2,5-Dimethyl-2,4-Hexadiene Market Size & Share | North America, Europe, & APAC Industry Forecasts 2026: Graphical Research

Major 2,5-dimethyl-2,4-hexadiene market players include Santa Cruz Biotechnology, Sigma-Aldrich Co., Tokyo Chemical Industry Co., Manus Aktteva Biopharma LLP, Toronto Research Chemical, Alfa Aesar, Manchester Organics Ltd., and Vesino Industrial Co., Ltd.

Pune, India, April 14, 2021 (GLOBE NEWSWIRE) --

The global 2,5-dimethyl-2,4-hexadiene market size is projected to witness significant growth during the forecast period as the demand for domestic hygiene products surges on account of the COVID-19 pandemic. This is because the compound is used as a key intermediate in synthesizing esters of chrysanthemic acids.

Not only the pharmaceuticals sector but the agricultural industry has also been a major end-user in terms of utilization, thanks to the soaring demand for crop protection solutions worldwide. As the concerns regarding the use of toxic and potentially detrimental ingredients in the agricultural sector have been increasing, the use of safer alternatives such as 2,5-dimethyl-2,4-hexadiene is expected to rise by 2026.

The seven factors responsible for the expansion of the global 2,5-dimethyl-2,4-hexadiene industry outlook are discussed below:

Focus toward catering to the food requirements of a massive population in Asia

The growing government focus toward the provision of adequate amounts of crop yield for the massive population in the region has been generating significant demand for this compound across the agricultural sector. 2,5-dimethyl-2,4-hexadiene can significantly boost agricultural production, as it is utilized in the formulation of productive pesticides and insecticides.

It ensures that the crop yield is qualitatively and quantitatively better. The limited availability of arable land renders it indispensable to rely on effective insecticides and pesticides. This is driving the Asia Pacific 2,5-dimethyl-2,4-hexadiene market outlook.

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Growing deployment across Indian pharmaceutical industry

The Indian market is expected to represent a crucial chunk of the overall APAC 2,5-dimethyl-2,4-hexadiene market share through 2026, promoted by the high-paced development of the pharmaceutical sector. In the past decade, the country witnessed an increasing number of new drug launches by several pharmaceutical companies, who have been undertaking research activities.

They require 2,5-dimethyl-2,4-hexadiene in their research laboratories, primarily in the synthesis of 9-chloroanthracene. This ingredient is extensively leveraged in pharmaceutical reactions.

High incidence of cancer in Asian countries

The prevalence of lung cancer, prostate cancer, breast cancer, skin cancer, and colon cancer has been rising rapidly throughout the Asian countries. The Asia Pacific 2,5-dimethyl-2,4-hexadiene industry is expanding owing to the growing consumption of tobacco and alcohol, alongside the lack of physical activity, which is responsible for the high incidence of this fatal disease across low and lower-middle-income countries such as India.

With the role of high-quality diagnosis and treatment in increasing survival rates gaining prominence, the Asia Pacific industry is benefiting from the increased deployment of the compound as a biomarker.

According to the World Cancer Research Fund, Australia has been registering the highest number of cancer cases in the recent times. Nearly 468 people out of every 100,000 Australian men and women are being detected with the cancer in the nation. Being the second leading cause of death globally, cancer accounts for a high number of deaths annually across the region.

Spiraling demand for agrochemicals in European economies

The European economies have been striving to cater to the need for agrochemicals including insecticides with high efficacy and low toxicity. As per the statistics of the European Environmental Agency (EEA), more than 37,209,060 tons of insecticides and acaricides were sold in European markets in 2016. With Spain leading the region in terms of consumption of pesticides, Europe 2,5-dimethyl-2,4-hexadiene market is certain to register a commendable growth.

As per the data of the EEA, Spain, Italy, Poland, Germany, and France together accounted for more than 71% of the total industry in Europe. The growing demand for agrochemicals can be credited to the rising density of population in the region. On the other hand, the trending adoption of organic farming might hamper the progress of the market. However, the emergence of sustainable agriculture technologies such as precision farming will ensure continuous expansion of the market.

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Rising use in pharmaceutical applications in North America

The pharmaceutical industry has been displaying significant interest in 2,5-dimethyl-2,4-hexadiene, owing to its importance as a crucial ingredient across various applications. Particularly, the manufacturing process of 9-chloroanchracene requires 2,5-dimethyl-2,4-hexadiene. Since 9-chloroanchracene is witnessing a considerable uptick in demand from the biopharmaceutical industry, the requirement for the compound is expected to soar through the coming years.

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Growing number of research activities in North America

The growing number of research activities, fostered by the need for effective drugs especially amidst the COVID-19 pandemic, has been accelerating the market forecast. It’s potential as a biomarker in the discovery of lung cancer is a prominent driver of the industry. Therefore, the North America 2,5-dimethyl-2,4-hexadiene market share will reach a substantial amount in terms of revenue as the number of research initiatives increases.

Expansion of production units in the U.S. to facilitate higher revenue inflow

Numerous 2,5-dimethyl-2,4-hexadiene manufacturers based in the United States have been undertaking expansion initiatives to cater to the expanded demand in the North America 2,5-dimethyl-2,4-hexadiene industry. For example, during December 2020, Merk Group revealed its intention to extend the production capacity of its life sciences segment located in the U.S., investing more than $48.7 million toward the move. The expansion is to facilitate over 6,000 square meters of additional space across the Danvers unit.

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