Methyl Acetoacetate Market- Global Industry Analysis, Size, Share 2020
Global Methyl Acetoacetate Market: Overview
Methyl
acetoacetate is mainly used as an intermediate in the manufacture of
polymers and other materials. It is used as a chemical intermediate
across a host of end-use industries such as agro chemicals,
pharmaceuticals, and others. In pharmaceuticals, methyl acetoacetate
acts as an intermediate in formulations such as dipyradamole,
amoxyciline, and antipyrine among others. Methyl acetoacetate is
utilized as an intermediate in primiphos, mevinphos, and hymexazole
formulations in the agrochemicals sector.
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Methyl
acetoacetate is used in the synthesis of cyclic compounds and
alpha-substituted aceto-acetic esters. Methyl acetoacetate is used as a
copromoter in resins and several other compounds.
The
report provides a pin-point analysis of the growth curve of the global
market for methyl acetoacetate over the six-year forecast period from
2016 to 2024. It evaluates the changing competitive dynamics and
provides valuable insights to market entities to stay ahead in the
competition.
The
market study is a useful tool to understand current market trends,
industry growth drivers, and challenges. It analyzes recent product
developments and technological advancements that are expected to have a
bearing on this market’s growth over the forecast period. Included in
this report is a review of macro and micro factors that are important
for existing market players as well as for new entrants.
Global Methyl Acetoacetate Market: Trends and Opportunities
The
methyl acetoacetate market is mainly driven by end-use industries such
as agrochemicals, pharmaceuticals, and solvents among others. It is used
as an initiating material in the manufacture of cyclic compounds such
as pyrazole and coumarine. It is used as a solvent for fragrances in the
perfume and cosmetic industry. Moreover, methyl acetoacetate is used in
the manufacture of azo dyes, lacquers, masking isocynates in enamels,
plastics, and lacquers among others.
However,
environmental concerns pertaining to the use of methyl acetoacetate and
.aw material issues are some of the factors that are expected to result
in sluggish growth of the methyl acetoacetate market over the forecast
period. Methyl acetoacetate if ingested or inhaled can cause skin and
eye irritation.
Global Methyl Acetoacetate Market: Regional Outlook
Asia
Pacific stood as the leading and fastest growing regional market for
methyl acetoacetate in 2013. The growth of this regional market is
mainly due to high demand for methyl acetoacetate from pharmaceuticals
and agrochemicals industries. China displays the leading demand for
methyl acetoacetate in this region. Other countries such as India, South
Korea, and Japan are also significant domestic markets for methyl
acetoacetate due to the increasing consumption from perfumery products
and agrochemicals industry.
North
America is the second-leading regional market for methyl acetoacetate.
Increasing demand from agrochemicals predominantly from the U.S. is
driving the methyl acetoacetate market in this region.
Europe
stood as the third-leading market for methyl acetoacetate in 2013. This
is mainly due to the rising demand for methyl acetoacetate from
dyestuff, perfumery products, pigments, and pharmaceuticals. Western
Europe is one of the leading consumers of methyl acetoacetate in Europe.
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Rest
of the World region is expected to display positive outlook for the
methyl acetoacetate market during the forecast period. Brazil, South
Africa, and Argentina are expected to be key domestic markets in this
region.
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