Global Diisopropylbenzene Market Information- by isomers (o-Diisopropylbenzene, m-Diisopropylbenzene, and p-Diisopropylbenzene), by Application (Stabilizers, Polymers, Synthetic Lubricants, Hydroperoxides, and Others), and by Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 05/15/2018 -- Diisopropylbenzene Market – Overview
Diisopropylbenzene Market across the world has seen a positive growth over the past five years and the global market is expected to gain healthy growth rate during the forecast year. 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 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. Diisopropylbenzene is easily soluble in acetone, alcohol, ether, and benzene, however it is insoluble in water. Asia Pacific by region offers huge opportunity for Diisopropylbenzene Market as a result of this most of the manufacturers in Europe & North America region are expected to increase their capacity in Asia Pacific Region.
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. Regionally, North America is the second largest consumer of Diisopropylbenzene which is followed by Europe. Based on the consumption size by country, U.S. is the second largest consumer of Diisopropylbenzene after China. Germany is the third largest country which is accounted top most country market share in European region.
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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 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.
The distribution channel for Diisopropylbenzene Market comprises of e-commerce, retailers, wholesalers and distributors. The Diisopropylbenzene distributors are the companies which are in long-term agreement for sale with the manufacturing companies and also engages with end users and consumers in long term agreement. In addition to this, Diisopropylbenzene sale as a products through e-commerce channels is the new trend in the market; manufacturers are using third party online platforms to sell their products.
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.
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.
Recent trend of increase in consumer power, industrilization, sustainability, consolidation and a growing middle-class population has positively impacted the Global Diisopropylbenzene Market. This growing consumer power along with rising demand of plastics and the stabilizers market is expected to drive the Diisopropylbenzene Market
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