The global diisobutyl ketone market was valued US$ X.53 Bn in 2019 and is expected to reach US$ X.22 Bn by 2027, at a CAGR of X.18 % during a forecast period.
global diisobutyl ketone market Definition:
Diisobutyl ketone is the liquid, light in color organic compound with the formula (CH3)2CHCH2COCH2CH(CH3)2. It is insoluble in water but slightly soluble in most of the organic solvents. It produces mild odour after exposure. It is widely accepted as a solvent in the chemical industries for numerous applications.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
global diisobutyl ketone market Drivers and Restraints:
Growing demand of the product from the evolving food industries as an additive to enhance the end-product quality is anticipated to push the market growth of global diisobutyl ketone market. Characteristics of the materials ability to reduce the viscosity, surface tension of the product as per process need and suitability is considered as prominent factor to drive the targeted market growth in the coming years. Good solubility amongst several resins including alkyd, acryl, polyester, epoxy resins and vinyl making, demand for the listed resins are remarkably high in painting and coating sector. Thus, huge demand for the attractive coating and painting across the numerous emerging economies are considered as another boosting factor for the targeted market demand. It is used as a solvent in the nitrocellulose paints and coats. Further, it has broad applications in insecticides, dyes, printing inks and dyes. Progress in the pharmaceutical industries and numerous inventions making this product prominent in the drug component. It also finds huge application in the extraction of rare earth metal and gold.
Awareness amongst the growing population, innovation in technologies will drive the market growth in near future. Rise in spending in manufacturing infrastructure and attractive coating in the industrial as well as commercial sector expected to generate numerous opportunities for the market growth. Growing application in various field like chemical, food, pharmaceutical, automotive building coating, and other industry will remain the key factor to drive the market.
Moreover, the availability of prominent substitutes in raw material with complex process and huge spending is expected to hinder the market.
global diisobutyl ketone market Segment analysis:
In terms of application, solvent section is recognized as the fastest growing segment amid the other application in 2019 and this development is expected to last over the next seven years, because of noteworthy growth in the chemical industry. Governmental initiative and pressure on the production industry to use biobased solvent and chemical hence, diisobutyl ketone has all these properties will boost the market growth in coming years. The manufacture of diisobutyl ketone is growing at an annual rate of X% owing to increased demand in numerous growing industrial applications. Solvent industry is on demand from chemical manufacturing sectors, thus diisobutyl ketone is highly demanded from the production sector that will help targeted market to grow.
global diisobutyl ketone market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the diisobutyl ketone market and is expected to grow at a CAGR of XX % during the forecast period. Developing regions like India, China, and Japan are considered the major contributors for the diisobutyl ketone market growth in the Asia Pacific region. In 2019, market size was valued US$ XX Bn while in China, market size was valued US$ XX Bn and expected to increase by US$ XX Bn in coming years. Use of diisobutyl ketone widely used in the industrial sector including paint, coating, chemical and other. Hence, growth in aforesaid sector is noticeable and hence increasing the market demand helping the market to grow in terms of value and volume.
The objective of the report is to present a comprehensive analysis of the Global Diisobutyl Ketone Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Diisobutyl Ketone Market dynamics, structure by analysing the market segments and project the Global Diisobutyl Ketone Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Diisobutyl Ketone Market make the report investor’s guide.
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Global Diisobutyl Ketone market, By Product
• Industry Grade
• Food Grade
Global Diisobutyl Ketone market, By Applications
• Chemical Processing
Global Diisobutyl Ketone Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Diisobutyl Ketone Market,
• Mitsubishi Chemical Corporation
• Nanya Plastics Corporation
• Global Bio-Chem Technology Group
• Tokyo Chemical Industry Co., Ltd. (TCI)
• Henan Kaixiang Fine Chemical
• Orochem Technologies Inc
• Changcheng Energy
• Shanxi Sanwei Group
• Xinjiang Tianye
• Shanxi BidiOu
• Sichuan Tianhua
• Biosyncaucho S.L
• Dairen Chemical
• Merck KGaA
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