Global Acetoacetanilide Market to Reach USD 7.13 Billion by 2031 | CAGR of 5.3%
Category : Materials And Chemicals | Published Date : Oct 2024 | Type : Press Release
Acetoacetanilide Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, Acetoacetanilide Market size was valued at USD 4.70 Billion in 2023 and is projected to reach USD 7.13 Billion by 2031, growing at a CAGR of 5.3% from 2024 to 2031. Acetoacetanilide is an organic compound primarily used as an intermediate in the production of organic pigments, dyes, and agrochemicals. Its versatility across various industrial applications, including pharmaceuticals, textiles, plastics, and coatings, is attributed to its stabilizing properties and ability to enhance color fastness and quality.
The report comprises the Acetoacetanilide Market Share, Size & Industry Analysis, By Type (Dry Powder, Wet Solid, and Others), By Application (Agrochemicals, Pigments & Dyes, Polymer Additives, and Others), By End-User Industry (Agriculture, Paints & Coatings, Plastics & Polymers, Pharmaceuticals, Textiles, and Others), and Forecast, 2024-2031.
The report contains detailed information on Acetoacetanilide Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising demand for organic pigments and dyes in sectors such as paints, coatings, and textiles is a significant driver of the acetoacetanilide market. Additionally, increased usage in the agrochemical sector for the production of herbicides and pesticides presents lucrative opportunities for market expansion.
Segmental Analysis :
Based on type, the market is segmented into dry powder, wet solid, and others.
- Dry powder accounted for the largest revenue share in 2023, making up 60.58% of the market. It is preferred for its high stability, ease of handling, and compatibility with various industrial formulations, especially in pigments and agrochemical production.
- Wet solid is projected to grow at the fastest rate due to its increasing adoption in specialized coatings and polymer additives, where solubility enhances manufacturing processes.
Based on application, the market is segmented into agrochemicals, pigments & dyes, polymer additives, and others.
- Pigments & dyes dominated the market in 2023, driven by the growing demand for high-performance pigments, particularly in industries such as automotive coatings, printing inks, and textiles.
- Polymer additives are expected to grow at the highest CAGR, fueled by the increasing use of engineered plastics and polymers in sectors like automotive, aerospace, and electronics.
Based on end-user industry, the market is segmented into agriculture, paints & coatings, plastics & polymers, pharmaceuticals, textiles, and others.
- Paints & coatings held the largest market share in 2023, with significant demand for acetoacetanilide as an intermediate in pigments and stabilizers that improve the durability and gloss retention of coatings.
- The plastics & polymers segment is anticipated to grow rapidly due to the rising need for high-performance materials in industries such as automotive and consumer electronics.
Based on regions, the global market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
- Asia Pacific led the market in 2023, driven by the extensive chemical and agrochemical sectors in countries like China and India. The region is projected to witness continued growth, supported by increasing demand in agriculture, textiles, and chemical industries.
- North America is expected to register significant growth, primarily due to the demand from the agrochemical and coating industries.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 7.13 Billion |
| CAGR (2024-2031) | 5.3% |
| By Type | Dry Powder, Wet Solid, Others |
| By Application | Agrochemicals, Pigments & Dyes, Polymer Additives, Others |
| By End-User Industry | Agriculture, Paints & Coatings, Plastics & Polymers, Pharmaceuticals, Textiles, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Acetoacetanilide Industry:
- Eastman Chemical Company
- Lonza Group
- Shree Ram Chemicals
- Laxmi Organic Industries Ltd.
- Hangzhou Dayangchem Co. Ltd.
- Vineet Chemicals Pvt. Ltd.
- Wacker Chemie AG
- CABB Group
- Tokyo Chemical Industry Co., Ltd.
- Nantong Acetic Acid Chemical Co., Ltd.
