Research Nester published a report titled “Monomethyl Acetoacetamide Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global monomethyl acetoacetamide market in terms of market segmentation by content type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global monomethyl acetoacetamide market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into dyes & pigments, pesticides, food colorant, textile processing, and others. Out of these, the pesticides segment is anticipated to hold a substantial market share over the forecast period, on the back of the growing consumption of pesticides in the agriculture industry, along with other agrochemicals. For instance, it was noted that more than 4 million metric tons of pesticides were used for agriculture across the world in 2019.
The global monomethyl acetoacetamide market is estimated to witness growth on the back of varied applications of the substance, including pesticide, textile dyes, hair dyes, and others. Monomethyl acetoacetamide is a pale yellow substance, with slightly toxic properties. The chemical formula of monomethyl acetoacetamide is C5H9NO2. Moreover, the growing adoption of agrochemicals in the agriculture industry, in order to boost production, is estimated to boost the market growth.
On the basis of geographical analysis, the global monomethyl acetoacetamide market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to attain a noteworthy growth over the forecast period owing to the high usage of pesticides, backed by the presence of a significant agriculture sector in the region. As per the data by the Food Agriculture Organization (FAO), the Asia region accounted for more than 50% of the pesticide consumption globally, in 2018.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for Pesticides in Agriculture Sector to boost the Market Growth
Monomethyl acetoacetamide is extensively used as an agrochemical, owing to its high nitrogen content. As a result, the growing consumption of agrochemicals, especially, pesticides, across the globe, is estimated to boost the market growth. Moreover, the mildly toxic nature of monomethyl acetoacetamide is further expected to boost the market growth.
However, stringent government regulations on production of toxic substances is expected to operate as key restraint to the growth of global monomethyl acetoacetamide market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global monomethyl acetoacetamide market which includes company profiling of SCR-Sibelco NV, Imerys S.A., Minerals Technologies Inc., Omya AG, Carmeuse, Arihant Min chem, Nordkalk Corporation, Longcliffe Quarries Ltd, Shanghai Hy-Sailing Chemical Tech. Co., Ltd. and Lhoist Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global monomethyl acetoacetamide market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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