Diethyl Oxalate Market Forecast to 2032
According to recently published data on the diethyl oxalate market, global sales are predicted to reach nearly US$ 1.03 Bn in 2022, representing a Y-o-Y rise of about 4.6%. The demand for diethyl oxalate is anticipated to grow at a 4.9% CAGR from 2022 to 2032.
By the end of 2032, Persistence Market Research projects that the world’s consumption of diethyl oxalate would be US$ 1.65 Bn. For diethyl oxalate providers, East Asia, South Asia, and the Pacific are anticipated to remain important markets.
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Diethyl oxalate is an ester of Diethyl Carbonate and Oxalic Acid. Diethyl carbonate is a colorless liquid with a sweet odor. Diethyl oxalate is used as a solvent in the production of pharmaceuticals, dyes, and other organic compounds. It is also used in the textile industry as a dyeing assistant. Diethyl oxalate can also be used to produce plastics, explosives, and lacquers.
The Diethyl Oxalate Market is expected to grow steadily over the forecast period. Rising demand for Diethyl oxalate in various end-use industries, including pharmaceuticals and textiles, are driving the market growth. Increasing industrialization and rapid urbanization globally have led to an increase in the demand for Diethyl oxalate as a raw material or intermediate in different applications. In addition, Diethyl oxalate has low volatility, solubility, and toxicity which makes it suitable for use in many products requiring high purity levels. Moreover, Diethyl oxalate offers excellent solvency properties which allows it to dissolve a variety of organic compounds. These advantages are expected to drive its market growth during the forecast period.
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Key Players-
- TCI Chemicals
- BorsodChem MCHZ, s.r.o
- Zibo Xusheng Chemical Co., Ltd
- ACETO GmbH
- Connect Chemical GmbH
- Merck KGaA
- Nanjing Chengyi Chemical Co., Ltd.
- RX Chemicals
- Alpha Chemika
- Hefei TNJ Chemical Industry Co., Ltd.
- Indian Oxalate Limited
- Mudanjiang Fengda Chemicals Corporation and more
The Diethyl Oxalate Market is segmented based on application, end-use industry and region.
Based on application, the Diethyl Oxalate Market is divided into explosives, lacquers, plastics, and others.
On the basis of end-use industry, it is divided into pharmaceuticals, dyes & pigments, textiles, inks & coatings and others.
Regionally, the Diethyl Oxalate Market is analyzed across North America (the United States and Canada), Europe (Germany and UK), Asia Pacific (India and China) South America (Brazil), Middle East and Africa (Saudi Arabia).
Overall, Diethyl oxalate’s versatile nature and growing demand from the pharmaceuticals, textiles, inks & coatings, explosives, and lacquers industries are some of the factors boosting market growth.
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Key Questions Answered in This Report.
What are the Roadblocks for Diethyl Oxalate Suppliers?
What are the Key Opportunities for Diethyl Oxalate Manufacturers?
How is Focus on Safety Influencing Diethyl Oxalate Demand?
What is the Regulatory Impact on Global Sales of Diethyl Oxalate?
Which Region Offers the Largest Opportunity for Sales of Diethyl Oxalate?
Where Does the U.S. Stand in the Market for Diethyl Oxalate?
What Is the Outlook for Diethyl Oxalate Manufacturers in China?
Why is Germany a Lucrative Market for Diethyl Oxalate Manufacturers?
Why Will Belgium Outpace Other European Markets for Diethyl Oxalate?
Why is There High Demand for Tires in Diethyl Oxalate?
Why are Sales of Diethyl Oxalate Surging?
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