According to latest research by Future Market Insights, Acetoacetanilide market is projected to grow with a CAGR of more than 5% during the forecast period 2021-2031. Demand is surging at a significant rate owing to growth in number of end use industries and expanding demand for plastic products. Moreover, growing demand for agricultural products due to rise in population across the globe is providing required momentum to the market.
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What is Driving Demand for Acetoacetanilide?
Acetoacetanilide find its application in formulation of pigments which in turn are used as important ingredient for production of paints, ink, and coatings etc. Paint and coatings industry is witnessing significant growth due to various macro economic factors like growing GDP and increased residential and commercial construction spending. This growth in paints and coating industry is fueling Acetoacetanilide sales across the globe during the forecast period.
The environmental regulations imposed on the use of toxic ingredients in the production of paints and coatings has led to a surge in development and use of water based paints and coating products. Such aspects open new opportunity areas for the sales of pigment products, thus helping market growth.
Acetoacetanilide also finds its application in formulation of agrochemicals. Demand for agrichemicals is witnessing remarkable growth owing to growing demand of better crop yield which in turn promoting the sales during the forecast period.
Rising Agro Product Demand to Augment Sales
Due to increase in population across the globe the demand for agro products in increasing remarkably and expected to carry the same trend for the forecast period. To cater this vast demand need for better crop yield and per hectare production is increasing, which in turn elevating the sales of agrochemicals which increases the sales of Acetoacetanilide.
In addition, product also finds its applications in the printing inks industry. Also, Paints and Coating Industry is experiencing significant growth due to various factors like rise in construction industry and increasing sustainable materials. These factors are anticipated to promote the demand during the forecast period.
Asia Pacific Demand outlook for Acetoacetanilide
East Asia is one of the most lucrative market across the globe owing to the strong presence of manufacturers of Acetoacetanilide as well as end use industries. East Asian countries of China, Japan and South Korea are prominent markets for the consumption owing to rising demand from several end use industries such as pharmaceuticals, agriculture, paint & coatings, plastic, and other industries.
In addition, the region has strong demand from the paints and coating industry in countries such as Indi and ASEAN region as well, owing to vast residential and commercial construction sectors. Rising demand for the products from manufacturing industries is propelling paints and coating industry which in turn promoting the sales during the forecast period.
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Who are Key Manufacturers and Suppliers of Acetoacetanilide?
Some of key manufacturers and suppliers across the market are
- Eastman Chemical
- Mitsuboshi Chemical Co. ltd.
- Nantong Acetic acid Chemicals Co. Ltd.
- Cangzhou Goldlion Chemicals
- Laxmi Organic Industries
- Jiangsu Changyu Chemicals
- Hangzhou Dayangchem
- Shanghai Qidian Chemicals
- Jiangsu Tiangcheng Biochemicals Products
- Jiangzhou fine chemicals
Market Report Highlights:
- Detailed overview of the 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
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumersz
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