Diketene Market Set to Reach USD 684.5 Million by 2034, Driven by Demand in Pharmaceuticals and Agrochemicals | FMI Study [Yahoo! Finance]
Eastman Chemical Company (EMN)
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Source: Yahoo! Finance
NEWARK, Del, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The global diketene market is projected to grow from USD 432 million in 2024 to USD 684.5 million by 2034, with a CAGR of 4.7% over the forecast period. Diketene, an organic compound, is widely used across the agrochemical and pharmaceutical sectors, positioning it as a crucial component in various chemical syntheses. Increasing agricultural output and pharmaceutical development, particularly in Asia Pacific, are major growth drivers for this market. This compound's utility extends to the production of pesticides, herbicides, and insecticides, essential in improving crop yield to meet rising global food demands. The pharmaceutical industry's rapid expansion, especially in countries like India and China, further elevates demand, as diketene serves as a precursor for vital chemical compounds used in medications. Despite being essential, the market faces challenges due to the compound's hazardous nature, necessitating stringent handling
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- 10/31/24 - Beat
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- 11/12/24 - Form SCHEDULE
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