Diphenyl Oxide Market

Diphenyl Oxide Market Study by Industrial and Cosmetic Grade for Heat Transfer Agents, Flame Retardants, Resins, Perfumes, and Foaming Agents from 2024 to 2034

Analysis of Diphenyl Oxide Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Diphenyl Oxide Market Outlook (2024 to 2034)

The global diphenyl oxide market is projected at a valuation of US$ 124.8 million in 2024 and is further expected to climb to a size of US$ 188.3 million by the end of 2034. The market has been studied to expand at 4.2% CAGR between 2024 and 2034.

Diphenyl oxide, commonly called DPO or diphenyl ether, is an organic molecule with the chemical formula O(C6H5)2. Diphenyl oxide, with other phenyl rings, is susceptible to a variety of reactions such as hydroxylation, halogenation, nitration, Friedel Crafts alkylation, and sulfonation. Diphenyl oxide is a colorless, sticky liquid with a nice smell. This chemical sinks or floats in water, depending on its density.

Some of the most common end-use applications for diphenyl oxide-based compounds are heat transfer fluids, aroma chemicals, and flame retardants. Diphenyl oxide-based compounds also provide the requisite processability and dependable quality for several end-use applications.

Key Market Growth Drivers

  • Primary force behind diphenyl oxide market growth is its increasing application in several industries such as electronics, cosmetics, chemicals, fragrances, petrochemicals, etc.
  • One of the key diphenyl oxide market trends is stricter fire safety regulations across industries. This chemical is a very important flame-retardant ingredient in products from electronics to textiles due to its fire-suppressing abilities.
  • Diphenyl oxide plays a crucial role in synthesizing pharmaceuticals such as anticonvulsants, antibiotics, and antifungals.
  • Diphenyl oxide is used as a solvent and intermediate when producing pesticides, herbicides, and fungicides for agricultural activities.
  • Diphenyl oxide is also widely utilized as raw material for producing high-performance polymers such as polyphenylene oxide (PPO) and polyphenylene ether (PPE). Demand for these polymers is increasing in several industries such as electronics, automotive, aerospace, packaging, etc., because of their exceptional thermal and mechanical properties.
Report Attribute Detail
Diphenyl Oxide Market Size (2024E) US$ 124.8 Million
Forecasted Market Value (2034F) US$ 188.3 Million
Global Market Growth Rate (2024 to 2034) 4.2% CAGR
East Asia Market Share (2024E) 22.1%
North America Market Value (2024E) US$ 15.9 Million
Sales of Liquid Diphenyl Oxide (2034F) US$ 105.3 Million
Key Companies Profiled BASF SE; LyondellBasell Industries Holdings B.V.; China Petrochemical Corporation; Sumitomo Chemical Co., Ltd.; SK Chemicals; Air Products and Chemicals, Inc.; The Dow Chemicals; Hanwha Group; Huntsman International LLC.; AGC Chemicals; Ineos Group Limited; CSPC Pharmaceutical Group Limited; Royal Dutch Shell; Eastman Chemical Company; PetroChina International Co., Ltd.

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What is Complementing Diphenyl Oxide Market Expansion?

“Rising Demand for Flame Retardants with Stricter Safety Standards”

Growing demand for flame retardants is because of increasing attention to fire safety regulations and standards in many industries such as electronics, construction, and automotive. Diphenyl oxide plays a crucial role as a component in flame retardant formulations. It is widely used in these formulations due to its effectiveness in inhibiting or suppressing flames. Demand for flame retardants is continuously increasing in almost all industries to improve fire safety standards, which is further contributing to the expansion of diphenyl oxide market size.

“Increasing Demand for Diphenyl Oxide as Base Material for Polymers”

Other than flame retardants, diphenyl oxide also plays an important role in the production of high-performing polymers such as polyphenylene oxide (PPO) and polyphenylene ether (PPE), which are widely used for their excellent thermal and mechanical properties. These qualities make them well-suited for industries such as automotive, aerospace, etc.

By using diphenyl as a base material, it allows the synthesis of heat-resistant, dimensionally stable, and chemically-resistant polyphenylene oxide and polyphenylene ether. Demand for high-performance polymers is growing because industries require these materials to meet the strict rules and regulations laid down by authorities.

What is a Major Headache for Diphenyl Oxide Manufacturers?

“Price Fluctuation of Key Raw Materials Becoming Major Challenge’

Price fluctuations of raw materials that are required for diphenyl production is becoming a major roadblock to market growth. Primary components such as benzene and phenol are utilized in production of this compound, and their price fluctuations directly impact the supply chain, such as expenditures related to manufacturing and the profit margins of diphenyl oxide manufacturers.

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Country-wise Insight

In 2024, the East Asia region is projected to lead the market with 22.1% revenue share of the global diphenyl oxide market and is estimated hold 26% market share by 2034. The North America market is forecasted to expand at 7.1% CAGR during the projection period, which is higher compared to East Asia.

What’s Driving the Market for Diphenyl Oxide in China?

“Huge Industrial Base Attracting Manufacturers from Abroad”

Attribute China
Market Value (2024E) US$ 15.8 Million
Growth Rate (2024 to 2034) 6.3% CAGR
Projected Value (2034F) US$ 29.2 Million

China is known for its strong industrial base, which not only attracts consumers but manufacturers from other regions as well. Even though China has a well-established industrial structure, it is further growing at a decent pace due to several benefits provided by its geographical location. Many manufacturers of diphenyl oxide choose China for opening production units because of the easy availability of raw materials and availability of workforce at reasonable rates.

  • In January 2020, CNOOC and Shell agreed to study the possibility of developing a polycarbonate facility on their property. The facility would be based on Shell's developed diphenyl carbonate (DPC) technology and would be the first commercial-scale plant to use the process.

Why are Suppliers of Diphenyl Oxide Gaining Prominence in the United States?

“High Utilization as Key Raw Material in Several Industries”

Attribute United States
Market Value (2024E) US$ 12.6 Million
Growth Rate (2024 to 2034) 7% CAGR
Projected Value (2034F) US$ 24.9 Million

In the North American region, the United States is projected to account for 79.6% of the diphenyl oxide market share in 2024. Sales of diphenyl oxide are increasing in the country since it is a key component used in the production of flame retardants. These are utilized by many industries to meet the strict fire safety regulations set by the government. The United States is well known for its pharmaceutical sector, and diphenyl oxide is also used as a raw material for synthesizing pharmaceutical products.

Category-wise Insight

Based on application, the market is segmented into heat transfer agents, flame retardants, resins, perfumes, and foaming agents. Application of diphenyl oxide as a heat transfer agent is estimated to hold a significant market share and demand is projected to grow at a noteworthy pace.

Why is Liquid Diphenyl Oxide More Popular Compared to Solid Form?

“Versatility of Liquid Diphenyl Oxide Increasing its Demand”

Attribute Liquid
Segment Value (2024E) US$ 71.3 Million
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 105.3 Million

Diphenyl oxide in liquid form is high in demand compared to solid form because liquid products are more versatile in nature and are easy to handle during chemical synthesis, processing, and formulations. The fluid state allows for easier mixing, blending, and dispersion within formulations, improving product performance and consistency.

Liquid diphenyl oxide is also directly incorporated into the manufacturing processes of chemicals, fragrances, and petrochemicals, and it does not require additional steps such as solid form, which helps in reducing expenditures of production and time. These beneficial properties of liquid diphenyl oxide are increasing its application in many productions.

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Competitive landscape highlights only certain players
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Competitive Landscape

Key players in the diphenyl oxide market include BASF SE, LyondellBasell Industries Holdings B.V., China Petrochemical Corporation, Sumitomo Chemical Co., Ltd., SK Chemicals, Air Products and Chemicals, Inc., The Dow Chemicals, Hanwha Group, Huntsman International LLC., AGC Chemicals, Ineos Group Limited, CSPC Pharmaceutical Group Limited, Royal Dutch Shell, Eastman Chemical Company, and PetroChina International Co., Ltd.

  • In July 2022, BASF authorized the development of the core of its €10 billion (US$ 10 billion) integrated chemicals complex in Zhanjiang, China. The massive complex will become the German company's third-largest plant globally, behind Ludwigshafen in Germany and Antwerp in Belgium. Separately, the business said that it will invest US$ 780 million in the last expansion phase of its methylene diphenyl diisocyanate (MDI) plant at its Verbund facility in Geismar, Louisiana. MDI is a base material for polyurethanes, foams, and adhesives.

Fact.MR provides detailed information about the price points of key manufacturers of diphenyl oxide positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Diphenyl Oxide Market Research

  • By Grade :

    • Industrial
    • Cosmetic
  • By Form :

    • Solid
    • Liquid
  • By Application :

    • Heat Transfer Agents
    • Flame Retardants
    • Resins
    • Perfumes,
    • Foaming Agents
  • By Region :

    • North America
    • Latin America
    • East Asia
    • South Asia & Pacific
    • Western Europe
    • Eastern Europe
    • Middle East & Africa

- FAQs -

What is the size of the diphenyl oxide market in 2024?

The global diphenyl oxide is calculated at a value of US$ 124.8 million in 2024.

What are the future projections for the market for diphenyl oxide?

The market for diphenyl oxide is forecasted to reach US$ 188.3 million by the end of 2034.

At what rate is the global market forecasted to grow?

Sales of diphenyl oxide are forecasted to increase at 4.2% CAGR between 2024 and 2034.

What are the forecasts for the market in South Korea?

The market in South Korea is forecasted to expand at a CAGR of 9% through 2034.

What is the market size of diphenyl oxide in Canada?

The market in Canada is projected to generate revenue worth US$ 4.7 million by 2034.

Which form of diphenyl oxide is more widely utilized?

Liquid diphenyl oxide is forecasted to account for 57.1% share of the global market in 2034.

Who are the top diphenyl oxide manufacturers?

Top manufacturers of diphenyl oxide include BASF SE, LyondellBasell Industries Holdings B.V., and China Petrochemical Corporation.

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