에틸 시아노아세테이트 시장 예측(-2030년) : 등급, 기능, 용도, 지역별 세계 분석

According to Stratistics MRC, the Global Ethyl Cyanoacetate Market is accounted for $145.9 million in 2024 and is expected to reach $202.3 million by 2030 growing at a CAGR of 5.6% during the forecast period. Ethyl cyanoacetate is a versatile organic compound with the formula C5H7NO2, characterized by a cyano group (-CN) and an ester group (-COOEt). It is a colorless yellow liquid with a fruity, edible odor, playing an important role as an intermediate in the production of biological products. Ethyl cyanoacetate plays an important role in pharmaceuticals, agricultural chemicals, and synthetics and is valued for its activity in condensation and polymerization reactions.

According to production data between 1975-1989, US industrial consumption of cyanoacrylate adhesives increased 500%.

Market Dynamics:

Driver:

Growing demand in pharmaceuticals

The increasing use of ethyl cyanoacetate as a key intermediate in pharmaceutical synthesis drives market growth. It plays a crucial role in developing drugs like anti-cancer, anti-inflammatory, and antiviral agents. The rising prevalence of chronic diseases and the growing pharmaceutical industry, especially in emerging economies, are boosting demand. Additionally, advancements in chemical synthesis technologies enhance production efficiency, making ethyl cyanoacetate indispensable for pharmaceutical applications.

Restraint:

Fluctuating raw material prices

Fluctuating raw material prices pose a significant challenge to the ethyl cyanoacetate market. Variability in the cost of essential inputs like ethanol and cyanoacetic acid impacts production costs, creating pricing uncertainties for manufacturers. This volatility affects profit margins and discourages long-term investments. Moreover, competition from alternative chemicals further intensifies pricing pressures, limiting market expansion despite growing demand.

Opportunity:

Growth in personalized medicine

The rise of personalized medicine offers significant opportunities for the ethyl cyanoacetate market. As pharmaceutical companies focus on developing tailored treatments, the demand for specialized intermediates like ethyl cyanoacetate is increasing. Its versatility in synthesizing complex organic compounds makes it vital for producing niche drugs. This trend aligns with advancements in biotechnology and precision medicine, creating lucrative growth prospects for manufacturers.

Threat:

Health and safety risks

Health and safety risks associated with ethyl cyanoacetate usage present a notable threat to market growth. Its toxic nature requires stringent handling and storage protocols to prevent exposure-related hazards. Regulatory compliance with environmental and occupational safety standards adds to operational complexities. Failure to address these risks can result in legal penalties, reputational damage, and loss of customer trust.

Covid-19 Impact:

The COVID-19 pandemic disrupted global supply chains, temporarily slowing ethyl cyanoacetate production. However, the increased focus on pharmaceutical manufacturing during the pandemic boosted its demand as a key intermediate for drug synthesis. Post-pandemic recovery efforts in healthcare and agriculture are expected to sustain long-term growth for the market.

The pharmaceutical & healthcare segment is expected to be the largest during the forecast period

The pharmaceutical & healthcare segment is expected to account for the largest market share during the forecast period due to its extensive use of ethyl cyanoacetate in drug synthesis. Its role as a versatile intermediate makes it indispensable for producing a wide range of pharmaceuticals, including anti-cancer and antiviral drugs. The growing global demand for innovative treatments further drives adoption in this segment.

The industrial grade segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the industrial grade segment is expected to witness the highest CAGR due to its increasing application in agrochemicals, adhesives, and specialty chemicals. Industrial-grade ethyl cyanoacetate offers cost-effective solutions for large-scale production processes. The rising need for high-performance materials across industries boosts demand for this grade, driving its rapid growth.

Region with largest share:

The Asia Pacific region is anticipated to account for the largest market share during the forecast period due to its robust industrial infrastructure and expanding pharmaceutical and agrochemical sectors. Countries like China and India lead production and consumption due to their cost-efficient manufacturing capabilities and high demand for specialty chemicals. The region's dynamic economic growth further supports market expansion.

Region with highest CAGR:

The North America region is anticipated to register the highest growth rate over the forecast period owing to its strong R&D investments and technological advancements in pharmaceuticals and agrochemicals. The region's focus on sustainable farming practices and high-quality drug production drives demand for ethyl cyanoacetate as a critical intermediate. Favorable regulatory frameworks further enhance growth prospects.

Key players in the market

Some of the key players in Ethyl Cyanoacetate Market include Merck KGaA, Shandong Xinhua Pharmaceutical Co., Ltd., Tiande Chemical Holdings Limited, Tokyo Chemical Industry Co., Ltd., HeBei ChengXin, TATEYAMA KASEI Co., Ltd., Triveni Chemicals, EMCO Dyestuff Pvt Ltd, Loba Chemie Pvt. Ltd., Sisco Research Laboratories Pvt. Ltd., CDH Fine Chemical, VIVAN Life Sciences, Alfa Chemistry, BOC Sciences, Luxembourg Bio Technologies, Frinton Laboratories, US Biological Life Sciences and VWR International.

Key Developments:

In December 2024, Merck, a leading science and technology company announced that it will invest over €70 million to construct a new Advanced Materials Development Center (AMDC) at its Shizuoka site in Japan. This latest investment brings Merck's total investment in the Shizuoka site to over €120 million since 2021, enhancing its existing capabilities in advanced patterning and underscoring the company's dedication to advancing semiconductor technology, expanding research and development capacities, and supporting the growth of the global electronics industry.

In December 2023, BOC Sciences and Spaya have joined forces to expand their chemical offerings, enhancing product diversity and manufacturing capabilities. By joining forces, the two companies create a powerful synergy that exponentially augments the scope and diversity of chemical products available to scientists.

Grades Covered:

• Pharmaceutical Grade
• Industrial Grade

Functions Covered:

• Chemical Intermediates
• Polymerization Agents
• Catalysts

Applications Covered:

• Pharmaceutical & Healthcare
• Chemical Industry
• Industrial Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Ethyl Cyanoacetate Market, By Grade

• 5.1 Introduction
• 5.2 Pharmaceutical Grade
• 5.3 Industrial Grade

6 Global Ethyl Cyanoacetate Market, By Function

• 6.1 Introduction
• 6.2 Chemical Intermediates
  • 6.2.1 Synthesis Intermediates
  • 6.2.2 Reaction Precursors
• 6.3 Polymerization Agents
  • 6.3.1 Chain Initiators
  • 6.3.2 Cross-linking Agents
• 6.4 Catalysts
  • 6.4.1 Reaction Catalysts
  • 6.4.2 Process Accelerators

7 Global Ethyl Cyanoacetate Market, By Application

• 7.1 Introduction
• 7.2 Pharmaceutical & Healthcare
  • 7.2.1 Active Pharmaceutical Ingredients
  • 7.2.2 Drug Intermediates
• 7.3 Chemical Industry
  • 7.3.1 Agrochemicals
  • 7.3.2 Specialty Chemicals
  • 7.3.3 Fine Chemicals
• 7.4 Industrial Applications
  • 7.4.1 Textiles & Dyes
    • 7.4.1.1 Fabric Treatment
    • 7.4.1.2 Dye Manufacturing
  • 7.4.2 Adhesives & Sealants
    • 7.4.2.1 Industrial Adhesives
    • 7.4.2.2 Construction Sealants
  • 7.4.3 Cosmetics & Personal Care
    • 7.4.3.1 Fragrance Compounds
    • 7.4.3.2 Beauty Products

8 Global Ethyl Cyanoacetate Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Merck KGaA
• 10.2 Shandong Xinhua Pharmaceutical Co., Ltd.
• 10.3 Tiande Chemical Holdings Limited
• 10.4 Tokyo Chemical Industry Co., Ltd.
• 10.5 HeBei ChengXin
• 10.6 TATEYAMA KASEI Co., Ltd.
• 10.7 Triveni Chemicals
• 10.8 EMCO Dyestuff Pvt Ltd
• 10.9 Loba Chemie Pvt. Ltd.
• 10.10 Sisco Research Laboratories Pvt. Ltd.
• 10.11 CDH Fine Chemical
• 10.12 VIVAN Life Sciences
• 10.13 Alfa Chemistry
• 10.14 BOC Sciences
• 10.15 Luxembourg Bio Technologies
• 10.16 Frinton Laboratories
• 10.17 US Biological Life Sciences
• 10.18 VWR International