Diethyl Oxalate Market to hit US$ 165.68 Million by 2032, says Persistence Market Research

Diethyl Oxalate Market

global market for diethyl oxalate is estimated to reach a value of US$ 165.68 Million by the end of 2032. Consumption of diethyl oxalate is projected to increase at a 4.9% CAGR between 2022 and 2032. Growing pharmaceutical, agriculture, and pigment & dye industries are expected to bolster diethyl oxalate market growth.

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Diethyl oxalate is an organic compound with the chemical formula C4H8O4. It is a colorless, crystalline solid that is soluble in water, alcohols, and most organic solvents. It is widely used as a building block in the synthesis of various organic compounds, as well as in the manufacture of flavors, fragrances, and other consumer goods.

The diethyl oxalate market is expected to grow significantly in the coming years due to its widespread use in the production of various industrial and consumer goods. The increasing demand for flavors, fragrances, and other consumer goods, as well as its use as a building block in the synthesis of various organic compounds, is driving the growth of the diethyl oxalate market.

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

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Market Segmentation:

The diethyl oxalate market can be segmented based on application and geography.

Based on application, the market can be segmented into flavors and fragrances, pharmaceuticals, and others. The flavors and fragrances segment is expected to hold a significant share of the market due to the increasing demand for these products.

Geographically, the market can be segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to hold a significant share of the market due to the increasing demand for diethyl oxalate from the pharmaceutical and flavor & fragrance industries in the region.

In conclusion, the diethyl oxalate market is expected to grow significantly in the coming years due to its widespread use in the production of various industrial and consumer goods. The increasing demand for flavors, fragrances, and other consumer goods, as well as its use as a building block in the synthesis of various organic compounds, is driving the growth of the diethyl oxalate market.

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Key Takeaways from Market Study

• The global market for diethyl oxalate is estimated to reach a value of US$ 165,685.8 Th by the end of 2032.
• The liquid segment is estimated to witness a CAGR of 4.8 during the assessment period of 2022-2032.
• Dyestuffs are estimated to remain a key application of diethyl oxalate, and the segment is expected to witness a growth rate of 5.7% over the forecast period.
• North America is anticipated to create an incremental dollar opportunity of US$ 10,700.1 Th during the forecast period.
• By end-use industry, the plastics & polymers segment is anticipated to witness a CAGR of 5% over the decade.

"Key market participants are investing a fair share of their revenue in research & development to investigate new applications of diethyl oxalate, as the market is still in its early developmental stage," says a Persistence Market Research analyst.

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About PMR - Chemicals and Materials

The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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