Future Market Insights
Global Diethyl Sulfate Market: Introduction
Diethyl Sulfate is a corrosive, colorless and oily liquid with a feeble peppermint odor. Diethyl sulfate is an important intermediate chemical to make products for coatings, pharmaceuticals, personal care products, detergents and textiles. Diethyl sulfate is mostly used as ethylating agent for organic synthesis & also as an accelerator in the sulfation of ethylene. Diethyl Sulfate is a highly toxic compound, exposure to ethyl sulfate results in irritation to the skin, eyes and respiratory track. Although limited information is available on the acute (short term), chronic (long-term), reproductive or developmental effect of diethyl sulfate in human. International Agency for Research on Cancer (IARC) has classified diethyl sulfate as Group 2A material, possibly carcinogenic to humans based on satisfactory evidence in animals. Diethyl sulfate is estimated to have steady growth over the coming years owing to increasing is demand from its end use industries. Moreover, as an industrial intermediate diethyl sulfate is considered as a high production volume chemical hence, the diethyl sulfate market is deeply dependent on the dynamics of end use industries for its growth.
Global Diethyl Sulfate Market: Market Dynamics
Diethyl Sulfate Market is expected to have a significant growth over the forecast period owing to the blooming of end use industries, such as personal care industry, coatings, textile and pharmaceutical industries, which are primarily driven due to rapid urbanization along with increase in population and living standards of people across the globe. Diethyl sulfate is mainly used as a chemical intermediate in the dye and textile manufacturing. With the steady increase in demand for intermediate chemicals from this industries to meet the increase in production is expected to propel the growth of diethyl sulfate market. Moreover, increasing concern among the population about health and hygiene in the scenario of increasing environmental pollution in accelerating the personal care industry which in turn is expected to boost the growth diethyl sulfate market. Moreover, non-availability of alternative chemicals or substitutes is another factor which is expected to have positive impact on the growth of diethyl sulfate market.
However, owing to toxic nature of diethyl sulfate, it is subjected various rules and regulation incorporated by local governments and international agencies regarding manufacturing, exposure, handling and disposal of diethyl sulfate. This factor might hamper the growth of diethyl sulfate market along with restraining the emergence of new players in the market. Although, low potential for bioaccumulation and bio-concentration along with ecofriendly property like readily biodegradable nature, diethyl sulfate possess no threat to the ecosystem, but a large spills can be slightly toxic to aquatic organization.
Global Diethyl Sulfate Market: Segmentation
Diethyl sulfate Market segmentation on the basis of manufacturing process:
Diethyl sulfate market segmentation on the bases of end use industry:
Global Diethyl Sulfate Market: Regional Outlook
Asia Pacific is estimated to dominate the global diethyl sulfate market followed by North America. Increasing industrialization in emerging economies in Asia Pacific like India and China is expected to propel the growth of diethyl sulfate market. Moreover, owing to strong foothold of pharmaceutical and textile industries in Asia Pacific, Diethyl Sulfate Market is expected to expand with a significant rate in the coming years. Europe is expected to have steady growth during the assessment period primarily driven by the growth coatings and adhesives sector. Increase in concern about personal care in the Europe is expected to be another key factor driving the growth of diethyl sulfate market.
Global Diethyl Sulfate Market: Key Players
Examples of some of the key players identified in the global diethyl sulfate market are as follows:
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