Methyl Acetoacetate Market

Methyl Acetoacetate Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Methyl Acetoacetate Market Segmented By Acetates, Acetoacetates, Methyl Compounds with Application in Pharmaceuticals, Agrochemicals and Dyes

Industry: Chemicals and Materials

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Report ID: PMRREP32496

Methyl Acetoacetate Market Forecast and CAGR

According to latest research by Persistence Market Research, Methyl Acetoacetate market is set to witness steady growth between 3% and 5% during the forecast period of 2021-2031.

Due to its varied number of applications as an intermediate for manufacture of pigments and dyestuffs that are organic in nature, in the production of various agriculture chemicals and pharmaceutical products and in the manufacture of polymers, it is projected to drive the demand of Methyl acetoacetate or else otherwise known as acetoacetic acid methyl ester methyl 3-oxobutanoate.

What is Driving Demand for Methyl Acetoacetate?

End-use industries such as agrochemicals, pharmaceuticals, and solvents, among others, drive the growth of market.

In the pharmaceutical industry, the most important use of the compound can be seen as it is used as a chemical reagent in the synthesis of various pharmaceutical products and is used in the production of cyclic compounds including pyrazole and coumarine derivatives as an initiator.

Due to its extensive use in the Biginelli reaction, for the production of dihydropyrimidinones, which is further used highly as anti-hypertensive agents in the medicine industry adds to the increased consumption of the methyl acetoacetate in the industry of medicine and pharma.

In the cosmetics and beauty industries, it is used as a scent solvent too. Furthermore, the increasing trend of using organic dyes are also adding to the benefit of the market as it used as an intermediate to develop azo dyes that are organic in nature. In addition to that, various lacquers, masking isocyanates in enamels and plastics are all made of this chemical compound.

Increased growth of Pharmaceutical industry is likely to augment Methyl Acetoacetates sales

Globally, an estimated 1/4th of the world’s population has hypertension, and the numbers are only expected to increase. Hypertension leads to heart disease and stroke, which are the first and third leading causes of death worldwide, respectively, high blood pressure is the top modifiable risk factor worldwide and clinical evidence shows calcium channel blockers are preferred first-line treatments for treating hypertension.

The use of the intermediate is seen in the development of these drugs i.e. dihydropyrimidinones which are used as calcium channel blockers or anti-hypertensive agents. Thus, the demand for these medicines would drive the need for Methyl Acetoacetate for the production of the prescribed drugs.

Due to the ongoing pandemic of Covid-19, there has been an extensive growth rate in the industry of pharmaceutical, owing to which intermediates used for various synthesis of chemical and medicinal compounds have been rising factor for the growth of the market.

APAC Methyl Acetoacetate Market Outlook

Asia Pacific is one of the biggest and fastest-growing regional market for methyl acetoacetate. The high demand for methyl acetoacetate in the pharmaceutical and agrochemical industries is driving the development of the derivative in this region. In this region, China has the highest demand for it.

Other factors like increased consumption of perfumery products and use of the uracil herbicides bromacil and terbacil in the agrochemicals industry, in countries like as India, South Korea, and Japan has made the APAC region, an important domestic market for the chemical compound.

North America Market Outlook

The methyl acetoacetate market in this area is being driven by rising demand for agrochemicals, primarily from the United States. U.S. is also one of the largest market for methyl acetoacetate in the world and the growing demand for it is from dyestuff, perfumery products, pigments, and pharmaceuticals is projected to drive sales in the North American region.

Who are the Key Manufacturers and Suppliers of Methyl Acetoacetate?

Some of the leading manufacturers and suppliers include -

  • JiangsuTiancheng Biochemical Products
  • Xiamen Hisunny Chemical Co. Ltd
  • Eastman
  • Hubei Jusheng Technology Co. Ltd.
  • Hangzhou J&H Chemical Co. Ltd.
  • Santa Cruz Biotechnology Inc.
  • Clariant
  • Laxmi Organic Industries
  • Lonza
  • Chemieliva Pharmaceutical Co. Ltd.
  • Haihang Industry Co. Ltd.
  • Gihi Chemicals Co. Limited
  • Nantong Acetic Acid Chemical
  • Hangzhou Meite Chemical Co. Ltd.
  • Qingdao Double Peach
  • Speciality Chemicals (Group)
  • Jinan Haohua Industry Co. Ltd.
  • Taizhou Zhongrong Chemical
  • Jinhe Industry
  • Daicel and Wanglong Science and Technology Co. Ltd.

The key manufacturers are mostly ramping up their production capabilities at their facilities as these ketene derivatives are mostly used in the end use industries which are estimated to grow in the said forecast period.

Producers are also planning for strategic mergers and acquisitions of the local players so as to increase the geographical reach and get a better market penetration.

Key Segments

By Type

  • Acetates
  • Acetoacetates
  • Methyl Compounds

By Application

  • Pharmaceuticals
  • Agrochemicals
  • Dyes

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • BENELUX
    • Russia
    • Nordics
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia Pacific
    • India
    • ASEAN Countries
    • Oceania
    • Rest of South Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA

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.

Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Companies Covered in This Report

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