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Dibenzyl Toluene Market

Dibenzyl Toluene Market

Dibenzyl Toluene Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Dibenzyl Toluene Market
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Global Dibenzyl Toluene Market Insights

The global dibenzyl toluene (DBT) market has witnessed a slow growth, recording a CAGR of 2.5% over the past half-decade. However, due to the ongoing outbreak of the COVID-19, chemical production has taken a pit stop and has stunted the growth of DBT demand across the regions in the fiscal year 2020.

With the reopening of the markets by the mid-2nd quarter of FY2020, global demand for dibenzyl toluene is set to gain pace and register a CAGR of 3.4% during the forecast period (2020-2030).

In the historical period, the dibenzyl toluene market growth was attributed to increased application as dielectric and heat transfer fluids. Since 2016, DBT has gained significant traction for use in LOHC (Liquid Organic Hydrogen Carrier) systems, owing to its stable high temperature-resistant properties.

LOHC is a high potential market for dibenzyl toluene, owing to growing need for effective storage and transportation of hydrogen. Hydrogenious GmbH has pioneered in exploring DBT for LOHC applications and made LOHC a monopolistic market in 2016. These factors will continue to play an instrumental role in the dibenzyl toluene market growth.

Global Dibenzyl Toluene Market Analysis by Grade

Of the two major grades of DBT, <98% and >98%, the former accounts for a major share of manufacturers’ bottom lines. Apart from high application in heat transfer equipment, price factor plays a major role in capturing the majority of the dibenzyl toluene market share.

>98% is relatively expensive compared to its counterpart due to high production cost. It accounts for less than 10% of the global market value, due to limited application in LOHC technologies. It is pertinent to note that the overall market has contracted, due to factory closures and supply chain disruptions triggered by the COVID-19.

dibenzyl toluene market_image analysis and forecast by grade

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Global Dibenzyl Toluene Market Analysis by End-use Industry

Dibenzyl toluene has a periodical consumption in chemical, petrochemical, pharmaceutical and other industries, where temperatures need to be maintained on a regular basis. Dibenzyl toluene is consumed in notable amounts in these industries for its provision of stable temperatures.

Moreover, dibenzyl toluene applications in lucrative businesses such as LOHC are set to provide an impetus to the market in the long-run. Aforementioned factors in long-run are set to boost the demand of dibenzyl toluene market.

While use in petrochemical and oil & gas industries continues to influence manufacturers’ growth strategies, growing application in chemicals and plastic & rubber industries is likely to result in increased market share during the forecast period.

dibenzyl toluene market analysis by region and end use industry

Global Dibenzyl Toluene Market: Regional Analysis

Europe will continue to maintain its lead in the global dibenzyl toluene market. Currently, North America accounts for nearly one-fourth of the global market share, backed by increasing demand from rapidly growing oil & gas industry.

The emergence of Middle East & Africa as the promising market for oil & gas and petroleum has contributed to historical growth of the dibenzyl toluene market, thereby compelling manufacturers to increase their investments in the region.

South Asia & Oceania’s market registered a 4.5% CAGR in the historical period, owing to significant growth of the chemical industry in the region. While the trend was anticipated to continue over the forecast period, the COVID-19 pandemic has contracted demand in 2020, thus affecting the production of dibenzyl toluene.

By the 1st quarter of 2022, the market is set to recover its pace. The market will gain momentum, following a maximum capacity operation of the manufacturing sites such as oil & gas, chemical, petrochemical and pharmaceutical industries.

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Global Dibenzyl Toluene Market: Competition Analysis

The global dibenzyl toluene market is highly consolidated in nature. Some of the prominent market players include Eastman Chemicals (Sasol), Arkema, Hydrogenious, Soken, and Yantai Jinzheng Fine Chemical. Of the mentioned players, Arkema and Eastman account for more than 80% of the global supply of dibenzyl toluene.

Entry of Hydrogenious has captured niche markets such as LOHC. LOHC has higher potential for market growth. Despite presence of substitutes of DBT in LOHC, it is set to provide Hydrogenious GmbH with substantial opportunities for its expansion in the global markets.

Analyst Viewpoint

The dibenzyl toluene market shows a high level of consolidation, allowing key manufacturers to keep the price stable for a longer period of time. While M&A activities will continue to remain a key growth strategy, manufacturers with higher-risk appetite focusing on expansion in potential regions are likely to be rewarded in the long run.

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COVID-19 Impact Analysis

The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales, due to reduced production and demand. The dibenzyl toluene market is no exception. Restrictions in operation of end-use industries, especially the oil & gas industry, along with supply chain disruptions have led to a downtrend in the dibenzyl toluene market.

Extended lockdowns in different countries have halted the production of dibenzyl toluene for the past months, as key manufacturing units and factories are shut. When the lockdown is lifted, it will take at least a couple of months to restore production to normal. Moreover, contracting demand from allied industries in second quarter of 2020 will have prolonged effects on the global dibenzyl toluene market.

About the Report

Fact.MR published an exclusive forecast report on the dibenzyl toluene market for the period of (2020-2030). The foremost objective of the dibenzyl toluene market report is to pitch spearhead insights on market scenario, demand generators, and technological advancements in the dibenzyl toluene market. Also, the dibenzyl toluene market study addresses key dynamics, which are expected to diversify the sales and future prominence of the dibenzyl toluene market.

The report on the dibenzyl toluene market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of the dibenzyl toluene market elaborating on the key segments. Also, the report outlines visionary insights on dynamics of the dibenzyl toluene market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for dibenzyl toluene.

Supply chain analysis and pricing analysis of the dibenzyl toluene market along with the difference between dibenzyl toluene used as per applications have also been included in the report to help readers clearly understand the product framework map in the dibenzyl toluene market.

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Dibenzyl Toluene Market Segmentation

Fact.MR has studied the dibenzyl toluene market with detailed segmentation on the basis of grade, application, end-use industry and key regions.

Grade

  • <98%
  • >98%

Application

  • Dielectric Fluid
  • Heat Transfer Fluid
  • Others

End-use Industry

  • Chemicals
  • Petrochemicals
  • Plastics & Rubber
  • Oil & Gas
  • Pharmaceuticals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Dibenzyl Toluene Market- Scope of the Report

The recent study by Fact.MR on dibenzyl toluene market offers a 10-year forecast for the period of 2020-2030. The study analyzes crucial trends that are currently determining the growth of dibenzyl toluene market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players along with emerging players associated with the manufacturing of dibenzyl toluene. The study also provides dynamics that are responsible for influencing the future status of the dibenzyl toluene market over the forecast period.

A detailed assessment of dibenzyl toluene value chain, business execution, and supply chain across the regional markets has been covered in the report. A list of prominent companies operating in the dibenzyl toluene market along with their product portfolio enhances the reliability of this comprehensive research study.

Dibenzyl Toluene Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the dibenzyl toluene market across the globe.

A comprehensive estimate on the dibenzyl toluene market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of dibenzyl toluene during the forecast period. Price point comparison by region with global average price is also considered in the study.

Dibenzyl Toluene Market: Size Evaluation

The dibenzyl toluene market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).

Market estimates at global and regional levels for dibenzyl toluene are available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent dibenzyl toluene market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global dibenzyl toluene market.

Dibenzyl Toluene Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the dibenzyl toluene market report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the dibenzyl toluene market growth during the forecast period.

Country-specific valuation on demand for dibenzyl toluene has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for developing countries has also been included in the report.

Dibenzyl Toluene Market: In-Depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of dibenzyl toluene along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the dibenzyl toluene, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

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