Published by Wanda Rich
Posted on September 29, 2021
The dibenzyl toluene market is currently valued at more than US$ 54 Mn and is projected to grow at a CAGR of 3.4% over the forecast period (2020-2030). Dibenzyl toluene is one of the key components for maintaining proper temperatures in closed equipment and systems. Moreover, demand for dibenzyl toluene for its application as dielectric and heat transfer fluid in South Asia & Oceania and East Asia is increasing on a significant pace, owing to rise in chemical, petrochemical, and pharmaceutical production in these regions.
The emergence of dibenzyl toluene as a new class of liquid organic hydrogen carrier compounds (LOHC) is set to provide impetus to the market in long-run. In addition, the compound is industrially manufactured and used in closed systems, which minimizes exposure potential and release to the environment.
For detailed insights on enhancing your product footprint, request a sample here-
https://www.factmr.com/connectus/sample?flag=S&rep_id=4843
“Increased focus on the use of LOHC in hydrogen-driven transportation systems and subsequent rise in need for heat transfer oil to store and transport hydrogen has been a growth lever of the dibenzyl toluene market,” says the Fact.MR analyst.
Speak to Research Analyst
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4843
Fact.MR has studied the dibenzyl toluene market with detailed segmentation on the basis of grade, application, end-use industry and key regions.
Grade
Application
End-use Industry
Region
Full Access of This Report Is Available At
https://www.factmr.com/checkout/4843
The dibenzyl toluene market is highly consolidated with key players such as Arkema and Eastman Chemicals accounting for relatively high revenue share than other players. Penetration of the new entrants is highly unlikely, owing to periodical demand for dibenzyl toluene across end-use industries and presence of better substitutes over DBT. Merger & acquisition remain key focus areas of the top players to continue to maintain a strategic position in the market. For instance, in April 2019, Eastman acquired Marlotherm heat transfer fluids manufacturing assets from Sasol to expand its product offerings.
The COVID-19 pandemic has affected the global economy in several ways. Demand for various products across several industrial verticals has fallen, directly impacting production. Supply chains have been disrupted, causing a gap in the demand-supply equation. A significant market crunch is anticipated for the oil& gas and chemical industries, attributed to shortfalls in the macroeconomic factors such as buying power, demand contraction, and others. As demand is set to gain pace with the resumption of operations in chemical and oil & gas industries, the dibenzyl toluene market is anticipated to rebound post two quarters of market reopening.
Explore Fact.MR’s Comprehensive Coverage on Chemical & Materials Landscape
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About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
The post Dibenzyl Toluene Market – Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecast appeared first on The Cloud Tribune.
The dibenzyl toluene market is currently valued at more than US$ 54 Mn and is projected to grow at a CAGR of 3.4% over the forecast period (2020-2030). Dibenzyl toluene is one of the key components for maintaining proper temperatures in closed equipment and systems. Moreover, demand for dibenzyl toluene for its application as dielectric and heat transfer fluid in South Asia & Oceania and East Asia is increasing on a significant pace, owing to rise in chemical, petrochemical, and pharmaceutical production in these regions.
The emergence of dibenzyl toluene as a new class of liquid organic hydrogen carrier compounds (LOHC) is set to provide impetus to the market in long-run. In addition, the compound is industrially manufactured and used in closed systems, which minimizes exposure potential and release to the environment.
For detailed insights on enhancing your product footprint, request a sample here-
https://www.factmr.com/connectus/sample?flag=S&rep_id=4843
“Increased focus on the use of LOHC in hydrogen-driven transportation systems and subsequent rise in need for heat transfer oil to store and transport hydrogen has been a growth lever of the dibenzyl toluene market,” says the Fact.MR analyst.
Speak to Research Analyst
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4843
Fact.MR has studied the dibenzyl toluene market with detailed segmentation on the basis of grade, application, end-use industry and key regions.
Grade
Application
End-use Industry
Region
Full Access of This Report Is Available At
https://www.factmr.com/checkout/4843
The dibenzyl toluene market is highly consolidated with key players such as Arkema and Eastman Chemicals accounting for relatively high revenue share than other players. Penetration of the new entrants is highly unlikely, owing to periodical demand for dibenzyl toluene across end-use industries and presence of better substitutes over DBT. Merger & acquisition remain key focus areas of the top players to continue to maintain a strategic position in the market. For instance, in April 2019, Eastman acquired Marlotherm heat transfer fluids manufacturing assets from Sasol to expand its product offerings.
The COVID-19 pandemic has affected the global economy in several ways. Demand for various products across several industrial verticals has fallen, directly impacting production. Supply chains have been disrupted, causing a gap in the demand-supply equation. A significant market crunch is anticipated for the oil& gas and chemical industries, attributed to shortfalls in the macroeconomic factors such as buying power, demand contraction, and others. As demand is set to gain pace with the resumption of operations in chemical and oil & gas industries, the dibenzyl toluene market is anticipated to rebound post two quarters of market reopening.
Explore Fact.MR’s Comprehensive Coverage on Chemical & Materials Landscape
Liquid Polybutadiene Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031
Alkylate Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031
Polyurethane Dispersion Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2021 to 2031
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
The post Dibenzyl Toluene Market – Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecast appeared first on The Cloud Tribune.
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