Global Divinylbenzene Market size worth over US$ 85 million by 2026
Published Date: December 28, 2020 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights, Inc. the Divinylbenzene Market size is set to surpass USD 85 Million by 2026. Rising advancement is in pharmaceutical industry is one of the significant reasons which supports the growth of the market.
As, it is used to manufacture cholestyramine resin which is very commonly used as a a drug to increase lipoprotein catabolism. Cholestyramine is a no absorbed bile acid sequestrant that is used a therapy of hyperlipidemia and for the pruritus of chronic liver disease and biliary obstruction. DVB is a solvent for many rubber-based and synthetic rubber products owing to its excellent cross-linking agent properties. Also, increasing R&D funding in the countries like the U.S., China and India will provide potential opportunities for the divinylbenzene market growth and anticipated remain significant over the forecast period.
Divinylbenzene from plastics & elastomers is projected to surpass by USD 2.5 million by the end of 2026 owing to increase in the sale of automotive equipment and other rubber-based or synthetic products. Furthermore, elastomers offer wide array of performance attributes which includes tear resistance, surface appearance, low permeability and improved adhesion has triggered the market growth and anticipated to remain significant over the forecast period.
Divinylbenzene has wider acceptance in the plastics & elastomers as it contains high molecular weight, and narrow molecular weight distributions. Thus, it has excellent capacity for large elastic deformation under an applied stress.
Divinylbenzene is a solvent for various rubber- based and synthetic products, owing to its excellent cross liking agent properties. Additionally, increasing demand for synthetic products such as tire, non- tire automotive, and footwear industries is one of the major reasons which supports the market growth. In addition to these, synthetic rubber offers an extraordinary feature to tires such as control, safety, grip, and comfort puncture resistance, puncture resistance, and weather resistance to function in challenging conditions. These listed factors are supporting the market growth of divinylbenzene across the globe.
Increase in power requirements from the residential and industrial sectors which has stimulated the demand for water treatment in power plants to prevent scale formation, biofouling and corrosion. Lifestyle changes, urbanization and dietary changes should contribute to growing demand for water. Rising standards of water quality, environmental awareness, tremendous economic growth, and development of water treatment infrastructure should stimulate the demand for ion exchange resins.
Rising investment in new electrical power projects and growing demand for power has resulted in significant rise in power generation which should drive water treatment for electric power generation plants. Ion exchange resins are vital for effective water treatment processes as these products allow the removal of undesirable ionic contaminants by exchanging it with another less objectionable or non-objectionable ionic substance.
These resins play a vital role in various purification processes such as deionization, dealkalization, disinfection and demineralization. The widespread usage of divinylbenzene to produce ion exchange resins through the polymerization process should accelerate divinylbenzene market growth.
Divinylbenzene market is likely to slow down amid lockdown imposed across in many of the countries. Furthermore, the coronavirus pandemic has weakened the demand for the end-use sectors of benzene such as building materials, paints, octane-enhancing fuel additives, furniture, vehicle components, fabrics, consumer appliances, and electronic equipment. This should result in excess benzene supply in comparison to demand, thereby ensuring raw material availability for divinylbenzene production. In addition to these, temporarily shutdown of manufacturing industries is also hindering the divinylbenzene market growth.
Browse key industry insights spread across 260 pages with 249 market data tables and 38 figures & charts from the report, Global Divinylbenzene Market By Type (DVB 55, DVB 63, DVB 80), By Application (Ion Exchange Resins, Chromatographic Resins, Adhesives & Coatings, Ceramics, Plastics & Elastomers), Industry Outlook Report, Application Development, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Growing Infrastructural Activities should stimulate demand for DVB 55 Type
Increasing industrial sector coupled with increasing government spending on infrastructural activities has spurred the demand for plastic & elastomers and adhesive coating. This has attribute towards the market growth of divinylbenzene market. Like, DVB 55 is a miscible with ethanol and immiscible with water and has low oxygen content and contamination. Thereby, it has into its massive demand in the industrial grade for ion exchange, chromatographic resins and other end uses.
On the backdrop of increasing industrial sector and excellent crosslinking agent properties of DVB 55 is one of the defining reasons which supports the market growth of divinylbenzene in the region. Increasing usage of ion exchange resins in wastewater treatment and power generation application is one of the significant reasons that attribute towards the divinylbenzene market growth.
“As per industry forecast, DVB 55 grade type is stipulated to surpass USD 25 Mn by the end of 2026, as it helps to improve chemical and physical properties due to its highly cross- linking agent properties
Intensifying demand for ceramics application creates lucrative growth opportunities owing to technological advancement in 3D printing and nanotechnology.
Rising government policies to promote affordable housing, creation of industrial corridors and smart city projects are fueling the demand for ceramic products. This has supported the demand for divinylbenzene from ceramic application. The medical industry exhibits rising preference for ceramics over conventional materials such as metals and plastics. The product is widely used in bone implants, fractured bone reconstruction and tooth replacement.
Ceramics find increasing adoption in the electricals & electronics industry owing to their beneficial electrical properties such as semi-conducting, insulating, piezoelectric, magnetic, and superconducting features. These listed factors are attributing towards the market growth of divinylbenzene and projected to remain significant over the forecast period.
North America Market Is Gaining Traction Owing to Increasing Transportation & Automotive Sector
North America market is anticipated to exceed by USD 20 million by the end of 2026 due to growing demand for vehicles from the booming logistics and e-commerce sectors. Rise in stringent emission norms and growing consumer environmental awareness have led automakers to shift vehicle production to electrification. Polymers such as polypropylene, polyurethane and polyvinyl chloride comprise over one-third components of a conventional vehicle. These materials are widely used to produce automotive components such as dials, gauges, dashboards, air conditioner vents, switches, seatbelts, floormats, airbags and door handles.
Divinylbenzene serves as an ideal raw material to produce polymers which should drive product demand from the automotive sector. Increasing regulations to reduce vehicular emissions, should prompt automakers to adopt more plastic components to reduce vehicle weight, fuel consumption and emissions.
“As per industry forecasts, North America is likely to grow with CAGR of over 5.5% by the end of 2026 owing to increasing demand for better and comfortable lifestyle which has led to an increase in the demand for vehicles and electro vehicles.”
Industry players in Divinylbenzene market are also investing in research and development activities as its finds wide array of application in biopharma and biotechnology for protein purification.
Some of the industry players operating in the divinylbenzene industry are 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.
Explore More on Related Topics: