Diisopropyl Naphthalene Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1511
Global Diisopropyl Naphthalene Market size is expected to register a moderate CAGR during the forecast period. Diisopropyl naphthalene is a chemical used in pesticides as an additive to inhibit potato sprouting during its storage. It is a liquid having yellowish brown color and faint sweet odor. Other names of the product are 2,6-Diisopropyl Naphthalene and Naphthalene,2,6-bis(1-methylethyl).
Potatoes are an integral component of packaged and non-packaged food items in the food & beverage industry. The increasing demand for potatoes in food industry will eventually propel the global diisopropyl naphthalene market share by 2024. In addition, countries are increasingly accepting the western style of food habits and storage, which indicates bright opportunities for food & beverage industry in countries of the Middle East, Africa and Asia Pacific region, which in turn, shall drive the global diisopropyl naphthalene market size in the coming years.
The product has been used in pesticides, which have wide application array in agriculture industry. Huge investments flowing in the agricultural sector of emerging economies is likely to have a positive influence of the diisopropyl naphthalene market size by 2024. However, excessive use of the product in food & beverage industry may led to adverse health effects such as nausea and vomiting. This may hinder the product demand, thereby hampering the diisopropyl naphthalene market size over the forecast timespan. Moreover, exposure of the product to eyes may cause irritation and explosive reactions take place if it comes in contact with aromatic compounds.
In 2016, major application of the diisopropyl naphthalene market share was pesticides used in potato warehousing. When sprouts begin growing on the potatoes, the starch present gets converted into sugar which makes potato inedible. This results in darkening when potatoes are fried, which is highly unacceptable in food processing industries. Moreover, eating sprouted potatoes may lead to potato poisoning and result into ailments such as vomiting, diarrhea and stomach-ache. If spout control is not done properly, it leads to significant reduction in tuber quality and its ability to store for extended timespan. Thus, sprout inhibition is of utter importance in managing potato storage and quality.
Asia pacific is likely to lead global diisopropyl naphthalene market in terms of demand and production. This can be attributed to the increasing consumption of potatoes in India and China. Growing consumerism has been the major factor driving the regional diisopropyl naphthalene market size in the recent years. In addition, robust growth indicators in the food & beverage industry, mainly in China and India, on account of improving customer spending pattern and lifestyle dynamics will subsequently boost the diisopropyl naphthalene market size in Asia Pacific by 2024.
Europe is likely to constitute major share in the diisopropyl naphthalene market share owing to the vigorous and mass production of potatoes in France, the UK and Germany. North America was also a major diisopropyl naphthalene market share contributor in 2016. The regional industry size is mainly attributed to massive customer base for package food such as French fries and wafers.
The major players in the diisopropyl naphthalene market share are A&J Pharmtech Company Limited, Bide Pharmatech Limited, Finetech Industry Limited, Industrial Ventilation Inc., BOC Sciences, Biosynth, Angene Chemical Limited, Ark Pharm Inc., Glentham Lifesciences Limited and Tokyo Chemical Industry.
Industrial Ventilation Inc. offers sprout inhibitors which are applied on potatoes by thermal fogging system. The company uses the patented sprout inhibition technology, which is efficient in preventing growth of harmful sprouts.
The market share contributors are transferring their manufacturing facilities to emerging countries in Latin America and Asia Pacific owing to the easy availability of cost competitive land and labor with conducive government policies and subsidies in these regions. Moreover, diisopropyl naphthalene market players have been adopting aggressive marketing techniques coupled with mergers & acquisitions for gaining a larger chunk in the industry share. For instance, in order to expand geographically, these companies are increasing their product exports to Middle East & Africa.
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