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North American 2,5-Dimethyl-2,4-Hexadiene Market size to hit $63.5 thousand by 2026
Published Date: 2021-03-19
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North American 2,5-Dimethyl-2,4-Hexadiene Market size is anticipated to cross USD 63.5 thousand by 2026 according to a latest forecast report by Graphical Research. The positive outlook in the medical application segment and increasing consumption of pesticides are expected to drive the product demand.
The increasing agricultural production is driving the demand for 2,5-dimethyl-2,4-hexadiene for crop protection. The rising focus on improved yield majorly pertaining to the expanding population in the region is fueling the need for inesticides. 2,5-dimethyl-2,4-hexadiene is a key constituent in the manufacturing of efficient and low toxic pesticides pyrethroids. The development in the agricultural sector and the use of modern farming practices coupled with government initiatives will create a positive outlook for market expansion within the agricultural sector. For instance, Organisation for Economic Co-operation and Development states that the United States offered agricultural support of around USD 48 billion to farmers in 2019.
Furthermore, 2,5-dimethyl-2,4-hexadiene is also a vital ingredient in pharmaceutical applications and is widely used in the manufacturing of 9-chloroanchracene. The compound is produced by the reaction of 9,10-dichloroanthracene in the presence of 2,4-hexadiene, 2,5-dimethyl in acetonitrile and is a key application segment of 2,5-dimethyl-2,4-hexadiene. 9-chloroanchracene is a demanded compound for biochemical research projects and the rising use of the compound will fuel the consumption of 2,5-dimethyl-2,4-hexadiene.
Browse detailed statistical insights from the report, “North America 2,5-Dimethyl-2,4-Hexadiene Market Size By Application (Production of 9-chloroanthracene, Insecticides, Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
The product is also used as a potential biomarker for the discovery of lung cancer. Cancer is a life-threatening disease; therefore, biomarker testing plays a crucial role in the early detection of the disease, offering a substantial amount of time to provide a unique set of a cure for every patient. Lung cancer is one of the most common types of cancers and large number of the population succumb to it every year. For instance, in 208, approximately 154,050 people in the United States died owing to lung cancer. The rising number of patients suffering from cancer and the strong potential of the product as a biomarker is certain to create lucrative opportunities for market growth.
Moreover, the increased number of research activities owing to the crisis caused by novel coronavirus resulted in the increased revenue of the North American 2,5-Dimethyl-2,4-Hexadiene market. However, the disrupted supply chain and severely hit agricultural sector witnessed a drop in the crop yield leading, which is expected to hamper the product growth in this segment. The reduced amount of meat consumption and alleviated consumer buying power are some of the factors that significantly contributed to the downfall of the agricultural industry.
Major manufacturers are also involved in strategic developments, such as production capacity expansion, mergers, and acquisitions to reinforce their foothold in the industry. Additionally, market participants are exploring more developed and advanced methods for production of 2,5-dimethyl-2,4-hexadiene, thereby, investing in research & development activities. These inclinations are likely to boost product consumption.
Key producers of 2,5-Dimethyl-2,4-Hexadiene in North America include Tokyo Chemical Industry Co., Ltd. (TCI), Sigma-Aldrich Co., Santa Cruz Biotechnology, Inc., BeanTown Chemical, Alfa Aesar, Matrix Scientific, and Toronto Research Chemicals.
The North American 2,5-Dimethyl-2,4-Hexadiene market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
North America Market, By Application
- Production of 9-chloroanthracene
The above information has been provided for the following countries:
- North America