Market Snapshot:
Diethyl ketone has another name as 3-Pentanone which is a simple, symmetrical dialkyl ketone. It is a colorless liquid ketone with an odor like that of acetone. It is soluble in about 25 parts water, but miscible with organic solvents. Diethyl ketone is used as a solvent in paint and a precursor to vitamin E. However, Diethyl ketone can be hazardous if it comes in contact with the skin or eyes, and can cause irritation of the skin and redness, watering, and itching of the eyes.
Highlights from Diethylketone Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Nacalai Tesque, Inc. (Japan), BASF SE (Germany), Honeywell (United States), Triveni interchem pvt. Ltd. (India), Nanjing New Hope Chemical Co.,Ltd. (China), Hanghai Pearlk Chemical Co., Ltd (Qidong) (China), Spectrum Chemical Mfg. Corp. (United States) and Chemieliva Pharmaceutical Co., Ltd. (China). Additionally, other players that are part of this comprehensive study are Jinan Great Chemical Co., Ltd. (China) and Hangzhou J&H Chemical Co., Ltd. (China).
Geographic Breakdown and Segment Analysis
The Global Diethylketone market presents a comprehensive analysis of the Diethylketone market by product type (diethylketone (3-pentanone), and carbonyl group), by end-user/application (Solvent, Intermediate, Processing aids and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Diethylketone industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Diethylketone market
Analyst at AMA have segmented the market study of Global Diethylketone market by Type, Application and Region.
Influencing Trend:
Usage of Diethyl Ketone as Intermediate to Pesticides and Pharmaceuticals
Market Growth Drivers:
Rising Usage of Diethyl Ketone in Paints and Coatings and Growing Pharmaceutical Production Due to Awareness Among Individuals Towards Fitness
Challenges:
Limited Number of Manufacturers in Market
Restraints:
Fluctuation in Raw Material Prices and Stringent Government Regulations
Opportunities:
Increasing Demand of Diethyl Ketone from End Use Industries and Growing Chemical Industry in Asia Pacific
Market Developments Activities:
In June 2022 Spectrum Chemical Mfg. Corp, (“Spectrum Chemical”), a leading global provider of fine chemicals, laboratory equipment and supplies, has entered into a new distribution arrangement with ANGUS Chemical Company (“ANGUS”) that expands Spectrum Chemical’s product offerings for research and development and production scale-up at commercial and academic organizations serving the biopharmaceutical and life sciences industries
In Nov 2023 Spectrum Chemical Mfg. Corp., a leading global provider of specialty, fine and cGMP chemicals, has announced that Poh Leong Peng has joined the company as General Manager, Spectrum China. Based in Shanghai, Poh will be responsible for working closely with Spectrum customers, strategic partners and distributors to drive engagement and business development efforts, and to oversee regional operations in serving the diverse China market.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others