$4550
$3640
The diethyl oxalate market accounted for US$ 521.23 million in 2019 and is projected to reach US$ 891.93 million by 2027; it is expected to grow at a CAGR of 7.0% from 2020 to 2027.
Diethyl oxalate is known as a white solid compound synthesized from ethanol & carbon monoxide compounds, also having molecular formulae C6H10O4. Diethyl Oxalate is utilized as an intermediate or raw material for several manufacturing processes. Diethyl oxalate is further referred to as ethanedioic acid and oxalic acid diethyl ester. Diethyl oxalate is available in powder as well as in liquid form. The compound is majorly employed as a raw material or intermediate in the production of phenobarbital and numerous dyes. It is further used as a solvent for natural & synthetic resins also in nitrocellulose lacquers and various chemical synthesis processes. Further, it is utilized as a chemical intermediate in the synthesis of active pharmaceutical ingredients. Diethyl oxalate can also be used as a cost-effective additive mainly based on the dye-sensitized solar cells.
The studied market in the North America region is expected to grow at the highest CAGR of 7.8% during the forecast period. The growth of the studied market in this region is mainly attributed to the huge and easy availability of raw materials required to produce diethyl oxalate, along with the presence of prominent global market players. In North America, diethyl oxalate is heavily used in the preparation of active pharmaceutical ingredients. It is the term used to refer to the biologically active component of a drug product. They are the vital compounds used in the manufacture of pharmaceutical drug products. North America is known as one of the leading markets for active pharmaceutical ingredients and is anticipated to continue its stronghold for a few more years. Rising government initiatives in the healthcare sector, innovation in biologics, and a rise in the incidence of cancer and age-related diseases amplify the growth of active pharmaceutical ingredients in North America. The demand for active pharmaceutical ingredients in the region is estimated to increase in the future, attributed to the rising incidences of disease and the rising geriatric population.
Impact of COVID-19 on Diethyl Oxalate Market
As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the chemicals and materials industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the stevia market. However, as the economies are planning to revive their operations, the demand for diethyl oxalate is presumed to rise from the end-use industries. In addition, chemicals and materials-producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery persons & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
Global Diethyl Oxalate Market
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Market Insights
Utilization of Diethyl Oxalate in the Agrochemical Industry
Diethyl oxalate is utilized in the production of agrochemicals such as pesticides, fungicides, also herbicides. The growth of agricultural practices has led to the increase in agrochemicals production, and this fueled the expansion of the diethyl oxalate market. The explosive population growth demanding more food supply, increasing technological advancement in the agricultural industry, advances in plant breeding, limited availability of arable land, and management expertise across the world lead to increased use of agrochemicals. The rising adoption of intensive farming techniques to increase productivity per hectare is propelling the demand for pesticide manufacturing. Intensive farming techniques help to meet the growing demand for food from the rising population and prevent food shortages. The surge in the usage of fungicides, which are used to kill fungus spores and to improve the quality of crops, is also positively affecting the market expansion. Therefore, to supplying food to the growing population, farmers have to adopt various agrochemicals to increase production. This rise in the adoption of agrochemicals will leads to its tremendous production, subsequently augmenting the growth of the diethyl oxalate market.
Form Insights
Based on form, the global diethyl oxalate market is segmented into liquid and powder. The liquid segment accounted for a larger share in the global diethyl oxalate market in 2019, and the powder segment is expected to register the fastest CAGR during the forecast period. Diethyl oxalate is utilized to prepare active pharmaceutical ingredients (API), plastics also dyestuff intermediates. It is also employed as a solvent for cellulose esters, resins, perfumes, ethers, and lacquers for electronics. Liquid diethyl oxalate is highly used in preparing phenobarbital, triethylamine, ethyl benzyl malonate, similar chemicals, and plastics.
Global Diethyl Oxalate Market, by Form– 2019 and 2027
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Application Insights
The diethyl oxalate market, based on application, is segmented into perfumes and fragrances, manufacturing of dyestuffs, pharmaceutical intermediates, plasticizers, and others. The manufacturing of dyestuffs segment accounted for the largest share of the global diethyl oxalate market in 2019, and the pharmaceutical intermediate segment is expected to register the highest CAGR during the forecast period. Dyestuffs are known as inorganic or organic, water-soluble substances which reflect light. A dye is utilized as a coloring agent that changes the color of materials permanently. Dyestuffs are predominately employed for coloring fabrics. A few of the end-user industries that broadly use dyestuff are textile, leather, also paper. Moreover, in the chemicals industry, dyestuffs also play a vital role in maintaining chemical uniformity.
End-User Insights
The diethyl oxalate market, based on end user, is segmented into pharmaceuticals, agricultural, chemical plastics and polymers, cosmetics, and others. The chemical plastics and polymers segment accounted for the largest share in the global diethyl oxalate market in 2019, and the pharmaceuticals segment is expected to register the highest CAGR during the forecast period. These are utilized for the manufacturing of consumer products and others, such as coatings, lubricants, building materials, etc. Polymers & plastics are being employed as an alternative to traditional mineral or metal-based products due to their cost-effectiveness high performance also low weight. New approaches for producing chemical plastics and polymers have also been utilized with diols including 1,3-propanediol, 1,6-hexanediol or 1,4-butanediol, and ethylene glycol in combination with diethyl oxalate or dimethyl oxalate. Hence, increasing demand for producing plastics and polymers has created profitable opportunities for the diethyl oxalate market.
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Diethyl Oxalate Market: Strategic Insights
Market Size Value in US$ 521.23 Million in 2019 Market Size Value by US$ 891.93 Million by 2027 Growth rate CAGR of 7.0% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Diethyl Oxalate Market: Strategic Insights
| Market Size Value in | US$ 521.23 Million in 2019 |
| Market Size Value by | US$ 891.93 Million by 2027 |
| Growth rate | CAGR of 7.0% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Mergers and acquisitions, and research and development are the commonly adopted strategies by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the diethyl oxalate market have been implementing the abovementioned strategies to expand their customer base and gain significant share in the global market, which also enables them to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the global diethyl oxalate market to help players develop effective long-term strategies
- Business growth strategies adopted by companies in developed and developing markets
- Quantitative analysis of the global diethyl oxalate market from 2017 to 2027
- Estimation of global diethyl oxalate demand generated by various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the diethyl oxalate ecosystem
- Recent developments to understand the competitive market scenario and global diethyl oxalate demand
- Market trends and outlook, coupled with factors driving and restraining the growth of the global diethyl oxalate market
- Insights to help in decision-making process by understanding strategies which underpin commercial interest with regard to the diethyl oxalate market growth globally
- Global diethyl oxalate market size at various nodes of the market
- Detailed overview and segmentation of the global diethyl oxalate market, as well as the diethyl oxalate industry dynamics
- Global diethyl oxalate market size in various regions with promising growth opportunities
Diethyl Oxalate Market – By Application
- Perfume and Fragrances
- Manufacturing of Dyestuff's
- Pharmaceutical Intermediate
- Plasticizers
- Others
Diethyl Oxalate Market – By Form
- Liquid
- Powder
Diethyl Oxalate Market – By End User
- Pharmaceuticals
- Agricultural
- Chemical Plastics and Polymer
- Cosmetics
- Others
Company Profiles
- BorsodChem MCHZ, s.r.o.
- Nanjing Chengyi Chemical Co., Ltd
- Indian Oxalate Ltd.
- Chemamde
- Merck KGaA
- Mudanjiang Hongli Chemicals
- Tokyo Chemical Industry
- Ube Industries
- Vertullus Holdings
- Zibo Xusheng Chemical Co., Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application , End Use Industry , and Form
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global diethyl oxalate market are BorsodChem MCHZ, s.r.o., Nanjing Chengyi Chemical Co., Ltd, Indian Oxalate Ltd., Chemamde, Merck KGaA, Mudanjiang Hongli Chemicals, Tokyo Chemical Industry, Ube Industries, Vertullus Holdings, and Zibo Xusheng Chemical Co., Ltd among others.
In 2019, the diethyl oxalate market was predominant in Asia Pacific at the global level. The APAC encompasses an ample amount of opportunities for the growth of diethyl oxalate. The region has surfaced as one of the prominent markets for utilizing diethyl oxalates due to countries such as China, Japan, Australia, and New Zealand. Attribute to the rapid industrialization, high economic growth rate, and rising diethyl oxalate-based application in the Asia Pacific countries, the market for diethyl oxalate is projected to expand in the region.
Dyestuff is inorganic or organic and water-soluble substances that reflect light to show color. A dye is used as a coloring agent, which, when applied to materials, helps them change the color permanently. Dyestuffs are predominately used for coloring fabrics. Some of the other end-use industries that extensively uses dyestuff are textile, leather, and paper. The demand for dyestuff is anticipated to rise during the forecast period as it offers better aesthetics to its textile product. This amplified use of dyes in the apparel industry is anticipated to bolster the market growth of diethyl oxalate over the forecast period.
The List of Companies - Diethyl Oxalate Market
- BorsodChem MCHZ, s.r.o.
- Nanjing Chengyi Chemical Co., Ltd
- Indian Oxalate Ltd.
- Chemamde
- Merck KGaA
- Mudanjiang Hongli Chemicals
- Tokyo Chemical Industry
- Ube Industries
- Vertullus Holdings
- Zibo Xusheng Chemical Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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