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Global Divinylbenzene Market Analysis

  • Report ID: GMI4882
  • Published Date: Dec 2020
  • Report Format: PDF

Divinylbenzene Market Analysis

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.

 

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.  
 

Divinylbenzene Market from Ion Exchange

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.
 

Divinylbenzene Market by Region

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for divinylbenzene was valued at over USD 55 million in 2019 and could expand at more than 5.9% CAGR up to 2026 with consistent growth of the automotive sector and urbanization.

The industry share from DVB 63 grade type is anticipated to register around 6% CAGR between 2020-2026 as the compound enhances the physical and chemical properties of polymers.

The market share from adhesive and coating application segment is projected to reach over USD 5 million by 2026 with increasing demand for sustainable packaging.

The market for divinylbenzene in APAC is expected to surpass USD 20 million by 2026 owing to the increased government spending on public infrastructure across countries like China and India.

Divinylbenzene Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 22
  • Tables & Figures: 379
  • Countries covered: 19
  • Pages: 260
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