Diisopropylbenzene Market Size 2020- Trends Industry Including Its Size, Spread, Scope, And Unique Characteristics
Market Insights
Growth of it as an intermediate in stabilizers
is one of the major driver for Diisopropylbenzene
Market across the globe. In
addition to this, growing demand of diisopropylbenzene market as an
intermediate in polymers, synthetic lubricants and hydroperoxides are expected
to drive the market. The global market for diisopropylbenzene is majorly
attributed towards use of it as a stabilizers and synthetic lubricants in
industry.
Key Players
·
Sigma-Aldrich Co.LLC
·
Matrix Scientific.Inc.
·
Rhein Chemie Corporation
·
Mitsui Chemicals Inc.
·
Eastman Chemical Company
·
CHMA Chemical Technology (Shanghai) Co.
·
Santa Cruz Biotechnology Inc
·
Arkema Group
·
Hangzhou Yuhao Chemical Technology Co.Ltd.
·
TCI (Shanghai) Development Co.Ltd.
Competitive Analysis
This report analyses the intensity of competition
between the players in the industry as well as industry growth and diisopropylbenzene
consumption market
scenario. Globally diisopropylbenzene market is at a growing stage which
represents positive growth in terms of market volume and overall market value.
Over the past few years, Diisopropylbenzene
Market Trends has witnessed rising demand from industries as an intermediate to polymers,
synthetic lubricants and hydroperoxides in industry. However, the competition between the players
is still less, due to limited number of players across the world. However,
across the world, market for diisopropylbenzene is fragmented in nature and it
is moving towards expansion, distribution agreement and acquisition strategies.
Segmental Analysis
Global Diisopropylbenzene Market is
segmented by isomers, applications, and region. On the basis of applications
the diisopropylbenzene market is divided by o-diisopropylbenzene,
m-diisopropylbenzene, and p-diisopropylbenzene. M-diisopropylbenzene with CAS
number 99-62-7, is used in the synthesis of benzene-1, 3, 5-triphosphonic acid.
M-Diisopropylbenzene can be separated from p-diisopropyl-benzene by azeotropic
distillation when the azeotrope forming agent is selected from certain ketones,
alcohols, esters, ethers, nitrogeneous compounds, for instance, acetophenone,
o-isopropyl-phenol, methyl benzoate, dipropylene glycol dimethyl ether, and
2-nitrotoluene. p-diisopropylbenzene or 1,4-Diisopropylbenzene with CAS number
100-18-5, 1,4-diisopropylbenzene is one of the components of crude petroleum.
1,4-Diisopropylbenzene is a chemical intermediate for the preparation of
stabilizers, polymers, synthetic lubricants, hydroperoxides, and a variety of
other products.
On the basis of applications the
diisopropylbenzene market is divided by stabilizers, polymers, synthetic
lubricants, hydroperoxides, and others. Diisopropylbenzene hydroperoxides which
is also known as 3,5-Diisopropylbenzene Hydroperoxide, Isopropylcumyl
Hydroperoxide, Bis(1-Methylethyl)Phenyl-Hydroperoxide, has CAS number
26762-93-6, and represent by the molecular formula as C12H18O2, is used to make
hydroquinone and resorcinol, as an initiator for cold SBR polymerization, and
as a curing agent for polyester resins.
Threat of New Entrants
Considering the
past and present global diisopropylbenzene market scenario,
the target market is estimated to have very low threat of entrants who is new
to the market, due capital intensive nature of the industry. But, in the coming
years, the demand for diisopropylbenzene may be expected to
grow as an intermediate to stabilizers, polymers, synthetic lubricants,
hydroperoxides, among others segments due to a wide variety of these
applications in end use industry. As a result of this, in near future it is
expected that new entrants might be come into the diisopropylbenzene market owing to the growing demand from the industry.
Threat of
Substitute
The threat of
substitutes to the global diisopropylbenzene market is
anticipated to be very low in as per the present market condition. As there are
few replacements are available in the market for diisopropylbenzene which can serves the purpose of diisopropylbenzene in various industries. However, some companies are involved in the
constant innovation of diisopropylbenzene and
high-performance substitutes for its use in the industry. Thus, over time, and
with the ongoing research, the substitutes for diisopropylbenzene may be expected to emerge in the market.
Diisopropylbenzene Market - Regional Analysis
By geology, Asia Pacific accounted for the largest
value and volume market share in the diisopropylbenzene market across the globe
and expected to dominate during the forecast period due to rising demand of it
in an intermediate to polymers, synthetic lubricants and
hydroperoxides segments. China being largest exporter, manufacturer and
consumer of diisopropylbenzene. India is the second largest consumer in Asia
Pacific region. India is followed by Japan, Malaysia, Indonesia, Australia and
South Korea among others.
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