Diethylaniline MarketSize and Trends

The global diethylaniline market size is projected to observe potential growth, and register significant CAGR over the forecast period (2019 - 2027).

Market Dynamics

Increasing demand for herbicides, as well as technological advancements in the plastic processing industry are expected to drive growth of the global Diethylaniline market over the forecast period. In case of the pesticides sector, demand for insecticides in particular has accounted for the major market share. Although, environmental issues such as pollution, pest control management have caused the demand to shift from pesticides to herbicides in the past few years. As a result, demand for intermediary chemicals such as Diethylaniline is projected to witness growing demand. Moreover, its non-carcinogenic properties make it an ideal substance for manufacturing of herbicides as well as in pest control programs. The Diethylaniline market is expected to generate major revenue in the plastic manufacturing industry with its increasing application in the process of plastic formation such as reaction injection molding. Diethylaniline has been found to facilitate flexibility and prevent corrosion in the plastic formation process. However, researchers have found Diethylaniline to be genotoxic and increase risk of 'sister chromatid exchange'. This may restrain growth of the global Diethylaniline market over the forecast period.

Market Outlook

Asia Pacific is expected to be the fastest growing market for Diethylaniline, owing to increasing consumption of the compound and manufacturing activities in the region. Countries such as China, India, and Japan are engaged in extensive production of herbicides such as butachlor and alachlor that are used to inhibit growth of weeds in soybean farms. Also, there is a growing trend of chemical weeding in the region, and it is expected to expand in the future, which in turn is likely to benefit demand for Diethylaniline in the Asia Pacific market. Also, increasing expansion of the plastic industry in the region is projected to result in the overall growth of the regional Diethylaniline market. Technological advancement and collaboration strategies by players in China and India is estimated to result in potential gains for the market. Growth of the Diethylaniline market in Europe and North America is expected to be sluggish owing to strict regulations by environmental agencies in the regions.