Global 1,4-Diisopropylbenzene Market – Industry Trends and Forecast to 2029

Global 1,4-Diisopropylbenzene Market, By Products (Standard, High Purity), Application(Paints and Coatings, Electrical and Electronics, Chemical Intermediates, Solvents) – Industry Trends and Forecast to 2029

Market Analysis and Size

1,4-diisopropylbenzene is used as intermediate in many chemical reactions. Reactions of 1,4-diisopropylbenzene (DIPB) include side chain modification by bromination and oxidation, dehydrogenation. Ring substitution reactions include nitration, sulfonation, bromination, and acetylation, 1,4-diisopropylbenzene is also used as an intermediate for the synthesis of synthetic lubricants, stabilizers, polymers and hydroperoxides. It is used in the seperaton process of trivalent actinide-lanthanide by phosphorus reagent, also used for extraction from aqueous complexes (TALSPEAK) process for separating trivalent lanthanides from trivalent actinide cations. It also finds application in the nuclear fuel reprocessing.

Data Bridge Market Research analyses that the 1,4-diisopropylbenzene market was valued at USD 695.50 million in 2021 and is expected to reach USD 1195.00 million by 2029, registering a CAGR of 7.00 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Report Scope and Market Segmentation

Market Definition

1,4-diisopropylbenzene is also known as p-diisopropylbenzene. It is a chemical intermediate used to prepare synthetic lubricants, stabilizers, polymers, hydroperoxides, and in many other products. The 1,4 diisopropylbenzenes contain a group of aromatic hydrocarbons this compound consists two isopropyl groups (−CH(CH3)2) as a substituents and a benzene ring. Due to their different arrangement, they form three structural isomers and the molecular formula is C12H18.

1,4-Diisopropylbenzene Market Dynamics

Drivers

• Usage in chemical industry

1,4 diisoprophylbenzene is a chemical compound used for stabilizers, hydroperoxides, polymers, synthetic lubricants, and many other products. Due to this Increase the demand of 1,4-diisoprophylbenzene from the chemical sector which are expected to boost sales of 1,4-diisoprophylbenzene during forecast period.

• Increasing demand for synthetic lubricants and polymers

Rising demand for polymers and synthetic lubricants products is promoting the growth of the market because 1,4-diisopropylbenzene is used as a solvent in synthetic lubricants, polymers and paints which are used in the construction and automobile industry.

Opportunities

The rising Population across the globe have high country spending and high disposable income towards the development of the infrastructure, which is also high in the globe. These factors are the major ones that promote the demand for the polymers and Synthetic Lubricants in developed countries, which creates robust opportunities for 1,4-diisopropylbenzene. The growing automotive and construction industry also drive the growth of the 1,4-diisopropylbenzene market and will act as market drivers and further increase the valuable opportunities for the market's growth rate.

Restraints/ Challenges

However, balancing the side effects related to the 1,4-diisopropylbenzene chemical, including toxic to aquatic life with long-lasting effects, skin irritation, drowsiness or dizziness, could be the challenging factor for the growth of the 1,4-diisopropylbenzene market. Moreover, adherence to strict regulations imposed on the use of synthetic chemicals harmful to human health and the environment by many world governments could also be a major restraint for the market.

This 1,4-diisopropylbenzene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 1,4-diisopropylbenzene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on 1,4-Diisopropylbenzene Market

Lockdown imposed due to covid-19 across several countries has negatively impacted the growth of the market. Transportation-related delays and Limited production due to travel restriction generated many hindrances during pandemic. The end-user industries of 1,4-diisopropylbenzene for example, electrical and electronics, paints and coatings, and automobiles, have been affected adversely. The demand for 1,4-diisopropylbenzene was approximately stopped over some recent period. The demand is improving at a faster pace after re-opening of lockdowns and leniency in governmental regulations.

Recent Development

• In 2019, Carbosynth and Biosynth move into a strategic collaboration to share their resources to satisfy the growing demand for 1,4-diisoprophylbenzene.

Global 1,4-Diisopropylbenzene Market Scope

The 1,4-diisopropylbenzene market is segmented on the basis of products and application.. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

• Standard
• High Purity

Application

• Paints and Coatings
• Electrical and Electronics
• Chemical Intermediates
• Solvents

1,4-Diisopropylbenzene Market Regional Analysis/Insights

The 1,4-diisopropylbenzene market is analysed and market size insights and trends are provided by country, products and application as referenced above.

The countries covered in the 1,4-diisopropylbenzene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the 1,4-diisopropylbenzene market in terms of revenue share during the forecast period. This is due to the growing demand for 1,4-diisopropylbenzene in this region. The North America region leads the 1,4-diisopropylbenzene market, with the U.S leading the way in terms of higher demand for polymers and synthetic lubricants.

During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to the growing population and industrialization and rise the demand in construction sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and 1,4-Diisopropylbenzene Market Share Analysis

The 1,4-diisopropylbenzene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 1,4-diisopropylbenzene market.

Some of the major players operating in the 1,4-diisopropylbenzene market are:

• Eastman Chemical Company (US)
• Santa Cruz Biotechnology, Inc (US)
• Arkema (France)
• Hangzhou Yuhao Chemical Technology Co., Ltd. (China)
• CHMA Chemical Technology (Shanghai) Co., Ltd (China)
• Mitsui Chemicals, Inc. (US)
• Rhein Chemie Corporation (US)
• Matrix Scientific. (US)
• Merck KGaA (Germany)
• Lanxess (Germany)
• SAGECHEM (China)
• The Goodyear Tire & Rubber Company (US)
• Syntechem Co. Ltd. (China)
• TCI Chemical Pvt Ltd (Japan)
• Biosynth Carbosynth (Switzerland)
• Angene (UK)
• KANTO KAGAKU (Japan)
• ABCR Gmbh (Germany)
• BLD Pharma (China)