Dibenzyl Toluene Market
Dibenzyl Toluene Market Size, Share Report Analysis by Grade (<98% Dibenzyl Toluene, >98% Dibenzyl Toluene), by Application (Dielectric Fluid, Heat Transfer Fluid), by End-use Industry (Chemical, Petrochemical, Plastics & Rubber, Oil & Gas) & by Region – Global Forecast to 2031
Global dibenzyl toluene market to progress at a CAGR of 3.3% and reach a valuation of US$ 77 Mn by 2031. Currently, dibenzyl toluene captures 3.6% consumption share amongst all heat transfer fluids.
Overall, dibenzyl toluene consumption is set to reach 13 KT by the end of 2031, at a forecast volume CAGR of 2.8%. Moreover, dibenzyl toluene production in 2021 is estimated to surpass 9.8 KT, with approximately 33% of its total production being consumed in the European region, states Fact.MR, a market research and competitive intelligence provider.
Of the prominent applications of dibenzyl toluene (dielectric fluid, heat transfer fluid, and others), its use as a DBT dielectric fluid to cool down high-voltage cables, transformers, capacitance generating devices, and various other high-voltage applications is poised to multiply 1.4X.
Moreover, availability of various dibenzyl toluene grades (<98%, >98%) in the market upsurges its product range, accounted for by the fact that DBT <98% generates revenue 9X times of what is engendered by the >98% grade type.
|Dibenzyl Toluene Market Size in 2020||US$ 53 Mn|
|Forecasted Market Value for 2031||US$ 77 Mn|
|Global Growth Rate||CAGR 3.3%|
|Top 5 Manufacturers of Dibenzyl Toluene||78% Market Share|
Dibenzyl toluene industry research performed by Fact.MR delves on key insights such as current and speculative production capacity, capacity utilization rates of each producer, current and speculative pricing, price optimization strategy across value chain, techno-economic analysis of dibenzyl toluene production, and much more.
Historical Analysis (2016 to 2020) Vs Future Projections (2021 to 2031) for Dibenzyl Toluene Demand
According to Fact.MR, over the past half-decade, global volume consumption of dibenzyl toluene increased at a CAGR of around 2.4% and reached around 10 KT, of which, DBT as a heat transfer fluid accounted for around 4/7 of total consumption. Advanced properties of dibenzyl toluene such as its efficient cooling and high temperature-resistant properties allowed it to play a notable role in LOHC (Liquid Organic Hydrogen Carrier) systems.
Attributed to technological advancements of dibenzyl toluene in recent years, positive growth of around 2.9% CAGR is being projected for the APEJ region over the forecast period. Further, use of dibenzyl toluene in petrochemicals is expected to expand 1.4X by 2031-end.
Moreover, use of DBT used in the plastics and rubber industry is expected to cover significant volume of global consumption, standing at around 1.7 KT.
However, the COVID-19 pandemic had an impact on revenue generation capability of companies as production facilities were shut down and the demand-supply chain was affected. As such, a dip in value of DBT consumption and production was witnessed across the market landscape.
What are the Opportunities Awaiting Dibenzyl Toluene Producers in Germany?
The European dibenzyl toluene business accounts for a significant market share in the global DBT market as compared to other prominent regions. Germany holds the most possibilities for growth in futuristic demand in the region. Therefore, it will remain the main target market, specifically for the petrochemical industry.
Germany accounts for around 1/4 of total European revenue share, and the market is anticipated to progress at a CAGR of over 2.5%. This is due to the presence petrochemical and automobile industries fostered by favourable government stance for use of high-temperature-resistant DBT fluid in hydrogen transportation.
Attributed to the above-discussed factors, it is projected that Germany consumption of dibenzyl toluene will be around 4.1 KT in terms of volume, increasing at a CAGR of around 2% over the decade.
What is the Scenario for Dibenzyl Toluene in the U.S. Market?
Dibenzyl toluene sales in the U.S. are mainly driven by increased demand for dibenzyl toluene as a dielectric and heat transfer fluid. Moreover, the U.S. has an ambitious plan to make dielectric fluid suitable for transistors, capacitors, high-voltage cables, transformers, and switch gears.
Rise of the electrical industry in the U.S. is poised to provide lucrative opportunities for dibenzyl toluene suppliers to penetrate this particular end-use application. Attributed, to these factors, the U.S. is projected to provide an absolute $ opportunity worth US$ 2.2 Mn over the forecast period.
The U.S. is an emerging manufacturer of DBT by accounting for around 23% revenue share in 2020, and DBT demand in the U.S. is anticipated to increase at a CAGR of 2.3% through 2031.
Which End Use of Dibenzyl Toluene is Being Targeted by Manufacturers?
Research & development on DBT has proven it to be a promising material for hydrogen transportation. A single molecule of DBT can absorb 9 molecules of hydrogen. Moreover, it also offers increasing safety owing to its high-flame resistance, and non-toxic & non-explosive properties.
Furthermore, DBT works as a multiphase flow to release hydrogen back to the desired location, which portrays a clear picture of safe hydrogen transfer through the DBT LOHC method.
Hydrogenious has put up an experimental site Stuttgart, Germany, as a display to demonstrate DBT and its exhaustive list of abilities and safety provisions while transferring hydrogen at longer distances. European countries are looking for feasibility on the adoption of LOHC for the transportation of hydrogen to plants.
Mandating the use of the LOHC technique for the supply of hydrogen in the near future is set to drive demand for DBT.
DBT is projected to provide a notable absolute $ opportunity of US$ 4.7 Mn in the petrochemicals industry while expanding at a CAGR of around 3.4% over the decade.
Which Application of Dibenzyl Toluene is Anticipated to Dominate Global Revenue Share?
DBT is commercially used as a heat transfer fluid under the trade name Marlotherm, supplied and manufactured by Sasol. DBT has been extensively used as a heat transfer fluid over the past two decades owing to its high performance at exceptional temperature in Industries.
DBT is commonly used in heat transfer equipment in pharmaceutical, plastic, rubber, and other specialty chemical industries. DBT can withstand temperatures ranging from 0 degrees C to 350 degrees C.
More than 15 metric tons, on an average, is charged into industries as heat transfer fluids. Moreover, its properties such as limited product decomposition, high flash point, low cold viscosity during shutdowns, ease of oil handling, and a bunch of other properties makes DBT a promising material for usage in chemical manufacturing plants.
Majority of users have shifted the demand curve of DBT. Moreover, increase in supply is also observed in the production of Arkema, Sasol (Eastman) and other companies, owing to increases demand for dibenzyl toluene.
Dibenzyl toluene is widely known for its lightweight and heat resistance features. These features are highly embraced by the petrochemical industry. The level of DBT utilization in the petrochemical industry will increase 1.5X to 2X by the end of 2031, which will aid manufacturers in boosting their product reach.
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The COVID 19 pandemic left no industry unturned, and impacted sales of dibenzyl toluene too. Y-O-Y revenue growth saw a dip of 0.8% in 2020 when compared to 2019. This contraction can be attributed to decrease in DBT demand from the industrial sector along with reduced demand from the petrochemical industry.
Top Companies in Dibenzyl Toluene Market
Market players in the dibenzyl toluene business have mainly opted for organic growth strategies such as capacity expansion, product development, and innovation. These strategies are helping dibenzyl toluene key players expand their regional footprint and garner market share, thus providing them with a competitive advantage.
- Cluster of dibenzyl toluene manufacturers are positioned in Europe owing to 3 KT demand witnessed in 2020.
- Presence of petrochemical manufacturing companies such as British Petroleum Company, Rosneft, LUKOIL, and Gazprom, amongst many others, has led to the strengthening their DBT business, accounting for 32% of global dibenzyl toluene trade.
Fact.MR has provided detailed information about the price points of top manufacturers of dibenzyl toluene positioned across regions, sales growth, production capacity, and speculative production expansion, in the recently published report.
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Dibenzyl Toluene Industry Report Scope
|Historical Data Available for||2016-2020|
|Market Analysis||Value in US$ Mn, Volume in KT|
|Key Regions Covered||
|Key Countries Covered||
|Key Market Segments Covered||
|Key Companies Profiled||
|Pricing||Available upon Request|
Key Segments in Dibenzyl Toluene Industry Survey
- <98% Dibenzyl Toluene
- >98% Dibenzyl Toluene
- Dielectric Fluid
- Heat Transfer Fluid
By End-use Industry
- Dibenzyl Toluene for Chemicals
- Dibenzyl Toluene for Petrochemicals
- Dibenzyl Toluene for Plastics & Rubber
- Dibenzyl Toluene for Oil & Gas
- Dibenzyl Toluene for Pharmaceuticals
- FAQs -
The global dibenzyl toluene market value in 2021 is set to be around US$ 55 Mn.
Dibenzyl toluene revenue is expected to increase at a CAGR of around 3.3% over the period of 2021-2031.
Dibenzyl toluene sales rose at a CAGR of around 2.5% over the past half-decade.
Increased use of dibenzyl toluene in the oil & gas industry is a key trend being observed in the market.
Top-5 suppliers of dibenzyl toluene hold around 78% of the market share.
China, Germany, and the U.S. are the main countries driving demand for dibenzyl toluene.
Europe is projected to hold around 33% of global dibenzyl toluene revenue share.
Germany, China, France, and the U.S. are major dibenzyl toluene producers.
Dibenzyl toluene sales is Germany are projected to increase at a CAGR of around 3.5% over the decade.
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