North America 2,5-Dimethyl-2,4-Hexadiene Market Technology Enhancements and Demand Analysis at USD 63.5 Thousand by 2026

Author : Ronak Bora | Published Date : 2021-09-07 

North America 2,5-dimethyl-2,4-hexadiene market is projected to observe remarkable growth by recording an appreciable valuation of over USD 63.5 thousand by 2026. Growing agricultural production and considerable expansion of pharmaceutical sector in North America have increased the demand for chemical compounds like 2,5-dimethyl-2,4-hexadiene that act as key constituents in the products manufactured by these industries. With the elevating product demand in the region.

Recently the North America 2,5-dimethyl-2,4-hexadiene market has recorded substantial growth driven by increased research activities pertaining to the novel coronavirus. As mentioned before, rising agricultural production stands as a major factor driving the demand for 2,5-dimethyl-2,4-hexadiene. Increasing focus on improving the yield due to the expanding population in the region is fueling the need for insecticides and pesticides. 2,5-dimethyl-2,4-hexadiene, in this regard, is playing a key role in the production of efficient and less toxic pesticides pyrethroids. The adoption of modern farming practices in conjunction with government initiatives is favoring the business expansion further. 

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An overview of some of the major trends that are positively influencing the industry landscape is outlined as under:

Growing adoption for producing insecticides

North America 2,5-dimethyl-2,4-hexadiene market finds important application in the production of Insecticides which is significantly increasing its adoption in the agriculture sector. Rising demand for insecticides along with the growing need to increase crop production output is fueling the product adoption further. Reportedly, insecticides application segment had accounted for a market share of over 56% in 2019. Growing production of cotton, soybeans and corn in the U.S. is further supporting the segmental growth.

Important application in lung cancer diagnosis

Potential application of 2,5-Dimethyl-2,4-hexadiene as a biomarker for the diagnosis of lung cancer is driving its adoption to a great extent. Growing prevalence of lung cancer in North America is further fostering the product demand in the region. According to the National Cancer Institute statistics, in 2019, around 16.9 million cancer survivors were recorded in the U.S. and the number is expected to reach 22.2 million by 2030. Currently, about 541,000 residents in the country are suffering from lung cancer.

Heightened demand for manufacturing 9-chloroanthracene

Important usage of North America 2,5-dimethyl-2,4-hexadiene market for producing 9-chloroanthracene which serves as a key intermediate for various pharmaceutical preparations. Pharmaceutical sector in the North America is highly organized and is dominated by the U.S. This is driving the drug development and consumption in the region leading to increased demand production of 9-chloroanthracene. Its consumption is further supported by the hefty investments made by various market players in research initiatives for the development of new anticancer agents. These factors are in turn is strongly influencing the market outlook.

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Business expansion initiatives by key players

Some of the North America 2,5-dimethyl-2,4-hexadiene market major industry participants including Tokyo Chemical Industry Co., Ltd., Merk Group, Santa Cruz Biotechnology, Inc., Alfa Aesar and Matrix Scientific are focusing on strategies like mergers, acquisitions, expansion of production capacity, etc. to strengthen their market position. For instance, in 2020, Merk Group announced its plans to increase the production capacities of its life science business in the U.S. with an investment of about USD 48.7 million. Such initiatives are enhancing the business space by opening new growth opportunities.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research Methodology

1.2    Market estimation & forecast parameters

1.3    List of Data sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    North America 2,5-Dimethyl-2,4-Hexadiene market snapshot

Chapter 3   North America

3.1    Industry coverage

3.2    Industry size and forecast, 2016 – 2026

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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