylation route or Carbonylation route.
Demand for Diethyl Ketone is expected to witness significant growth in terms of both volume and value during the forecast period. This can be attributed to the growth in manufacturing facilities across the globe, especially in China and other countries/regions, to meet the increasing demand from various end users.
The paints & coatings industry is expected to drive the demand of diethyl ketone across the globe during the forecast period as diethyl ketone is used as a solvent in this industry. Pharmaceutical production is increasing due to a rise in awareness among individuals towards fitness and increasing disposable income, which leading to the proper treatment of diseases. This in turn is expected to surge the demand for medicines and lead to an increase in the consumption of diethyl ketone in the pharmaceutical industry, thereby fueling the diethyl ketone market growth at a significant rate during the forecast period. Diethyl ketone is also used as an intermediate in pesticides and pharmaceuticals.
Manufacturers have a lucrative opportunity to expand their manufacturing facilities or sales network for diethyl ketone in the Asia Pacific region, attributing to the increasing demand for diethyl ketone from various end use industries in the region. It is estimated that diethyl ketone import in India is majorly from China as China has a relatively high production capacity as compared to India.
Tier 2 and Tier 3 companies are estimated to hold a significant share in the global diethyl ketone market, which can be attributed to the intense presence of medium to small sized diethyl ketone manufacturing companies in China, India, etc. Small to medium sized market players in China include Finetech Industry Limited, Yangzhou Princechem Co., Ltd., Zhejiang Hongxin Chemical, Yixing Zhonggung Fine Chemical Company, Jinan Haohua Industry Co., Ltd. and others.
Fluctuation in the prices of raw materials and the demand for diethyl ketone is expected to act as an obstacle in the growth of the market during the forecast period
North America and Europe are expected to witness a surge in the demand for diethyl ketone during the forecast period. This can be attributed to the growth in pharmaceutical and chemical industries, which are estimated to hold significant shares in the North America and Europe diethyl ketone market.
Asia Pacific is expected to hold a significant share in the global diethyl ketone market during the forecast period, owing to the increasing production of paints and coatings and pharmaceuticals, coupled with the growing chemical industry in the region.
Latin America and the Middle East and Africa regions are also expected to witness an increase in the demand for diethyl ketone during the forecast period
Examples of some of the key participants in the global diethyl ketone market are:
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By end use industry, the diethyl ketone market can be segmented as:
By application, the diethyl ketone market can be segmented as:
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