the market of Diethyl oxalate (C6H10O4) from 2019 to 2027

Diethyl oxalate (C6H10O4) is also referred as oxalic acid diethyl ester, ethanedioic acid, diethyl ethanedioate, and others. It is a white solid compound synthesized from carbon monoxide and ethanol. It is slightly denser than water and is insoluble in water. Diethyl oxalate is available in the powder and liquid forms. It is a colorless, toxic compound with a characteristic odor. It has significant applications in various end-user industries such as pharmaceuticals, agriculture, and cosmetics. The compound is majorly utilized as a raw material or intermediate in the manufacturing of phenobarbital and numerous dyes; it is also used as a solvent for natural and synthetic resins as well as in nitrocellulose lacquers and various chemical synthesis processes. Further, it is used as a chemical intermediate in the synthesis of active pharmaceutical ingredients. Diethyl oxalate is also used as a cost-effective additive based in the dye-sensitized solar cells.

Diethyl oxalate is used in the production of agrochemicals such as pesticides, fungicides, and herbicides. The developments in agricultural practices have led to a rise in agrochemicals production, and this has fueled the expansion of diethyl oxalate market. The explosive growth of population growth that leads to greater demands for food, increasing technological advancement in the agricultural industry, limited availability of arable land, and advances in plant breeding and management expertise are the factors leading to the elevated use of agrochemicals.

the market was valued at US$ 521.23 million in 2019 and is projected to reach US$ 891.93 million by 2027; it is expected to grow at a CAGR of 7.0% from 2019 to 2027.

Post time: Jan-26-2021
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