Ethyl Cyanoacetate Market
Ethyl Cyanoacetate Market Forecasts to 2030 - Global Analysis By Grade (Pharmaceutical Grade and Industrial Grade), Function (Chemical Intermediates, Polymerization Agents and Catalysts), Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $145.9 MN |
|
Projected Year Value (2030) |
US $202.3 MN |
|
CAGR (2024-2030) |
5.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Ethyl Cyanoacetate Market is accounted for $145.9 million in 2024 and is expected to reach $202.3 million by 2030 growing at a CAGR of 5.6% during the forecast period. Ethyl cyanoacetate is a versatile organic compound with the formula C5H7NO2, characterized by a cyano group (-CN) and an ester group (-COOEt). It is a colorless yellow liquid with a fruity, edible odor, playing an important role as an intermediate in the production of biological products. Ethyl cyanoacetate plays an important role in pharmaceuticals, agricultural chemicals, and synthetics and is valued for its activity in condensation and polymerization reactions.
According to production data between 1975-1989, US industrial consumption of cyanoacrylate adhesives increased 500%.
Market Dynamics:
Driver:
Growing demand in pharmaceuticals
The increasing use of ethyl cyanoacetate as a key intermediate in pharmaceutical synthesis drives market growth. It plays a crucial role in developing drugs like anti-cancer, anti-inflammatory, and antiviral agents. The rising prevalence of chronic diseases and the growing pharmaceutical industry, especially in emerging economies, are boosting demand. Additionally, advancements in chemical synthesis technologies enhance production efficiency, making ethyl cyanoacetate indispensable for pharmaceutical applications.
Restraint:
Fluctuating raw material prices
Fluctuating raw material prices pose a significant challenge to the ethyl cyanoacetate market. Variability in the cost of essential inputs like ethanol and cyanoacetic acid impacts production costs, creating pricing uncertainties for manufacturers. This volatility affects profit margins and discourages long-term investments. Moreover, competition from alternative chemicals further intensifies pricing pressures, limiting market expansion despite growing demand.
Opportunity:
Growth in personalized medicine
The rise of personalized medicine offers significant opportunities for the ethyl cyanoacetate market. As pharmaceutical companies focus on developing tailored treatments, the demand for specialized intermediates like ethyl cyanoacetate is increasing. Its versatility in synthesizing complex organic compounds makes it vital for producing niche drugs. This trend aligns with advancements in biotechnology and precision medicine, creating lucrative growth prospects for manufacturers.
Threat:
Health and safety risks
Health and safety risks associated with ethyl cyanoacetate usage present a notable threat to market growth. Its toxic nature requires stringent handling and storage protocols to prevent exposure-related hazards. Regulatory compliance with environmental and occupational safety standards adds to operational complexities. Failure to address these risks can result in legal penalties, reputational damage, and loss of customer trust.
Covid-19 Impact:
The COVID-19 pandemic disrupted global supply chains, temporarily slowing ethyl cyanoacetate production. However, the increased focus on pharmaceutical manufacturing during the pandemic boosted its demand as a key intermediate for drug synthesis. Post-pandemic recovery efforts in healthcare and agriculture are expected to sustain long-term growth for the market.
The pharmaceutical & healthcare segment is expected to be the largest during the forecast period
The pharmaceutical & healthcare segment is expected to account for the largest market share during the forecast period due to its extensive use of ethyl cyanoacetate in drug synthesis. Its role as a versatile intermediate makes it indispensable for producing a wide range of pharmaceuticals, including anti-cancer and antiviral drugs. The growing global demand for innovative treatments further drives adoption in this segment.
The industrial grade segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the industrial grade segment is expected to witness the highest CAGR due to its increasing application in agrochemicals, adhesives, and specialty chemicals. Industrial-grade ethyl cyanoacetate offers cost-effective solutions for large-scale production processes. The rising need for high-performance materials across industries boosts demand for this grade, driving its rapid growth.
Region with largest share:
The Asia Pacific region is anticipated to account for the largest market share during the forecast period due to its robust industrial infrastructure and expanding pharmaceutical and agrochemical sectors. Countries like China and India lead production and consumption due to their cost-efficient manufacturing capabilities and high demand for specialty chemicals. The region's dynamic economic growth further supports market expansion.
Region with highest CAGR:
The North America region is anticipated to register the highest growth rate over the forecast period owing to its strong R&D investments and technological advancements in pharmaceuticals and agrochemicals. The region's focus on sustainable farming practices and high-quality drug production drives demand for ethyl cyanoacetate as a critical intermediate. Favorable regulatory frameworks further enhance growth prospects.
Key players in the market
Some of the key players in Ethyl Cyanoacetate Market include Merck KGaA, Shandong Xinhua Pharmaceutical Co., Ltd., Tiande Chemical Holdings Limited, Tokyo Chemical Industry Co., Ltd., HeBei ChengXin, TATEYAMA KASEI Co., Ltd., Triveni Chemicals, EMCO Dyestuff Pvt Ltd, Loba Chemie Pvt. Ltd., Sisco Research Laboratories Pvt. Ltd., CDH Fine Chemical, VIVAN Life Sciences, Alfa Chemistry, BOC Sciences, Luxembourg Bio Technologies, Frinton Laboratories, US Biological Life Sciences and VWR International.
Key Developments:
In December 2024, Merck, a leading science and technology company announced that it will invest over €70 million to construct a new Advanced Materials Development Center (AMDC) at its Shizuoka site in Japan. This latest investment brings Merck's total investment in the Shizuoka site to over €120 million since 2021, enhancing its existing capabilities in advanced patterning and underscoring the company's dedication to advancing semiconductor technology, expanding research and development capacities, and supporting the growth of the global electronics industry.
In December 2023, BOC Sciences and Spaya have joined forces to expand their chemical offerings, enhancing product diversity and manufacturing capabilities. By joining forces, the two companies create a powerful synergy that exponentially augments the scope and diversity of chemical products available to scientists.
Grades Covered:
• Pharmaceutical Grade
• Industrial Grade
Functions Covered:
• Chemical Intermediates
• Polymerization Agents
• Catalysts
Applications Covered:
• Pharmaceutical & Healthcare
• Chemical Industry
• Industrial Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ethyl Cyanoacetate Market, By Grade
5.1 Introduction
5.2 Pharmaceutical Grade
5.3 Industrial Grade
6 Global Ethyl Cyanoacetate Market, By Function
6.1 Introduction
6.2 Chemical Intermediates
6.2.1 Synthesis Intermediates
6.2.2 Reaction Precursors
6.3 Polymerization Agents
6.3.1 Chain Initiators
6.3.2 Cross-linking Agents
6.4 Catalysts
6.4.1 Reaction Catalysts
6.4.2 Process Accelerators
7 Global Ethyl Cyanoacetate Market, By Application
7.1 Introduction
7.2 Pharmaceutical & Healthcare
7.2.1 Active Pharmaceutical Ingredients
7.2.2 Drug Intermediates
7.3 Chemical Industry
7.3.1 Agrochemicals
7.3.2 Specialty Chemicals
7.3.3 Fine Chemicals
7.4 Industrial Applications
7.4.1 Textiles & Dyes
7.4.1.1 Fabric Treatment
7.4.1.2 Dye Manufacturing
7.4.2 Adhesives & Sealants
7.4.2.1 Industrial Adhesives
7.4.2.2 Construction Sealants
7.4.3 Cosmetics & Personal Care
7.4.3.1 Fragrance Compounds
7.4.3.2 Beauty Products
8 Global Ethyl Cyanoacetate Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Merck KGaA
10.2 Shandong Xinhua Pharmaceutical Co., Ltd.
10.3 Tiande Chemical Holdings Limited
10.4 Tokyo Chemical Industry Co., Ltd.
10.5 HeBei ChengXin
10.6 TATEYAMA KASEI Co., Ltd.
10.7 Triveni Chemicals
10.8 EMCO Dyestuff Pvt Ltd
10.9 Loba Chemie Pvt. Ltd.
10.10 Sisco Research Laboratories Pvt. Ltd.
10.11 CDH Fine Chemical
10.12 VIVAN Life Sciences
10.13 Alfa Chemistry
10.14 BOC Sciences
10.15 Luxembourg Bio Technologies
10.16 Frinton Laboratories
10.17 US Biological Life Sciences
10.18 VWR International
List of Tables
1 Global Ethyl Cyanoacetate Market Outlook, By Region (2022-2030) ($MN)
2 Global Ethyl Cyanoacetate Market Outlook, By Grade (2022-2030) ($MN)
3 Global Ethyl Cyanoacetate Market Outlook, By Pharmaceutical Grade (2022-2030) ($MN)
4 Global Ethyl Cyanoacetate Market Outlook, By Industrial Grade (2022-2030) ($MN)
5 Global Ethyl Cyanoacetate Market Outlook, By Function (2022-2030) ($MN)
6 Global Ethyl Cyanoacetate Market Outlook, By Chemical Intermediates (2022-2030) ($MN)
7 Global Ethyl Cyanoacetate Market Outlook, By Synthesis Intermediates (2022-2030) ($MN)
8 Global Ethyl Cyanoacetate Market Outlook, By Reaction Precursors (2022-2030) ($MN)
9 Global Ethyl Cyanoacetate Market Outlook, By Polymerization Agents (2022-2030) ($MN)
10 Global Ethyl Cyanoacetate Market Outlook, By Chain Initiators (2022-2030) ($MN)
11 Global Ethyl Cyanoacetate Market Outlook, By Cross-linking Agents (2022-2030) ($MN)
12 Global Ethyl Cyanoacetate Market Outlook, By Catalysts (2022-2030) ($MN)
13 Global Ethyl Cyanoacetate Market Outlook, By Reaction Catalysts (2022-2030) ($MN)
14 Global Ethyl Cyanoacetate Market Outlook, By Process Accelerators (2022-2030) ($MN)
15 Global Ethyl Cyanoacetate Market Outlook, By Application (2022-2030) ($MN)
16 Global Ethyl Cyanoacetate Market Outlook, By Pharmaceutical & Healthcare (2022-2030) ($MN)
17 Global Ethyl Cyanoacetate Market Outlook, By Active Pharmaceutical Ingredients (2022-2030) ($MN)
18 Global Ethyl Cyanoacetate Market Outlook, By Drug Intermediates (2022-2030) ($MN)
19 Global Ethyl Cyanoacetate Market Outlook, By Chemical Industry (2022-2030) ($MN)
20 Global Ethyl Cyanoacetate Market Outlook, By Agrochemicals (2022-2030) ($MN)
21 Global Ethyl Cyanoacetate Market Outlook, By Specialty Chemicals (2022-2030) ($MN)
22 Global Ethyl Cyanoacetate Market Outlook, By Fine Chemicals (2022-2030) ($MN)
23 Global Ethyl Cyanoacetate Market Outlook, By Industrial Applications (2022-2030) ($MN)
24 Global Ethyl Cyanoacetate Market Outlook, By Textiles & Dyes (2022-2030) ($MN)
25 Global Ethyl Cyanoacetate Market Outlook, By Adhesives & Sealants (2022-2030) ($MN)
26 Global Ethyl Cyanoacetate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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