According to a recent analysis by Future Market Insights (FMI), the 1,4-diisopropylbenzene market is expected to grow between 2021 and 2031 as a result of increasing demand from various industries, particularly the chemical and electrical & electronics sectors.
According to the study, the market for 1,4-Diisopropylbenzene is expected to increase at a rate of 3.8% CAGR over the ensuing assessment period.
Because 1,4-Diisopropylbenzene is employed as a solvent in paints, synthetic lubricants, and polymers used in the construction and automotive industries, there is an increasing demand for these goods.
However, it is anticipated that the usage of 1,4-Diisopropylbenzene will be constrained by strict laws put on the use of synthetic compounds that are hazardous to the environment and human health, together with a movement in consumer preferences toward cleaner and greener alternatives.
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Key Takeaways from 1,4-Diisopropylbenzene Market Study
- 1,4-Diisopropylbenzene market value is expected to total US$ 110.7 Mn in 2021
- The U.S. is expected to remain a leading market, accounting for nearly 84.7% of sales in North America in 2021
- Germany, France, and Russia are expected to exhibit steady growth in demand for 1,4-Diisopropylbenzene in Europe. Among these countries, Germany is expected to remain dominant
- Application of 1,4-Diisopropylbenzene as chemical intermediate will account for maximum sales of nearly 32.6% in the market in 2021
- China is expected to remain the leading market for 1,4-Diisopropylbenzene within East Asia through the course of the forecast period
1,4-Diisopropylbenzene Market: Participant Insights
According to the report, Eastman Chemical Company, Sagechem, Goodyear Chemicals, Syntechem Co. Ltd. Tokyo Chemical Industry Co. Ltd., Biosynth Carbosynth among others are identified as key players in the 1,4-Diisopropylbenzene market.
Key manufacturers are focusing on introducing improvements in the 1,4-Diisopropylbenzene to gain competitive edge. Since the market is very niche, some manufacturers are investing a significant amount in research and innovation to explore various applications field and many others are adopting strategic collaborations and agreements to share investments and resources to reduce the risk and increase the revenues in the market.
1,4-Diisopropylbenzene Market by Category
By Product Type:
- Standard
- High Purity
By Application:
- Paints & Coatings
- Electrical & Electronics
- Chemical Intermediates
- Solvents
- Graphic Arts
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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Want to Know More?
Future Market Insights has published a market research report on the 1,4-Diisopropylbenzene market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the 1,4-Diisopropylbenzene market through three different segments- by Product Type, by Application and by Region.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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