Global Diisopropylbenzene Market Overview
Diisopropylbenzene Market Size was valued at USD 122.1 Million in 2022. The Diisopropylbenzene industry is projected to grow from USD 24.1 Million in 2023 to USD 178.1 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.10% during the forecast period (2023 - 2032).
Diisopropylbenzene which is also known as 4-Isopropylcumene Benzene, p-diisopropyl-benzen, disopropylbenzene and represent by the molecular formula as C12H18. Diisopropylbenzene is produced by products of cumene synthesis in closed systems. These chemicals are mixed into gasoline, diesel and other hydrocarbon fuels. Diisopropylbenzene are soluble in ether, alcohol, acetone and benzene, whereas they are insoluble in water. Furthermore, Diisopropylbenzene is used as an intermediate for the synthesis of synthetic lubricants, stabilizers, polymers, and hydroperoxides. The extract solution is di(2-ethylhexyl)phosphoric acid (HDEHP) in diisopropylbenzene (DIPB) used in the trivalent actinide-lanthanide separation by phosphorus reagent extraction from aqueous komplexes process for separating trivalent lanthanides from trivalent actinide cations. It also finds application in nuclear fuel reprocessing.
Diisopropylbenzene Market by Region (2016-2023)
Regional Analysis Asia Pacific is the largest market of diisopropylbenzene due to applicable in polymers, in China region followed by India. Increasing demand for polymers and synthetic lubricant in China, India, Japan, Taiwan, and South Korea has made Asia Pacific largest consumer of the global diisopropylbenzene market followed by increasing in the consumption of diisopropylbenzene market in North America region. In North America region, diisopropylbenzene market is drive by stabilizers, polymers. In addition, the third largest market of diisopropylbenzene is Europe region. Moreover, Latin America and Middle East also observed in growth of diisopropylbenzene market due to various application such as stabilizers, polymers, synthetic lubricants, hydroperoxides, and others.Key Players Key players of the global diisopropylbenzene market are Eastman Chemical Company (US), Santa Cruz Biotechnology, Inc (US), TCI (Shanghai) Development Co., Ltd. (China), Arkema Group (Europe), Hangzhou Yuhao Chemical Technology Co., Ltd. (China), CHMA Chemical Technology (Shanghai) Co., Ltd (China), Mitsui Chemicals, Inc. (US), Rhein Chemie Corporation (US), Matrix Scientific. Inc, Sigma-Aldrich Co. LLC (US) and others.
SegmentationThe global diisopropylbenzene market is majorly segmented on the basis of isomers, application, and region. Based on isomers of diisopropylbenzene the market is segmented into o-diisopropylbenzene, m-diisopropylbenzene, and p-diisopropylbenzene. Based on application of diisopropylbenzene the market is segmented stabilizers, polymers, synthetic lubricants, hydroperoxides, and others. On the other hand, based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Geographic Analysis The report covers brief analysis of geographical region such as North America, Europe, APAC, Latin America and Middle East & Africa.
The report about Global Diisopropylbenzene Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
Study Objectives of Diisopropylbenzene Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Diisopropylbenzene Market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
Intended Audience
- Diisopropylbenzene manufacturers
- Traders and distributors of Diisopropylbenzene
- Production Process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Report Attribute/Metric |
Details |
Market Size |
2032: USD 178.1 Million |
CAGR |
4.10% |
Base Year |
2022 |
Forecast Period |
2023 to 2032 |
Historical Data |
2019 & 2020 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Isomers, By Application and By Region |
Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors |
Eastman Chemical Company (US), Santa Cruz Biotechnology, Inc (US), TCI (Shanghai) Development Co., Ltd. (China), Arkema Group (Europe), Hangzhou Yuhao Chemical Technology Co., Ltd. (China), CHMA Chemical Technology (Shanghai) Co., Ltd (China), Mitsui Chemicals, Inc. (US), Rhein Chemie Corporation (US), Matrix Scientific. Inc, Sigma-Aldrich Co. LLC (US) and others. |
Key Market Opportunities |
Diisopropylbenzene are soluble in ether, alcohol, acetone and benzene |
Key Market Drivers |
The growing demand for automotive fuel additives and lubricants |
Diisopropylbenzene Market Highlights:
Frequently Asked Questions (FAQ) :
Diisopropylbenzene is majorly used as an intermediate in the production of synthetic lubricants, polymers, and stabilizers, apart from being used in gasoline and diesel as an additive.
The growing demand for automotive fuel additives and lubricants is the major driver for the global diisopropylbenzene market.
Asia Pacific is the largest regional market for diisopropylbenzene.
Leading players in the market include Eastman, TCI, and Arkema, among others.
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