Press release
Dimethyl Oxalate Market is expected to surpass revenues worth US$ 165.68 Mn by 2032
Dimethyl Oxalate Market
The global diethyl oxalate market was valued at US$ 98,861.7 Th in 2021. global market for diethyl oxalate is estimated to reach a value of US$ 165.68 Mn 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.
Diethyl oxalate is an organic compound with colorless characteristics. It is the dimethyl ester of oxalic acid. Diethyl oxalate is used to make active pharmaceutical ingredients (API), polymers, and intermediates for dyestuffs. It is also used as a solvent to make esters, resins, fragrances, and electronic lacquers.
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Dyestuffs and solvents are expected to remain key application fields for diethyl oxalate owing to the substantial production of pigments & dyes across the globe. Also, the growing demand for generic and OTC drugs is expected to propel the demand for diethyl oxalate owing to increased consumption of these pharmaceutical drugs in daily lifestyle.
Increasing population has resulted in higher demand for food, which is expected to bolster demand for agrochemicals for higher yield, thereby augmenting diethyl oxalate demand in the near future.
Key Companies-
• 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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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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Key Questions Answered in Diethyl Oxalate Market Report -
What revenue does the global diethyl oxalate market account for?
What is the main factor driving demand for diethyl oxalate?
What is the expected consumption outlook of diethyl oxalate through 2032?
How is the U.S. diethyl oxalate market shaping up?
What is the outlook for the market in Japan and S. Korea?
Which countries are key producers of diethyl oxalate?
Which companies are key manufacturers of diethyl oxalate?
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