Home > Polymers, Specialty Chemicals & Advanced Materials > Global Divinylbenzene Market
Divinylbenzene market size exceeded USD 55 Million, in 2019 and is estimated to grow at over 5.9% CAGR between 2020 and 2026. Significant expansion of automotive sector and increasing urban population should contribute towards the market growth of divinylbenzene.
The increasing health issues of individuals along with increasing research and development activities in the healthcare industry are propelling the demand for process and preparative chromatography systems. Additionally, increasing high-end research activities in the field of drug discovery, proteomics and for the conversion of basic research to clinical research owing to emergence of novel diseases like coronavirus. This has led to increase research activities in these fields make use of chromatography techniques. Thereby, increase in research activities is fuelling the use of chromatography resin and attribute towards the divinylbenzene market growth.
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Further, rise in demand for ion exchange resin due to increasing demand for wastewater technology along with favourable government regulations to reduce pollution has shown positive impact for the growth of divinylbenzene market. In addition to these, prominent players are focusing on are strengthening their production capacity of divinylbenzene by various practices, such as by increasing agility in manufacturing facilities.
|Market Size in 2019:||57.98 (USD) Million|
|Forecast Period:||2020 to 2026|
|Historical Data for:||2015 to 2019|
|No. of Pages:||260|
|Tables, Charts & Figures:||379|
|Segments covered:||Type, Application|
|Pitfalls & Challenges:|
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DVB 63 grade type is anticipated to gain traction with CAGR over 6 % by the end of 2026. As, DVB 63 has excellent ability of dual bond functionality to cross-link vinyl polymeric systems with least amount of material. It also helps to improve chemical and physical properties of polymers. Additionally, increasing its usage for manufacturing unsaturated polyester resins, ABS resins, ion exchange resins, polystyrene resins and modified styrene-butadiene rubber. This has shown positive impact on the growth of divinylbenzene market by DVB 63 grade type.
Divinylbenzene improves the high temperature strength of adhesives used to bond aluminium to aluminium, deliver excellent adhesive properties combined with improved temperature and weather resistance for automotive sealants. Moreover, divinylbenzene used in photocurable protective coatings for wood, metal, glass, and plastic materials is one of the significant reasons which supports the divinylbenzene market growth across the globe.
For instance, the plastic industry is the eighth largest industry in the U.S., accounting for USD 450 billion worth total plastics industry shipments in 2018. Moreover, the growing demand for plastic and elastomers in the major end use industries such as construction & manufacturing, consumer goods, automotive, medical, food and consumer electronics should further promulgate the global divinylbenzene market share.
Further, Divinylbenzene market is projected grow from other segments by 5% by the end of 2026 owing to increasing healthcare, pharmaceutical, catalyst, healthcare and other sector. Industry players are continuously investing research and development in order to monitor its product offering and strengthen its market position.
In the past few months, healthcare application has brought lucrative opportunity for the market to grow in the coming short-term period. As, it enhances micro-carrier beads physical properties which is used to create functionalized copolymer for drug screening tools. This has led to increase the demand for divinylbenzene and supports the market growth.
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Global divinylbenzene market from adhesive and coating is likely to grow over USD 5 million by the end of 2026 due to increasing demand for convenience food, and aesthetic packaging products. Packaging manufacturers are increasingly adopting sustainable materials with growing regulatory measures to reduce the use of single-use plastics and rising environmental awareness among consumers.
Moreover, consumers are focusing on the packaging of their products, the materials used to produce the packaging, and whether it is disposed-off in an environmentally responsible & safe manner. Consumers exhibit growing preference for packaging produced from sustainable materials, which can be recycled or reused and less packaging altogether.
Growing consumer aversion to single-use plastics has resulted in paper & board packaging being positioned as a practical and sustainable alternative. Adhesives play an essential role in packaging solutions by providing a reliable seal, minimizing costs and help maintain optimal temperature in case of perishable products such as food and beverages. Adhesives perform various functions in packaging products such as labelling, sealing and forming of bags, cartons and boxes. The excellent cross-linking properties of divinylbenzene allow its use as a raw material for adhesive production which should augment the divinylbenzene market revenue.
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Global divinylbenzene market from ion exchange resin application is likely to surpass USD 65 million by the end of 2026 owing to increasing usage for purification of foods, and potable water. The increasing application of ion exchange in the purification and softening of water in various end use industries is one of the significant reasons which supports market growth.
The steadily growing demand for water treatment chemical along with the significant increase in the volume of waste that is generated from the manufacturing industry is anticipated to fuel the market growth of ion exchange resins and simultaneously attribute towards the growth of divinylbenzene market. Moreover, growing demand for ion exchange resins from energy & power generation and wastewater treatment process industries is further projected to propel the market growth of divinylbenzene across the globe.
Global divinylbenzene industry is consolidated and key players include Shandong Bluestar Dongda Co., Ltd, Jiangsu Evergreen New Material Technology Co., Ltd., Jiangsu Andeli New Material Technology Co., Ltd., Nippon Steel Chemical & Material Co., Ltd, Dupont, Sigma Aldrich, TCI Chemicals, Alfa Aesar, ABCR GmbH, Clearsynth, Deltech Corporation LLC, Jiangsu Danhua, Angene International Limited, Alfa Chemistry, AA Blocks, BroadPharm, 3B Scientific (Wuhan) Corporation Ltd., ChemTik, King Scientific, Sinfoo Biotech, Aaron Chemicals, Haihang Group and others.
Moreover, other small manufacturers are also showing keen interest in the market owing to its wide array of application in many of the end use industry such as biopharma, food & beverage industry. In addition to these, manufacturers are also engaged in several activities to strengthen its position in the market.
In 2018, Alfa Aesar has bound to the principles of sustainable and development in order to strive for outstanding carbon neutrality and resource efficiency. The company is leveraging its PPI Business System and Environmental, Health and Safety (EHS) Management System, and continually look for ways to improve its processes, protect the environment and reduce waste.
Divinylbenzene market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Thousand Units) and revenue in USD from 2015 to 2026 for the following segments:
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