Diethyl Malonate Market REPORT OVERVIEW
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The global diethyl malonate market size is predicted to value at USD 88 million in 2022 and is projected to touch USD 122.56 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 3.7% during the forecast period.
The diethyl ester of malonic acid is called diethyl malonate. It is a colorless liquid with an apple-like odor that occurs naturally in grapes and strawberries and is used in perfumes. It is used in organic synthesis to make alpha-aryl malonates, mono-and di-substituted acetic acid, barbiturates, and artificial flavours. It is also used in the production of pharmaceuticals such as chloroquine, butazolidin, and barbital. It serves as an intermediate in the synthesis of vitamins B1, B6, nonsteroidal anti-inflammatory agents, agrochemicals, and perfumes. It reacts with benzaldehyde to form diethyl benzylidenemalonate in the Knoevenagel condensation reaction.
At room temperature, it is slightly soluble in water and slightly soluble in ethyl alcohol, ether, chloroform, and benzene. It is a colourless, fragrant liquid that boils at 199 degrees celsius and is made by reacting monochloroacetic acid with methanol, carbon monoxide, or cyanoacetic acid with ethyl alcohol. It is a key raw material in the pharmaceutical and agricultural chemical industries. It is used in the pharmaceutical industry to synthesise pharmaceuticals such as chloroquine, butazolidin, barbital, and others. Furthermore, it can be used in pesticides, paint, spices, and other industries. It is used in organic compounds, as an intermediate in dyestuff, medicine, and spicery, and as a medical material.
COVID-19 Impact: Inadequacy of Raw Material to a Decrease in the Market Growth
The COVID-19 pandemic was one of humanity's most serious setbacks in recent history. When a tiny virus brought the world to a halt for nearly two years, it affected every aspect of life. The global economy was in free fall as a result of the lockdown. Raw material shortages occurred as a result of transportation issues caused by pandemic control regulations. When import and export became difficult, it had a direct impact on production. COVID-19 had a wide-ranging impact on the industry's growth. Overall, the pandemic had a combined effect on diethyl malonate market growth.
LATEST TRENDS
"Technological Advancement Lead a Rise in Market Demand"
The diethyl malonate market is constantly changing, with new trends emerging all the time. Understanding the latest trends, on the other hand, is critical for staying ahead of the competition. The market is incorporating new technologies into existing products in order to increase their acceptability. This segment's research and development sector is working very hard to make the product appealing to many other industries. As a result, the research sector is also contributing to the growth of the diethyl malonate market.
Diethyl Malonate Market SEGMENTATION
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- By Type
Based on type; the market is divided into Technical Grade, Pharma Grade, and Others
Pharma Grade is the leading part of this segment.
- By Application
Based on application; the market is divided into Drug Intermediates, Dyes and Pigments, Flavors and Fragrance, and Others
Drug Intermediates is the leading part of the application segment.
DRIVING FACTORS
"Increasing Demand from Pharma Industry Lead to a Market Growth"
The pharmaceutical industry has a significant impact on the diethyl malonate market. It is used in the pharmaceutical industry to synthesise pharmaceuticals such as chloroquine, butazolidin, barbital, and others. Furthermore, it can be used in pesticides, paint, spices, and other industries. It is a key intermediate in the synthesis of vitamins B1 and B6, barbiturates, non-steroidal anti-inflammatory agents, and a wide range of pharmaceuticals, agrochemicals, and flavours and fragrances.
"Unique Properties Lead to More Product Demand"
In organic synthesis, diethyl malonate is used to make alpha-aryl malonates, mono-and di-substituted acetic acid, barbiturates, and artificial flavourings. It is reactive due to its unique structure and serves as a reagent for organic synthesis and the production of products such as barbiturates, pigments, and agrochemicals. Volatile esters have fruity scents and are frequently used as fragrances and flavourings. Diethyl malonate is a volatile diester found in fruits like grapes, strawberries, guava, melon, pineapple, and blackberries. The product's popularity is growing as a result of its distinct features.
RESTRAINING FACTORS
"Increasing Raw Material Price Hinder the Market Growth"
Aside from the advantages, there are some drawbacks to using diethyl malonate. When consumed, it causes skin irritation and is mildly toxic. When heated to the point of decomposition, it produces noxious smoke and fumes. There is a risk to the user's health if it is used without proper precautions. It has the potential to cause severe irritation or damage to the eyes. It also has a negative impact on the aquatic environment. These drawbacks apply to a large number of products in this category. Despite the fact that these issues exist, they have a minor impact on the market.
Diethyl Malonate Market REGIONAL INSIGHTS
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"Asia Pacific to Lead Market Owing to Industrialization "
The growing pharmaceutical industry is expected to contribute to the Asia-Pacific region having the largest diethyl malonate market share in terms of value. Owing to its desire to expand in terms of these products, the region is focusing more on research and development. End-user industries are attempting to capitalise on product benefits in this region more than ever before in the coming years. As a result, the forecast for the period is expected to increase rapidly.
KEY INDUSTRY PLAYERS
"Prominent Players in the Market to Boost Market Growth"
This market's data was compiled from a variety of sources. Among these sources are trade journals, statistics from professional associations, university studies, and government reports, to name a few. Information is gathered from producers, distributors, sellers, retailers, micro-experts, and other market participants in addition to these primary sources. The report contains details on industry participants and their local activities. Partnerships, technological advancements, acquisitions, mergers, and industrial facility expansion are a few examples of information collection and reporting techniques.
List of Market Players Profiled
- Hebei Chengxin (China)
- Tiande Chemical (China)
- Nanlin Chemical (China)
- Puhua Chemical (China)
- Anhui Jinbang Medicine Chemical (China)
- Ziguang Chemical (China)
REPORT COVERAGE
The research includes a comprehensive examination of the market's current state, taking into account all critical factors such as raw materials, technology, and equipment, as well as supply and demand, production capacity, and industry chain analysis. This research evaluates both the market potential and the market risks associated with the emergence of specific categories. The key market drivers and restraints are also evaluated in order to determine their impact on market growth. Major firms' performance is evaluated over time, and their effects on market dynamics are investigated.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 88 Million in 2022 |
Market Size Value By |
US$ 122.56 Million by 2031 |
Growth Rate |
CAGR of 3.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the diethyl malonate market expected to touch by 2031?
The global diethyl malonate diethyl malonate market is expected to reach 122.56 million by 2031.
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What CAGR is the diethyl malonate market expected to exhibit by 2031?
The diethyl malonate market is expected to exhibit a CAGR of 3.7% by 2031.
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Which are the driving factors of the diethyl malonate market?
Product demand from supporting industries, particularly pharmaceuticals, is rapidly increasing. It is primarily due to its distinct properties. The distinct characteristics of this product drive significant diethyl malonate market growth.
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Which are the top companies operating in the diethyl malonate market?
Hebei Chengxin, Tiande Chemical, Nanlin Chemical, Puhua Chemical, Anhui Jinbang Medicine Chemical, Ziguang Chemical