Diethyl Oxalate Market Overview and Growth by 2027

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.

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Diethyl Oxalate Market: Strategic Insights

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.

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.

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.

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.

The regional trends and factors influencing the Diethyl Oxalate Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Diethyl Oxalate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Diethyl Oxalate Market Report Scope

Diethyl Oxalate Market Players Density: Understanding Its Impact on Business Dynamics

The Diethyl Oxalate Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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